Horse racing fans' wait is over as Woodbine Entertainment will soon be offering online bets on horse racing events other than HPIbet or dark horse betting. The horse operator reported that it would allow Paris Mutual bets on horse racing through sports betting provider bet365. This will be released in time for the highly anticipated King's Plate 2023 edition.
The integration of horse racing betting into Ontario's third-party sports books has been going on for some time. So far, online betting on these events has only been possible through HPBET and Dark Horse betting, but the legalization of single event betting in August 2021 and the license of bet365 to join the provincial regulatory market enabled the action.
Jim Lawson, CEO of Woodbine, broke the news at the King's Plate Draw and Media Conference on Wednesday at Woodbine Race Track. As a non-profit company, he said horse racing revenue would account for a portion of the revenue and invest back in the sector. Mr Lawson says Ontario's sports betting industry is currently valued at CA$4b and expects to reach CA$10b.
In the future, horse racing will reportedly be a legitimate option for Ontario sports punters through bet365's sportsbook platform in the province. The vertical line must be fully functional by the King's Plate on Sunday, August 20, 2023. Meanwhile, the group will work with other private sportsbooks interested in integrating Paris Mutual horse racing. 온라인카지노
But even after launching third-party sportsbooks, horse racing leaders remain optimistic that HPIbet will remain the preferred choice among online betting companies. This is because the app offers exclusive cashback, a profitable loyalty program that allows you to access the most racing data in one place, or a VIP program titled HPIbet's Prestige.
The statement also noted that HPIbet is the only online platform where players can receive rewards and benefits such as cashback and points. But news of the launch with private operators is an important milestone for Ontario's sports betting and horse racing industry. More game brands are expected to follow suit and adopt ParisMuel bets.
one of the many licensed operators in the province
Bet365 launch of fixed odds horse racing gambling is expected to open doors to millions of athletes. The global operator officially debuted in April 2022 in Canada's most populous state. Completed the transition from the grey market to the regulated market with permission from the Ontario Alcohol and Gaming Commission.
In May this year, the iGaming brand announced a partnership with Practical Play, allowing content to be released from online casino game providers in Ontario. Local players from well-known game brands can now enjoy live casino titles from Sweet Bonanza CandyLand and new but promising game providers such as PowerUP Rulelette.