Stake joins 30 operators live in Alberta’s iGaming market

Operators keep 80% of net iGaming revenue; the government keeps 20%, with 3% of gross revenue ring-fenced for First Nations & addiction treatment.

The hit

Stake Canada has conditional registration from the Alberta Gaming, Liquor & Cannabis Commission (AGLC) & is targeting an Oct 12 launch, according to Covers.com. The date lands one day before the deadline for operators seeking an Alberta licence to exit the province’s unregulated grey market. Stake still needs a commercial operating agreement with the Alberta iGaming Corporation (AiGC) before it can legally take wagers.

Why it matters

The AGLC handles licensing & compliance while the AiGC manages operating agreements & the province’s revenue split, a two-step process that is part of what has made Alberta attractive to global brands. Stake first appeared on the AGLC’s registered-operator list in late September before its conditional registration landed. It now joins a market with FanDuel, DraftKings, BetMGM & Bet99 already live.

The record

Conditional registration granted	Oct 6 (Alberta Gaming, Liquor & Cannabis Commission)
Grey-market exit deadline for operators	Oct 13
Alberta iGaming platforms approved	50+, with around 30 operational
Alberta market launch date	July 13
Operator revenue share under AiGC framework	80% kept by operators, 20% to government

What happens next

Watch whether Stake finalises its operating agreement with the Alberta iGaming Corporation in time for the planned launch, & whether other grey-market operators exit before the deadline.

Sources: Stake Secures Alberta iGaming Licence, Sets Oct. 12 Launch Ahead of Gray-Market Deadline · Stake Canada Secures Alberta iGaming Licence, Targets Oct. 12 Launch

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