2024's Most Impactful Canadian Digital Gaming Industry Developments
The Canadian digital gaming industry saw significant developments in 2024. Here are the key highlights:
Alberta's New Gaming Regulations Alberta announced plans for a competitive, regulated iGaming model similar to Ontario's. Major operators like PointsBet Canada, Betway, PENN, and NorthStar expressed interest, with an expected launch in mid-2025.
Ontario's Market Expansion
- 50 licensed operators and 82 gaming websites
- Q2 2024-25 total wagers: $18.7 billion (31.7% year-over-year increase)
- Gaming revenue: $738 million (35.4% year-over-year increase)
- Created 15,000 jobs
- Generated $1.24 billion in government revenues
Canadian flag waves against blue sky
New Advertising Standards AGCO implemented stricter advertising rules in February 2024:
- Banned athletes from iGaming advertising
- Restricted celebrity endorsements appealing to minors
- Public poll showed 68% of Canadians support advertising restrictions
Market Participation 86.4% of Ontario players now use regulated gaming sites, up from 85.3% in 2023, compared to 70% using unregulated sites before market launch.
Legal Developments
- Ontario Superior Court upheld the province's iGaming model against MCK's challenge
- Bill S-269 for national advertising standards awaits House of Commons approval
- Legislative delays and upcoming October 2024 election may impact bill passage
Ontario's success demonstrates the potential of regulated iGaming markets, while new advertising restrictions show commitment to responsible gambling practices.