How Can Ontario’s New Law Change the Canadian Online Betting Market?

Entrepreneurs in Ontario are now officially permitted to establish their online businesses. They can offer esports events, sports, and casino games to enthusiastic wagers, maximizing their gains by using casino bonuses in Canada.

One must, however, follow all of the laws and restrictions of the provincially authorized iGaming industry, which debuted on Monday, April 4, 2022.

Transforming the Canadian Gambling Industry

Although single-game sports gambling has been permitted in Canada since 2021, the industry did not officially launch in Ontario till April 4. According to reports, around 30 government-approved enterprises are operational from the night of April 4, 2022.

Some of the prominent online betting organizations that have been approved are:

  1. PointsBet
  2. BetMGM Ontario
  3. bet365
  4. Coolbet
  5. FanDuel Ontario
  6. Unibet
  7. Rivalry
  8. Royal Panda
  9. LeoVegas
  10. WSOP
  11. LottoGo
  12. Fitzdares

It would be interesting to observe whether this is the first domino to fall. Moreover, do the other nine Canadian state governments desire to follow Ontario’s example and capitalize on the potential betting tax windfall?

It appears more plausible now that online betting is legal in Ontario, and executives from tech firms are welcoming the fateful Monday’s launch.

Legalizing sports betting not only generates profits for TV providers, sports clubs, and advertising but also generates tax revenue. Local federations and provinces will collect more tax funds, further boosting the Canadian economy.

Why Does Online Gambling in Canada Make Sense?

Let’s go through some factors that make online gambling successful and give them an edge over land-based casinos.

Cost Savings

Online casino platforms are easier to access and offer several cost-saving benefits, such as deposit bonuses and other incentives.

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Variety

There is a limited choice of games and equipment in offline casinos. They can only fit so much into a building. This isn’t a problem for online gambling businesses, which is why they can provide hundreds, if not thousands, of games.

Convenience

You can bet on popular games from anywhere as long as you have internet connectivity.

Mobile

You are not restricted to wagering at home or in a casino. You can bet from almost anywhere on the planet, especially with access to mobile betting.

Promotions

Land-based casinos also have promotions, but nothing compares to online gambling sites. Signup and reload bonuses, free incentives, rebates, and other promotions are easily accessible at gambling sites.

Edge over Offline Casinos

For instance, you can wager on several sports in Canada. This includes the Canadian Football League, ice hockey, the National Football League, baseball, and soccer. Additionally, you may gamble on these games while streaming them live.

This is what gives online gambling the edge. Suppose a Vancouver Canuck fan who resides in Toronto might be able to bet on their favorite team’s matches. Still, it would be hard to attend the game in person. Whereas, with online betting, you can gamble in real-time while enjoying the game through live streaming.

Canadian betting companies also employ superior software developers, such as  Evolution Gaming, Microgaming, Playtech, and Quickspin, which offer a diverse range of casino and poker games.

To summarize, there are numerous reasons why Canadians should bet online.

What Are The Different Sports On Which You Can Bet?

National Football League: American Football Betting

Although Canada does not have its team, NFL football betting attracts more revenue than any other sport at the most prominent Canadian sportsbooks. Top football betting platforms provide a plethora of NFL betting possibilities.

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English Premier League Betting

Due to the abundance of football leagues and tournaments, betting on football is a somewhat year-round activity. The game is always within grasp, whether in the English Premier League or the European Championship. The most reputable football sportsbooks make participation simple.

Major League Baseball Betting

Baseball betting keeps Canadians entertained throughout the hot summer months, and bookmakers have recently seen an upsurge in interest. The best baseball bookmakers now include many player incentives and inning-by-inning real-time betting.

National Hockey League Betting

Every night, die-hard supporters of the seven Canadian NHL franchises pour money into their favorite teams. Most of the reputable hockey betting companies in Canada provide a wide range of NHL odds, featuring live betting on the game as it progresses.

College Football Betting

Like other major sporting events, college football betting attracts many Canadian sports fans. Long-standing competition and the CFP National Title drive the biggest matchups every Saturday during the NCAA football season. For practically every game, college football odds are available on Canadian betting sites, from minor institutions to the most legendary ones.

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