Online DFS sites in Ontario - February 2023

History of DFS in Ontario

Without a doubt, the new Ontario gambling laws on DFS sites have received mixed reactions. All in all, operators argue that the new market for online betting will be more hospitable for online sports betting than for DFS. So far, big sportsbook operators like FanDuel have pulled out their DFS products from the province. Again, this is because they are certain that the new Ontario gambling bill is not hospitable for their DFS products. Now, obtaining an Ontario DFS license requires operators to meet all the requirements of the new Ontario DFS regulation. To start, the Alcohol and Commission of Ontario (AGCO) requires a CAD$100,000 registration fee. Additionally, operators will be hit with a 25% tax on their DFS revenue. All in all, most operators do not agree with the fees. What's more, late registration fees alone can be a deal breaker for smaller operators. Additionally, there are Ontario DFS restrictions on fantasy contests. In this case, players in Ontario can only compete against players in the province. As a result, contests and prizes will be significantly smaller. Despite this, there are still several DFS offerings in the province. Furthermore, many more operators have applied to obtain an Ontario gambling license before 4 April 2022. So far, at least 30 operators have started the process with the Ontario gambling authority to join the new iGaming market. Once operators meet all the regulatory conditions, their DFS products could go live in Ontario as early as 4 April 2022.

Online DFS Laws in Ontario - Are Online DFS Sites Legal in Ontario?

Daily Fantasy Sports contests have been legal in Ontario for some time now. However, the new Ontario gambling laws from the Alcohol and Gaming Commission of Ontario will result in several Ontario DFS restrictions. According to the online DFS news in Ontario, Ontario will launch licensed sports betting and gaming on 4 April 2022. This will end state monopoly. Before that, existing and new operators will have to apply for an Ontario gambling license for their DFS products to legally operate in the province. Unfortunately, DFS giants FanDuel and DraftKings have announced that they will shut down DFS contests in Ontario. As mentioned earlier, they are among DFS operators that are in disagreement with the new Ontario DFS regulation. Nevertheless, there are still plenty of exciting DFS operators that will soon go live in Ontario. However, it is important to note that the legal legal gambling age in Ontario does not apply to DFS players. According to the Ontario gambling laws the Ontario DFS legal age is 19 years.

Online DFS Sites in Ontario - Licensed, Trustworthy DFS Sites in Ontario

Due to the inclusion of DFS in the Ontario gambling bill, many sportsbook operators have decided not to obtain an Ontario gaming license for their DFS products. As mentioned earlier, some of these operators include DraftKings and FanDuel. However, the new Ontario DFS regulation has not stopped several sportsbooks from applying for licenses at the Ontario gambling authority. So far, it is expected that the following sportsbook operators will launch on or after 4 April 2022:

• PointsBet
• BetMGM
• BetRivers
• theScore Bet
• LeoVegas
• Caesars
• Hard Rock Sportsbook
• CrossBet
• Rush Street
• NorthStar Bets
• Interactive
• Rivalry
• Unibet
• theScoreBet
• 888 Sport

Ontario DFS App - Is Mobile Gaming Possible from Ontario?

From 4 April 2022, it is expected that several sportsbooks that obtain an Ontario gambling license will enable mobile gaming for their DFS products. Without a doubt, mobile gaming will enable players in Ontario to take the DFS experience to a whole new level.

Ontario Online DFS Payment Methods - How to Deposit and Withdraw Money in Ontario?

According to the Alcohol and Gaming Commission of Ontario, DFS players will be able to use a variety of online DFS payment methods. Under the Ontario gambling bill, DFS players can deposit and withdraw money using Visa, MasterCard, Interac Online, Visa Debit, or MasterCard Debit. Furthermore, the Ontario gambling authority will also permit only DFS payments made by money wire transfer and electronic funds transfer. Lastly, the Ontario DFS restrictions do not accept cash and cheques as forms of payment.

Online DFS Sites in Ontario that Accept CAD

So far, the Ontario gambling laws regarding the form of currency accept for online DFS payments have yet to be confirmed. Fortunately, residents of Ontario will soon learn about the Ontario DFS restrictions on currency for online deposits and withdrawals. However, based on the currency Ontario gambling bill, it is highly likely that CAD$ will be the sole currency accepted by online DFS sites in the province. If not, online DFS sites in Ontario will likely place CAD$ as the primary currency.