Ontario’s Grey Betting Operators Get Market Exit Deadline
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Grey market online gambling platforms have until October 31 to cease operations in Ontario. Regulator AGCO believes it has provided a reasonable amount of time for grey market operators to join the regulated market.
Ontario's grey betting and iGaming market was launched in April. AGCO released a guide to help transition grey operators into the regulated market. There are now over 20 licensed sportsbooks live in Ontario, as well as numerous online casino and poker sites.
AGCO released its first official financial results from the sector in August. For the first quarter of its regulated market, total revenue reached CA$162m (US$119m) with 492,000 accounts active.
