Canada's Gambling Industry Won $13.4B From Bettors Last YearRevenue Grows Five Percent Year-Over-Year |
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Canada’s gambling market posted a strong performance in 2017.
According to Fantini Gaming Research, gambling revenues for the country grew five percent last year to C$17.3 billion ($13.5 billion USD). The gambling spend includes winnings from brick-and-mortar casinos, the lottery, internet gambling and charitable gaming. Toronto accounted for a whopping 43 percent of Canada’s gambling revenue last year.
The data was first reported by CDC Gaming Reports.
How does the $13.5 billion compare to gaming revenues in Canada’s neighbor to the south? In America, the commercial casino industry, which includes Las Vegas, wins north of $40 billion annually. Tribal casinos, which dominate the gambling markets in states like California and Florida, win about $30 billion each year. State lotteries in America generate more than $80 billion per year.
In other words, America’s gambling market dwarfs Canada’s.
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