Update On Ontario’s Online Gambling Market

By Ben Hamill - November 25 2021

Update On Ontario’s Online Gambling Market

The Ontario online gambling market is on the brink of opening. Currently, numerous global operators are waiting to get the go ahead, eager to get busy and start offering their services. With single event betting having recently been legalized across the country, the money-making opportunities are more prevalent than ever. To put it simply; local online gambling is about to be taken to a whole new level.

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But it is still a few months before the floodgates are due to be opened. CEO of the Canadian Gaming Association (CGA,) Paul Burns, is asking for patience. He made a statement that the market should officially be opened in the first quarter of 2022, but also insisted that it is a situation that cannot be rushed.

Single Event Betting Unleashed

It was at the end of August that single event betting was officially legalized. Though so far only provincial agencies have been allowed to offer the service to locals, including the British Columbia Lottery Corporation (BCLC) and Ontario Lottery and Gaming (OLG.) This has given the organizations some time to put down roots, giving them a head start.

BetMGM, PointsBet Canada, Draft Kings and FanDuel, meanwhile, have yet to get the official go ahead. It need not be said that the online gambling companies are eager to get started, with most already being in a position to accept customers immediately. But the frustration has only been mounting as the CGA has yet to even give an official date.

Although Burns has insisted that the first quarter of 2022 is the likely timeframe, he has avoided mentioning any month in particular. But he has also assured that everyone involved is doing their best to make the transition as smooth as possible.

Doing Their Best

The Alcohol and Gaming Commission Of Ontario (AGCO) and iGaming Ontario are the organizations officially assigned with regulating the new market. iGaming Ontario was specifically created for the purpose and has so far been handling the situation smoothly. Both have insisted that they are doing their best to speed things along.

But even as online gambling moves to take advantage of single event betting, land-based establishments are doing the same. The OLG’s Tony Bitonti, responsible for regulating land-based gambling venues, has declared that he is making plans of his own. He has been looking into an integration between sportsbook and land-based venues.

All in all, land based and online gambling in Ontario looks to have a very bright future.