Ontario is celebrating its first year in the iGaming market for third-party operators, but in the meantime, more brands are entering the segment. 릴게임사이트 Finally, Neo.bet announced that it has been granted permission by Ontario’s Alcohol and Gaming Commission to carry out legal online casino and sports betting offerings in Canada’s most populous state.
Canada witnessed the opening of Ontario’s private market on April 4, 2022, the first such event in Canada. It is run by AGCO and its subsidiary, iGaming Ontario, and aims to keep local betters from pouring millions of dollars into unregulated websites while maintaining some of the revenue for the state’s economy.
Neo.bet announced the brand entered Ontario’s segment on Tuesday, just over a month after it was licensed by AGCO. Now the German-based brand offers locals both sports betting and the e-sports market. The company is licensed domestically in Germany and Malta, and the Neo.bet portal is owned by Reactive Betting Ltd.
Local betting companies can now access Neo.bet via desktop versions or by downloading mobile apps for iOS and Android phones. The sports book is famous for its low prices and “a betting service created by experts for professionals.” The sportsbook has a large number of football/soccer leagues to bet on, as well as leading sports in North America.
The current operator has been estimated to offer odds-on betters for more than 25 sports and more than 9,000 live events each month. In addition, the operator also offers a live video stream of esports to further enrich real-time betting content. Users can bet on major video game tournaments such as League of Legends, CS: GO, Overwatch, and DotA2.
As described, Ontario’s market began operations on April 4, 2022, marking its first anniversary earlier this month. According to AGCO, more than 40 private operators currently operate in the province, overseeing more than 80 websites for play. The market is the first in the country and the industry hopes other provinces will follow suit.
Meanwhile, Ontario regulators reported that local players bet more than C$35.6 billion during the 12-month period of online gambling and sports betting. This generated approximately C$1.4 billion in revenue, making the sector one of the top five iGaming jurisdictions in North America. In addition, active players spend about C$70 per month on one of the legal options.
In addition, DraftKings, one of the licensed operators, said in its first year that baseball was the most betting sport in the region, not the widely popular hockey. The Toronto Blue Jays were the team with the most bets by local online betting companies, while Aaron Judge of the New York Yankees was the player with the most bets in the first 12 months.