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TRU study details BCLC’s economic impact in Kamloops

A Thompson Rivers University study released on Oct. 12 estimates that, over the past 35 years, BC Lottery Corporation activities have contributed $2.2 billion to the economic and social development of Kamloops, where its head office is located
BCLC
The B.C. Lottery Corporation headquarters are in downtown Kamloops, at 74 Seymour St. W.

A Thompson Rivers University study released on Tuesday estimates that, over the past 35 years, BC Lottery Corporation activities have contributed $2.2 billion to the economic and social development of Kamloops, where its head office is located.

Conducted by Dr. Peter Tsigaris, an economist at TRU, the study also found that for every two full-time jobs at BCLC’s Kamloops office, one full-time job is created in the community, based on economic spinoffs.

The study estimated that BCLC’s total employment impact in Kamloops in the 2019-2020 fiscal year was 667 full-time jobs, including 445 BCLC jobs and an additional 222 positions in the community.

The TRU study noted that in the past 35 years, BCLC has spent $232 million on local goods and services from Kamloops suppliers.

Applying an economic impact multiplier of 1.4, the study estimated that, in total, BCLC has contributed approximately $324.9 million to the local economy in Kamloops.

The study also noted that BCLC provided $2.6 million in community sponsorships over the past 35 years, for a total social impact of $6.2 million — equivalent to $62 per person living in Kamloops.

The study also noted BCLC’s head office is the seventh-largest employer in Kamloops, with the 445 full-time jobs resulting in an additional 222 indirect full-time equivalent employees in Kamloops from economic spinoffs, for a total of 667 full-time equivalent positions.

(Tsigaris applied an employment multiplier of 1.5 to account for indirect jobs.)

The study noted BCLC’s Kamloops head office has experienced a 22 per cent increase in full-time equivalent staff since the 2014-2015 fiscal year.

BCLC employed 117 full-time equivalent employees at its Kamloops office in 1985 and 473 in 2020, for a 4.1 per cent average annual rate of growth.

In addition, Gateway Casinos and Entertainment Limited, which is BCLC’s service provider for Cascades Casino and Chances Kamloops, is amongst the top 10 largest employers in Kamloops.

The study also found the average BCLC employee in Kamloops volunteers approximately 45 hours annually, with a 35-year cumulative social impact estimated at $32.2 million.

Combined, employees have donated almost $4 million to local charities since 1985.