Canada has permitted parlay betting on sports for more than a decade but taking that next step to single-game sports betting has been elusive. As a result, the vast majority of money wagered on sports in Canada is bet illegally. A report by the Canadian Gaming Association shows that a criminal branch of the Hell’s Angels motorcycle club made over C$131 million over the past five years. A bill, the Safe and Regulated Sports Betting Act, is moving through the Canadian Parliament that would rectify that situation, but its passage is far from certain. The CGA report outlines exactly how much money is at stake, and emphasizes that the passage of the act would protect consumers, support almost 200,000 jobs across Canada, and cut off customers looking for legal betting options in the U.S. Of the 10 U.S. states that directly border Canada, nine of them are either considering sports betting legislation or are actively taking bets.
To download a copy of the report, visit CanadianGaming.ca.