Nearly 1300 jobs will be added in Ontario as a result of the impending launch of private online gambling operators, according to a new report published by PlayCanada. The report offers strong evidence that online gaming does not cannibalize jobs from land-based casinos.
“We have found by looking globally that online cannibalization is largely a myth, often propagated by brick-and-mortar casino operators understandably concerned that online gaming will eat into their profits. The truth is that online casinos and sportsbooks often act as a tide that lifts all boats, expanding the market to the benefit of all industry stakeholders,” Robyn McNeil, managing editor of PlayCanada.com and chief co-author of the report, said.
To prepare the report, PlayCanada.com compiled data and other information from industry insiders, hiring professionals, and economic experts. It includes detailed research of job listings in comparable jurisdictions.
“Land-based casino operators will have to adjust, but the introduction of private online gambling operators should be a net benefit for Ontario and beyond. Ultimately, the benefit of regulated, private online gambling operators to the economy will be tangible,” said Dustin Gouker, who oversees the Play network of sites that includes PlayCanada.com.
Ontario is scheduled to be the first province to welcome private online gambling operators when online sports betting and casinos launch on April 4. Other provinces are expected to follow suit.