This past weekend, Ontario released their first single-event results of the Ontario Lottery and Gaming Corporation’s (OLG) Responsible Wagering Initiative, showing that video slot machines are the most popular form of gambling in the province. Here are the numbers:
The Ontario Lottery and Gaming Corporation released its 2016 single-event result for gambling-related bets on December 16. The result included the results from the national draw for the EuroMillions, as well as the draw for the Ontario lottery’s Lotto MAX, Lotto 6/49, and Lotto 6/36 draws. In addition to the results for those four draws, the OLG also reported results from a total of 20,335 Ontario Lottery and Gaming Corporation-sponsored draws, including the draws for its Mega Millions, Lotto 6/49, and Lotto 6/36 draws.
On August 27, 2021, single-event wagering became available in Canada, and it is off to a great start. The Ontario Lottery and Gaming Corporation says that in the first week under the new law, its newly established PROLINE+ internet sportsbook produced a sports betting handle of more than CA$1 million. Single-event wagers accounted for almost 74% of the total betting volume.
For years, Canadians had to place parlay bets on their favorite sports events, which required them to predict the outcomes of multiple games in order to win. However, Bill C-218 changed the Criminal Code to allow single-event wagering. With a population of almost 15 million people, Ontario now has the potential to become a major gaming jurisdiction on the continent.
Stats from the First Week
On the first day of the new law, the OLG was allowed to debut its new digital sportsbook PROLINE+, making it the first organization to provide the long-awaited single-event wagering products. In the next months, the province will open the internet gambling industry to commercial operators, giving the Crown a head start.
In a recent statement, Dave Pridmore, OLG’s current chief digital and strategy officer, stated that the new online sportsbook is exactly what many local gamblers have been waiting for. According to Mr. Pridmore, the new platform provides fresh and competitive goods to the province’s players, who are aware of this.
The province is having a fantastic debut, according to Paul Burns, the current CEO of the Canadian Gaming Association, since it was extensively promoted before the formal introduction. Mr. Burns went on to say that the OLG’s Proline brand has been around for a long time and has a high level of consumer loyalty. He said that, in the past, players had to travel to a retail sportsbook to make bets, but that this is no longer the case with the platform.
Ontario is currently the only jurisdiction that has declared its intention to launch a private market for single-event betting. Mr. further said that, for the time being, the province is the only one ready to allow privately run sportsbooks to join the market. DraftKings, BetMGM, FanDuel, PointsBet, and theScore are just a few of the gaming companies likely to apply for the province’s newly regulated market.
Procedure for Submitting an Application
The Ontario Alcohol and Gaming Commission published a list of criteria for gaming operators interested in entering the province’s new iGaming industry last week. Companies must submit their applications on the entity’s official website, present a set of legal documents, and pay an annual fee in order to get a license. In addition, the operator must sever connections with other grey market businesses.
A new online regulator has been established.
In order to prepare for the growth of internet gambling, the AGCO established iGaming Ontario, a new organization charged with regulating the online gaming industry. This new company will be a wholly owned subsidiary of the commission, with its own staff and board of directors. Later this year, the new regulator will evaluate applicants and issue licenses.
“Ontario Clears $1M In Handle In First Week Of Legal Single-Event Betting In Canada,” Sports Handle, September 2, 2021.
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