Ontario's lottery agency gave the province a $2-billion bump as it announced a year of record-breaking revenue on Friday.

The Ontario Lottery and Gaming Corporation announced earnings of $6.7 billion from lotteries and casinos in 2010. Ontario receives about one-third of the province-run agency's profits.

OLG chairman Paul Godfrey told reporters on Friday that the money will help the province fund hospitals, schools and charities.

OLG employers also cashed in on the successful year, earning $11.6 million in performance-based bonuses – about $2,000 per employee.

If the OLG were a publicly traded company, its $6.7-billion revenue in 2010 would make it the 12th most valuable company in Canada.

The $2 billion payout, the biggest since 2003, is worth almost 10 per cent of the province's budget deficit.

Spending at the corporation was called into question by Ontario's auditor general last year.

The scandal-plagued lottery and gaming corporation was forced to clear house after millions of dollars were found to be misspent on everything from sports tickets, boat cruises and spa vacations.

Rod Phillips, OLG's new president and CEO, said they have been working to streamline spending and have seen some improvements over the past year.

"There is work to do. We will make this the most efficient organization from a lottery and gaming perspective, in the world. That is going to take some time," Phillips said. He said today?

The OLG has told the province they are committed to finding more savings, promising to cut an extra $100 million in spending by 2014.

The agency could see their profits increase in the years ahead with the launch of an online casino, which is expected to become one if its most popular attractions.

Godfrey said on Friday that they are taking recent high-profile cyber attacks on companies such as Sony into consideration while preparing the online casino's security systems.

Godfrey said the website will not launch until the OLG can ensure the safety of players' information.

With files from CTV Toronto's Scott Lightfoot and The Canadian Press