Ontario: Will more sports betting sites leave province?

Ontario: Will more sports betting sites leave province?

Article brief provided by Covers
  • Geoff Zochodne, Covers
March 20, 2023 3:57 PM
  • Geoff Zochodne, Covers

The recently announced plan to exit Ontario by one operator of online sports betting sites has questions looming over the internet-gambling market in Canada’s most populous province. However, the biggest one is probably: who’s next?

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Ontario sports betting was rattled last week by the news that Coolbet will shut down its website and mobile app in the province on April 3. Deposit options will be turned off on Tuesday, followed by the operator closing its online casino and sportsbook on Wednesday.

Asked by Covers why it is leaving Ontario, where Coolbet launched only last April in the first wave of private iGaming operators, the company pointed to the business conditions in the province.