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Exciting Times as Ontario Opens its Online Gambling Borders
The online gambling industry in Canada is big business these days, and provides just as much importance to the economy as the land-based casinos. Indeed, online gambling in general is seen as a massive growth market, with estimates that the industry itself will reach a value of $73 billion by the year 2024! There is plenty to get excited about these days when it comes to online gambling, and this will come as great news to Canadian players.
Well, details from the Ontario Lottery and Gaming Corporation seem to suggest that Ontario could be opening its digital gambling borders sooner rather than later. Just last week the Ontario government released a new budget that included legislation surrounding the legalisation of online gambling and opening new doors for players who are looking to enjoy all the perks of the online gaming world.
Ontario has decided to open up the online playing field, attempting to follow the example set by Sweden. At this current juncture, only the OLG is licensed to run online gambling websites, but there are plans to change this, and Canada’s largest province is looking to end its monopoly on online gambling.
There is no indication as yet of when this will occur, but the plan is to let private operators enter the fold as soon as possible. This is going to be a great way of bringing more attention to the industry, and generating more revenue for the province. It is certainly believed that this is likely to happen sooner rather than later, and Ontario plans to put measures into practice as soon as it can.
Online gambling expansion in Ontario is something that has been in the pipeline for some time, and it looks set to take centre stage later this year. Online gambling is such an important industry that it is high time Canada invited others into the fold to help grow this industry and bring more money into the province.
This is an exciting prospect for the future of the industry in Canada, and we could well reach a point where we see online gambling skyrocket in Canada. This is something that could have a profound impact on the province, and it could well see more provinces heading the same way as a result. New players and new providers will help to elevate the online gambling industry to a new level.