Ontario’s regulated iGaming market has generated more than CAD$2 billion in revenue for the provincial government since launching two years ago.

In its second year, Ontario’s competitive iGaming market (excluding OLG’s iGaming offering) sustained almost 15,000 full-time equivalent jobs, 2,800 more than the first year, according to a new report from Deloitte.

“Our made-in-Ontario iGaming sector is being recognized internationally for its success as a leader in this space,” said Ontario Attorney General Doug Downey. “Working together with our partners and industry, we will continue to drive innovation and deliver robust player protections, all while displacing the unregulated market.

“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.”

Deloitte’s report shows that total government revenue generated through the iGaming market passed $1.24 billion in the second year, of which $790 million supported provincial government revenue, $75 million supported municipal government revenues, and $380 million supported federal government revenue.

“This report puts Ontario’s iGaming market government revenue contribution at over $2 billion since it launched and with job contribution up by 24 per cent from its first year, the benefits to Ontarians are significant,” said iGaming Ontario board chair Heidi Reinhart.

Ontario’s iGaming market contributed $2.7 billion to Ontario’s GDP in its second year of operation, up from $1.58 billion in the first year.

For every dollar spent by iGaming operations, an estimated $1.40 of GDP was supported in the Ontario economy, up from $1.14 in Year 1.

Ontario’s iGaming market hit or has nearly reached many of Deloitte’s year-five projections in its second year, with government revenue (94 per cent), direct jobs sustained (120 per cent), total full-time jobs sustained (92 per cent), and GDP contributions (93 per cent) outpacing initial expectations.

“Through the development and growth of Ontario’s regulated iGaming market, we’re helping achieve the government’s goals in terms of job creation, innovation and development, while providing a safer experience for consumers,” added iGaming Ontario executive director Martha Otton.

Deloitte’s Economic Contributions of Ontario’s Regulated iGaming Market – Year 2 report is available for download here.