By the time we reach 2025, iGaming Ontario will be led by a different individual.
The agency in charge of managingOntario online casino On Thursday, it was revealed that Martha Otton, who has been at the helm of iGaming Ontario since it began over three years ago, will step down at the close of 2024.
In April 2022, Ontario pioneered a well-regulated online gaming market, becoming the first province in Canada to do so. This shift away from the unregulated gray market coincided with the legalization of single-event sports betting across Canada. In the last couple of years, numerous operators have launched online casinos and poker platforms, establishing Ontario as having the most developed digital gaming environment in both Canada and the United States.Ontario sports betting According to the recent first-quarter report for 2024-25 from iGaming Ontario, there were 50 operators running a total of 80 live sites. Bettors in all markets placed bets amounting to $18.4 billion, while licensed operators reported generating $726 million in revenue from April to June this year, largely through these online platforms.
A study conducted by Deloitte revealed that the regulated online gaming sector contributed to the creation of nearly 15,000 new jobs and generated $1.24 billion in taxes for various levels of government in Canada, including federal, provincial, and municipal, during the fiscal year 2023-24. Nearly $800 million of these revenues benefited the province, marking an impressive increase of over 68% compared to the inaugural year of regulated iGaming.casino apps Ontario .
Heidi Reinhart, Chair of the iGO Board, expressed in a statement, \"Martha Otton has made a remarkable impact throughout her career, particularly in Ontario's gaming industry. The competitiveness of Ontario's iGaming market stands as a reflection of her innovative leadership and dedication to collaborating with operators and wider stakeholders.\"
Keep informed about the latest updates and news concerning sports betting in Ontario.
About Martha Otton
In February 2021, she took on her role at iGaming Ontario, which operates under the AGCO umbrella. Besides managing online gaming, the agency has also focused on creating frameworks aimed at ensuring responsible gaming practices and safeguarding the public's interests.
As Otton prepares to exit, other provinces in Canada are looking to replicate Ontario’s successful model. Alberta appears to be the next candidate, with provincial leaders looking to Ontario’s framework as a guide for their own initiatives.Ontario sportsbook apps The Canadian Gaming Association, through a statement posted on LinkedIn, thanked Martha Otton on behalf of its board and members, praising her relentless efforts in establishing Canada's inaugural regulated gaming jurisdiction and elevating it into a leading market globally. \"Her retirement is well-deserved, and we are grateful for her leadership and foresight in shaping the iGaming landscape going forward,\" they remarked.
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Fromdeereplanet.com
