Gamblers and sports bettors in Ontario have a reason to smile, as the province’s iGaming and sports wagering markets will open in less than a month. The launch of the new market will result in a significant increase in betting options, as well as a wide range of events to choose from, including the start of the NBA playoffs, the Stanley Cup playoffs, and the UEFA Champions League, to mention but a few.
Ontario stated at the start of this year that the gambling expansion would begin on April 4, 2022. 888, Caesars Entertainment’s World Series of Poker, PointsBet, Rivalry, and theScore have been granted licenses by the Ontario Alcohol and Gaming Commission. FanDuel, DraftKings, BetMGM, Unibet, and BetRivers are among the companies speculated to be on the verge of being issued with licenses to serve Ontarian gamblers.
Plenty of Options
The AGCO’s Deputy Chief Operating Officer, Brent McCurdy, recently stated that the number of companies that have shown interest in the province of Ontario online gaming sector had encouraged the regulator. He also said that with less than a month until the formal debut, the commission is working round the clock to ensure the effective launch of the new, regulated market in the coming months.
Sports fans should not be concerned if they missed the Super Bowl or March Madness because there will be plenty of events to wager on even in April. The NBA playoffs, for example, begin in mid-April, followed by the Stanley Cup playoffs in early May, as well as the semifinals and finals of the UEFA Champions League, and so on. All these events will be available for bettors in Ontario to bet on soon.
According to John Levy, founder, and CEO of theScore, the wait for the market’s opening will be worthwhile. Levy further stated that he isn’t concerned about the market’s opening date since, in his opinion, sports wagering will be around for a long time and that the football season will be back before we know it, with many more Super Bowls to come.
At the same time, Vancouver-based technology firm FansUnite is hoping to obtain a supplier license from the province. Scott Burton, the company’s CEO, stated that there is currently a buzz around the province’s gambling business. Additionally, according to Burton, big-name gaming operators are anticipating the debut.
Potential Risks for Licensees
One primary disadvantage for licensed operators in Ontario’s newly regulated iGaming and sports betting business is that they can’t offer signup bonuses. Players will not enjoy signup bonuses on any operators they choose. However, according to Paul Burns, President, and CEO of the Canadian Gaming Association, operators will post them on their websites and submit them to players in their database.
Choosing the Ideal Geofencing Service
The AGCO and iGaming Ontario have recently underlined the need of having a geofencing provider to keep the market secure and prevent outsiders from wagering on it. GeoComply and LocationSmart, which use distinct techniques to determine one’s actual location and prohibit users from finding their way into a given online jurisdiction, are the two most acceptable candidates.