Latest Betting Brands to Join Ontario’s Gaming Market
After a long wait for legislation changes surrounding online sports betting in the country, iGaming Ontario launched a regulated internet betting market in the province in April 2022.
On April 4th, iGaming Ontario allowed sports punters to access a range of fully licensed betting sites. The much-awaited legislation changes gave Ontario the tools to become a leader in the online gambling sector.
The Alcohol and Gaming Commission of Ontario received applications from multiple operators and released the names of the first licensed entities to operate in the province. As time passes, further betting sites continue to apply and receive the go-ahead from the regulatory authority.
What happened on April 4th 2022?
The Ontario government initiated a process in April 2019 to end the Ontario Lottery and Gaming Corporation’s monopoly on the online gambling sector. The goal was to open the industry to private operators, and the first step toward this change happened in November 2020. In 2021, the lawmakers in the province introduced and passed legislation that would make this a possibility.
In September 2021, the Alcohol and Gaming Commission of Ontario shared the newly established sports betting regulations, which introduced changes to the advertising and integrity rules each platform must follow.
All of this legislation came into effect on April 4th, 2022, when the regulatory authorities released the list of the first thirteen Ontario betting sites joining the market:
● 888sport
● bet365
● BetMGM
● BetRivers
● Caesars
● Coolbet
● FanDuel
● LeoVegas
● PointsBet
● Rivalry
● RoyalPanda
● theScore.bet
● Unibet
Latest Sports Betting Brands In Ontario
The sports betting operators mentioned above didn’t remain the sole private entities receiving a license in Ontario for long. After making single-event sports betting legal in August 2021, the province continuously updated its regulations to welcome more operators, diversifying the online gambling options of residents.
Since launching the regulated market, the Alcohol and Gaming Commission of Ontario issued a license to over thirty online gambling sites. The most recent additions include:
● DraftKings
● Bwin
● Northstar Bets
● PartySports
DraftKings, in particular, was a much-awaited addition due to its high-quality daily fantasy sports platform. The brand also offers an excellent range of sports betting markets and online casino games. Although players can expect the list of legal betting sites in Ontario to increase over the following months, the prospective operators must meet the security, fairness, and advertising criteria established by the regulatory authority, which can delay the process.
These regulations ensure that players can have a good time while safely betting on sports.
Final thoughts
Ontario stepped towards increasing the competition, standard of services, and safety of sports betting when it first legalized single-event betting. Since then, the province has continuously approved new legislation to ensure residents can access the top sports betting websites.
Several provinces across Canada may soon update their regulations to ensure players benefit from a broader range of betting sites while remaining safe and protected.
Until that happens, you can keep up to date with the new additions to the regulated market by checking the iGaming Ontario website. The regulatory entity updates the list of licensed betting sites as soon as new operators receive their approval.
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