15 Jun 20232 min. read

In its first year, Ontario's iGaming market has created over 12,000 jobs

In its first year, Ontario's iGaming market has created over 12,000 jobs
Sam Smith
written and last updated by Sam Smith at 15 Jun 2023 Journalist, Editorial Department
According to a recent study by Deloitte, Ontario's regulated gambling market has created over 12,000 jobs in its first year of operation. Additionally, it has contributed nearly CAD 1.6 billion (approximately RUB 101.3 billion) to the province's GDP.
These findings and other economic benefits are detailed in the report titled "Economic Contribution of Ontario's Regulated Gambling Market." Researchers predict that the province's regulated market could generate up to 22,000 full-time jobs, with its GDP contribution potentially rising to CAD 4.7 billion (around RUB 297.6 billion) annually. The gaming industry is expected to reach these figures by 2031-2032.
Dave Forestall, chair of iGaming Ontario, commented, "Today's report demonstrates that the newly regulated gambling market in Ontario is providing real benefits to every resident, whether they gamble or not. The iGaming industry is truly a driver of Ontario's economy. Together, we can help achieve our goal of becoming a leader in the global gambling market right here at home."
The report indicates that workers in the province's gambling sector earn an average annual salary of CAD 103,000 (about RUB 6.5 million), which is 41% higher than the average salary across all industries in Ontario.
During the 2022-2023 period, the province's economy added approximately CAD 1.14 to its GDP for every dollar spent by gambling operators on operational or capital expenses. According to the report, this figure is expected to increase to CAD 1.78 in GDP for every dollar spent by 2031-2032.
The study provides a market analysis as of April 26, 2023, based on data exchange, secondary research, and interviews with stakeholders in the gaming industry.
Notably, the total revenue of the three casinos in Detroit exceeded $105 million in May.

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