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iGaming Industry Adds 1.6 Billion Dollars to Ontario GDP in First Year

Posted on June 30, 2023 | 7:31 am

iGaming Ontario, the government body that is in charge of regulating the competitive online gambling and sports betting market in Canada’s most populous province, has announced that the first year of the competitive market has generated more than 1.6 billion dollars for the province.

The figure resulted from research conducted by Deloitte, the famous international auditing company, which estimated that Ontario’s open and regulated iGaming market sustained over 12,000 full-time jobs and contributed 1.6 billion dollars to the gross domestic product (GDP) of the province. Around 900 million dollars from that total was represented by labor income.

Doug Downey, the Ontario Attorney General, said that the Ontario iGaming market has become “internationally recognized for creating a safe, legal and competitive landscape while supporting the province’s economy.”

The report compiled by Deloitte also revealed that the online gambling and sports betting industry in Ontario has the potential to expand even further and support around 22,000 full-time jobs. Moreover, the report adds that the industry could add up to 4.7 billion dollars to the GDP of Ontario and over 2.1 billion dollars in annual Government revenue by 2031-2032.

Dave Forestell, the Chairman of iGaming Ontario, said that the report proves that the regulated iGaming market in the province “is delivering real benefits to every resident of Ontario, whether they play or not. The igaming industry is a real economic driver in Ontario.”

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Plenty of Jobs With Good Wages

The report also looked at the kind of jobs created by iGaming operators in Ontario and it found that employees in this sector received an average of 103,000 dollars in wages per year, a figure which is 41 percent higher than the average wage across all industries in the province.

Moreover, the industry has increased the demand for highly skilled workers in Ontario as the iGaming employment base relies on people with knowledge of science, technology, engineering and mathematics.

The fact that players moved from gambling on unregulated websites to regulated and licensed ones generated a new revenue stream for the province of Ontario. The report estimates that the provincial government will experience a significant revenue boost from around 470 million dollars last year to no less than 1.4 billion in 2031-2032.


“Report: New iGaming Market Contributes High-Paying Jobs and Strong Economic Benefits to Ontario“,, June 14, 2023.

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