Ontario is the largest province in terms of population for the country of Canada. Southern Ontario has massive infrastructure that resembles the likes of some of America’s largest cities. Today it was revealed that regulated online gambling will be coming to the province of Ontario. Ontario will now be joining the likes of Manitoba, British Columbia, Quebec and the Maritime provinces to offer regulated online gambling to their citizens.
This announcement didn’t come as a surprise to anyone as the “Ontario Lottery and Gaming Corporation” teased the impending launch of regulated online gambling. They noted that there is roughly fifty thousand plus individuals in Ontario that would love to play in a regulated online gambling market. This new online casino operated by the Ontario Lottery and Gaming Corporation will be offering players blackjack, arcade styled games, online video poker and slots.
It’s estimated that roughly five hundred thousand people gamble online in the province of Ontario. It’s also estimated that roughly $400 to $500 Million is spent per quarter by these online punters. This new regulated website is hoping to gain a small percentage of this market for right now and hopefully gain a major percentage of the market in the future. Earning a large percentage of the market would allow for Ontario to begin to pay off the $12 Million Budget Deficit they currently have.
We shall keep you updated on how this new regulated online casino impacts the Ontario Online Gambling Industry. It’ll be interesting to see if the government can gain the main stronghold in the market.