A new year is upon the Sports Betting Software industry and gambling experts are hoping 2019 will be even better. Last year, the global gambling market grew at a rate of 10.9% and will reach $94.4 billion by 2024. Thus, Alberta wants Online Gambling available in order to get a piece of the action.
The AGLC has sent a request (Alberta Gaming, Liquor and Cannabis) to receive proposals from online gambling providers and contractors. This is because they want to keep the commission relevant as well as provide safe online gambling options for Albertans. Furthermore, AGLC spokesperson, Angelle Sasevill said that “the lack of an online gambling presence puts Albertans at risk”.
In addition, there is the matter of gambling revenue from taxing online gambling websites. In 2017, the online gambling and betting market was worth $45.8 billion and keeps growing at a staggering rate. Gambling analysts believe that Alberta has a $1.4 billion gaming revenue stream and wants to protect it.
Regulating Online Gambling in Alberta
This is not the first time that Alberta made an attempt at the online gambling industry. Four years ago they made an attempt at it but nothing ever came out of it. Thus, this time around the AGLC believes that now is the right time.
The online gaming presence in Alberta would offer poker, bingo, casino games and lotteries. Furthermore, they are hoping that it will stop the $350 million that is going every year to offshore gambling websites.
According to the statement by the AGLC, gambling providers have until February 28, 2019 to submit a proposal. Several of the larger Pay Per Head providers like PricePerPlayer.com have shown interest in submitting a proposal. However, the AGLC does not expect to make a decision until June.
The AGLC does expect a few roadblocks in their attempt at regulating online gambling. This is because they are a few groups that feel the online gambling expansion could be harmful to society.
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