Potential New Sports Betting Laws for Canadian Border Cities
Online gambling is one aspect of the industry that’s growing at a rapid rate worldwide. An uncountable number of people around the world are involved in it, making it worth millions in the global industry. Despite this wide popularity, there are still certain countries who are not open to online gambling in their borders. Canada is one of these countries. Although Canada does not completely outlaw all types of betting, the betting options are limited, with many rules placed on the betting industry within the borders especially in Sports betting.
This was also applicable to the United States with a 2-decade old law under for Professional and Amateur Sports Protection Act. This law banned sports betting in every American state except Nevada. It was only recently this law got changed. This change seems to have an effect on Canada.
Being neighboring countries, the fact that some United States cities along the border such as Winnipeg, Vancouver and Montreal, are presently insisting the state legislature allows single bet gambling on sports, an activity which is banned in Canada, a discourse has emerged.
Effect On Canada
The reason to this is that the Canadian law only allows parlay betting. Due to this, Canadians in the gambling industry complain that there will be a reduction in their interests and a competitive market which is too close for comfort. This is because they believe customers will naturally gear towards the direction of operators who will provide them with more options thereby reducing their revenues.
This worry from the Canadian operators is not unfounded. Being neighboring countries, a number of Canadian towns such as Ottawa, Calgary, Montreal, Regina, Winnipeg, Vancouver, Thunder Bay and Fredericton, all have gambling industries. There are high chances that American operators in Seattle, Boise or Detroit might provide more gaming options to customers than their Canadian counterparts, putting the Canadians at a competitive disadvantage.
As disturbing as this is, it leads to another issue which is the illegal offshore sports gaming issue. This is because statistics state that Canadians spend about $5 billion dollars yearly on offshore sports gaming hence there’s a high chance that they will lose more revenue from legal gaming to new competitors who are so close.
The solution lies in the hope that Canada will legalize single-sports betting on time. Different provinces have started campaigns for this legalization of sports betting. It’s noteworthy that campaigns for single sports betting in Canada have been launched previously. The House of Commons refused to legalize it back in 2016. If single sports betting is legalized this time, Canadian operations can be a step ahead of their American competitors.
The Canadian legislators obviously can see this future challenge and how much money is at stake. Due to this, the legislator might give better attention to this request. Still, the decision from the House of Commons this time remains unpredictable.