Sports Betting Regulation Set To Serve Canadians

Sports Betting Regulation Set To Serve Canadians

Lillie Mcguire
Posted on April 12, 2021 at 12:04pm

Now that the passing of the bill set to legalise singe-event sports betting in Canada appears imminent, local gaming bodies and operators are excited about what this may mean for the country – and in particular, the province of Ontario.

According to Canadian Gaming Association (CGA) President and CEO Paul Burns, since sports betting is already a daily part of the lives of sports loving Canadians, bringing the sector into the regulated sphere of Canadian markets is the final frontier to ensuring revenue for local communities in the form of taxation, and a safe and secure environment for local bettors keen on putting money on all their favourite sports.

Burns says North America is a market with incredible and immense potential, and particularly so because of Ontario’s geographic and population dynamic. The fifth largest Canadian jurisdiction, Ontario is home to more than 14.5 million people, most of whom have a keen interest in following sports. Larger than Pennsylvania as well as Michigan state, and with more people than pioneer sports betting regulator New Jersey, Ontario holds much promise for a booming sports betting industry that is local, managed, and licensed.

Providers Are Ready To Serve

Present and interested in serving the local sports betting and gaming market are several big-name operators and service providers. These include the OLG, DraftKings, FanDuel, and theScore Bet, and PointsBets, among others.  

Coming sports bettors’ way is a smorgasbord of premium betting opportunities – including the NFL, MLB, and NBA, the NHL (hockey), golf, cricket, soccer, tennis, curling and more.

Hockey will likely reign supreme among Canadian bettors, said Burns. Big-win opportunities will come knocking for hockey-fans once single-event sports betting has been regulated in the country; this due to local sports fans having a keen and passionate interest in and high knowledge in the sport.

Creating A Safe Playing Field

The main aim behind local regulation is to re-route Canadian bettors away from offshore and often black-market, unlicensed operators.

Canadians currently spend an estimated $14 billion annually with off-shore sports betting providers – money that will be brought “back home” by local licensing and regulation.

Once local sports betting providers are licensed to provide local bettors with betting products, Canadians will be able to enjoy the safety and benefits of home-grown services that are both safe as well as fair and secure because of proper regulation. This will mean prompt payouts and proper cyber-security.

Get in on the ACTION! Enjoy sports betting ONLINE now.


More News

Sports Betting Canada Revenue To Skyrocket

Lillie Mcguire
Posted on July 01, 2021 at 2:07am
Sports Betting Canada Revenue To Skyrocket

Following the legalization of single-game sports wagering in Canada, an expansive market has been opened up for sports betting Canada operators. This

Sports Betting Canada Bill C-218 Officially Passed

Lillie Mcguire
Posted on June 25, 2021 at 2:06am
Sports Betting Canada Bill C-218 Officially Passed

After months of waiting, sports betting Canada fans can finally breathe a sigh of relief as the Senate has officially passed Bill C-218. This new legi

Sports Betting Canada Bill C-218 Makes Progress

Lillie Mcguire
Posted on May 28, 2021 at 3:05am
Sports Betting Canada Bill C-218 Makes Progress

Big news for sports betting Canada fans. Bill-C218, which is set to legalise betting on single sports events in Canada, has now officially passed its

Esports Entertainment Sports Betting Canada Success

Lillie Mcguire
Posted on May 20, 2021 at 11:05am
Esports Entertainment Sports Betting Canada Success

Esports Entertainment Group has announced that it has experienced a rise in its revenue. The group published its financial results for the third quart

Sports Betting Sites Enter New Era

Lillie Mcguire
Posted on May 18, 2021 at 12:05pm
Sports Betting Sites Enter New Era

Pro Ultimate Frisbee League, the leading global American Ultimate Disc League, also known as AUDL, has just inked an impressive new multi-million doll

New York Legalising Sports Betting Sites

Lillie Mcguire
Posted on April 23, 2021 at 2:04am
New York Legalising Sports Betting Sites

The Governor of New York, Andrew Cuomo, has announced that lawmakers in the state have made the decision to approve a 2022 fiscal year budget that inc

Single-Game Sports Betting Canada Hopes Realised

Lillie Mcguire
Posted on April 19, 2021 at 1:04am
Single-Game Sports Betting Canada Hopes Realised

Single-game sports betting in Canada is becoming a reality. Online sports betting Canada is seeing its hope for single-game betting approaching realis

Celebrities Investing in eSports Betting

Lillie Mcguire
Posted on March 04, 2021 at 2:03am
Celebrities Investing in eSports Betting

The rise in popularity of eSports betting is intrinsically linked to the exponential growth of the industry. And there are quite a few famous people t

888 Credits Poker And Betting With Success

Lillie Mcguire
Posted on July 01, 2020 at 2:07am
888 Credits Poker And Betting With Success

During a recent interim trading update, Poker, Bingo, sports betting and online casino operator 888 Holdings reported a 34% daily average revenue

Adam Sandler Stars In New Sports Betting Film

Lillie Mcguire
Posted on September 30, 2019 at 3:09am
Adam Sandler Stars In New Sports Betting Film

Uncut Gems is a brand-new film that centres on sports betting as the main theme and plotline. Adam Sandler has taken up the lead role, and Uncut Gems