Tonybet, one of the world’s largest and most trusted online sportsbooks, has officially entered the Ontario sports betting market. The move is expected to provide a significant boost to the Ontario sports betting industry, with Tonybet bringing its extensive experience and expertise to the market.
History of Tonybet
Tonybet was founded in 2009 by Antanas Guoga, a well-known entrepreneur and professional poker player from Lithuania. The company initially focused on the Baltic market, but it quickly expanded to other parts of Europe, including the UK and Scandinavia.
Today, Tonybet is one of the largest and most respected online sportsbooks in the world, with millions of customers across the globe. The company is known for its extensive sports betting options, competitive odds, and excellent customer service.
In addition to the Ontario market, Tonybet operates in a range of other international markets, including the UK, Ireland, Spain, Latvia, Estonia, Netherlands, Portugal and Australia. The company is licensed and regulated by a number of respected regulatory bodies, including the UK Gambling Commission, KSA in the Netherlands, Estonia and many more jurisdrictions.
Best and Most Safe Online Sportsbook
One of the key reasons for Tonybet’s success is its commitment to safety and security. Also the brand has been very successfully launched into new markets during 2023, alongside some strategical sponsorships such as the Canadian Premier League, top Soccer in Canada.
Growth of the Ontario Sports Betting Market
The Ontario sports betting market has been growing rapidly in recent years, thanks in part to the legalization of single-game sports betting in Canada. The market is expected to be worth billions of dollars in the coming years, making it an attractive target for sports betting operators like Tonybet.
According to recent data, the Ontario sports betting market has seen a significant increase in wagering volume in recent months. In March 2022, the province saw more than $650 million in sports wagers, a 45% increase compared to the same period the previous year.
Tonybet’s Entry into the Market
With its extensive experience and expertise in the sports betting industry, Tonybet is expected to be one of the top operators in the Ontario market. The company offers a wide range of sports betting options, including popular North American sports like basketball, hockey, and football.
Tonybet also offers competitive odds and a range of promotions and bonuses to attract new customers. The company’s user-friendly website and mobile app make it easy for customers to place bets and manage their accounts, even on the go.
TWith its reputation as one of the best and safest online sportsbooks in the world, Tonybet is well-positioned to succeed in the Ontario market.
As the Ontario sports betting market continues to grow and evolve, it is likely that we will see more international operators like Tonybet entering the market. This is good news for bettors, who will have more options and better odds to choose from. For operators, it is an opportunity to tap into a lucrative and rapidly expanding market.