Story perspectives
Online Gambling Surge Threatens Canadian Families' Finances
1/22/2025
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Story summary
- The rise of online gambling in Canada post-COVID-19 jeopardizes long-term financial stability for many families.
- Retirees are particularly vulnerable to gambling debts incurred by younger relatives.
- Ontario experienced a 31.7% surge in online gambling wagers, reaching $72 billion, with losses amounting to $2.8 billion.
- Experts advocate for stricter gambling regulations, but government dependence on gambling revenue hinders reform efforts.
