The British Columbia Lottery Corporation (BCLC) has announced an incredible CA$1.636 billion in income across the last fiscal year, providing a huge financial boost to the province and beyond.
According to the BCLC Annual Service Plan Report and Accountability Disclosure Report, released last week, the income figures have smashed the previous best fiscal year, which was CA$220 million back in 2018/19.
The phenomenal results are a massive boon for the region, with the majority of the income expected to be pumped back into regional infrastructure, community grassroots projects, and key services. The Federal government will also benefit from the result, though on a much smaller scale, taking just CA$12 million (0.75% of the total amount raised).
Industry insiders believe the result is another example of how regulation of a gambling business can have mammoth benefits for all parties.