Ontario Will Open Up Online Betting Market

The Ontario Lottery and Gaming Corporation may have its days numbered as the province's online betting monopoly, as lawmakers are seeking to pass legislation to privatize the industry.

Currently, regulated betting online is only available in Ontario through the PlayOGA website, where slots and table games are available. In an effort to raise additional revenues, lawmakers are looking to open the market, which could result in more tax revenues being created for the state as well as better product availability to punters.

If the market opens up, the Alcohol and Gaming Commission of Ontario would regulate online betting activities, and there would be a subsidiary formed to facilitate the relationship of casinos and the government.

The proposal is still being built and will have to undergo a lengthy process. As such, we'll be following the story and updating readers as soon as we learn more.