The Canadian market is in sharp focus for the global online gambling and sports betting industry after Ontario confirmed plans to open its market to private online operators and Canada’s Parliament passed a law to allow single-event sports betting.
The opportunity in Ontario is significant. VIXIO forecasts Ontario’s online gambling market to generate total gross revenue of C$989m in its first year before growing to C$1.86bn by 2026, placing the province firmly among the largest online gambling markets in North America.
Our chief analyst James Kilsby spoke with Paul Burns, CEO, and president of the Canadian Gaming Association, to discuss how Ontario’s will be unlike any other regulated market in the world, as well as how sports betting could roll out across Canada. Listen to the podcast below to learn more about:
- The imminent opening of Ontario’s online gambling market and its groundbreaking regulatory model
- The key remaining question marks around the effective tax rate and international liquidity
- How quickly could other provinces across Canada open up their own online markets