Last updated on February 10th, 2024 at 12:23 pm
It has been a lucrative football season in Ontario, even before Super Bowl LVIII. According to gambling reviews, football betting in Ontario has reached $1.4 billion since April 1, 2023, a 50 percent increase from the previous fiscal year.
In addition to the National Football League, these numbers can incorporate wagers on the Canadian Football League, college football, and other leagues.
In a statement released on Friday, iGaming Ontario lauded the surge in popularity. Ontarians now play on regulated sites that protect them, benefitting Ontario’s economy.
FanDuel Canada is expecting record numbers for the Super Bowl in online sports betting. It was according to a statement released on Wednesday by a company representative.
Football Betting in Ontario
Since the legalization of the industry in April 2022, online gambling has become increasingly popular in Ontario. Wagers hit $17.2B in Q4 2023, up 22% from Q3, per iGaming Ontario. As far as we know, no other province has legalized the sector.
Online sportsbooks have been the de facto standard since legalization. A poll by the RGC revealed that 41% of Ontario sports bettors aim to wager on the Super Bowl, with 80% using online platforms.
Online gambling is allowed in over 30 states in the US, which has led to even quicker business growth. The AGA predicts 67.8 million bettors will wager $23.1B on Super Bowl LVIII. Online wagering, wagers with the best pay per head bookie, and informal bets among friends are all included in these numbers.
According to Pay Per Head King sources, significant athletic events, such as the Super Bowl, can be particularly problematic for those who struggle to manage their wagers, which is why some are worried about the increasing popularity of gambling. Thus, gambling problems can manifest more frequently during this season.
