It has been reported that Loto-Québec has received permission from the cabinet to delve into the business of online gambling
.
An article on CTV.ca states that one of Loto-Quebec's objectives with its legal online gambling is to tap into the existing market which sees hundreds of millions of dollars go online and off shore.
The report also states that Loto-Quebec has indicated that its sites will offer measures to weed out problem gamblers, including age verification, options for self-exclusion and deposit limits.
Loto-Québec is partnering with the BC Lottery Corporation and Atlantic Lottery Corporation in the endeavour.
The CTV.ca report states that $675 million was wagered online by Canadians online in 2008, and that it is estimated that the number could reach $1 billion by 2012.
Click here to the read the CTV.ca article in its entirety.
(With files from CTV.ca)
Sure grant Loto-Quebec's a
Sure grant Loto-Quebec's a license to operate an online book and watch them offer horse racing with 7 or 10% back on losses to players so where do you think the Ontario wagering dollar will end up?
They did nothing to revive the industry in the province of Quebec but will jump at the idea of providing the same without the overhead,how long before the same thing streams over to the Ontario Racing Industry ?
JMHO
If they bring legal online
If they bring legal online sports betting to Canada,harness racing is finished in 6 months.