PROVINCE MAKES RECORD $2.5B FROM GAMBLING

Oct 11, 2018

By Bob Komsic

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Casinos, slots and online gambling all helped fill the provincial government’s coffers to the tune of nearly $2.5-billion in the 2017-18 fiscal year.
That’s an increase of more than 5% from the previous year.
Ontario Lottery and Gaming says most of the money came from its 25 casino and slot facilities.
Their profit hit $1.8-billion, up 7.6% over 2016-17.
Nearly 38-million visits were made to casinos last year with the average visitor leaving with $101 less than when they walked in.
Internet gaming platform PlayOLG brought in $37.6-million – an increase of 37% but is still a fraction of what casinos and slot facilities produce.
Proceeds from lotteries were just over $1-billion, down 1%.
While there were higher revenues from scratch cards, they were lower from tickets such as Lotto Max.
”Gaming is changing not only in Ontario but around the world,” says OLG’s annual report.
”Choice and convenience expand every day.  OLG needs to keep up with that change and anticipate where that market is going.”
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