Alberta state gambling revenues approach income from oil and gas
Residents in the Alberta province of Canada like to gamble, and to a lesser extent enjoy throwing back the odd alcoholic beverage, it appears from recent survey results published by the National Post newspaper this week.
So much so, that revenues from gambling (Cdn$1.3 billion) and alcohol (Cdn$700 million) rival those from energy resources like conventional natural gas and crude oil income.
The newspaper reports that in the current budget year royalties from conventional natural gas are forecast to hit only Cdn$1.9-billion this year – way down from the Cdn6 billion of four years ago.
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