Ontario’s Sports Betting Handle Passes $6 Million Mark

By in Industry on
3 Minute Read
  • Ontario launched its latest set of sports betting options on August 27 of this year. 
  • New reports claim Ontario’s sports betting handle has passed $6 million in just four weeks. 
  • The majority of sports bets being placed here are on the 2021/2022 NFL season. 

Canada’s sports betting industry has been steadily growing over the past few years. Not long ago, Ontario was given permission to begin offering regulated sports gambling. It seems this industry is already proving to be a successful one for the province, as Ontario’s sports betting handle just passed $6 million in four weeks.

Sports betting continues to bring in huge amounts of revenue around the world. There are several reasons why this is. Now is a great time to talk about Ontario’s growing sports betting industry.

Let’s get into it!

Reports on Ontario’s Sports Betting Handle are Now Out

Canada is known for having a unique set of gambling rules. For many years, laws were set in place that required all sports bets to be placed on multiple games and matches. Individual sports bets were prohibited and the industry struggled to grow.

In August, news broke that this rule was changing. Every province would have the ability to allow individual sports bets. This was essentially opening up Canada’s sports betting industry and led to many major sports betting companies breaking into provinces for the first time.

Ontario launched its first real sports betting industry on August 27. New reports show that the province’s sports betting operations have been very popular. In the first four weeks since being operational, Ontario’s sports betting handle has already surpassed $6 million.

This comes directly from the Ontario Lottery and Gaming Commission. Many analysts are now debating whether or not gaming revenue will continue to increase. We’ll be sure to offer more updates on the revenue situation here over the next few months.

The 2021/2022 NFL season seems to be a prime reason for surges in sports betting revenue around the US. Here’s a look at how much money has been wagered on the season in other parts of the world.

NFL Betting Continues to Break Records

The second week of the NFL season has almost wrapped up. Once again, millions of people around the world placed wagered on how the week’s games would play out. For many, this was a profitable gambling experience.

Sports betting revenue has been surging throughout the United States. More than half the country now has a sports betting industry set in place. The vast majority of these states are seeing record levels of revenue coming in thanks to NFL betting.

New Jersey saw the most revenue come in from football betting. Pennsylvania, Michigan, Arizona, and Illinois came next. 58.2 million NFL bets were placed on the first week of the season and tens of millions more have already been placed on week two games.

Sports betting continues to grow more popular around the United States. The same can be said in Canada. Ontario’s sports betting handle seems to be increasing rapidly and this province may grow to become Canada’s top sports betting hub.

Football betting is easier now than ever before. Below is a quick look at the odds for tonight’s exciting Monday Night Football game between the Lions and Packers.

Here’s How to Bet on the Lions vs. Packers Online

Week 2 of the NFL season has wrapped up and fans were once again treated to some fantastic games. Everyone is now looking ahead to tonight’s game between the Detriot Lions and Green Bay Packers. Many great online sports betting sites including BetOnline are offering great odds on this matchup.

The Detroit Lions are listed as the +460 underdogs. This team lost their first game of the season to the San Francisco 49ers last week. The Lions struggled early on, yet surged late in the game and nearly pulled off the monumental upset.

The Green Bay Packers entered their week one game against the Saints as a slight favorite. Fans in Wisconsin were left disappointed, as the Packers lost 3-38. Aaron Rodgers and the rest of the team are looking to turn things around tonight at home.

BetOnline is offering a wide range of fantastic NFL betting odds. That includes odds on next week’s games. Feel free to check it out today to see all of the unique football betting options being provided!

Are you surprised to see where Ontario’s sports betting handle stands? Do you expect the province’s betting handle to continue increasing? Let us know in the comments section below!

Kevin Oldroyd

A longtime sports and gambling enthusiast, Kevin looks to present up-to-date and reliable information for readers. If he’s not writing, he’s probably watching MMA or playing blackjack. ...

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