Ontario iGaming contributes $1.24bn to government revenues
The market supported more than 15,000 jobs throughout its second year; totals were measured on a federal, provincial and municipal level.
Deloitte has released its Economic Contributions of Ontario’s Regulated iGaming Market – Year 2 report. According to the group’s findings, the market sustained nearly 15,000 jobs and contributed a combined total of $1.24bn to federal, provincial and municipal government revenues.
IGaming Ontario Executive Director Martha Otton commented, “Through the development and growth of Ontario’s regulated iGaming market, we’re helping achieve the government’s goals in terms of job creation, innovation and development, while providing a safer experience for consumers.”
Attorney General Doug Downey took a moment to celebrate the market’s success throughout the province.
He commented, “Our made-in-Ontario iGaming sector is being recognized internationally for its success as a leader in this space. Working together with our partners and industry, we will continue to drive innovation and deliver robust player protections, all while displacing the unregulated market.
“Our iGaming sector is not only a job creator here in Ontario, but it shows the world our ongoing commitment to building a sustainable and responsible iGaming industry.”
This is the second time the iGaming market in Ontario has reached and exceeded the $1.24bn market in government revenue. In a breakdown of this year’s total, $790m went to support provincial government revenue, $75m for municipal government revenue and $380m supported federal government revenue.
IGaming Ontario Board Chair Heidi Reinhart briefly discussed the report in more detail by saying, “This report puts Ontario’s iGaming market government revenue contribution at over $2bn since it launched, and with job contribution up by 24% from its first year, the benefits to Ontarians are significant.”
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