iGaming to bring 1,300 new jobs to Ontario
The Ontario market is set to launch on April 4, bringing both iGaming and single-event sports betting to the province.
With the Ontario iGaming and single-event sports betting markets set to go live next week, PlayCanada has reported that this new sector will create a slew of new jobs for the region.
According to reports, 1,300 new jobs will become available for Ontario citizens as a wave of new operators and suppliers take up residence in the province.
Some have claimed that this new industry may take jobs away from the land-based sector. However, research suggests that this is unlikely to occur.
“We have found by looking globally that online cannibalization is largely a myth, often propagated by brick-and-mortar casino operators understandably concerned that online gaming will eat into their profits,” said Robyn McNeil, Managing Editor of PlayCanada.com and Chief Co-Author of the report.
“The truth is that online casinos and sportsbooks often act as a tide that lifts all boats, expanding the market to the benefit of all industry stakeholders.”
The Canadian job market as whole also looks set to benefit from the expansion of iGaming, with reports suggesting that approximately 2,600 jobs could be created should the activity launch nationwide.
iGaming and single-event sports betting marks a new paradigm for Ontario, and land-based operators will surely need to adapt. However, the expansion will ultimately benefit these companies, allowing them to diversify their offerings into the online space.
Among the operators set to launch in province are PointsBet, BetMGM Ontario, FanDuel Ontario, Unibet, Rush Street Interactive’s BetRivers brand, Coolbet, LottoGo, Fitzdares, Bet365, LeoVegas, World Series of Poker, Rivalry, Royal Panda, theScore and 888.
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