Answer

It’s impressive.

In 42 years, since opening in 1976, Atlantic Lottery has directed $9.8 billion in profits to its four Atlantic provinces.

10 Comments

Geno

10/16/2018

Just curious seeing as, profits since 1976 was 9.8 billion to atlantic canada. How much did it cost Atlantic Canada ticket buyers or in other words, how much did it cost us to operate ALC minus profits?

Atlantic Lottery

10/17/2018

Hi Geno, thanks for your question. Our recent annual reports and audited financial statements are available on our website and include all of our expenses and operating costs. Keep in mind, our profits are what’s left of the revenue after the expenses are paid. For example, last year we made $419.2 million more than we spent – money that was returned to the four Atlantic provinces. You can find the reports here: https://www.alc.ca/content/alc/en/corporate/about-atlantic-lottery/who-is-al/annual-reports.html#par1_text. All the best. Mel

Geno

10/17/2018

Yes I've been to the site you're talking about. Just thought there was an aproxx figure of what was spent since 1976 in cost to run ALC. seeing as somebody came up with the figure of what the profits were that was given to the provinces since 1976. maybe that same person could give me the answer. annual reports are what accountants look at. Too much for me

Atlantic Lottery

10/17/2018

Hi Geno, Thanks for your question. Let me see if I can get that answer for you! I may only have something for you tomorrow, most folks are gone for the evening now. Kind Regards, Darlene

Geno

10/18/2018

I wait and I wait and I wait

Geno

10/19/2018

No one around with the answer to my question? I just want an approx figure.

Atlantic Lottery

10/20/2018

Hi Geno, Thank you for your question and I’m really pleased to help provide more information for you on where all the lottery money goes. Atlantic Lottery’s total operations spend since 1976 is $2.7 billion. Also, when looking at our total revenue (which includes every penny of profit), 93% of every lottery dollar stays here to benefit Atlantic Canadians. For a full breakdown of the lottery dollar last year, please visit:https://askaway.ca/piechart. I hope this information has been helpful. Regards, Brianna

geno

10/20/2018

So, the profits since 1976 was approx. 9.8 Billion to the Atlantic Provinces which means, prizes paid out which I saw on Alc's charts was approx 35cents /dollar and profits were 36cents/dollar so, that means money paid out for prizes was aproxx 9 Billion or so. hmmm all told approximately 20 to 21 Billion if the numbers are right.. Would that figure be right?

Geno

10/20/2018

what happened to my last post?

Atlantic Lottery

10/23/2018

Thank you for your question Geno! And yes, you are correct, the total paid out in prizing since 1976 is $9.3 billion and the total revenue since 1976 is approximately $27 billion. The pie chart breakdown at www.AskAway.ca/piechart is updated annually based on our most recent audited financials, so the percentages may vary slightly year over year. Have a great day Geno! -Joline

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