Canada sports bettors nationwide could soon have access to legal single-game sports betting.
The Senate of Canada passed a bill that permits each province to approve single-game wagering. Before Tuesday’s 57-20 vote (with five abstentions), Canadians could only legally bet on sports through multi-leg parlays.
Following Royal Assent, a perfunctory final approval, third-party sportsbook operators will now be allowed to work with provincial partners, the Canadian Gaming Association (CGA) said in a statement. Each Canadian jurisdiction will have to regulate, approve and license each individual sportsbook, but officials are targeting a 2021 launch for single-game wagers.
“This is a major milestone and achievement for the Canadian gaming industry,” said Paul Burns, President and CEO of the CGA, in a statement. “The CGA has been working to legalize single-event sports betting for more than 10 years and Bill C-218 benefited from a groundswell of broad stakeholder support from across Canada.
“The need for regulation, oversight, player protection, and the creation of economic benefits for Canada was understood by everyone involved in the legislative process, which is why the Bill was successfully passed.”
It’s too early to tell which operators will come to Canada and in which provinces, but U.S. sportsbook leaders such as DraftKings and FanDuel have already expressed interest in the market of nearly 38 million people.
Source: Action network