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An analysis of job growth since the legalisation of online gambling in Ontario

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Ontario’s decision to legalise online gambling betting has reaped remarkable economic rewards. As per a comprehensive study by IGaming Ontario, the province saw a surge in gaming revenues and a substantial contribution to its GDP. This growth, paired with substantial job creation, underscores the strategic success and promise of Ontario’s regulated gaming market.

The Economical Impact of Ontario Sports Betting and Job Creation

In its inaugural year, Ontario’s legalised single-game sports betting yielded significant economic advantages. A report by iGaming Ontario, backed by Deloitte, highlighted gaming revenues of $1.48 billion, directly contributing $1.58 billion to the province’s GDP. Every dollar from iGaming operations bolstered about $1.14 billion of Ontario’s GDP. The endeavour also enriched federal, provincial, and municipal coffers by $238 million, $469 million, and $54 million, respectively. Furthermore, the industry created 12,000 jobs, expected to nearly double by year five.

The legalisation of sports betting in Ontario has had a notable impact on job creation. Based on the report from iGaming Ontario, in just its first year of operation, the industry has supported 12,207 jobs. The quality of these positions is also evident, with employees earning an average salary of $103,000 annually. Moreover, the industry’s growth potential is apparent, as projections indicate that job numbers will nearly double, reaching 22,132 by the fifth year of operation.

The Biggest Players

In Ontario, several major gambling firms have carved out significant market shares since the legalisation of online gambling. These giants have spearheaded the industry’s meteoric rise, with substantial gaming revenues reported in their inaugural years. Their presence, marked by numerous operators and gaming sites, has led to billions in GDP contribution. Their influence not only promotes economic growth but also sets standards for responsible and competitive gambling in the region. Here are some of the biggest names.

Casumo (Pre Play Limited)

Established in 2012, Casumo, under Pre Play Limited, surged to popularity with its playful design and extensive game portfolio. Led by CEO Shelly Suter-Hadad, this platform integrates a user-friendly interface, diverse casino games, and sports betting options. Known for its innovative “Adventure” loyalty scheme and commitment to responsible gambling, Casumo seamlessly balances entertainment and safety. With a global presence and many loyal patrons, many say this is the best online casino for Ontario-based players.

Pointsbet (Pointsbet Canada Operations 1 Inc.)

Emerging in 2017 in Australia, Pointsbet entered the Canadian market with a bang, operating under Pointsbet Canada Operations 1 Inc. Spearheaded by CEO Sam Swanell, it’s acclaimed for its unique “PointsBetting” system, allowing variable winnings on bets. This innovative approach, combined with diverse sportsbook and casino offerings, differentiates Pointsbet. This platform is definitely a prime candidate to occupy the attention of gamblers who don’t have plans for Thanksgiving.

Pinnacle – Pinny (Ontario) Limited

Pinnacle, a veteran since 1998, operates in Ontario as Pinny through Pinny (Ontario) Limited. Renowned for offering sharp odds and high betting limits, Pinnacle appeals to both seasoned and amateur gamblers. CEO Paris Smith has maintained the brand’s ethos of transparency and integrity. With a low-margin pricing model and a commitment to educating bettors, Pinnacle stands as a benchmark in the online betting world and a favoured place to bet on the MLB.

LeoVegas (LeoVegas Gaming PLC)bet on the Big Leagues

Leovegas

LeoVegas, birthed in 2011 and managed by LeoVegas Gaming PLC, rose to fame as the “King of Mobile Casino.” With Gustaf Hagman’s leadership, it prioritises a top-tier mobile gaming experience. Boasting an expansive game library and multiple awards, LeoVegas has constantly innovated, especially in the mobile gaming sector. Their dedication to user experience, technological advancements, and responsible gambling ensures players receive a premier gaming journey, whether on desktop or mobile.

TonyBet (Ligtip Limited)

TonyBet, the brainchild of poker professional Antanas Guoga (Tony G) in 2009, offers a harmonious blend of casino excitement and sports betting thrill. Managed by Ligtip Limited, the platform provides a diverse gaming experience, encompassing everything from poker rooms to live sports events. Transparency, fair play, and a keen focus on customer service are cornerstones of TonyBet’s operations, making it a trustworthy and engaging platform for gaming aficionados.

BetRivers (Rush Street Interactive Canada, ULC)

Operated by Rush Street Interactive Canada, ULC, BetRivers has made significant strides in the realms of casino gaming and sports betting. Richard Schwartz, as the driving force behind the brand, emphasises a user-centric approach, ensuring a smooth and immersive betting experience. With a diverse game library, extensive sportsbook, and a robust commitment to responsible gambling, BetRivers ensures both entertainment and safety for its patrons, setting high standards in the online gaming world.

If you gamble, please gamble responsibly.

Other articles from totimes.ca – otttimes.ca – mtltimes.ca

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