Ontario’s open single-game sports-betting industry continues to thrive

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Igaming Ontario Berita

Sports Betting,Canada

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 2022.

In this May 2, 2019, file photo, the DraftKings logo is displayed at the sports betting company headquarters in Boston.

The industry opened up fully in Ontario on April 4, 2022. Ontario remains the only province in Canada to have an open, regulated igaming market.“I like this report because it goes broader into the overall economic benefits to the province,” said iGO executive director Martha Otton. “It’s easy to focus on the revenue share that we provide to the province but what this report highlights is all of the other benefits to the three levels of government as well.

“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,” Ontario Attorney General Doug Downey said in the report.Police ‘optimistic’ more unsolved murders will be linked to U.S. serial killer

The contributions to provincial and municipal government revenue in Ontario increased by 66 per cent from $525 million to $865 million.

 

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