Ontario Online Gambling Revenues Spike

Yesterday the Ontario Lottery and Gaming Corporation revealed that online betting revenues were up by 25% for the most recent fiscal year.

Key financial indicators for the fiscal year ending March 31st, 2018 were:

  • Revenues of CAD $7.58 billion, up 5.6% from the year prior
  • Net income up 5.3% to CAD $2.49 billion
  • Lottery revenues up 2.7% to CAD $3.7 billion
  • Land-based casino revenues down 0.8% to CAD $3.55 billion
  • Charitable gaming revenues up 12.4% to CAD $172 million
  • The province's online gaming monopoly site PlayOLG had revenues up 25.2% to CAD $73.1 million
  • Online net income up 37.3% to CAD $37.6 million
  • Active players on PlayOLG were up 23.6%, which is attributed

In the report OLG Chair George Cook said, "In 2017-18, the Ontario Lottery and Gaming Corporation (OLG) accomplished a number of objectives. We moved forward with the modernization of Land-based Gaming, took important steps in our digital evolution, introduced new lottery products and forged new agreements with the horse racing industry and charitable gaming sector - all while continuing to drive strong financial results."

Those interested in reading the report can do so here.

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bgsharpe
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15 October 2018 - 2:53pm
#1

Apparently the gambling authorities in Ontario have done quite a job innovating the ways people do gamble there and the results looks to be really impressive because of that.
I'm just guessing but probably the full limit is still not reached there if they could improve the revenues so drastically just in a year time.

caWaroftheGods
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22 October 2018 - 2:58am
#2
sharpe wrote:

Apparently the gambling authorities in Ontario have done quite a job innovating the ways people do gamble there and the results looks to be really impressive because of that.
I'm just guessing but probably the full limit is still not reached there if they could improve the revenues so drastically just in a year time.

You got that right sharpe, here in Canada we're so passive that anything that gets thrown in front of us, we get addicted to because we would rather just do it and avoid any and all conflict then to rock the boat.
On another note, with the very recent legalization of marijuana in Canada, nobody cares anymore, nobody wants to fight, cause a feud or even get up off their butts to do so lol.
I bet there numbers go down this time around sharpe, all jokes aside now, people will tend to be just a little bit lazier if in fact there are more marijuana smokers or more often.

sharpe

caWaroftheGods
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22 October 2018 - 2:59am
#3

When I use to smoke, over 5 years ago now, you wouldnt catch me doing anything except movies and my Playstation.

sharpe

auCL-Ed
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22 October 2018 - 6:53am
#4

I was just reading about that the other day. I wonder if the decriminalisation of weed will lead to more people smoking, or will the lack of thrill of doing something illegal make it go the other way?

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caWaroftheGods
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22 October 2018 - 7:32am
#5

Just from what I know personally, I know people who just started smoking it or eating these edibles , or both. But I haven't heard of anybody quitting yet lol

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caWaroftheGods
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22 October 2018 - 7:34am
#6

People keep asking me if I'll start again , and no, I couldn't be bothered, I enjoy the energy and motivation I have without it, those 2 things were practically nonexistent when I use to smoke way back when.

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bgsharpe
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22 October 2018 - 6:35pm
#7

Didn't even knew about it, correct me if I'm wrong but the Netherlands had been they only state where the joint was in fact legal before that.
I've been a light occasional weed smoker for the good part of at least a decade of my life but I'm more of an alcohol type of person Beer to be honest, although sometimes the collaboration between both substantiates have assured some of the most forgettable moments in my life Smile But not any more.
So generally I think I understand WaroftheGods when he says he don't need that s**t any more.

But to the Ed's question, I think the legalization would generally increase the consumption and the number of people who smoke...don't know if I'm right though.

bgsharpe
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22 October 2018 - 6:38pm
#8

Which reminded me of something, we could probably have an addiction thread here, it could be weird or even hilarious to what people could be addicted to these days.

zaLambino
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23 October 2018 - 4:37pm
#9

The magic Herb was finally legalized here in South Africa Cigarette and it's about time as South we have way more serious issues to sort out first

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