Summary:
PlayNow is the first regulated online platform for gambling and sports wagering in the province. There are over 500 casino games and a full suite of sports betting offerings on the platform. Economic development, health care, education, and plenty of community services in the province will be supported by the websites’ profits, as they will be split evenly between the province and FSIN.
The first regulated online platform for gambling and sports wagering was launched by the Province of Saskatchewan this week. The province launched PlayNow on November 3, 2022, where eligible bettors will be able to play casino games and wager on their preferred sporting event in a fun but responsible manner.
The launch of PlayNow comes a year after the federal Canadian government decriminalized single- event wagering, which opened up numerous possibilities for the industry. The British Columbia Lottery Corporation owns PlayNow in British Columbia. The gaming is operated by the Indian Gaming Authority and regulated by the Liquor and Gaming Authority.
They are now up and running
The opening of the iGaming sector in the province was possible after the historic agreement between the corporation and the Saskatchewan Indian Gaming Authority, according to the director of communications. Last year, the agreement was announced. She said that the launch was great news for economic reconciliation in the province.
There is a report that says that according to Sask. The digital platform comes with over 500 casino games and a full suite of sports betting offerings. Economic development, health care, education, and plenty of community services in the province will be supported by the websites’ profits, as they will be split evenly between the province and FSIN. In four years, it is projected that it will generate 60 million dollars.
There has been a lot of ads and promotions in the industry because of the legalization of single-sports betting. The province chose PlayNow because it boasts some tremendous responsible gambling features. There are reminders of time and money on the site, as well as problem gambling referral information and advisors available 24/7.
PlayNow is already online in B.C., Manitoba and SASKATCHEWAN, which gave the province a chance to make its research before going all in on sports gambling. She shared that she is happy that more gaming revenue is staying in the province, as the new online portal should bring in more gamblers from the grey market.
There are fiscal numbers for the years 2021-2022
The fiscal numbers for the next two years were reported by the company in July. The corporation generated over CA $19.1 million in net revenue in the FY, a huge improvement over the previous year. The rejuvenation in proceeds can be explained by the fact that casino properties were allowed to return to normal after the province relaxed health and safety protocols.
The agency said in its report that it had accumulated revenue of CA$77.8 million, which is a significant increase over last year’s CA$30.9 million. Expenses have increased for the fiscal year, as the corporation shared that they have hit CA$58.7 million, while for 2020-2021 expenses were significantly lower and amounted to approximately CA$44.3 million.
The first legal online gambling website was launched by the province.