ritish Columbia has become the pioneers of online gambling for North America. Although their initial attempt to offer online gambling has not gone smooth, B.C. has still offered the blueprint to millions of dollars in additional revenue.
With B.C. already launching their online casino, and Loto-Quebec launching an online poker site later this year, Ontario will be playing catch up when they enter the online gambling ring. The Atlantic Lottery Corp. may not be far behind, and experts believe that it is only a matter of time before Ontario joins in.
"If I were a wagering person, which I don't do," said Jeff Derevensky, Director of the International Centre for Youth Gambling Problems and High Risk Behaviors, "I would certainly bet that they (Ontario) would, in fact, go into Internet gambling."
Canadian lawmakers have caught on to a fact that other countries have known for years in Europe and around the world, Internet gambling can be a major source of revenue stream from gamblers to the government. Regulated online gambling also offers bettors the opportunity to gamble in a safe environment.
Up until B.C. launched their casino site, North Americans had been placing their online wagers with sites either regulated in other jurisdictions, or not regulated at all. This is one of the prime reasons that Rep. Frank and other US lawmakers are now looking to overturn the Unlawful Internet Gambling Enforcement Act of 2006.
The law places the burden of controlling Internet gambling on financial institutions, but does not give the banks the necessary details to carry out that responsibility. Financial institutions have argued against the UIGEA since its inception.
The B.C. Lottery has opened the door just a crack, but it now appears that the US and other Canadian provinces are preparing to bust the online gambling door down in North America.