One would think that every state would be on-board with the lottery system for its potential revenue gains; however, even as of 2017, there are 49 U.S States allowing gambling, while Canadian provinces self-govern rules on casinos. We compare these two ginormous markets.
Nobody has been charged with crimes for online gambling in Canada or United States. According to an interesting 2011 CNBC report, Canada is the world’s fourth-largest gambling nation, while the United States didn’t rank within the top ten. Which markets are sustaining, and which market is perhaps putting revenue where it belongs? This is how U.S. and Canadian gaming markets stack up.
Seven U.S states lack formal lottery systems: Alabama, Hawaii, Alaska, Wyoming,Nevada, Mississippi, and Utah in which none of them have immediate plans on putting the lottery into their state laws. Those 43 states currently sponsoring state lotteries earmark those funds for schools, education and other governmental aid programs, raking in billion annually. Interesting fact: 67% of American adults will purchase at least one lottery ticket no less than 16 times this year.
Lotto Max, Canada’s provincially adopted lottery draw, has been incredibly successful to date. With the largest jackpot ever given an estimated CAN100 million, funds are used for similar federal programs. Contrasting both lottery systems, it appears Canada doesn’t need several hundred games to generate required revenues although figures are added to casino revenues.
Canada’s online gaming industry far outweighs the American sites. In fact, one major difference between both markets is the U.S. does not grant states the right to operate online gambling hubs, yet Canadian provinces are self-governed and will license online casinos as often as they please. This interesting fact contributes to why Canada average $528 per player in casino losses, whereas Americans rank outside the Top 12.
All told, U.S. enjoyed $13B in online gambling revenues in 2013, whereas Canada logged roughly CAN16.0b during the same period. This figure should slightly edge towards U.S. game players when PokerStars finishes being overtaken by Amaya as flood gates will undoubtedly open. Moreover, American casino operations are loosely mandated whereas Canadian casinos have more strict mandates to keep game play fair for everyone.
Forget the other 49 states; Las Vegas, easily the largest gambling city worldwide, rakes in more revenues from hotels, casinos and showgirls than any other global establishment. In fact, Reno is another top 10 gambling city worldwide, making Nevada the Sin Center of global casinos. After quickly eyeballing Nevada Gaming Commission’s April report, we found $100 million easily without scrolling too far down their 48-page document. And that’s just one U.S. city.
Apart from two major Ontario casinos and several scattered throughout provinces across Canada, the live casino industry isn’t quite domineering. Still, live casinos still find CAN10b in annual revenue to share amongst 13 provinces. Seems that Lotto Max and the tremendous growth of online casinos in Canada are what provincial governments count on every quarter.
Both Gaming Giants Have British Derivatives
What began as early as 187 B.C. within the Han Dynasty as simply a game of keno has become a legendary game of numbers, multi-million dollar winnings and occasionally broken spirits due to massive bets turning south. In fact, gambling revenues funded The Great Wall centuries ago, and today funds both Canadian and American education systems, provides new roadways, shelters and funds for emergency health care.
When gambling hit Queen Elizabeth I, it’s predicted that well over 200 raffles, lotteries and card games were endorsed thereafter from 1744-1776 in America. Canada’s gambling lineage fares much differently, having banned all forms of gambling in 1892 until 1900 when gambling was permitted at charitable fundraisers only. Finally, Winnipeg built Canada’s first gambling establishment in 1989, making the stagnant economy finally take off.
Today, present-day Canada and U.S. gaming propels areas where economic challenges once ran rampant. They account for roughly 2.4 million jobs together, with millions more ‘accessory’ jobs being created in food, communications, technology and similar sectors. No gamble is considered safe – not even whether or not mobile game play will slice physical labor in coming years. For now, both heavy gambling countries remain poised to collect revenues and continually improving lives for anti-gambling citizens.