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Really? That's an incredible number to me. 10% of all household spending goes to gambling?! 31,000 dollars per player *per year*? The mind boggles.
by 542458 16d ago
Really? That's an incredible number to me. 10% of all household spending goes to gambling?! 31,000 dollars per player *per year*? The mind boggles.
- pennomi 16d agoBy transaction volume yes. Presumably it’s not all spending though, if you regularly win back some of that money. The same dollar is probably wagered multiple times before it is lost.
- 542458 16d agoOntario lotteries pay out about 58 cents per dollar in, so that's still $13,000 annually out-of-pocket for a total spend of $31,000. That's crazy money.
- dmurray 16d agoSportsbooks typically pay back more like 90%, brick and mortar casinos 90%-99% depending on the game. I don't know what Ontario mandates for regulated online casinos, but I'd guess they're at the high end of that and focus on volume, return custom and dark patterns rather than extreme house edge. If it's 98%, the average household loses 0.2% of their income gambling.
- tonyarkles 16d agohttps://igamingontario.ca/en/news/igaming-ontario-posts-steady-growth-market-matures-year-3 https://igamingontario.ca/en/news/igaming-ontario-posts-stea... $3.2B revenue, 2.6M player accounts, ~$1230/yr ~= $100/month
- deleted 16d ago[deleted]