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<\/source><\/source><\/source><\/source><\/source><\/picture>In New Brunswick, ALC.ca is the only legal and regulated online gambling platform. Still, offshore sportsbooks like Bet365, BetMGM, and FanDuel are available in New Brunswick and operate in a gray area rather than a highly regulated local market.<\/span> Photo by Adam Heulas\/Brunswick News<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n\nArticle content<\/h2>\n New Brunswick’s gambling revenue is declining, and provincial Finance Minister Rene Legacy said the Holt government is considering legislation for online gaming to stop the bleeding.<\/p>\n<\/section>\n
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The New Brunswick Lottery and Gaming Corporation’s revenue last year was $5.7 million less than expected.<\/p>\n
It was also $8 million lower than it was two years ago.<\/p>\n
That was the question raised by Progressive Conservative finance critic Don Monaghan as MLAs worked through the Holt government’s new budget department by department and line by line over the coming days.<\/p>\n
“Why is it declining? And why are gaming revenues declining? And are we seeing fewer participants or more competition in this space?” Monaghan asked.<\/p>\n
Mr. Legacy responded, “You hit the nail on the head.”<\/p>\n
\u201cThe competition is actually increasing,\u201d he continued.<\/p>\n
\u201cYou don\u2019t have to wait a long time for a sports game to see all the betting programs (advertisements), sports bets, or invitations to different types of games.\u201d<\/p>\n
Legend also followed that several other states began regulating in their respective jurisdictions.<\/p>\n<\/section>\n