Investors see the expansion of gaming in Canada as another opportunity in a sector that has seen massive growth in recent years. As the U. Canada is an attractive destination for operators given its size — there are approximately 35 million residents, and nearly half 15 million live in Ontario. Quebec is a big one as well. The province is home to over 8 million, is closer to New York population centers than Ontario, and has a drinking age of 18, which has attracted young American males.
Jill has covered everything from steeplechase to the NFL and then some during a more than year career in sports journalism. Her specialty these days is covering sports betting legislation across the country. Gambling problem? About Contact. This site contains commercial content. December 3, Share on Facebook Share on Twitter. This story has been updated. Each province would be able to legalize The latest bill would modify the criminal code to allow for single-event sports wagering.
Share Tweet Share. Jill R. Dorson Jill has covered everything from steeplechase to the NFL and then some during a more than year career in sports journalism. Related Posts. Bet is more focused on live betting, as it puts the odds right in the middle of its sportsbook. Betway Betway is a great way sportsbook to use if you are new to sports betting. This is a great sign-up bonus to take advantage of if you are new to betting. Betway is easy to use and has a user-friendly app, so you never need to worry about getting lost.
Bodog Bodog is the oldest sportsbook in Canada as it was founded in by Calvin Ayre. The sportsbook started for Canucks fans and has now grown into sports betting online casinos, and poker. Bodog has a Las Vegas-style mobile betting app to use and is one of the most popular sportsbooks to use in Canada.
Pinnacle Sports Pinnacle is one of the most prominent sportsbooks in Canada and across the world. It is a very efficient sportsbook with some of the most friendly odds offered. Pinnacle has juice, which five cents lower than a typical juiced line.
Sports Interaction Sports Interaction is another Canadian sportsbook that has been around since the beginning. It launched in and is catered to the Canadian audience. Sports Interaction offers standard odds and has a great live in-game wagering section. Mobile sports betting is similar in the U.
Only Alberta does not have online sports betting. The other nine provinces have sports betting, and the sportsbooks vary from each province. There is also strong competition in some provinces with offshore and illegal sports betting taking place. With a small number of legal sportsbooks in each province, this creates less competition, and odds and sportsbooks are not as friendly for its customers.
Legalized single-game sports betting would change the game in Canada. This could really open up the whole industry as more sportsbooks would enter the country and bring more competition among the sportsbooks. With nine of the ten provinces already have legalized online betting, this helps with quick expansion.
Alberta could find issues early on if single-game betting launches. Alberta will most likely reconsider if things change in the country, as they will want to take advantage of the potential revenue. It would grow exponentially under the new laws and would change the game in Canada. Canada has a population of Ontario is the largest province with Ontario could see similar numbers with its size and how many casinos are operating in the state. There are also seven sportsbooks operating in the country, which could jump pretty quickly if single-game betting is available.
A company like TheScore would benefit greatly from Canadian single-game wagering, which has headquarters in Toronto, Ontario. There are a chance American sportsbooks like DraftKings and FanDuel make their way up north if single-game betting becomes legal. The Canadian betting market competition would be a learning curve for the U. DraftKings and FanDuel have benefitted from timing the U. Other Candian sports companies like TheScore, TSN, and SportsNet would have the edge with recognizable branding, while foreign sportsbooks would need to get around.
When sports betting originally became legal, Canadians were only allowed to create money line parlay bets. However, over the years, that has expanded to spreads, totals, props, and more, which has helped expand the overall betting market. Offshore and illegal sports betting is still a huge factor in Canada, which be reduced greatly if legal single-game betting was allowed in the country. There is a great variety of sports you can bet in the country despite only bet parlays. The most popular sports to bet are ice hockey, curling, football, soccer, basketball, and horse racing.
Again, provinces do set their own sports betting laws that citizens need to abide by. Some of the regulations are the sports, and what betting markets are allowed in each province vary. Horse racing is still holding on in Canada as the sport feels like it is beginning to slip. The horse racing industry is concerned that if single-game betting is legalized in Canada, no one will bet on horses as much as they do now.
Horse racing still has a chance to remain popular if Canadian lawmakers tweak single-game betting odds that favor other sports and horse racing. Canada also has racinos and off-track betting sites that will continue to allow the horse racing industry to remain intact despite the fear of losing bettors. The sports betting market could open up if single-game betting is available. Prop and futures markets could greatly expand as sportsbooks might not feel the burden of the potential liability that comes with parlaying bets in those markets.
Also, Canada can add more sports into the mix, including popular U. Is Sports Betting Legal in Canada? Yes, Canada legalized sports betting in the early s and only allowed parlay betting. The country has expanded its betting markets from money lines to adding in spreads and totals.
Each province decides whether or not they want sports betting. What are the legal sports betting sites in Canada? Canada has 16 sports betting sites in the country. Some of the most popular sportsbooks are Pinnacle, Bodog, BetOnline, and more.
The sportsbooks that are legal in Canada are separated per Province, which does not give much competition. There is a chance to expand the number of sportsbooks in Canada if single-game betting becomes legal. Can I get a bonus when betting at Canadian sportsbooks? Yes, a majority of Canadian sportsbooks offer new user bonuses when you sign-up. Canadian sportsbooks also offer promotions and other bonuses if you sign-up with one.
Do you have to report sports betting winnings in Canada? No, you do not have to report winnings in Canada. You do not need to pay taxes on lotteries, sports betting, horse racing, online casinos, and other gaming avenues.
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