Alberta has been very vocal about regulating sports betting in the province. Legislators have expressed their interest in modeling the iGaming market of Ontario. What does this mean for those who want to earn from iGaming? It means that Alberta could allow multiple operators to operate and offer gambling products online. With iGaming in Alberta potentially happening in the near future, what else should we expect?
If you want to know more about having your own iGaming business, these bookie tutorials should help you.
Alberta wants to launch an online gaming market sooner rather than later. The government of the Canadian province spent the last few months in in-depth consultations with various industry experts and operators. They are compiling ideas and data on an expanded model that would suit iGaming in Alberta
What to Expect in Alberta Expanded Gambling Market
When you start your own online sportsbook, you can actually offer other gambling products. This is what we always say when our readers ask: why use a sportsbook pay per head to become a bookie? Online sports betting is very popular and lucrative. But adding online casino gaming and other products can make your revenue skyrocket. And a pay per head software has all the features that will allow you to do that.
The same concept is the idea for iGaming in Alberta. They want operators to be able to offer casino games as well as sports betting to residents. Given the geography of the province, iGaming will surely gain traction fast. iGaming in Alberta is assumed to potentially generate more than $700 million a year in revenue. That would put Alberta in the map as one of the top 10 largest betting markets in North America.
iGaming in Alberta to Mimic Ontario
Ontario launched their iGaming market back in 2022. Since then, over $1.97 billion has been injected into the province’s GDP, thanks to online gambling. The first move made by Alberta to implement a similar structure is to pass Bill 16. One of the terms of the bill allows for gambling to be expanded- in line with efforts to reduce red tape. With this, the provincial government now has the authority to manage and conduct gaming activities in the province.
Currently, the province has PlayAlberta, the monopoly in sports betting in the province. In 2022-2023, they collected over CA$1.5 billion in net gaming revenue. With more operators in the picture, we can expect higher revenue, similar to that of Ontario’s.
Meanwhile, if you want to put up your own iGaming business, this bookie pay per head software can help you. With affordable rates, you can open your own online sportsbook and casino easily.
