revenues and funded projects

The following figures for the fiscal year 2007/08 will help you see exactly where each dollar from BCLC goes.

WHERE THE MONEY GOES
 
Benefits, Programs & Winners:
Gaming revenue is distributed to the people,
businesses and communities of BC as follows:
 
  Government of BC

$1,080.4m

  Consolidated revenue ($677.5m)  
  Health special account ($147.3m)  
  Charities/community organizations ($146.1m)  
  Host local governments ($83.0m)
   Quarterly Summary
 
  Horse racing purse enhancements ($5.7m)  
 Development Assistance
Compensation ($18.8m) 
 

 SportsFunder ($2.0m)

 
  Prizes paid to lottery and bingo winners $647.1m
 
  Commissions and service fees paid to lottery retailers, casino and bingo service providers $579.3m
 
  Government of Canada $48.5m  
  Distribution ($8.5m)    
  GST ($40.0m)    
 
    Total: (92%) $2,355.3 million
 
Operating Costs:
 
  Operating expenses ($185.3m)    
  Ticket printing & bingo paper ($17.0m)    
  Special Policing ($1.6m)    
 
    Total: (8.0%) $203.9 million
 
Grand Total: Revenues 2007/08 $2.56 billion
 
 
REVENUES, EXPENSES, & NET INCOME
 
Revenues: 2007/08
 
  Lottery $976.9m
  Casino $1,322.1m
  Bingo $260.2m
 
Total Revenues: $2.56 billion
 
 
Expenses: 2007/08
 
  Prizes paid to winners ($647.1m)
  Commissions and service fees ($579.3m)
  Operating expenses ($185.3m)
    GST ($40.0m)
    Ticket printing and bingo paper ($17.0m)
    Special policing costs ($1.6m)
 
Total Expenses: ($1.47 billion)
 
 
Net Income: 2007/08 $1,088.9 million
  Distribution to Government of Canada $8.5 million
  Distribution to Government of BC $1,080.4 million
Government funds problem gambling programs from Consolidated Revenue. In fiscal 2006/07, expenditures on problem gambling programs totalled $7.0 million.
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