'It was happening anyways; there were just no safeguards for people. The responsible gaming component is just a really important piece,' said Attorney General Doug Downey
The province’s sports-betting industry is showing signs of becoming profitable, but that is hard to quantify as it's new and there is nothing to compare it to before it became legal.
Attorney General Doug Downey, the MPP for Barrie-Springwater-Oro-Medonte, said in terms of iGaming, which he said “sports betting was a major part of,” there was a black market going on that was unregulated. When he became attorney general and oversaw the Alcohol and Gaming Commission of Ontario, he pushed on with it.
As for financial results from the venture, Downey said they were, obviously, zero because of it being a black market.“The Q2 results thus far are $6.04 billion in total cash wagers, which turns into $267 million in gaming revenue for the province. There are 24 live operators, 42 iGaming websites with 628,000 active player accounts,” said Downey. “It is certainly a sizable industry.”
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