When Will Sportsbooks Like FanDuel and DraftKings Launch In Ontario?

Written By Evan Scrimshaw on March 29, 2022 - Last Updated on April 4, 2022
ontario sports betting

With the passage of a legalization of sports gambling bill through the Canadian Parliament this year, it has remained an open question when expanded Ontario sports betting will launch and when citizens will see the benefits.

But we now know it’s April 4th, 2022; however, these sports betting apps listed below are the first out of the gates with special offers for you to lock in. Just click PLAY NOW.

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Current State of Sports Betting in Ontario

Currently, the provincial lottery allows for legal, single game sports betting, expanding off of their decades long ability for residents to bet parlays at corner stores, but their monopoly is not going to hold.

Ontario is the fifth biggest North American market, only behind California, Texas, Florida, and New York, and the big players of the US market are all eager to get into Ontario for that reason. Leading estimates are that up to $14B is wagered through off-shore books and outside the legal market, and for understandable reasons the big players in the US want in.

When Will Expanded Sports Betting Launch In Ontario?

Given we know it’s launching April 4th, there were always a few specific factors to look at when trying to see when licenses will be issued, and when Ontarians might see increased access to legal books.

The provincial government goes to an election in June next year, and so they’ll want a pre-election budget before the April end of the legislature. It would be highly unlikely that the government would go to that budget without firm details on how much they can expect in sports betting revenue, and use that to make the debt and deficit picture rosier.

The other timing factors were the NBA and NHL seasons – getting this done before those games start was crucial.

What’s Next For Ontario Sports Betting?

The Government has too much incentive to find a solution before they go to the polls again, and the operators don’t want to miss out on NHL playoff revenue. Failure to reach a deal on outstanding issues – mostly tax rates for the operators – would risk the Government being unable to reach a deal before the Masters, the NHL and NBA playoffs, and the beginning of baseball season, which given the expectations on the Toronto Blue Jays, would be a disaster for the prospective operators.

Had there been no deal in Q1 2022, the earliest a deal could have be done is realistically July, and if there’s a change in government (which is possible, but not guaranteed), thinking that dealing with sports betting will be the highest priority for the replacement would have been wrong.

It always made sense that a deal would get done, and they did one. Happy legalization, Ontario.

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