Gambling and its benefits for Canadian Provinces

Gambling and its Benefits for Canadian Provinces

The Canadian Federal Government is not the one that oversees gambling laws and regulations in every province of the country. Instead, each provincial government has its own laws and regulations pertaining to casinos and gambling.

In many cases the province uses the funds raised from gambling at the casinos for purposes of building the province’s infrastructure. The industry is seen as profit building and does give back to local communities.

While there is not much focus on the negative effects where certain persons may incur an addiction, gambling is seen openly and thus made to operate responsibly which is good for those participating in the industry.

Online Betting and Gambling Revenue

Canada has plenty of world class land based casino resorts that attract many visitors every year. Gambling at land based casinos is not limited but the online industry with regards to sports betting and the use of offshore online casinos does hamper huge revenue for the provincial governments.

Sports betting is quite popular in Canada as it is a sports driven country that has some unique sporting events and some of the world’s most popular sporting events.

Canadian sports betting online athlete celebrates victory

Bettors are not prohibited from betting online but they are somewhat limited to the types of bets they are allowed to place at locally licensed sports betting sites. This means that provincial governments lose out on revenue because bettors are opting for a wider betting variety at offshore sites.

While Canada has it right in that they do use revenue from gambling for bettering the country and the provincial governments do typically own and perhaps operate casinos, the country could be raking in more. The casino industry is a multi-billion CA$ industry that brings in huge profit, which stems from land based casinos, online casinos, as well as Canadian mobile casinos.

mobile casinos in Canada online on a variety of mobile devices including tablets and smartphones

The great loss for Canada with bettors opting for offshore sites is also due to the fact that there is no tax imposed or revenue sharing which means that all money made simply leaves the country.

The Benefits of Casinos and Gambling

Certain locations such as Windsor suffered high unemployment rates and while casinos cannot remedy the problem as a whole, thousands of jobs were created with the opening of major casino resorts such as Caesars Windsor Hotel and Casino Resort.

These establishments not only bring visitors from all over Canada but tourists frequent them too. This essentially creates more jobs and revenue for the local communities as tourists bring in demands for all types of industries.

Canadian online casino and mobile casinos slot machines and Canadian flag

The revenue created from land based casinos is considered immediate revenue which can be used to improve on building, repairing roads, uplifting communities and more. The possibilities are endless.

Online casinos that are licensed locally also make huge profits which are used to give back to the communities. Where there is no revenue with regards to any kind of gambling is a loss which could be remedied if provincial governments changed any restrictions that are present.

Responsible gambling should not come with negative feelings and should be seen as beneficial because of job creation, money raised for communities, attracting visitors and so on.