Alberta outperforms single-event betting in Canada
The Canadian province of Alberta has given the green light to single-event sports betting, joining British Columbia and private companies in asking the government to take action.
Single event sports betting closer to implementation
Alberta has approved a legislative change that would allow sports betting on a single event in the country. The news was confirmed by Alberta Gaming's authority, Liquor & Cannabis (AGLC), which is the gambling regulator in the province.
This is a huge step forward for Alberta and Canada as a whole, as the country now allows betting with multiple selections. The limited option has resulted in an exodus of sports bettors to foreign bookmakers who operate in Canada unchecked and reportedly generate billions in revenue at the expense of the country's tax office.
House Bill C-13 is legislation that was tabled in the Canadian House of Commons last year that proposes to amend parts of the Criminal Code, making it legal to bet on single events in Canada.
Alberta is the second province in the state to issue unequivocal support for amending section 207 (4) (b) of the country's Criminal Code. In fact, British Columbia and the Lottery Corporation have already said that Canada should seek to support single-event wagering.
Watch out for sports league calls
Canada missed out on the NFL even though DraftKings, a fantasy and mainstream bookmaker , expanded its presence in the country just before Super Bowl LV. DraftKings would also be interested to see single-event betting take off in Canada, as it would certainly prove to be a big revenue generator.
Other companies are also calling on theScore to adopt the format , supported by numerous sports leagues, in a letter sent to the Canadian government. AGLC CEO Kandice Machando seems equally pleased with the development. In a statement, Machando said:
"This would provide an opportunity to provide Alberta adults with new and unique options for their favourite sporting events."
- AGLC Director General Kandice Machando
He rightly noted that legalizing the format would lead to more flexibility and a richer selection of options for sports fans who want to bet, including but not limited to point spreads, props and single events.
Restrict the offshore sector and protect consumers
AGLC Chief Operating Officer Niaz Nejad joined his colleague in explaining that getting some of the offshore traffic back home would help protect consumers who use illegal gaming platforms rather than the province's regulated website PlayAberta.ca.
Nejad said there are no safeguards on these foreign websites and as such responsible gaming options are completely unavailable. Meanwhile, other provinces are betting on online casino games, another popular segment that is not readily available at home.
Nova Scotia and Prince Edward Island are moving forward with proposals to launch dedicated casino sites in their provinces.