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Legalized Sports Betting in Canada Historically, legal sports betting in Canada has primarily revolved around parlay wagers. However, recent strides have been made with the legalization of single-game wagering at the national level. Provinces now have the authority to enact legislation allowing for single-game wagering, potentially encompassing both offline and online betting.
With the prospect of a fully legalized Canadian sports betting market, major US and European betting platforms are expected to seek licenses on a state-by-state basis. The specifics of this process are still unfolding.
The positive outcome for sports bettors is the establishment of a fully regulated system offering ample choices.
Estimates suggest that Canada’s sports betting market, including both land-based and online wagers, could be valued at around $15 billion. Thus, there’s a strong incentive for provinces to curtail the use of offshore betting sites and capture all taxable revenue within a regulated framework.
Legal Sports Betting Sites in Ontario Ontario, boasting over 38% of the country’s population and a robust interest in sports and betting, stands as a key focal point for online betting in Canada.
As the first province to implement new legislation, Ontario has introduced a roster of locally licensed sportsbooks.
Similar to the licensing framework adopted by legalized US states, Ontario is likely to feature a diverse array of sportsbooks. Expect to see familiar US platforms like DraftKings and FanDuel alongside Canadian entities like TheScore. Popular UK betting sites, such as bet365, are also poised to seek licenses due to their strong presence in Ontario.
Legal Sports Betting at Ontario’s Land-Based Casinos Gateway Casinos, Mohegan Gaming & Entertainment, and Caesars oversee Ontario’s largest physical casinos, including:
- Caesars Windsor
- Casino Niagara
- Niagara Fallsview Casino Resort
- Casino Rama
- Gateway Casinos Sault Ste. Marie
The landscape of land-based casinos could play a pivotal role in the rollout of legalization. In some US states, these casinos have obtained licenses, each allowed to operate multiple online platforms. This model could pave the way for numerous sports betting brands to enter the market, similar to the setup in New Jersey, where each of the nine land-based casinos can operate up to three online platforms, allowing for a maximum of 27 sports betting brands.
