Olg Sports Betting
Nov 24, 2017 “OLG sports offering will include new products that will provide more betting options on a wider variety of events, including all major North American sports leagues and major international. Unlike Vegas sportsbooks or online betting websites, OLG odds are fixed. That means that once they are set, they don’t change. With so many sports and events available for wager, this simplifies the process. Sports betting is, for the most part, illegal in Canada. Operators are not permitted to run retail betting shops or on-location kiosks. This is quite ironic, as Canada is a sports-loving nation. As a result, Canadian players have had to rely on international online operators for all of their sports-wagering needs. The information contained on or generated by this page is not official and may not accurately reflect the game, game numbers, odds or payouts. In the event of any discrepancy between this information and the official information and prize calculations of WCLC, the latter shall prevail. OLG Online Sports Betting For Canadians in the Great Lakes region, the Ontario Lottery and Gaming Corporation (OLGC) is the provider of online sports betting, commercial and Aboriginal casinos, along with slot play at horse betting tracks.
TORONTO, ON – Today, the Ontario Lottery and Gaming Corporation (OLG) released a Request for Proposals (RFP) to select a service provider to enhance and expand sports betting in Ontario.
OLG’s new sports offering is a key part of its vision to develop world class gaming entertainment for Ontario. New technology will bring innovation and variety to new sports products that will be available at retail locations, as well as online and through mobile devices.
Responsible Gambling (RG) is a priority for OLG. The new sports offering will include PlaySmart content for both online and retail channels and RG tools and resources will be available to online customers.
Ontario will be joining four other Canadian jurisdictions that offer sports products online and on mobile platforms, as well as at retail locations: Atlantic Canada, Quebec, Manitoba and British Columbia.
OLG expects to select a service provider for a sports betting solution in fall 2018.
At more than $2.3 billion annually, OLG provides the Ontario government with its largest source of non-tax revenue.
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OLG is the Ontario government agency that delivers gaming entertainment in a socially responsible manner. OLG conducts and manages gaming facilities, the sale of province-wide lottery games, PlayOLG Internet gaming, the delivery of bingo and other electronic gaming products at Charitable Gaming Centres and is helping to build a more sustainable horse racing industry in Ontario. Since 1975, OLG has provided nearly $47 billion to the Province and the people of Ontario. These payments to the province support the operation of hospitals, amateur sport through the Quest for Gold program, local and provincial charities and problem gambling prevention, treatment and research.
All for Here – 100 per cent of OLG’s proceeds are invested in Ontario
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THE ONTARIO PROBLEM GAMBLING HELPLINE 1-888-230-3505
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CONTACT:
OLG MEDIA RELATIONS
1-888-946-6716
The purpose of the OLG’s licensing process is to ensure that those seeking to do business in the District’s sports wagering industry meet the statutory requirements.
Licensing falls into four categories: Operator, Management Services Provider, Supplier and Occupational.
Applicants in each licensed category will be asked to submit substantial information and documentation that will assist the OLG in determining their overall suitability. Each Applicant and its qualifiers will undergo thorough background investigations to ensure they meet high standards for good character, honesty, integrity and financial suitability.
The due diligence investigations of license applicants cover their regulatory history in other jurisdictions, financial stability, compliance plan and history, and recent litigation, among other areas. The investigations for qualifiers – those individuals who are officers, board members or key investors of the Applicant – cover their employment history, criminal record, education, stock holdings and financial suitability, among other areas.
The OLG is using the International Association of Gaming Regulators’ (IAGR) Multi-Jurisdictional Business Form as the basis for information collected from an Applicant, along with addendums requesting information specific to an Applicant’s proposed sports wagering operations in the District.
APPLYING FOR A STANDARD SPORTS WAGERING LICENSE
The information requested in the application is required in the OLG’s evaluation process. An Applicant for any category of licensure will have ninety (90) days to complete their application. The OLG reserves the right, at any time, to request additional information it may consider necessary to conduct its evaluation.
Accurate completion and timely submission of the application and supporting documents are essential for the OLG’s evaluation of the application.
Potential applicants for a sports wagering license are advised to contact the OLG Regulation and Oversight Department at (202)788-2100 to arrange a “scope of licensing” meeting prior to beginning the application process. The purpose of this meeting will be to provide each individual applicant with the information that will be required on their application forms and to determine what companies and individuals will need to file application forms for licensing purposes
Any misrepresentation, failure to reveal information, failure to provide requested information or grant any authorization requested by the OLG may be taken as an indication of a lack of suitability for the Applicant to be granted a license or other authorization/approval.
Applicants for Sports Wagering Operator, Management Services Provider, Supplier and Occupational Licenses can apply via the OLG’s licensing portal.
APPLYING FOR A PROVISIONAL SPORTS WAGERING LICENSE
OLG may issue Provisional Sports Wagering Licenses to qualified Applicants that are currently fully licensed in other Office-approved gaming jurisdictions to apply for a temporary/provisional license in the same category or equivalent category of license while completing the necessary steps for a standard operational license in the District.
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The “Office-approved gaming jurisdictions” that will be taken under consideration in the OLG’s provisional sports wagering licensing process have been set by Executive Order 20-S-001 and can be obtained here.
A Provisional Sports Wagering License shall be valid for a period of up to six (6) months. The Executive Director may extend the Provisional Sports Wagering License period upon a showing of good cause. While operating under a Provisional Sports Wagering License, the Licensee shall adhere to all applicable requirements. The Applicant must complete the OLG’s full sports wagering licensing applications and meet all requirements prior to being issued a standard sports wagering license. The initial standard license term of the Applicant shall be reduced by the number of days the Applicant held a Provisional Sports Wagering License.
Potential applicants for a sports wagering license are advised to contact the OLG Regulation and Oversight Department at (202)788-2100 to arrange a “scope of licensing” meeting prior to beginning the application process. The purpose of this meeting will be to provide each individual applicant with the information that will be required on their application forms and to determine what companies and individuals will need to file application forms for licensing purposes.
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Applicants for Provisional Sports Wagering Operator, Management Services Provider and Supplier Licenses can apply via the OLG’s licensing portal.