Single-Game Sports Betting Canada Hopes Realised
Posted on April 19, 2021 at 1:04am
Single-game sports betting in Canada is becoming a reality. Online sports betting Canada is seeing its hope for single-game betting approaching realisation. While it is still unclear as to what single-game betting will look like in each province, there seems to be a great deal of support for a repeal of Section 207(4)(b) of the Criminal Code of Canada in Parliament.
Once Committee meetings were concluded, the Bill was sent back to Parliament for minor rules to be adjusted. Amongst a brief filed by Rogers Communication was a report on the matter prepared by PricewaterhouseCoopers. The report provided an economic analysis of the impact that single-games wagering has had.
The report details that it was commissioned by the Compass Rose Group and was targeted to hit four key points, namely:
- The current scope of regulated and unregulated sports betting sites in Canada
- A summary of how international markets imposed regulatory changes
- Scenarios to determine the potential size of a legal sports betting Canada market based on international experiences
- An overview of the economic and fiscal impacts of the new legalisation
The Landscape Has Changed
The first section of the report notes that the market is currently bifurcated. The report also estimates that 39% of sports betting takes place at land-based retailers, whereas only 3% takes place via sports betting sites in provinces where online sports betting is permitted. This contrasts with the 57% of online sports wagering happening via unregulated operators.
If these numbers of accurate, they indicate that even with limited regulated options, Canada appears to retain significantly more in the regulated market than estimates from their neighbours in the United States.
The Future Of Sports Betting Canada
The analysis included a number of different criteria to estimate the size of a future market for sports betting sites in the country. Interestingly, one solution that was considered to be less feasible in the USA due to constitutional issues is the propose blocking of access to unregulated sites. The report looked at operations for legalisation in the US and in Europe. The results from the analysis of the regulation in Canada follows most closely with that of Denmark.
In terms of reports on sports betting sites, this one appears to contain some sense of reality, which is not always the case. Online sports betting Canada appears poised to repeal the barricade of stopping single-game sports wagering in the coming months.
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