CBC News is doing a series this week on gambling in our province.
Heres the article that kicks it off:
http://www.cbc.ca/canada/calgary/sto...-revenues.html
Heres where you can find the week long series:
http://www.cbc.ca/calgary/features/gambling/index.html
Quote:
Alberta gambling revenue expected to outstrip oilsands royalties
Last Updated: Monday, April 27, 2009 | 8:41 PM MT Comments111Recommend45
CBC News
Oilsands revenue is expected to drop to about $1 billion this year because of the global recession, but gambling revenue will remain steady at about $1.5 billion. (CBC)
Alberta will take in more money from gambling than it will from oilsands royalties, according to provincial budget forecasts for 2009-10.
Oilsands revenue is expected to drop to about $1 billion this year because of the global recession, but gambling revenue will remain steady at about $1.5 billion, according to the forecasts. Charities are expected to directly collect another $325 million from gambling revenue, mostly through volunteering at casinos.
Alberta already raked in the highest amount per capita in gambling revenue among the provinces at $871 for every adult resident in 2007-08, according to the Canadian Gambling Digest. The national average was only $547.
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