BCLC lists Kelowna organizations that benefited from gaming funds in 2024

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kenmagly
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Re: BCLC lists Kelowna organizations that benefited from gaming funds in 2024

Post by kenmagly »

Study finds :Kelowna residence loose more than 4 million dollars last year due to gambling addiction.
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GordonH
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Re: BCLC lists Kelowna organizations that benefited from gaming funds in 2024

Post by GordonH »

kenmagly wrote: Mar 23rd, 2025, 7:35 am Study finds :Kelowna residence loose more than 4 million dollars last year due to gambling addiction.
If people don’t know their limit then they shouldn’t be gambling.
Seek out Gamblers Anonymous Kelowna.
Jim2020
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Re: BCLC lists Kelowna organizations that benefited from gaming funds in 2024

Post by Jim2020 »

The article says "BCLC generated $1.5 Billion in net income for the Province of which $1 Billion went to public programs and services". Where does the other $500 million go? No explanation offered for half a billion dollars in net income.
eldonte
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Re: BCLC lists Kelowna organizations that benefited from gaming funds in 2024

Post by eldonte »

The lottery and gambling is tax on the poor. Someone wins big, everyone else willingly throws their money at a pipe dream.
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jfrankbc
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Re: BCLC lists Kelowna organizations that benefited from gaming funds in 2024

Post by jfrankbc »

What happened to the other half billion?
forumdoug
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Re: BCLC lists Kelowna organizations that benefited from gaming funds in 2024

Post by forumdoug »

The sad thing is many of those as-yet-to-be self-identified problem gamblers that lost over $4 million in Kelowna will need to access the Central Okanagan Food Bank Society services. To what extent are we ahead, as a society?
forumdoug
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Re: BCLC lists Kelowna organizations that benefited from gaming funds in 2024

Post by forumdoug »

jfrankbc wrote: Mar 23rd, 2025, 10:16 am What happened to the other half billion?
The article is a bit misleading / poorly explained. $1 billion of the $1.5 billion in BCLC net income goes to general government revenues (i.e., Consolidated Revenue Fund). $500 million is allocated to various funds, such as the fund for payments to host municipalities, the aforementioned community gaming grants, etc.

From page 2 of the 2023-24 Community Impact Report:

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one wheel
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Re: BCLC lists Kelowna organizations that benefited from gaming funds in 2024

Post by one wheel »

I wish Casinos had never been built because of the problems they cause.
How many people in Kelowna know of at least 4 family members or friends who have lost tremendous amounts of money due to their gambling addiction ?
Gambling causes way more problems than benefits to a community.

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