REGINA — In it’s first 10 months of operation, Saskatchewan's newest Crown corporation, Lotteries and Gaming Saskatchewan (LGS) recorded a net income of recorded net income of $191.1 million.
From June 1, 2023, to March 31, 2024 LGS also saw net income before payments to the General Revenue Fund (GRF) of $305.1 million on revenue of $585.6 million and expenses of $295.0 million.
Other LGS highlights in 2023-24 include:
- Payments to the GRF of $114.0 million;
- Dividend paid to LGS's shareholder, Crown Investments Corporation of Saskatchewan (CIC), of $135.8 million;
- $37.2 million in commissions paid to VLT site contractors;
- Nearly 2,500 Charitable Gaming Grants paid, totaling $5.9 million;
- 720 VLT machines and 373 slot machines replaced/purchased; and
- Undertaking the first-ever industry-wide examination of the gaming sector in Saskatchewan, which is the basis of LGS's Strategic Plan.
In total, the gaming sector overseen by LGS contributed more than $247 million to Saskatchewan communities in 2023-24. This occurred through the Lottery Trust Fund, the Community Initiatives Fund, the First Nations Trust, the Clarence Campeau Development Fund, Community Development Corporations and community grants.
"In 2024-25, LGS will continue to build on its momentum by focusing on strong financial and risk management and on growing the gaming industry responsibly to benefit the people and communities of Saskatchewan," LGS President and CEO Susan Flett said.
