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Sports betting in Canada exists, but it’s not optimized – yet. A new effort to legalize single-game sports betting in 2021 is gaining momentum.
Right now, only parlay betting (multiple events on the same ticket) is an option through provincial lotteries.
This has led much of the sports betting market to migrate to illegal offshore sportsbooks. Of the C$14.5 billion bet on sports in Canada each year, just C$500 million of that is done legally through provincial lotteries, according to the Candian Gaming Association.
The future of sports betting in Canada
The latest attempt at legalizing single-game Canadian sports betting has legs. The movement started in early 2020 as a private member bill, C-218, sponsored by Kevin Waugh.
It was eventually picked up as government legislation in November 2020, which suggests the issue is close to settled.
Ending the federal ban on single-game betting should change the landscape of Canadian sports betting significantly. It would mean more opportunities for bettors to bet legally and could lead to provinces opening up licensing to other operators.
When will online sports betting launch in Canada?
Online sports betting is already allowed in six provinces:
British Columbia
Nova Scotia
New Brunswick
Newfoundland and Labrador
Prince Edward Island
Quebec
Of course, these legal products all require parlay bets of two or more events.
It’s unclear at this point if additional provinces would authorize online sports betting.
There are other online options, but they aren’t regulated. Offshore sportsbooks take advantage of the fact that single-game betting is illegal in Canada and therefore serve the market for what bettors can’t get legally.
These offshore operators don’t pay taxes and aren’t regulated at the provincial or federal level. Sports bettors are making an additional gamble whenever they bet on these offshore sites as there’s no guarantee winning bets will be paid.
Some offshore sportsbook operators have closed their operations without warning and without returning customer funds.
Recent Canada sports betting stories
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IGT and FanDuel Group Bring Omnichannel Sports Betting to Michigan via Launch of FanDuel Sportsbook App
IGT and FanDuel Group Bring Omnichannel Sports Betting to Michigan via Launch of FanDuel Sportsbook App
IGT PlaySports technology and PlayCasino games help fuel FanDuel Group's sports betting and iGaming expansion in Michigan
PR Newswire
LONDON, Jan. 26, 2021
LONDON, Jan. 26, 2021 /PRNewswire/ -- International Game Technology PLC ('IGT') (NYSE: IGT) announced today that its PlaySports platform is powering the recently launched FanDuel Sportsbook mobile app in Michigan, the latest U.S. state to introduce regulated online sports betting and iGaming. In addition, proven IGT PlayDigital PlayCasino games such as Fortune Coin®, Cleopatra®, Game King® and IGT Blackjack can now be enjoyed by online players throughout Michigan via FanDuel Casino. These deployments complement the state-of-the-art FanDuel Sportsbook at MotorCity Casino in Detroit that opened in March 2020.
'IGT's PlaySports technology and experienced team have helped FanDuel Group continue to grow in the U.S. and maintain its position as America's #1 Sportsbook,' said Niall Connell, Senior Vice President, General Manager FanDuel Sportsbook. 'With the launch of FanDuel Sportsbook app in Michigan, sports fans throughout the State have added choice and convenience for when and where they engage with their favorite sports teams and online casino games.'
'Aiding FanDuel Group's expansion in Michigan via our proven PlaySports platform and entertaining PlayCasino games that span slots, video poker and table games is an exciting start to 2021 and another key achievement in the IGT-FanDuel relationship,' said Enrico Drago, IGT PlayDigital Senior Vice President. 'Michigan is projected to be one of the most lively sports betting and iGaming markets in the U.S. and our retail and mobile PlaySports technology and world-renowned PlayCasino games will enable FanDuel Group to scale its offering for the opportunities of today and the future.'
This PlaySports platform deployment in Michigan marks the ninth state where IGT and FanDuel Group have teamed up to deliver best-in-class mobile sports betting, the sixth state where the companies have partnered in delivering an omnichannel sports betting solution, and the third state where IGT PlayDigital casino games are featured on FanDuel Group-operated online casinos.
For more information on IGT PlaySports visit IGT.com/PlaySports.
About IGT IGT (NYSE:IGT) is the global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Gaming Machines and Lotteries to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit www.igt.com.
Can You Play Fanduel In Canada
Contact: Phil O'Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452 Francesco Luti, +39 3485475493; for Italian media inquiries James Hurley, Investor Relations, +1 (401) 392-7190
The trademarks and/or service marks used herein are either trademarks or registered trademarks of IGT, its affiliates or its licensors.
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