We all know of the negative effects gambling can have on individuals and on society. However in our ceaseless quest to bring you the most relevant and interesting information, we would like to share how revenue from gambling in British Columbia is used to support community organizations. While most of the data was available from the province’s website, there were some inconsistencies that needed to be addressed as well as some organizing of the data before we could analyze it.
The BC Lottery Corporation
The BC Lottery Corporation conducts, manages and operates most commercial gaming in the province including casinos, lotteries, commercial bingo halls and community gaming centres. For the 2010/11 fiscal year, total revenue from commercial gaming in BC was $2.68 billion. After expenses, including prize payouts, total revenue to the government from gaming was $1.1 billion. Of this amount, about 60% is deposited into the province’s Consolidated Revenue Fund and the rest is allocated across various programs, communities and sectors of the economy.
How Gaming Benefits Community Organizations
We found two ways in which community organizations benefit directly from the gaming industry:
Community organizations gain revenue by conducting independent gaming events.
Community organizations receive provincial grants.
Of the government’s revenue from the gaming industry, approximately $135 million is distributed to community organizations each year. Grants distributed by the government account for 80% of total gaming revenue for charities, and earnings from independent gaming events represent the other 20%. Combining both grants and independent earnings, community organizations received $168.8 million in revenue from the gaming industry last year.
How is Revenue from Independent Gaming Activities Earned?
The distribution of revenue earned independently by community organizations from various gaming activities is illustrated below. Independent gaming activities include ticket raffles, which account for 89% of revenue, as well […]