FOR IMMEDIATE RELEASE
March 28, 2022
Contact: Michael Fiez
(608) 310-7547 – email@example.com
Ontario regulations put fantasy sports in danger
While the Fantasy Sports & Gaming Association (FSGA) welcomes the regulation of single event sports wagering in Ontario, the regulations have unfortunately made operating paid fantasy sports contests in the province impossible for almost every operator. An estimated 2 million fantasy sports players in Ontario will not be able to play paid fantasy sports contests as a result. And the exodus has already begun, as evidenced by FanDuel’s announcement March 25 that it will no longer offer paid or free daily fantasy contests in Ontario starting April 1.
The current regulations from the Alcohol and Gaming Commission of Ontario require a CDN$100,000 registration fee and 25% revenue, both almost double the rate of any U.S. state.
Paid fantasy sports contests operate differently than sports betting, iGaming or brick and mortar casinos, with low margins and player pools from multiple jurisdictions. Large registration fees are especially prohibitive for smaller operators and reduce competition as witnessed in U.S. states such as Indiana and Delaware. Ontario’s fees and regulations are large enough, however, that even the largest operators can no longer offer contests in the province.
We ask that our member companies and millions of fantasy sports enthusiasts contact their elected representatives in Ontario to let them know that their ability to play paid fantasy sports contests is in serious jeopardy. The FSGA will continue to work with the AGCO to find a path for our member companies to return to operating in Ontario.
The Fantasy Sports & Gaming Association is the only national organization representing the interests of fantasy sports and gaming companies. We are the voice for more than nearly 60 million fantasy sports players in the United States and Canada, and for the companies that provide services, news, information and competition to support these growing industries. Our members are sports and gaming enthusiasts, with companies that range from small startups to large media corporations. Our mission is to provide our members with essential research and data, networking opportunities, and collective action to help them reach their potential. For more information, visit https://thefsga.org/.