This translation has been automatically generated and has not been verified for accuracy.In this Nov. 18, 2019 photo, patrons visit the sports betting area of Twin River Casino in Lincoln, R.I. Currently, companies licensed by Canadian provinces are only permitted to offer what is known as parlay-style sports bets: wagers that include more than one match.It is the second-biggest betting event in the U.S.
For more than a decade, Mr. Masse has been beating the drum for a tiny, but significant, change in the Criminal Code of Canada that would revolutionize this country’s gambling industry. Currently, companies licensed by Canadian provinces are only permitted to offer what is known as parlay-style sports bets: wagers that include more than one match. , asks bettors to predict the outcome of between three and six sporting events.
But, one by one over the past few years, all of the major sports leagues in North America have reversed their stances on betting. Encouraged by studies suggesting sports wagering will prompt a spike in what they call “fan engagement,” the leagues are going all-in, especially for specific in-game bets and also for what are known as proposition, or “prop” bets that would make old-fashioned bookies salivate .
There are other ways for the law to be passed, including an order-in-council or the insertion of a few sentences in the next federal budget, both of which seem unlikely. Federal Justice Minister David Lametti has indicated that liberalizing the betting laws are not a priority. Besides, he adds, many Canadians are already betting on sports through online offshore operators, such as the British companies BET365 and Pinnacle, or the Antigua and Barbados-based Bodog. His group estimates Canadians wager about $4-billion through such operators, in what is known as the grey market. That is in addition to perhaps another $10-billion through illegal black-market operators such as organized-crime groups.
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