Online Gambling Canada Predicted To Hit $8Bn

Online Gambling Canada Predicted To Hit $8Bn

Lillie Mcguire
Posted on March 18, 2021 at 12:03pm

Boston based iGaming mega-corporation DraftKings has made a bold claim. Namely that the sports betting and online gambling Canada industry will generate a combined $8 billion. The prediction comes in relation to iGaming legislation moving forward in Ottawa, which will finally fully legalise the local industry and push it forward into a new era.

DraftKings, as one of the biggest players in the industry, does not yet have any investments in online gambling Canada. But, based on the positive statement, it seems as if the American giant may be eyeing potential future opportunities.

Company chief executive officer (CEO) Jason Robins elaborated on his thoughts.

Growing Interest

Robins stated plainly that this time last year he had little to no interest in either online gambling Canada, or sports betting Canada. But, he explained, his interest is now quickly growing, specifically due to the support for Bill C-218. The recent Ontario budget speech was also favourable towards the Bill, he elaborated, further demonstrating that the country was moving towards rapid regulatory change.

He went on to declare that online gambling Canada, and local sports betting as a whole was quickly becoming very exciting. His conclusion was that Canada was now a top 10 region of interest.

Such positive words from the DraftKing’s CEO certainly seems to indicate that the country has a bright future. But more so a recent study performed by Deloitte Canada, which put into perspective just how lucrative the opportunity really is.

The Statistics

Deloitte Canada published the findings of their study, and the numbers are nothing short of staggering. It was estimated by the organisation that Canadians could eventually be spending as much as $28 billion annually on sports betting and online casinos, which is certainly a number that will make the industry sit up and take notice. Additionally, the company stated that around 64% of the population will eventually have direct access to online gambling.

Though, it should be kept in mind, these statistics are based on an eventuality that will come years after legislation has been passed. Although there is great potential, the most important official steps towards this future have yet to even be taken.

Either way, in a final statement from Robins, he mentioned that even getting into the online gambling Canada market will be a challenge. When asked to explain why, he stated simply that the already existing grey online casino operators have been blessed with the early-mover advantage.

Want the best odds on NHL games? Click here to place your bets NOW!


More News

Canadian Clothing Brand Supports Autism Month

Lillie Mcguire
Posted on April 09, 2021 at 3:04am
Canadian Clothing Brand Supports Autism Month

Local Laundry, a Calgary-based brand, has renewed its partnership with Kodette LaBarbera, the former reality television star of Hockey Wives of Canada

New Casino Money Laundering Testimonies

Lillie Mcguire
Posted on April 09, 2021 at 3:04am
New Casino Money Laundering Testimonies

The search for answers and accountability remains ongoing as the Cullen Commission continues its inquisition and enquiry into British Columbia’s

PLAYSTUDIOS Commission Huge Bingo Artwork

Lillie Mcguire
Posted on April 09, 2021 at 3:04am
PLAYSTUDIOS Commission Huge Bingo Artwork

Popular casino game developer PLAYSTUDIOS has collaborated with some of the most talented artists that Las Vegas has to offer. The one-of-a-kind artwo

Foot Injury Puts Andreescu Out Of Billie Jean Cup

Lillie Mcguire
Posted on April 08, 2021 at 11:04am
Foot Injury Puts Andreescu Out Of Billie Jean Cup

One of Canada’s brightest and youngest tennis stars, Bianca Andreescu, has announced that the foot injury she sustained during the final of the

Hellmuth Defeats Negreanu In Epic Comeback

Lillie Mcguire
Posted on April 07, 2021 at 1:04am
Hellmuth Defeats Negreanu In Epic Comeback

Few head-to-head matches in the Poker world have been as hotly anticipated as Hellmuth versus Negreanu. For weeks prior to the event, the pair took sh

Casino’s Smart Fish Tank Causes Issues

Lillie Mcguire
Posted on April 07, 2021 at 1:04am
Casino’s Smart Fish Tank Causes Issues

An unconventional casino hack is once again placing new emphasis on the many dangers connected to a world in which devices are capable of communicatin

GCGC Online Gambling Briefing

Lillie Mcguire
Posted on April 07, 2021 at 1:04am
GCGC Online Gambling Briefing

On 5 April 2021, the Great Canadian Gaming Corporation provided a briefing on its previously agreed upon online gambling deal with Raptor Acquisition

Study Shows That Dr Google Isn’t All Bad

Lillie Mcguire
Posted on April 01, 2021 at 2:04am
Study Shows That Dr Google Isn’t All Bad

We use Google for everything, from finding the best casino games to diagnosing why we’re feeling under the weather. And while the former is a gr

Alberta Welcomes Evolution

Lillie Mcguire
Posted on April 01, 2021 at 2:04am
Alberta Welcomes Evolution

The Alberta Gaming, Liquor & Cannabis Corporation has revealed that it plans to expand its online casino offerings throughout the province. Made p

Betting Site Canada Company Joins The CGA

Lillie Mcguire
Posted on March 10, 2021 at 6:03am
Betting Site Canada Company Joins The CGA

In online gambling Canada news, the Real Luck Group, which specialises in betting sites Canada, has officially joined the Canadian Gaming Association