As one of the more populous provinces in Canada, Ontario has a thriving gambling industry in its major cities of Toronto and Ottawa. However, that means on-going control regulation.
Nonetheless, the potential revenue that iGaming operators stand to make is great, especially if the provincial government votes to approve new legislation to open the market.
At the moment, the Ontario Lottery and Gaming Corporation (OLG) is the sole operator that has been approved to offer iGaming to residents. It is done on the PlayOGA.ca website.
This monopoly is about to end as approval extends to new operators. Meanwhile, the Alcohol and Gaming Commission of Ontario (AGCO) will act as the regulator to ensure safety and security. This has always been the major mission of the iGaming industry in spite of the monopoly.
A subsidiary will be appointed by the government to manage dealings between it and private operators. New operators are going to change the picture considerably.
In addition, a bill impeding Canadians from betting on single sporting events is to be introduced to the highest parliament which will revamp the way Canadian punters can wager.
Of note, multi-game bets have been the only thing game in town for locals. Hopefully, the vote on the bill will come soon, and the new legislation will take action to stop the existing Ontario iGaming monopoly.