Canada examines impact of gaming on local economy

The gaming association from Canada has unveiled a report that studies the impact of gaming on the economy.

Canada.- The Canadian Gaming Association (CGA) has released the ‘National Economic Benefits of the Canadian Gaming Industry’. The report examines the impact, size and growth of the local gaming industry in Canada’s economy.

The CGA’s study details that gaming win for 2017 totalled US$17.1 billion, including US$1 billion in non-gaming revenue. The gaming industry in Canada also supported more than 182k jobs with an average salary of US$65k in 2017.

“Gaming in Canada continues to grow and is an important employer and provider of meaningful returns to the Canadian economy, balanced with socially responsible measures,” said Paul Burns, president and CEO of Canadian Gaming Association.

The CEO explained that the size and scope of the industry has created a positive economic environment. Canada produces many of the goods and services needed to sustain operations, and a number of Canadian companies are exporting gaming-related products and services internationally.

The association’s report highlights the technological innovations across the Canadian gaming industry. It also talks about consumer preferences for new products and the innovation happening in a competitive market.

“Gaming in Canada has been a success from an economic development, revenue, and employment perspective,” added Burns. “Governments have profited from new tax revenues, local economies have profited from new companies, jobs have been created, and significant capital investment and economic activity have materialised.”