The Canada bookie industry will be enjoying a boom in sports betting activity starting August 27. In Ontario, the Minister of Justice and Attorney General of Canada, David Lametti, announced in a press conference that single game sports betting will be live in a couple of weeks. For those who are understanding how to be a bookie, singe game wagers are basically bets that cover a single event.
The announcement comes just two months after the Senate passed Bill C-218 and was able to attain royal ascent. Bill C-218 aims to amend a part of the Canadian Criminal Code that prohibits single-game bets. It will also give provincial governments the freedom to decide on how they will regulate sports betting in their areas.
Canada Bookie Industry
Canadian provinces will be able to allow single game sports betting if they want to. They can also issue licenses to offshore sportsbooks to operate in their respective province. Much as what the pay per head bookie can read in US sports betting news, Canada will be leaving the major decisions on sports betting policy to local governments (states and provinces). Those who would like to obtain a sports betting license for Ontario, for instance, can apply locally. This will be at the Alcohol and Gaming Commission of Ontario. The province plans to accredit and issue licenses to many sportsbook operators.
Of course, it will take a while for sports bettors in Canada to be able to actually place a wager. After all, regulations and policies will still be finalized. Following that, the provinces will have to review and approve licenses. And now, just like bookie software, the Canada bookie industry’s operators will be able to offer a wider variety of options rather than the previous parlay-only market. In addition, the government is also welcome to the idea that this will help generate more revenue in the economy and in the government as well.