Stake Ontario Overview - What to Expect in 2024

When Is Stake Coming to Ontario?

Stake is planning to re-enter the market with Stake.ca, a platform designed to comply with Ontario's regulations, expected in 2024. Once it's live, you'll be able to see it on iGaming Ontario.

✅ Stake.ca will offer a Canadian-facing version tailored to meet Ontario's legal requirements, including payment methods and game offerings.

✅ The site is live, but the official launch is expected in 2024, pending final licensing approvals.

If you're looking for a crypto casino in the meantime, we recommend checking out Flush Casino.

Stake.com Status

As of April 9, 2023, Stake.com is no longer available in Ontario due to the platform's failure to secure a license from Ontario's Alcohol and Gaming Commission (AGCO) in 2023. We do NOT recommend using a VPN, as that breaches Stake's terms.

Were you looking for Stake.com? Go here.

Why Is Ontario So Strict on Gambling?

gambling laws are strict in Ontario

Consumer Protection

Ontario's strict regulations are designed to protect consumers, ensure fair play, and generate significant tax revenue. The Alcohol and Gaming Commission of Ontario (AGCO) enforces these regulations, requiring operators to adhere to rigorous standards that prioritize player safety and transparency.

Unfortunately, with this consumer protection they pissed of a lot of players when they took them off from stake.com as you can see here. Forum member "Hypeko" says:

"All players bet with stake because it was special unlike any other online casino out there. The vip level bonuses are what set stake from other sites apart. To take away that away from players and make them start over with such short notice is obsurd. It’s not okay!!!"
forum member on stakecommunity.com showing 6 figure wagers
Image credit: Hypeko

Detailed Regulatory Framework

According to the AGCO's Internet Gaming Operator Application Guide, operators must undergo a comprehensive application process. This includes entity disclosure, detailed documentation, and continuous compliance checks to maintain their registration. The guide emphasizes the importance of understanding and adhering to Ontario’s legal requirements to operate legally within the province.

Comparison with Other Provinces

Ontario enforces more rigorous standards than other Canadian provinces, many of which allow "grey market" operators to function with less oversight. These provinces may not have the same level of consumer protection, which Ontario aims to address through its stringent regulatory measures.

Commitment to Integrity

The AGCO’s framework not only focuses on consumer protection but also on maintaining the integrity of the gaming industry. This includes measures to prevent money laundering, ensure the fairness of games, and safeguard vulnerable populations from gambling-related harms.

Licensing Process for Online Casinos in Ontario

The licensing process can take six months to over a year, depending on the operator's ability to meet the stringent standards set by the Alcohol and Gaming Commission of Ontario (AGCO). This timeline reflects the complexity of the requirements and the thoroughness of the AGCO’s review process.

  1. Pre-Application Preparation: Operators must gather and prepare comprehensive documentation, including financial records, business plans, and responsible gaming strategies. These documents must demonstrate the operator’s capability to meet Ontario’s regulatory standards, particularly in areas such as anti-money laundering (AML) protocols, player protection measures, and overall business integrity.
  2. Application Submission: The application process involves submitting a detailed application package to the AGCO. This package includes the aforementioned documentation and a non-refundable application fee. The application must also include an entity disclosure, outlining the organizational structure, key personnel, and any relevant corporate history that might affect the approval process.
  3. Comprehensive Review Process: Once the application is submitted, the AGCO conducts an exhaustive review. This review includes background checks on key individuals and entities associated with the applicant, financial audits, and an assessment of the operator's ability to adhere to Ontario's rigorous regulatory requirements. The AGCO may request additional information or clarifications during this stage to ensure full compliance.
  4. Approval and Operating Agreement: If the application passes the review stage, the AGCO grants a provisional license, allowing the operator to proceed with setting up operations. Following this, the operator must enter into an operating agreement with iGaming Ontario (iGO), which outlines the specific terms and conditions for offering gaming services in the province.
  5. Ongoing Compliance and Monitoring: The responsibility of maintaining the license extends beyond the initial approval. Operators are subject to regular audits, reporting requirements, and compliance checks by the AGCO. These ongoing assessments ensure that the operator continues to meet all regulatory standards, including updates to responsible gaming measures, financial stability, and adherence to AML regulations.

The Demand for Stake in Ontario

There is significant anticipation for the return of Stake in Ontario, as demonstrated by the active discussions among users. Stake has built a strong fanbase in the region, and many are eagerly awaiting its re-entry into the market. This enthusiasm is well-captured in a Reddit post:

Stake.ca
by u/TH3_BE4R in Stake

In this post, the user expresses frustration over the delay in Stake’s return, stating:

"I’ve literally been waiting over 2 years for Ontario to have Stake back after it was banned. I asked Eddie on a live stream and all he said was that it was coming soon. In 2022 the website said coming 2023. After 2023 came, it now says coming 2024. I wish there were more updates on what’s going on with this. There is a huge market in Ontario for Stake, especially with Drake being a staple to their marketing as his hometown is Toronto. I just want some updates. I love Stake exclusives and want to play again. I won my first big win on Stake’s Plinko."

This post reflects the broader sentiment among many Ontarians who are eager to see Stake.ca launch. The platform’s unique offerings, such as Stake exclusives and popular games like Plinko, combined with its association with high-profile figures like Drake, have created a strong demand in Ontario. The delay in the launch only seems to heighten the anticipation, with many users frequently seeking updates on the status.

Drake from Toronto
Image from: Getty images

Given the existing fanbase and the strong brand presence, particularly with local icons like Drake, it’s clear that Stake.ca is poised to be a major player in the Ontario market upon its launch. The demand is palpable, and the eventual return of Stake to Ontario is expected to be met with significant enthusiasm and participation.

What Games Will You Be Able to Play at Stake.ca?

game selection at Stake casino

When Stake.ca launches, it is expected to offer a wide range of games similar to those currently available on Stake.com. Here's a preview of what you can expect:

Can You Play on Stake.com with a VPN if You Live in Ontario?

Using a VPN to access Stake.com from Ontario is a violation of Stake’s terms of service. Here’s what you need to know:

In summary, while it might be technically possible to use a VPN to access Stake.com from Ontario, doing so is against the rules and could lead to severe consequences. It's advisable to wait for the launch of Stake.ca, which will be fully compliant with Ontario's regulations.

Crypto Casinos and Ontario Regulations

Regulations: Ontario requires all transactions to be conducted in Canadian dollars (CAD), complicating direct cryptocurrency use.

Adaptation for Crypto Platforms: Platforms like Stake must convert crypto to CAD or provide traditional payment methods to comply with Ontario’s rules.

Why Should You Play at Stake Ontario When It Launches?

VIP program at stake unlike any other
Image credit: Dana Nikolic

Generous Bonuses and Rewards: Stake Ontario is expected to offer a wide range of bonuses that reward your loyalty. This includes weekly and monthly bonuses, as well as random bonus drops, ensuring that you’re always getting the most out of your gaming experience.

Exclusive VIP Program: As a VIP player, you’ll enjoy benefits like rakeback and cashback on losses, starting from the Bronze level. Higher-tier VIPs can also look forward to daily reload bonuses, making Stake a top choice for frequent players.

Extensive Game Selection: Stake.ca will feature an impressive selection of games, including top slots from developers like Pragmatic Play and Hacksaw Gaming. You can also enjoy live casino games with real dealers, traditional table games, and a robust sports betting platform covering events from soccer to eSports.

Active Community and Social Features: Engage with other players through Stake’s interactive live chat feature. Plus, participate in weekly events for a chance to win big, including a weekly draw where you could win up to $5,000.

Trust and Security: Stake.ca will operate under strict regulations enforced by Ontario’s Alcohol and Gaming Commission (AGCO), ensuring a secure and fair gaming environment. The platform will also offer tools to support responsible gambling, helping you manage your gaming habits effectively.

Alternatives for Ontario Players

Crypto Casinos: If you're looking for a crypto casino, we can recommend Flush.

Quick Questions and Answers about Stake Ontario

❓ Is Stake Casino Legal in Ontario?

Stake.com is not currently legal in Ontario. The launch of Stake.ca in 2024 will provide a legal platform for Ontario players.

❓ Why Are Ontario's Gambling Laws Stricter?

Ontario's laws are designed to protect consumers, ensure fair play, and generate tax revenue, making them more stringent than those in other provinces.

❓ Does Ontario Allow Crypto Gambling?

Ontario restricts the use of cryptocurrencies; all transactions must be in CAD. This can change when Stake.ca launches, we will keep an eye on the status and update here as soon as we find out.

❓ How Long Does Licensing Take in Ontario?

Licensing can take from six months to over a year, depending on the operator’s compliance with AGCO regulations.

❓ When Will Stake.ca Launch?

Stake.ca is expected to launch in 2024, pending final regulatory approval.

❓ What's the Minimum Age to Play Casinos in Ontario?

The minimum legal age to play in casinos in Ontario is 19 years old. This applies to both land-based casinos and online gambling platforms operating legally within the province.