- The Canada sports betting bill has succeeded in the Senate reading and moved on to deliberation in the Senate’s Standing Committee on Banking, Trade, and Commerce.
- This bill would bring full-scale sports betting to Canada.
- The CEO of theScore bet, John Levy, has issued a statement on the bill progressing.
OTTAWA, Canada – Sports betting fans in Canada are one step closer to having a full-scale market after the C-218 passes the reading phase in the Senate.
The bill now moves to the deliberation phase in the Senate’s Standing Committee on Banking, Trade, and Commerce.
This is the final phase before voting on full-scale sports betting in Canada takes place. There is a lot of optimism surrounding this bill.
Canada Sports Betting Incoming
Currently, Canada only offers to parlay betting at select locations. C-218 would expand sports betting to include single-game wagers as well.
The bill would also expand legal sports betting similarly to the US, where the provinces would regulate their own markets the way states were granted the power following PASPA’s repeal.
Popular Canada-based entities like theScore are excited for the potential this bill would bring to Canada. Canada has a strong sports fan base and provinces would benefit greatly from the boom in revenue.
“With today’s passing of Bill C-218 on second reading in the Senate, we are now one important step closer to legalizing single-event sports betting in Canada,” said John Levy, Founder and CEO of Score Media and Gaming. “The Bill has now been referred to the Senate’s Standing Committee on Banking, Trade and Commerce, which provides another opportunity to discuss how safe and regulated sports betting will benefit all Canadians by implementing necessary consumer protections, generating critical tax revenue for our communities and driving job creation. Following committee, we are optimistic that Bill C-218 will be swiftly passed at third reading in the Senate, receive Royal Assent and become law.”
Canada is estimated to see between $3.8 billion and $5.4 billion in annual gross gaming revenue with the potential new expanded sports betting market based on how online gaming works in other markets.
While local Canada players are still waiting for the market to launch, the bill moving forward is a big move towards full-scale sports betting in Canada.
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News tags: Canada | John Levy | Ottawa | Score Media | Senate’s Standing Committee On Banking Trade And Commerce | theScore | Toronto
Coming from a background in narrative-based writing, Giovanni strives to write stories that will keep the reader engaged. Although he does pride himself in being accurate, how the story is told is also very important to him. When he’s not keeping readers up to date on sports betting laws and legislation, you can find him writing and recording music, playing videogames, or engaged in heated sports debates with his friends.