Canadian Sports Betting Bill moves closer to fruitionWagering on single sports betting events is one step closer to reality for bettors in Canada. MP Joe Comartin has seen his private memberís bill passed during its second reading in parliament. The bill now moves on to the committee and will have to be read one more time before a final vote is made.
Comartin spoke with The Star and stated that there is no opposition to the bill at all. A bill normally takes one month of more to move through Parliament but this bill was able to move through the House of Commons very quickly.
The bill, if passed, would amend the Criminal Code that legalizes sports betting on football, baseball or basketball and other games at racetracks and casinos. Right now, gamblers can only wager on a group or series of games rather than just one gaming option.
Comartin has stated that the new bill, if passed, would create jobs and would also bring tourism dollars to the cities that offer casinos. Comartin also believes that single betting sports options would bring in money from the US since Nevada is the only place that offers single bets on sporting events.
It has been estimated that Canada loses $10 to $80 billion on wagers made illegally on single sport betting events. Many in the industry believe that the law would be a big boost for casinos as well as attract more business which would be good for both the industry as well as gamblers.
Top 3 Sports Books