British Columbia Lottery Corporation Gives CA$2 billion to Communities
The British Columbia Lottery Corporation continues to support local communities with a contribution of CA$2,2 billion paid out since its inception.
In a recent study conducted by the Thompson Rivers University, it was revealed that the British Columbia Lottery Corporation (BCLC) has managed to pump CA$2,2 billion towards the social and economic development of the Kamloops region. This figure accounts for BCLC’s total community contributions over the past 35 years.
The British Columbia Lottery Corporation’s headquarters are based in Kamloops, where many locals are currently employed. Besides the lottery and draw-based games, which were always highly popular among British Columbians, there has been a steady uptake of online gaming over the past period, primarily due to the various restrictions relating to the ongoing pandemic.
Latest Study from Thompson Rivers University
Peter Tsigaris, an economist at the Thompson Rivers University, conducted a study investigating the impact that the British Columbia Lottery Corporation has had on the region. The study provided valuable insight into the daily operations of the corporation. For instance, the study showed that one full-time job is made available within the community whenever two full-time job positions are opened at the BCLC headquarters.
This all tends to happen with the help of economic spinoffs. In all, the British Columbia Lottery Corporation has generated as many as 667 full-time job positions in Kamloops in 2020. This includes 445 positions at the company headquarters and 222 additional job roles on the community level.
Additionally, some CA$232 million was spent on local services and goods. Local suppliers have benefitted from the continuing support of the corporation and its willingness to back the community of Kamloops. Researchers have concluded that the overall contribution is estimated at around CA$325 million. Over the years, BCLC support for the local economy has always been a key variable of their operational model.
Ongoing Community Support
Additionally, close to CA$2.6 million was poured into various community sponsorships over the past three and a half decades of operations. BCLC also has a Pride committee, which actively partakes in supportive projects for the local LGBTQ2S+ community of Kamloops. One of the primary purposes of the committee is to provide safety for LGBTQ2S+ community members within the structures of the company.