An open market means more competition for the Ontario Lottery and Gaming Corp.
Article content“We know the Ontario market better than anybody — OLG is an Ontario company with all our offices and employees located in the province,” the company said. “So, we remain hyper-local in many of our offerings especially in sports.
Sports betting became legal in Canada in August, 2021. It followed Conservative MP Kevin Waugh introducing a private member’s bill to amend the Canadian Criminal Code and legalize single-game sports betting.Article contentBefore the legislation became law, the only sports betting allowed in Canada was parlay betting — wagers that require bettors to successfully pick outcomes of multiple events.
Queen’s Park has been criticized for releasing quarterly sports-betting figures late and not divulging where wagering revenues are being allocated. “ is still in its infancy,” Waugh said. “No criticism to Ontario, they went a different way and everybody wants to see how they’re going to kind of come out of this.
Moskowitz couldn’t predict what might lie ahead for sports-betting in Canada. But he does see some interesting parallels here and the industry’s growth in Europe.Article content
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