Ontario residents generated $2.2 billion for online gaming platforms in the sector’s second fiscal year since legalization. But some say marketing for the platforms should be restricted or banned altogether.
Despite its success, some say Ontario's online gambling industry is spiking betting addictionsIn the three years since it's been legalized, Ontario's online gambling industry has "surpassed" expectations, generating thousands of jobs and billions of dollars in revenue. But as CBC's Tyler Cheese explains, some experts say the sector is putting the public at risk.
iGaming Ontario reports Ontario residents wagered almost $63.3 billion and generated $2.2 billion in total gaming revenue in the 2023-2024 fiscal year. "The second full year of legalized sports betting contributed something like 15,000 jobs and … $2.7 billion to Ontario's GDP," he said."That was only the second year. Like, that's just going to get bigger and bigger," O'Brien said.
Last year, the AGCO also banned the use of professional athletes and restricted the use of celebrities that appeal to minors in online gambling advertising.Bruce Kidd, co-chair of the Ban Ads for Gambling campaign, says there's too much marketing of online gambling services, putting minors at risk. When it comes to the sector's direct impact on the public, he looked at the amount of calls CAMH has received related to problem gambling.
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