Sports betting in Canada could start this fall if passed by parliament
A Canadian Senate Listen Wednesday suggests sports betting Canada could start from Labor Day.
That was the date Canadian Gambling Association President and CEO Paul Burns gave when Senator Elizabeth Marshall asked for a fixed date for the introduction of sports betting, if invoice C-218 Criminal Code Amendment Passes to Allow Single Betting in Canada.
Burns and Canadian Football League Commissioner Randy Ambrosia testifies to the Standing Committee on Banking, Commerce and Industry on Wednesday Eve. Panellists spoke at length about the potential benefits and risks of sports betting in Canada.
The committee will prepare a report before a possible third reading in the Senate.
Quick start of sports betting in Canada?
Marshall asked how soon Canadian sports betting partners could get started if the Canadian Parliament passes C-218. She supports the bill but said it could take years to initiate legislative initiatives.
Burns said it will be a matter of months, maybe weeks, before provincial lotteries launch single-game sports betting. The lotteries are already offering negotiate Sports betting.
“I expect you will see some very robust deals in the fall,” said Burns.
Pushed by Marshall on a specific date, he said, “See you by Labor Day.”
He mentioned British Columbia and Ontario Regulators are already working on rules. Ontario intends to have an open sports betting market.
Chance is waiting in Canada
In his opening address, Burns expressed the opportunity for sports betting to be offered as the Canadian gambling industry works to avoid the effects of the COVID-19 Pandemic.
Burns cited a Deloitte estimate Canadians could bet $ 7 billion initially with growth potential $ 28 billion within five years.
“The benefits range from tax revenue to provincial governments to job creation and economic opportunity,” said Burns.
Burns also mentioned the potential growth of the Canadian tech sector, including The score, with the adoption of the bill.
Growth in Canadian Football?
In addition to many statements from Burns, Ambrosie spoke to the CFL about the advantages of sports betting.
He said the industry would help bring new revenue to the league, from sponsorship to increased TV revenue that comes from increased fan engagement. He refused several times to give a concrete estimate of the possible increase in sales.
“Like so many Canadian companies, we have been hit dramatically by the COVID-19 pandemic,” Ambrosie said. “This is possibly one of the greatest single opportunities the CFL has ever seen, and it couldn’t be at a better time.
“[C-218] has the full support of the Canadian Football League and calls on the Senate to examine and support this immediately. “
Problems with gambling
Several senators asked how to ensure problem gambling does not increase through legalized sports betting. There was also a question about prevention Match fixing.
Burns said while gaming opportunities have increased over the past decade, problem gambling has stabilized and even decreased due to “world-class responsible gaming programs”.
“The reality is that just because there’s a new product doesn’t mean there are new problem players,” said Burns.
Regarding match fixing, Burns said he believes there are regulations that prohibit it. According to Ambroise, the CFL has “safeguards built into our existing ecosystem,” including lifelong bans on match fixing.
Tribal input to sports betting
A second panel on Wednesday heard from tribal captains in Canada. In general, tribal leaders support the legalization of sports betting in Canada.
Mohawk advice from Kahnawà: ke boss Gina Hirsch wants single bets for their tribe. However, Deer said she cannot support the bill without specifically involving indigenous peoples as it puts them at a disadvantage in the industry.
“Laws are being put in place all the time to keep us out of very lucrative industries,” Deer said. “It makes it very difficult to believe in true reconciliation and to redress the injustices of the past.”
Come down to the wire
Parliament closes its session at the end of June. Should the Senate pass the bill, it must go back to the House of Commons for re-approval before Governor General‘s office.
Recently C-218 sponsor Kevin Waugh gave sports betting a 50-50 Chance to leave the Senate. It passed the house April 22.
While there seem to be more important issues to many senators, others have committed to work on C-218. Senator Brent Cotter told the Canadian press it was an urgent problem with a “better than 50-50 chance”.
“The Senate Banking Committee is an honorable committee, it does its job on time,” said Cotter. “If it can review the bill, meet with witnesses, and report adequately, there is still time within the Senate agenda to finalize it, provided it has adequate support, and I think it would be.”
“There are a whole bunch of other matters that the Senate has to deal with … but the window is available if we can act in a timely and responsible manner, I think.”