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Betting in Toronto has become easier than ever. With more than a dozen bookies now legally operating in the Canadian province since 4th April 2022 when legislation allowing online gambling was passed, punters now have many choices. But before digging deeper to explore the changing face of Betting in Toronto, ask the important questions. For example, how will the new laws impact the gaming industry in Toronto?
Betting in Toronto: Impact of Legalization in Ontario
The legalization of gambling in Ontario has had ripple effects across the populous province. Toronto, which is Ontario’s capital city, is at the center of it. In the wake of the new legislation that effectively sets the ball rolling for private providers of gaming services, several bookmakers have now launched their operations in Toronto and other regions of Ontario.
The launching of legal online sports betting in Toronto has created a competitive atmosphere where private gaming companies can also compete for the popular market. Originally, everything was controlled by the state but it is a new era. Notably, the partnership between iGaming Ontario and privately owned sportsbook companies further makes it easy for the Ontario government to control illegal betting activities and also collect taxes.
The advent of legal online sports betting in Ontario also signals the start of single-game betting. Before 4th April, betting activities in Ontario were limited to parlay bets. You can also check out some top bookmakers recently active in the Ontario betting market.
New operators set to be legalized in Ontario
Despite the launch of legal online sports betting in Ontario, some popular bookmakers were missing from the fray.
Draftkings was one of the big names missing in the fray when betting on Toronto went live on the 4th of April this year. However, the popular fantasy betting site which also delivers sportsbook betting and casino gaming is said to preparing for grand launching before the end of this month.
While punters in Canada can access William and place their bets, residents of Ontario may have to wait a little longer to wager on the platform. Meanwhile, you can stay informed about William Hill, especially the bookmaker’s expected to launch in Ontario. As a top brand and a leading sportsbook, you can be sure William Hill will soon enter the fray and compete for a share of betting in the Toronto market.
Ladbrokes is another sportsbook to expect in Toronto soon. As one of the leading betting sites, the chances of Ladbrokes launching their sportsbook and app in Ontario are high. The field is now open for every player and it is only a matter of when Ladbrokes acquire a betting in Toronto license.
Sportsbook future outlook for Toronto
The new gambling laws in Ontario, Canada, have opened up a new investment front for bookmakers. For many years, Ontario and several parts of Canada remained underexploited due to stringent laws that limited the extent to which punters can bet. Now, you can place bets on single games, parlays and more. It also means several sports and partnerships will become part of the newfound Ontario gaming market. Moreover, betting in Toronto will be a huge source of revenue for the Ontario government.