Canada
Top Wealthiest Canadian Athletes? Billionaire takes the number one spot
OLBG.com, a sports betting community platform, analyzed data surrounding Canada’s most successful athletes to identify who amongst them has the highest net worth. OLBG started by looking at Canada’s most popular sports, as well as more niche sports.
Our research revealed that the wealthiest Canadian athlete and only billionaire on the list is rally driver Peter J Thomson, with a net worth of $11 billion CAD. A majority of Thomson’s net worth comes from his businesses that are completely outside the sports realm. Wayne Gretzky takes the 2nd spot amongst the wealthiest Canadian athletes, with a net worth of $320 million CAD. Gretzky built his status through hockey, however, even after his retirement he’s continued to build his career with many other investments and business ventures both within and outside the hockey world.
Hockey is one of Canada’s most loved sports, so it comes as no surprise that six out of the top 10 wealthiest Canadian athletes are hockey players – with Sidney Crosby making it to the #6 spot with a net worth of $96 million CAD. The other four spots are taken up by one basketball player, one Formula 1 driver, one rally driver, and one baseball player.
In our top 10 list, five of the athletes are from Ontario, this includes the: #1 spot (Peter J Thomson), #2 spot (Wayne Gretzky), #4 spot (Joey Votto), #7 spot (Chris Pronger), and #9 spot (Joe Thornton). We also have two athletes from Quebec, one from Nova Scotia, one from Alberta, and one who was born in South Africa but immigrated to British Columbia.
Comparing the salaries of high-profile rally drivers to the salaries of other high-profile athletes, we saw a staggering difference. Looking at the top players in hockey, basketball, or even baseball, their salaries far exceed what Thomson earned. The yearly salaries of sports players on our top 10 list average around $10 million, whereas a high salary for a rally driver is around $2 million. Although rally drivers are less popular and make a smaller salary than other typical sports players, our rally driver Peter J Thomson still takes the number one spot of wealthiest Canadian athlete.
Other findings in our research reveal a lack of equality, as a majority of our mentions are white males. There was only 1 POC and no women were included in our top 10. An investigation by CBC Sports reveals that there is a prevalent issue among Canadian sports. They looked at 400 top positions at 56 universities, and only 10% of the positions were held by POC.
Richard Moffat, CEO at OLBG.com commented: “It’s interesting to see athletes building their businesses both during and after their athletic careers. This research shows how being a sports personality is a real catalyst for wealth in Canada.”
For more detail and the full top list see our infographic attached in email, as well as content on site: https://www.olbg.com/ca/blogs/wealthiest-canadian-athletes
Canada
Bally’s Interactive Launches the New Bally Bet Sportsbook & Casino App in Ontario
Bally’s Interactive, the digital and sports betting division of Bally’s Corporation, has launched the all-new Bally Bet Sportsbook & Casino app in Ontario, Canada. This latest release marks another significant milestone for the company, following the recent app update in New Jersey and a series of successful app launches in the past year, including the introduction of Bally Bet Sportsbook across multiple states and Bally Casino in Rhode Island.
The updated Bally Bet Sportsbook & Casino app represents a major step forward, as it combines the functionalities of the existing Bally Casino app and Bally Bet Sportsbook app into one comprehensive platform. Powered by White Hat Gaming, this new app allows players residing in or traveling to Ontario to conveniently place wagers on both sports and casino games using a single app, account, and universal wallet.
“We are thrilled to introduce the new Bally Bet Sportsbook & Casino app, marking a significant milestone for Bally’s. This integrated platform merges the features of our previous apps, providing players in Ontario with a seamless experience for both sports and casino betting. Our commitment to enhancing the player experience remains at the forefront as we strive to personalize the enjoyment of playing Bally Bet,” said Robeson Reeves, CEO of Bally’s Corporation.
Canada
Be #GiftSmart: Scratch the Idea of Gifting Scratch & Win Tickets to Kids
BCLC reminds adults to gift responsibly this holiday season
With the holiday season in full swing, BCLC is reminding British Columbians to gift responsibly and scratch lottery products from their shopping lists for kids.
“Scratch & Win tickets can make great stocking stuffers for the adults in your life, but they’re not for kids,” said Ryan McCarthy, BCLC’s Director of Player Health. “The research shows that children who have early encounters with gambling are four times more likely to develop riskier gambling behaviour as they grow up. While people are out shopping for those last-minute gifts, BCLC wants adults to be aware of the potential risks associated with gifting lottery products to children and to consider safer alternatives.”
While Scratch & Win tickets are among the most common ways kids can be introduced to gambling, children are increasingly exposed to various online forms, such as gambling streams.
“With the convergence of gaming and gambling, youth are becoming more exposed to gambling content in online spaces like streaming sites, where creators are able to live-stream their own gambling, usually while playing online slots and instant games,” said Dr. Luke Clark, Director for Gambling Research at UBC. “Our research at the UBC Centre for Gambling shows that a higher frequency of watching online gambling streams is associated with a more positive attitude towards gambling and a high intention to gamble in the future.”
In B.C., it is illegal to sell lottery products to anyone under the age of 19 and BCLC encourages adults to have conversations with the kids in their lives about the risks associated with gambling.
“Open and honest conversations are crucial when it comes to navigating childhood exposure to gambling,” said McCarthy, who shared the following tips to adults:
- Monitor for gambling-related lifestyle changes. For example, developing a positive attitude towards gambling or a preoccupation with video games or streaming sites.
- Be a positive role model. Exhibit safer gambling behaviour and talk about the risks.
- Limit exposure. Monitor kids’ online activities and discourage engagement with gambling content. Explain how gambling is based on chance.
Canada
Jackpot Digital Receives Approval from AGCO as a Registered Gaming Supplier
Jackpot Digital Inc., a leading provider of innovative dealerless electronic poker gaming solutions, has announced that the Alcohol and Gaming Commission of Ontario (AGCO) has approved the Company to be licensed as a registered Gaming Related-Supplier (the “Supplier License”) under the Gaming Control Act in the Province of Ontario.
This significant achievement allows Jackpot Digital to enter one of the most dynamic and rapidly growing regulated gaming markets in North America. The Supplier License authorizes Jackpot Digital to supply its electronic table games to Ontario’s gaming venues, including casinos and other regulated gaming facilities.
Jackpot Digital’s flagship product, the Jackpot Blitz electronic table game system, offers a modern, dealerless, player-friendly solution that integrates traditional multiplayer poker games with cutting-edge digital technology. The Supplier License will enable the Company to offer its innovative gaming solutions to operators throughout Ontario, driving new revenue opportunities and enhancing player experiences.
“Receiving AGCO’s approval is a major milestone. This approval provides us with the opportunity to offer our top-tier electronic gaming systems to operators throughout all of Ontario, positioning us for further growth in one of the world’s most robust gaming markets. We are excited to bring our innovative products to Ontario’s gaming community and continue our commitment to providing exciting, technology-driven entertainment experiences,” said Jake Kalpakian, CEO of Jackpot Digital.
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