Statistics Canada has published a new report indicating trends in the Canadian gambling industry. The report was compiled using data from the Labour Force Survey and the Survey of National Spending, among other reports focused on gambling. It reveals some insight into current trends that are taking place and an indication of where the industry is headed in the future.
According to the report, profits from government-run lotteries, casinos and betting services have been on the increase since 1992 when they generated just over $2 billion. By 2007, the profits had increased to over $13 billion. Since then, revenue has been about the same, with 2010 generating $13.7 billion. Over the same period of time, revenue for horse betting decreased from $532 million to $315 million.
The report also indicated that land-based casinos continue to contribute one-third of the total gambling revenue for the country. Lotteries account for 27% of the country’s gambling revenue while slot machines outside of casinos and VLTs contribute 21% AND 19% respectively.
When it comes to spending, about 60% of individuals stated that they have spent money on at least one gambling activity. However, men spending double the amount of money than women, spending $615 a year whereas women spend $335. The amount of money spent on gambling was also indicated to increase with household income. Only 45% of households with an income of less than $20 000/year participated in gambling activities (spending $390 annually) while 75% of households with annual income exceeding $80 000 gamble (spending $620).