Impact of online gaming in France and Canada – Reuters

The online gambling sector is economically important. On the whole, we may think that this is more beneficial than harmful for the economy, even if we should never avoid dependence, which requires a strong response from the state and institutions.

When an online casino connects to a land-based casino

Land-based casinos are already generating significant profits, developing the local tourism industry, improving employment opportunities, increasing revenues for communities and the surrounding secondary market.

It is now possible to play online thanks to Live Casino, which allows you to connect in front of the dealer without paying any transport costs!

By attracting several million players, it generates significant turnover and finances tens of thousands of jobs, directly and indirectly, thanks to the digital economy.

Impact of Covid on the gaming sector

In 2021, the sector’s turnover increased by 7% compared to 2020 and reached 10.7 billion euros.

These are not just games on the Internet (sports betting and horse racing, poker from 15 operators). La Française des jeux and PMU offers are sold at physical points of sale. At least 235 hippodromes, 202 casinos are in the hands of 4 “leadership” groups. Separately, it is worth noting the existence of 7 Parisian gambling clubs.

Online sports, horse racing and poker betting achieved “historic results” in 2020, with the online gaming sector’s annual turnover jumping 22% to 1.74 billion euros (ANJ).

A market that knows no crisis

Bets placed in 2020 on sports events reached 5.3 billion euros, “the largest amount of bets generated in a year since the opening of the competition in 2010”.

The number of sports bettors continues to grow, with more than one million more than in 2019. Now there are 4.4 million.

Online poker wins a bet with a turnover that flies into 446 million euros (+ 64%). “The peak in activity owes a lot to the impact of containment measures.”

Permanent source of tax revenue

Gambling is the source of 4.7 billion euros in annual tax revenue for all government bodies.

Thus, online games bring the state and Française des jeux 1.4 billion euros a year, and approximately 202 French casinos generate €3.3 billion in revenue.

SOS addiction

The search for new tax revenues led to the expansion of the slot machine park, the development of gambling in the 1990s France. Armel Achur, founder of the SOS Players Association, said two-thirds of requests for help involved these machines.

Gambling tends to affect the least financially capable gamblers and reinforces the underlying economic disparity that is often the cause of the act of gambling being perceived by gamblers as an “alternative way to ‘get rich'”. Therefore, organizations must strengthen their responsible policies and prevent excesses in this area.

The gaming industry creates many beneficiaries, including local communities, some of which seem to be increasingly dependent on casino tax revenue.

Games explosion in Canada

With several million players, the gaming market generates a significant turnover (37 billion) and finances tens of thousands of direct and indirect jobs.

Among the games, mobile slot machines on Canada the most popular games in the country such as blackjack.

The success of online gaming sites even benefits land-based casinos.

Thanks to the advent of 5G in Canada, it is now possible to play smoothly. This helps to increase the number of players in the country. In addition, the development of VR (virtual reality) gives players the opportunity to enjoy a unique experience.

The main revolution in this sector is related to the blockchain system for BTC and other cryptocurrencies. Increasingly widespread, until the recent market skew, they allow players to enjoy a safe, secure, secure and completely private payment method.

Dynamics of the digital economy

The gaming industry in France, as in Canada, is expanding its participation in the global economy of developed countries, with a more regulated structure and care for the most vulnerable, through responsible gaming.

Similar phenomena are also observed in developing countries, in particular thanks to the fantastic digital economy incubator that he represents, where resources were lacking.