As of April 4th, single-sports betting and gambling will become legal for bettors in Ontario who like to wager online.
Even though this type of betting has officially been legal in Canada since last year, Ontario’s laws limited local sports bettors to wagering only at PROLINE+. However, the betting and gambling market in Ontario is about to go through a drastic change.
Starting April 4th, the online gambling and betting market will become available to local players.
Last summer the government in Canada passed a law allowing bettors to wager on single-game bets, which until that moment was limited to parlays.
It’s also important to mention that all gambling organizations in this country need to be regulated by the government in order to operate within its borders. And thus far, only several operators have been granted permission to go live on April the 4th.
All operators who wanted to enter the Ontario gambling and betting market needed to obtain registration with the AGCO as well as an operating license from iGaming Ontario. Afterwards, the operators who secured the necessary licenses are expected to start a revenue-sharing agreement with the province of Ontario.
Even though AGCO has been working diligently with numerous operators to prepare them for the grand opening of the iGaming market in this province, not all of them will be ready to start operating on April 4th.
However, this isn’t a reason for any concern among operators or bettors. On the contrary. All interested operators will join this market, just some of them will do it sooner and others later. The iGaming market in Ontario will continue to grow as months go by, and local players will get more betting and gambling options with each passing day.
According to online sources, these are the operators that will go live in Ontario at the beginning of April:
- FanDuel Ontario
- BetMGM Ontario
- Rush Street Interactive’s BetRivers brand
- Royal Panda
Most fans of online betting noticed that some important names were missing from this list. For example, operators like BallyBet and DraftKings as well as Caesars and Betway will not launch their platform on the day of the grand “opening”.
But this doesn’t mean that they won’t enter Ontario’s market. As a matter of fact, the launch of these platforms is expected just a couple of days after, which might have been an intentional move on the behalf of these leading brands.
All in all, Ontario’s betting market will most likely have 30 operators offering different betting and gambling options to local players.
Another great change would be in terms of revenue. According to the latest estimates, the new law regarding sports betting will result in a revenue of 28 billion dollars over the course of the next five years.
So, the legalized betting market will provide Ontario bettors a greater choice of operators and safe gaming platforms but at the same time, it will generate revenue that will be beneficial for the entire state.
What is more, sports betting will only be a part of the offer that will be available on these privately owned sites. Ontario players will be able to enjoy a variety of gaming options once these operators go live.
Finally, the new regulations will ensure that players in this province will only have access to brands that have met all the necessary standards that guarantee safe, enjoyable, and entertaining online gambling and betting experience.