Canada celebrates a year of single-event betting

Canada celebrates a year of single-event betting

The upcoming Saturday, August 27, 2022, is an important one for Canada and its rapidly developing gambling industry. The federal government decriminalized single-event wagering on sports games with the exception of horse racing on the first anniversary. Allowing provinces to conduct the product to their player bases.

The Safe and Regulated Sports Betting Act was enacted on August 27, 2021, and legalized single-game betting. Lawmakers, professional leagues and industry stakeholders have been lobbying for the change for a long time and the legislation was introduced by Kevin Waugh, a Conservative Member of Parliament.

The first year had some highlights

On August 27, 2021, the Ontario Lottery and Gaming Corporation added single- event betting to its PROLINE brands. In the first five days after legalization, the OLG handled more than one million single-game bets. Almost 75% of the total bets were placed under the new vertical.

The British Columbia Lottery Corporation has revealed that local gamblers have placed more than CA$25 million on single-game bets via its PlayNow digital platform for the first two months of operations. The Alcohol and Gaming Commission of Ontario has begun the process of registration for its private market for online sports betting.

The Saskatchewan Indian Gaming Authority has been tasked with launching a provincially- regulated igaming site, which will focus on sports wagering. It was recently announced that the BCLC will be developing the new online portal, and now the province is aiming for a November 2022, launch just in time for the Grey Cup.

In December of 2021, it was announced that it would take proposals for two private sports wagering operators. The province is not a fan of Ontario’s open model of iGaming, and it is hopeful that it will open by the end of the year. No operators have been confirmed, meaning that the launch could be delayed.

Nova Scotia launched its single-event sports betting product in February of 2021. The Atlantic Lottery Corporation collaborated with the province to introduce the vertical. The new offering was introduced just in time for the Super Bowl, which is one of the largest sporting events in the world.

The process of controlling something

On April 4, 2022, Ontario launched its private market for gambling brands, and the culmination of the new sports betting products must be accredited there. PointsBet, theScore Bet, FanDuel, BetMGM, Rush Street Interactive, Unibet, Coolbet, bet365, and more are some of the already approved sports betting and i gaming operators.

Warren is the author of “Canada’s Single-Handle-versary: A Look Back At The Past Year”.