Some big changes are being made to the market in Ontario in 2022. Those that love to place bets on sports will benefit from these exciting changes and will have more chances to place bets. Since 2021, single-game sports betting has been legal. A recent announcement from the Alcohol Gaming Commission of Ontario will soon allow for private sports betting companies to enter the market in April of this year!
iGaming Ontario, which is a subsidiary of the Alcohol Gaming Commission of Ontario will be partnering with the local government to manage a new iGaming market. Operators who have completed a registration process will be able to offer sites that provide more sports betting options and action.
The State of Betting in Ontario
Sports betting has already been legalized in Ontario with an amendment to Bill C-218. In August of 2021, single-game betting was legalized. However, it was only offered at a single site, ProLine+. Prior to this, punters in Ontario were able to legally bet on sports, but bets were limited to horse racing events only.
Now, with new regulations, large companies are able to enter the market and provide bettors in Ontario with a huge offering of sports bets. Major brands like FanDuel, BetMGM, and DraftKings are slated to launch betting sites in April. This will open the doors for some major financial gains as Ontario as well as operators will have an opportunity to generate massive streams of revenue.
Experts predict that as much as $570 million in revenue will be generated with the launch of these betting sites.
Get Ready for a Better Betting Experience
With new regulations, the online sportsbooks that will be entering the market will be closely monitored and licensed (list of the best betting sites in Ontario). These sites will enhance player protection for online bettors and will provide secure ways to conduct transactions. With the most trusted brands planning to enter the Ontario market, bettors will have a safe and secure way to engage in real money betting while knowing that all information is protected.
When these new sites do launch, members can easily complete a secure sign u process. All details entered will be stored in a secure server. Once an account has been established, members have the legal ability to place all types of bets on the most popular sports and leagues in Canada. With options for NHL, NBA, NFL, and more, the score of sports betting will change completely.
As the launch date of April 4 grows near, thousands in Ontario are eagerly awaiting access to some of the most popular websites in the world. These changes in betting laws will provide a way for Ontario residents to safely place bets while generating much needed revenue for the province.