Jack Mintz: Are we taxing gambling too much?
Last month, iGaming Ontario announced that gambling wagers from online betting in the province totalled an astounding $9.5 billion in June — almost $7,000 per active player account — yielding $400 million in net revenues that month.
Since 2022, when regulated online gambling was introduced, the government has been more than happy to collect, on average, 20 per cent of gambling revenues for its budget.
That will be close to $1 billion this year if current trends continue.
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