The Atlantic Lottery has returned $346.5m to the four local provinces as it revealed its profit total for FY20/21.
As reported by Country 94, the Destination line of business for the lottery returned a profit of $177.1m whilst retail and ilottery operations returned $169.4m.
Splitting the returns into the four Atlantic provinces, the lottery returned $118.9m to Nova Scotia, followed by $118.6m to New Brunswick, $94.3 million to Newfoundland and Labrador, and $14.7m to Prince Edward Island.
Despite this, in comparison to the previous fiscal year, Atlantic Lottery’s profit fell by $48.9m, primarily because COVID-19 safety measures causing retail outlets to close down or alter opening hours.
“Atlantic Lottery and its employees are proud of the returns delivered to our region and our communities during this challenging year,” said Patrick Daigle, President and CEO of Atlantic Lottery in a statement.
As per the constitution of the lottery, 100% of its profits must be returned to the provinces to go towards funding local causes including education, infrastructure and community funds.
The return of the latest profits come shortly after the lottery’s board of directors confirmed Patrick Daigle as the President and CEO.
Daigle’s appointment follows an eight-month interim period as President and CEO after a 24-year career at the lottery, serving in numerous roles including CFO.