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But late in the year there was progress of another kind. On the fringes of pro sports perhaps, but less and less so. Sports gambling, for oh so long a vexing subject in these parts, appears to finally be on the verge of being properly legalized and brought up to speed with much of the rest of the world.
The grey market, represented by offshores firms like bet Successive governments have resisted attempts to strike down the ban on single-event betting. And in this year of all years, there has finally been progress. In late November the Liberal government introduced Bill C, which would amend the legislation and open the door for the modernization of the industry here to at last get underway.
To make it legal, regulated, and safe. Canadian companies have been tentatively preparing too. Ever since the U. Long seen as something to be kept at a distance, and preferably in the shadowed distance, betting and daily fantasy gatecrashed the North American sports mainstream. Yet it does seem unlikely that Canada would have gone the final step without the major pro sports leagues being on board. But the finish line is in sight. It was about catching up to them. Live, in-game betting too. Think Mitch Marner will score the winner in the third period?
Place that bet as the Leafs get the period underway. The financial implications for the leagues themselves, through partnerships, sponsorship deals and increased engagement at a time when bringing in new fans has been such a priority, are obvious. Casinos across the country have been particularly hard hit by the shutdowns. While a study published in the Canadian Journal of Psychiatry in October found that problem gambling had decreased in the country in recent years, the opening up of the market to this degree is sure to have addiction experts concerned.
And with justification. In the U. In arriving later to the marketplace, Canada, both federally and provincially, is in a better place to learn from mistakes elsewhere. In short, it needs to. Strict limits on advertising would be a good start. As recently as last season, fully 10 of the 20 clubs in the English Premier League had gambling companies emblazoned across the front of their jerseys as primary sponsors.
This season, in spite of concerns raised, eight clubs have gambling sponsors. In terms of other risks, there have also been warnings that the federal government should use this moment to tighten laws on match-fixing in sports, which are puzzlingly unspecific at present. Semi-professional Canadian soccer leagues in particular have been labelled a hotbed of matches fixed for profits.
A decision by the U. Supreme Court allowed for legalized sports betting to spread across states and to make gambling a much more noticeable part of the sport-watching experience. The leagues themselves have been supportive of Canada opening up as well.
In June, for instance, the commissioners of five professional sports leagues doing business in Canada sent a letter to Prime Minister Justin Trudeau and others voicing their support for single-game betting. In the meantime, Canadians are opting to wager via offshore websites and illegal bookmaking operations. Taken together, the appetite for betting, the growth of the U. Telecom giant Rogers Communications Inc. That job, Rogers said, would entail eyeing potential partners and acquisition targets, among other things.
Some of Rogers current offerings include the Toronto Blue Jays baseball team and its Sportsnet television channels. Rival BCE Inc. Toronto-based Score Media and Gaming Inc. Other companies looking to profit from the growth of gambling include Montreal-based Nuvei Corp. The payment processor recently earned approvals that will allow it to serve the sports-betting industries in Colorado and Indiana.
Research from the American Gaming Association has also suggested that legalization has sucked business away from illegal bookmakers and put money into the pockets of governments, many of which have had their finances stretched by COVID Pressure on Ottawa to change its views on single-game betting has been applied by the public sector as well.
Ontario is due to table another budget this week, with Bloomberg News reporting Monday that online gaming firms expect the province to advance plans to let the private sector into its government-controlled gambling market. Yet in the absence of action from Ottawa, Canadian companies are still finding ways to both serve legalized gambling markets and prepare for a more gambling-friendly future at home, which could also assist the hard-hit hospitality and tourism sectors.
Concerns about addiction are likely to be prompted by the latest attempt as well, with around 80 per cent of Canadians already wagering in some form annually and the risks of problem gambling flying under the radar for people, according to the Canadian Centre on Substance Use and Addiction.
Provinces may have to take preventative measures. Montana, Waugh noted, has legalized sports betting, but put restrictions on the amount of money people can wager in the state. Top News. Facets of family violence. Daily forecasts and weather facts from Cindy Day.
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