After a lengthy anticipation, the day has finally come: the regulated betting scene is now live.Ontario sports betting is now fully open for business.
OperatorsPointsBet Canada Companies like theScore Bet, Coolbet Canada, FanDuel Ontario, BetMGM Ontario, and BetRivers shared exciting news on their social media platforms and via email early Monday morning about their launch.
"Today marks an incredible milestone for sports enthusiasts in Ontario! I am delighted to represent the PointsBet Canada team in expressing our excitement over the official launch of the sports wagering market in the province,\" said Scott Vanderwel, CEO of PointsBet Canada, in a press release. \"Just 50 seconds past midnight ET, PointsBet Canada made history by placing one of the first legal bets, which happened to be a $500 two-leg parlay on UNC defeating Kansas and the Toronto Maple Leafs overcoming the Tampa Bay Lightning.\"
"In the last several months, we have been diligently preparing for this moment. Our team has grown four times larger since the start of the year and we are actively forming collaborations with key athletes, teams, and organizations that resonate with Canadians and align with our core values,\" he added.
Legalized Last June
Looking back, June 23 of the previous year feels like a significant milestone, doesn't it? That was the day Bill C-218 was passed by the Canadian Senate, legalizing single-event sports betting in Canada. It is a date that will be etched in the memory of many Canadian sports gamblers.
Subsequently, the conversation shifted from theoretical possibilities to concrete timelines. Provincial lottery agencies began to incorporate single-game betting options into already existing online platforms, starting with Ontario Lottery and Gaming Corp.launched its PROLINE+ brand on Aug. 27.
Then in January, the province officially announced a countdown to the much-anticipated launch on April 4.
On Friday, there was a final surge of activity as the AGCO website showcased the registrations of internet gaming operators, raising the count to 27.
Operators that have completed their registration with the AGCO must also sign an Operator Agreement with iGaming Ontario before they are permitted to operate legally in the province. Established in 2021, iGaming Ontario was created to oversee internet gaming operations managed by private entities.
The wait is over!
— theScore Bet (@theScoreBet) April 4, 2022
Ontario, meet @theScoreBet . 🇨🇦
Download now: https://t.co/v84nNiYfkH pic.twitter.com/2XyW7E3smZ
13 Have Signed Operating Agreements
Currently, thirteen operators have successfully registered with the Alcohol and Gaming Commission of Ontario and have finalized their operating agreements with iGaming Ontario. according to its website :
- BetMGM Ontario
- PointsBet Canada
- BetRivers Ontario
- theScore Bet Ontario
- Caesars Ontario
- FanDuel Ontario
- LeoVegas
- Bet 365
- Rivalry
- Unibet
- Coolbet
- 888 Sport
- Royal Panda
Additional operators that have registered with AGCO.
Alongside the 13 operators that have registered and entered agreements with AGCO and iGaming Ontario, here are other internet gaming operators that received approval as of April 1, allowing them to launch in Ontario no earlier than Monday. according to the AGCO website On Friday, two new operators, bwin and party online casinos, were added to the list.
- LottoGo
- Fitzdares
- WSOP
- Ontario Lottery & Gaming Corp.
- Casigo
- Casimba
- Dream Vegas
- FireVegas
- Gate 777
- Hello Casino
- Jackpot Village
- Playzee
- bwin
- party
Taking Out the Grey Market
Sportsbooks operating in grey markets — entities licensed in other jurisdictions yet accepting bets where they lack proper licenses — will now face legal implications if they do not adhere to the agreements with AGCO and iGaming Ontario.
What is the potential size of the market? The number of registered operators may exceed 30. It remains to be seen how many will actively participate in sports betting. A report by Deloitte Canada suggested that the legalization of single-event sports betting could generate close to $28 billion within five years.
Why is Ontario Such a Big Deal?
Ontario, with a population of around 15 million, stands as Canada's most populated province — comparable to the fifth-largest U.S. state.
In New York, a state with 19.3 million residents, legal sportsbooks recorded an impressive $1.54 billion in wagers during February (known to be the month of the Super Bowl) and $1.7 billion when sports betting was first legalized in January.
It remains to be seen how high theOntario online casino While the sports betting scene is set to evolve, it should have a productive start on Monday, coinciding with the NCAA men’s basketball championship game featuring Kansas versus North Carolina.
Additionally, the Masters tournament kicks off this week, with at least one Canadian golfer having solid prospects following two consecutive Top 10 finishes at Augusta.Corey Conners And the Toronto Blue Jays are also beginning their season this week, which is something fans are eagerly anticipating.
Featuring one of the largest selections of games, a user-friendly website, and a well-respected brand.have the fourth-best odds to bring home a World Series title.
Fromdeereplanet.com
