On Wednesday, iGaming Ontario released a report that states the industry contributed $2.7 billion to Ontario's gross domestic product in 2023. That's up roughly 70 per cent from $1.58 billion in 2022, its initial year of operation.
The report also stated the Ontario market sustained 14,935 jobs . Operators employed approximately 2,675 people directly with an average compensation at $122,500 per person, which was 60 per cent higher than the average stipend per job in Ontario. The total government revenue generated via the industry surpassed $1.24 billion. The breakdown was $790 million , $380 million and $75 million .The contributions to provincial and municipal government revenue in Ontario increased by 66 per cent from $525 million to $865 million.
"But I think operators see Ontario as attractive, we have a lot to offer that other jurisdictions don't."
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