The BC Lottery Corporation has released figures that show that 2006-07 has been a pretty good year for the gaming industry bean counters.
Recording 2.4 billion in gross revenues and a bit over 1 billion in profits for the provincial government and its partners throughout the province.
The numbers games are seemingly standing still while the lure of the Casinos and Gaming Centres is proving to be a winning hand for the province.
The provinces gambling establishments brought in some 1.2 billion dollars in the last year, more than double what the casinos recorded back in 2003. The lotteries haven't gained much ground, flattening out at around 900 million or so, where they have been for the last number of years, while Bingo has started to slowly gain back share bringing in 217 million in revenue last year.
The statistics are of interest to those that wish to study the socio economic impact of the gaming industry in BC. Of those gambling in the casinos and bingo parlours, 70 per cent have a post secondary education and almost half a family income over 60 thousand a year. The split in gamblers is almost even with males making up 52 per cent of the population that heads for the gambling establishments of the province.
If you want to be a Big roller in BC, Richmond is where you want to be. The River Rock Casino has proven to be the leader of the pack in the province, accounting for 233 million dollars of that 1.2 billion recorded province wide.
Those are numbers that will probably bring a smile to the faces of the Chances Gaming Centre destined for Prince Rupert this fall. If the provincial trend continues, Prince Rupert may find itself one of the key players in the gaming industries continued march through BC.
BC Lottery Corp. hits $1 billion jackpot
Casinos, not lotteries, drive record profits
Last Updated: Monday, July 16, 2007 9:09 AM PT
CBC News
The B.C. Lottery Corp. reported a record $2.4 billion in gross revenues for 2006-07, resulting in a payout in profits of just over $1 billion to the provincial government, local governments, charities and other organizations. Casinos raked in the largest share of revenues, collecting $1.2 billion, nearly twice what they earned in 2002-03, according to the corporation's annual report, released last week.
Meanwhile, lotteries continued to stagnate with $997 million in revenue, only marginally better than previous years, while bingo grew slowly, earning $219 million in revenue for 2006-07.
Among casinos, the biggest revenue generator was Richmond's River Rock Casino, where gamblers dropped a total of $233 million.
Overall, the corporation's profit margin rose to 42 per cent, with total profit after expenses passing the billion-dollar mark for the first time, at $1.01 billion. Of that:
The provincial government took $768 million, including $147 million for the Ministry of Health for funding health-care programs.
More than $142 million in grants went to community and charitable groups.
About $76 million in grants went to communities that host casinos and bingo. Vancouver topped the recipient list with almost $6 million.
The rest went to other provincial programs, including SportsFunder and horse racing purse enhancements, and the federal government.
On the expenses side, more than $650 million in prizes was paid to lottery and bingo winners.
Board chairman John McLernon and president Dana Hayden noted in the report's opening that delays in the opening of several gambling facilities and effective costs management contributed to lower than budgeted operating costs.
Hayden was appointed to replace Vic Poleschuk, who was let go after it was revealed that an inordinate number of ticket retailers were winning lottery prizes and that there were lax controls on winning tickets.
An ombudsman's investigation followed and the corporation said it's moving to implement the recommendations. "BCLC is also committed to implementing its Player First program that prohibits retailers and the employees from playing, purchasing and validating personal lottery products at their place of employment," the annual report said.
In a breakdown of casino-goers and bingo players, the report said:
52 per cent are male.
27 per cent are between the ages of 19 and 34.
70 per cent have some post-secondary education.
48 per cent are from households with an annual income greater than $60,000 a year.
Recording 2.4 billion in gross revenues and a bit over 1 billion in profits for the provincial government and its partners throughout the province.
The numbers games are seemingly standing still while the lure of the Casinos and Gaming Centres is proving to be a winning hand for the province.
The provinces gambling establishments brought in some 1.2 billion dollars in the last year, more than double what the casinos recorded back in 2003. The lotteries haven't gained much ground, flattening out at around 900 million or so, where they have been for the last number of years, while Bingo has started to slowly gain back share bringing in 217 million in revenue last year.
The statistics are of interest to those that wish to study the socio economic impact of the gaming industry in BC. Of those gambling in the casinos and bingo parlours, 70 per cent have a post secondary education and almost half a family income over 60 thousand a year. The split in gamblers is almost even with males making up 52 per cent of the population that heads for the gambling establishments of the province.
If you want to be a Big roller in BC, Richmond is where you want to be. The River Rock Casino has proven to be the leader of the pack in the province, accounting for 233 million dollars of that 1.2 billion recorded province wide.
Those are numbers that will probably bring a smile to the faces of the Chances Gaming Centre destined for Prince Rupert this fall. If the provincial trend continues, Prince Rupert may find itself one of the key players in the gaming industries continued march through BC.
BC Lottery Corp. hits $1 billion jackpot
Casinos, not lotteries, drive record profits
Last Updated: Monday, July 16, 2007 9:09 AM PT
CBC News
The B.C. Lottery Corp. reported a record $2.4 billion in gross revenues for 2006-07, resulting in a payout in profits of just over $1 billion to the provincial government, local governments, charities and other organizations. Casinos raked in the largest share of revenues, collecting $1.2 billion, nearly twice what they earned in 2002-03, according to the corporation's annual report, released last week.
Meanwhile, lotteries continued to stagnate with $997 million in revenue, only marginally better than previous years, while bingo grew slowly, earning $219 million in revenue for 2006-07.
Among casinos, the biggest revenue generator was Richmond's River Rock Casino, where gamblers dropped a total of $233 million.
Overall, the corporation's profit margin rose to 42 per cent, with total profit after expenses passing the billion-dollar mark for the first time, at $1.01 billion. Of that:
The provincial government took $768 million, including $147 million for the Ministry of Health for funding health-care programs.
More than $142 million in grants went to community and charitable groups.
About $76 million in grants went to communities that host casinos and bingo. Vancouver topped the recipient list with almost $6 million.
The rest went to other provincial programs, including SportsFunder and horse racing purse enhancements, and the federal government.
On the expenses side, more than $650 million in prizes was paid to lottery and bingo winners.
Board chairman John McLernon and president Dana Hayden noted in the report's opening that delays in the opening of several gambling facilities and effective costs management contributed to lower than budgeted operating costs.
Hayden was appointed to replace Vic Poleschuk, who was let go after it was revealed that an inordinate number of ticket retailers were winning lottery prizes and that there were lax controls on winning tickets.
An ombudsman's investigation followed and the corporation said it's moving to implement the recommendations. "BCLC is also committed to implementing its Player First program that prohibits retailers and the employees from playing, purchasing and validating personal lottery products at their place of employment," the annual report said.
In a breakdown of casino-goers and bingo players, the report said:
52 per cent are male.
27 per cent are between the ages of 19 and 34.
70 per cent have some post-secondary education.
48 per cent are from households with an annual income greater than $60,000 a year.
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