With professional franchises from the NBA, NHL, MLS, and the CFL included in the province, bettors, teams, and the government itself looked to capitalize on the sports betting craze.
The Toronto Blue Jays emerged by the end of the MLB season as a sleeper to win the World Series, only to see their season end in a wild card round loss to the Seattle Mariners. In November, the Toronto Argonauts prevented the Winnipeg Blue Bombers from capturing a CFL three-peat with a 24-23 win in the 109th Grey Cup. From all indications, the marquee postseason events have resonated well among Ontarians in the first year of the commercial sports betting market.
However, iGaming Ontario received criticism from numerous stakeholders for failing to release sports betting figures until late August, when the first quarterly report was released nearly five months after the launch of the market. By comparison, most U.S. states release monthly reports, and regulators in neighboring New York typically release commercial sports betting figures on a weekly basis.
— gregwarrenBC (@GregwarrenBC) October 12, 2022
Ontarians placed $4.076 billion (CAD) in total iCasino, online sports betting, and online poker wagers for a three-month period through June 30, resulting in $162 million in total gaming revenue. Over the second quarter through Sept. 30, Ontario bettors wagered more than $6 billion, as six additional operators entered the market. For the period, operators generated revenue of approximately $267 million, a spike of around 65% from the previous quarter.
Here is a month-by-month review of the top Canada sports betting stories of 2022.
James Krause Accused of Inside Betting on UFC Fighters Leading to a UFC Betting Ban in Ontario, Canadahttps://t.co/FNpVAiS8fM
— PokCas (@pokcas) December 10, 2022
– UFC betting banned in Ontario
– World Cup handle plummets after Canada bows out
– Hockey fans fed up with sportsbook ads, and more
— Sports Handle (@sports_handle) December 2, 2022
— Global News Report (@robinsnewswire) October 20, 2022
— TicketManager (@TicketManager) August 10, 2022
The Toronto Blue Jays have taken advantage of the newly deregulated betting market in Ontario by signing a ten-year deal with TheScore Bet that will see a branded sportsbar opened at the Rogers Centre #MLB #SportsBiz #BlueJayshttps://t.co/uc0uYNkPDo
— SportsPro (@SportsPro) April 8, 2022
BetMGM has announced the signing of Connor McDavid as its newest brand ambassador.
McDavid, the NHL's reigning MVP, becomes BetMGM's first active pro athlete from the four major sports to become an ambassador. pic.twitter.com/xft7PYWY8n
— Boardroom (@boardroom) March 4, 2022