Close to 1,300 jobs are expected to be created in Ontario thanks to the upcoming launch of the province’s igaming market, according to a report by PlayCanada.
PlayCanada, which tracks the Canadian gaming market, conducted its research by compiling data and other information from industry insiders, hiring professionals, and economic experts, as well as creating a detailed analysis of job listings in comparable jurisdictions.
The report notes that when Ontario online operators go live on April 4 with sports betting and casino gaming, it will not take jobs away from land-based casinos.
Chief co-author of the report and Managing Editor of PlayCanada, Robyn McNeil, stated: “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.”
The PlayCanada report also explored what jobs are available today in the gaming industry and how well those jobs pay.
The research team discovered that not only will 1,295 jobs be created thanks to online gaming, but many of those roles should also be high-quality with above-average salaries.
In total, 2,600 jobs are expected to be created in Canada due to online gaming’s expansion across the nation.
“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,” added Dustin Gouker, who oversees the Play network of sites that includes PlayCanada.com.
“Ultimately, the benefit of regulated, private online gambling operators to the economy will be tangible.”
The full PlayCanada report can be viewed here.