 Coarse fishing takes place at the lough with the best fishing are near the sluice at its northern end where the water is deeper.The name Ballysaggart is considered to mean the "field or townland of the priests" and a priory was located towards the northern end of Ballysaggart Lough.This may refer to a Franciscan Priory on Drumbearn Hill at Castlecaulfield which opened in 1687, before moving to Donnaghmore and lasted until 1816-17 when the last friar died.