There have been a great number of estimates about the size to which this market will grow. Deloitte recently released a report that said that within five years the sports gaming markets could see $28 billion in gross wagering annually.
The impact, as previous witnesses Mr. Hansen from SIGA and Mr. Dias spoke about, on jobs and communities of being able to bring people into gaming facilities would be enhanced food and beverage offerings, expanded entertainment choices and events around that. This is where the industry sees the potential for job creation and sees those impacts, because right now, single-event sports betting is not really creating any economic benefit for Canada. It's not paying salaries. It's not going to government revenues as a lot of the gaming revenue does.
So it's tremendous being able to turn this inward. I spoke to about three businesses, for example, and this is the other side. There are companies that provide goods and services and technology in the gaming and sports betting sector, the gaming sector, that can thrive with this. The reach is wide and diverse, and this is an opportunity to participate legally, to give people the legal options in Canada. It's extremely important to see some of these benefits occur.
As the market grows, there will be significant benefits back to communities through jobs and employment in companies servicing the sports betting sector, beyond marketing partnerships, broadcasters.... There's lots of opportunity for revenue and that economic impact to be felt right across the country.