Online Casino Style: News - Gambling Plateaus out in Canada

09/13/2010		Online Casino Style - News: Gambling Plateaus Out in Canada
Home History Games News Dictionary		Some interesting final statistics have become available out of Canada, where apparently the gambling rates have stayed constant in the last two years, in spite of improvements made in the worldwide economies. The statistics published to the press this week, and now filling in the online gambling news sites show that the net revenue generated by the government run lotteries, video lotteries, casino and even slot machines throughout the nation totaled to Cdn $13.75 billion, very close to the same amount that was generated during the previous fiscal year. The numbers were released courtesy of Statistics Canada just this week, with internet gambling on the horizon to change the game completely for the years to come. In 2007, the gambling industry began to plateau out, hitting $13.7 billion, a range of profits that have stayed constant ever since. But the future holds quite a different world, with some wondering if the revenue will go up with the legalization of online gambling in numerous provinces in Canada, or whether the sources will just move around. For the 2009/2010 year, casino action accounted for 34 percent of the monies coming in, while lotteries took up 26 percent. Video lottery terminals made 19 percent of the revenue while slot machines (mostly located outside of land-based casinos) took up the remaining 21 percent. While the total revenue generated came out to about the same as it was in 2008, the numbers do show that more people spent money on gambling activities, with Statistics Canada saying that more than half (51 percent) of the households that made $20,000 or less gambled more this past year, with the average jumping to $395 a year. For higher incomes, those making $80,000 or more, 78 percent of them gambled, with the average spent on the activity up to $555.

09/13/2010

Online Casino Style - News:
Gambling Plateaus Out in Canada

Some interesting final statistics have become available out of Canada, where apparently the gambling rates have stayed constant in the last two years, in spite of improvements made in the worldwide economies. The statistics published to the press this week, and now filling in the online gambling news sites show that the net revenue generated by the government run lotteries, video lotteries, casino and even slot machines throughout the nation totaled to Cdn $13.75 billion, very close to the same amount that was generated during the previous fiscal year.

The numbers were released courtesy of Statistics Canada just this week, with internet gambling on the horizon to change the game completely for the years to come. In 2007, the gambling industry began to plateau out, hitting $13.7 billion, a range of profits that have stayed constant ever since. But the future holds quite a different world, with some wondering if the revenue will go up with the legalization of online gambling in numerous provinces in Canada, or whether the sources will just move around. For the 2009/2010 year, casino action accounted for 34 percent of the monies coming in, while lotteries took up 26 percent. Video lottery terminals made 19 percent of the revenue while slot machines (mostly located outside of land-based casinos) took up the remaining 21 percent.

While the total revenue generated came out to about the same as it was in 2008, the numbers do show that more people spent money on gambling activities, with Statistics Canada saying that more than half (51 percent) of the households that made $20,000 or less gambled more this past year, with the average jumping to $395 a year. For higher incomes, those making $80,000 or more, 78 percent of them gambled, with the average spent on the activity up to $555.