Loto-Quebec Ready
for Online Gambling
February
9, 2010
The online gambling market
is quickly growing in size. Many companies that years ago would not have
thought twice about being a part of it have jumped on the band wagon in
order to get their foot in the door of an ever increasing market. We
especially see this in the United States where with the passage of the
Unlawful Internet Gambling Enforcement Act, or UIGEA, many online
gambling companies fled the US market. It also acted as a deterrent to
those that might have been considering entering it – but now that it
looks as though online gambling will be legalized and regulated, more
and more companies are joining the industry or at least looking into it.
The same goes for many companies in Quebec. There are those that have
felt that the online gambling market has been getting so large that it
would be worthwhile for the Loto-Quebec company to be a part of it. They
think that the lottery is missing out on a great opportunity to gain
some more revenue from the source. Reports have Canadians spending $675
million on online gambling in 2008 and they expect that they will be
spending somewhere in the vicinity of one billion dollars by 2012.
They say that this would be a good move for the company, and they have
submitted an online gambling proposal which the provincial cabinet is
now looking over. With things moving forward as quickly as they seem to
be, it is expected that they will be a part of the online gambling
market within the next few months. They won’t be the first province to
offer online gambling though, as that honor went out to the British
Columbia Lottery Corporation and the Atlantic Lottery Corporation.
