Impact of online games in France and Canada – Reuters

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The online gambling industry is economically important. Even if we should never get rid of the dependency that requires definitive answers from the state and institutions, we can generally consider it beneficial rather than harmful to the economy.

When online casino connects to land based casino

Land-based casinos are already generating substantial profits by developing a local tourism industry, providing better employment opportunities, higher revenues for communities and the surrounding secondary market.

Playing online is now possible thanks to the Live Casino, which allows you to connect in front of a dealer without paying travel expenses!

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

The effect of Covid on the game industry

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

Not just online games (sports and horse betting, poker offered by 15 operators). La Française des jeux and PMU offerings are sold at physical outlets. At least 235 racetracks and 202 casinos operate in the hands of 4 “leading” groups. We should also note the existence of 7 Paris gambling clubs.

Betting on online sports, horse racing and poker achieved “historic performance” in 2020, causing the annual turnover of the online gaming industry to increase by 22% to reach €1.74 billion (ANJ).

The market that does not know the crisis

In 2020, bets on sports events reached €5.3 billion, “the highest amount of bets produced in a year since the competition opened in 2010”.

The population of sports bettors continues to increase with over a million additional players compared to 2019. They have now reached 4.4 million.

Online poker wins with a flying turnover 446 million euros (+ 64%). “The peak of the event owes much to the impact of containment measures”.

A fixed source of tax revenue

Gambling is the source of annual tax revenue of 4.7 billion euros for all public administrations.

Online games thus bring in 1.4 billion euros per year for the State and Française des jeux, and approximately 202 french casinos It will generate revenue of 3.3 billion euros.

SOS dependencies

The search for new tax revenues led to the expansion of the slot machine park and the development of gambling addiction in the 1990s. The first expert practitioners of gambling addiction began to sound the alarm bell in the late 1990s. Negative consequences began to emerge in France regarding the practice of gambling as a public issue. Armelle Achour, founder of the SOS gamers association, explained that two-thirds of requests for help relate to these machines.

Gambling addiction mainly affects the least financially able players and reinforces the initial economic inequalities that are often the cause of the gambling act and are perceived by players as “an alternative means of ‘enrichment’. Organizations should therefore strengthen their responsible policies and the prevention of excesses in this area.

The gaming industry is creating many beneficiaries, including local communities, some of whom seem increasingly dependent on tax revenues from casinos.

Gaming boom in Canada

Thanks to 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 Canada are the most popular games in the country, such as blackjack.

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

It’s now possible to play fluently, thanks to the emergence of 5G in Canada. This helps increase the number of players in the country. Apart from that, the advancement of VR (virtual reality) offers players the opportunity to enjoy unique sensations.

The biggest revolution in the industry comes from the blockchain system for BTC and other cryptocurrencies. Increasingly common until a recent twist of the markets, these allow players to take advantage of a payment option that is safe, reliable, secure and offers complete privacy.

Dynamics of the digital economy

In France, as in Canada, the gaming industry enhances the participation of developed countries in the global economy in relation to the most vulnerable people, on the condition of a more streamlined framework and through responsible gaming.

Similar phenomena are observed in developing countries, especially thanks to the fantastic digital economy incubator it represents.