Feb 2, 2021
[1 min Read]
"Canada's Federal government introduced single event sports betting legislation last week following an announcement by Federal Justice Minister, David Lametti. Under the proposed legislation, each of Canada's provincial and territorial governments will be given the discretion to conduct and manage singe event sports betting in their respective jurisdictions. If implemented, this change would open the door to wagering on single event sports in a legal and regulated environment, either online or in land-based facilities."
"Bill C-13, much like its predecessors, proposes to lift the prohibition against provincial and territorial governments conducting and managing single event sports betting. Among other factors, this is surely an effort to create a more competitive gaming market, bolster revenues, and erode the swelling ‘grey-market' for single event sports betting in Canada. Currently, nearly $10 billion is wagered annually in Canada through the use of ‘grey market' single event bookmaking operations. An additional $4 billion is wagered annually through offshore online sports wagering websites and applications.These figures dramatically eclipse the $500 million that is wagered annually through multi-event, or parlay, sports lotteries in Canada."
TheScore already has substantial betting infrastructure in the United States and is a well known news related site/app within Canada. I think it's an easy transition when single-event sports betting is legalized.