Deloitte, a global business consulting and services corporation, stated that Ontario's iGaming segment has surpassed the group’s expectations for the 2023−2024 FY. The biggest breakthroughs were achieved in the fields of state contributions and employment.
Province’s Impressive Accomplishments
Various business indicators were outperformed by the industry’s representatives collectively. Some of the targets, set by Deloitte’s experts for 5 years, were gained already by the end of Ontario’s 2nd year of operation.
The entire online gambling segment, except for the state’s lottery, has managed to:
- contribute CA$ 2.7 billion to the Gross Domestic Product (GDP);
- sustain about 15,000 full-time equivalent work positions locally.
The latest FY brought $ 1.12 billion more than the previous one. This is quite an impressive and inspiring achievement and growth rate. The recently completed financial year saw direct jobs sustained accounted for 120% of the consulting agency’s 5-year forecasts.
Other aspects that outpaced initial predictions:
- government’s revenue — 94% over;
- contribution to the GDP — 93%;
- full-time jobs sustained — 92%.
The province’s Attorney General noted that the local iGaming sphere is being acknowledged worldwide for its leading accomplishments. According to Doug Downey's statement, his team will proceed with driving innovation and delivering top-notch user protection measures in cooperation with partners and the segment itself.
The spokesman also mentioned that the local iGaming sector is an excellent job generator. It demonstrates Ontario’s constant dedication to shaping a sustainable and responsible entertainment sphere.
Investments to various authorities reached $ 1.24 billion, up by $ 479 million from the previous FY. Here is the distribution by branches:
- provincial — $ 790 million;
- federal — $ 380 million;
- municipal — $ 75 million.
The territory’s online gambling business, not counting the OLG, managed to sustain 2,800 extra full-time positions in 2023−2024. From the total number of 15,000, over 2,600 were direct-employment posts.
Open a gaming business in Canada and start earning breathtaking revenue with the help of Casino Market experts. We can also assist you with all the supplementary tasks, from project licensing to marketing.
Feel free to contact us if you want to join the ranks of leading operators with the support of an experienced partner.
Have questions or want to order services?
Contact our consultants:
- e-mail: manager@casino-market.com
- Skype: support.casinosupermarket
- feedback form.
Check the information used to contact us carefully. It is necessary for your safety.
Fraudsters can use contacts that look like ours to scam customers. Therefore, we ask you to enter only the addresses that are indicated on our official website.
Be careful! Our team is not responsible for the activities of persons using similar contact details.
