{"id":4891,"date":"2024-07-08T10:18:27","date_gmt":"2024-07-08T14:18:27","guid":{"rendered":"https:\/\/bestsportsbettingcanada.ca\/?p=4891"},"modified":"2024-07-08T10:18:27","modified_gmt":"2024-07-08T14:18:27","slug":"deloitte-study-finds-ontario-online-sports-betting-market-has-created-15000-jobs","status":"publish","type":"post","link":"https:\/\/bestsportsbettingcanada.ca\/blog\/2024\/07\/08\/deloitte-study-finds-ontario-online-sports-betting-market-has-created-15000-jobs\/","title":{"rendered":"Deloitte Study Finds Ontario Online Sports Betting Market Has Created 15,000 Jobs"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Deloitte is a company that provides audit, consulting, and tax advisory services. Recently, a Deloitte study showed that the Ontario-regulated online casino industry positively impacted the province\u2019s economy. Mostly job creation and government revenue. This showed what an online market in New York could bring to the state and its residents. Since Ontario launched its iGaming market in April 2022, they\u2019ve accounted for 14,935 full-time employees and $1.24 billion in new government revenue.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">There has been recent momentum for online casinos in New York, but several factors still stand in the way. Senator Joseph Addabbo filed a bill to legalize NY online casinos in 2024. However, that was met with opposition from the New York Hotel and Gaming Trade Council (HTC). The HTC said they could not support a bill that would cannibalize jobs in the industry. This directly contradicts the data from Deloitte and the Ontario market.<\/span><\/p>\n<h2><b>How did Ontario\u2019s online betting market help sustain the industry? <\/b><\/h2>\n<p><span style=\"font-weight: 400\">In the first year of Ontario\u2019s online betting market, they sustained just over 12,000 jobs. Two years into the market being legal, Ontario has now helped create 14,935 iGaming jobs in Ontario, a 23.7% increase. Additionally, online casinos contributed $2.7 billion to Ontario\u2019s GDP in year two. Ontario Attorney General Doug Downey had this to say. <\/span><\/p>\n<blockquote><p><em>&#8220;<span style=\"font-weight: 400\">Our made-in-Ontario igaming sector is being recognized internationally for its success as a leader in this space. \u2026 Our igaming sector is not only a job creator here in Ontario but it shows the world our ongoing commitment to building a sustainable and responsible igaming industry.\u201d &#8211; Doug Downey <\/span><\/em><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">New York had a larger population than Ontario and that puts them in a position to be highly successful. In 2023, NY had a GDP of $1.78 trillion which was third behind Texas and California. When New York finally opens their online betting market, the state will have unseen levels of revenue. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deloitte is a company that provides audit, consulting, and tax advisory services. Recently, a Deloitte study showed that the Ontario-regulated online casino industry positively impacted the province\u2019s economy. Mostly job creation and government revenue. This showed what an online market in New York could bring to the state and its residents. Since Ontario launched its &hellip; <\/p>\n","protected":false},"author":55,"featured_media":4893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-4891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sports-betting"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Deloitte Study Finds Ontario Online Sports Betting Market Has Created 15,000 Jobs<\/title>\n<meta name=\"description\" content=\"When New York finally opens their online sports betting market, they have the chance to blow Onatario\u2019s revenue out of the water.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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