The Quebec Online Gaming Commission has confronted the Quebec government and aired its concern for creating an $11 billion shortfall in tax collection from the online gaming space. In their opinion, Quebec, now having an open market for online gaming, is not squeezing the full potential regarding tax earnings, considering the province is expected to reach the figure of $230 million yearly.
From the latest Canadian gaming news, The tax collected by the Quebec government goes toward the economy, health, and education sectors.
According to spokesperson Nathalie Bergeron, the Minister of Finance was unable to communicate that Alberta’s policy is to be followed by the government in terms of safeguarding the players’ interest and implementing ways of increasing tax collection. She firmly believes Quebec is siding with Loto-Quebec and its monopoly in the sector, going against the interests of the province as a whole.
Quebec introduced the open market formula in 2022 and, in the initial year itself, managed to reach the figure of $523 million in revenue collection from the province and municipal jurisdictions. There was also an addition of $1.6 billion to Ontario’s GDP.
The coalition has proposed that the Minister of Finance relook at Loto-Quebec’s directive of being an absolute monopoly in the online gaming arena. There is also the suggestion that the government should set up a proper regulatory body for the private players.
The coalition has a list of members such as DraftKings and Entertain, along with Flutter Entertainment, Rush Street Gaming, and others.
