Most Canadians have been able to bet on parlays through provincial lotteries for more than 30 years, but the Canadian sports betting game has now changed. Legal, single-game betting is here with the federal government passing a bill in June 2021 that puts the decision on single-game wagering into the hands of each Canadian province and territory.
Most Provincial Gaming Commissions and Lottery Corporations have been raring to go as single-game betting represents a promising new source of tax revenue, jobs for Canadians, and an end to the flow of billions of Canadian dollars to illegal bookies and offshore online sportsbooks. In fact, our PlayCanada analysts crunched the numbers and found Canada’s introduction of singles could bring in wagers of more than CA$25 billion and CA$2 billion in revenue within three years. You can all about it in our recent white paper.
The new law allows each province to determine how to regulate sports betting on its own and most already have. It promises to be a game-changer for both the provinces that go for it and sports fans across the country. With many of the Provincial Lottery Corporations offering parlay betting products across the country having already flipped the switch on single-game wagering, and at least one opening up its sports betting market to privately run online sportsbooks, you can now bet on sports in a whole new way all across Canada.
Here’s a complete breakdown of everything you need to know about the kind of online sports betting available in Canada right now:
When did Canada legalize single-game sports betting?
Single-game sports betting was against the law in Canada. Of course, there was a carve-out in that law that allowed provincial lottery corporations to offer parlay betting, giving Canadians one legal way to bet on sports. However, a new bill allowing each province to determine how it wants to regulate sports betting and launch single-game sports wagering became law in June 2021, giving Canadians a more traditional way to bet on their favorite sports.
With legal single-game betting now a reality here in Canada, here’s a look at how each Canadian province is handling it:
Ontario is breaking up the monopoly the Ontario Lottery and Gaming Corporation currently has on online gambling. That means opening up the market to privately run online casinos and online sports betting operators in December 2021. The Alcohol and Gaming Commission of Ontario (AGCO) will conduct and manage all Ontario online gamblingactivities and act as regulator. It published the final sport and event betting standards for igaming in Ontario in September 2021. These define the province’s regulatory approach to single-game sports wagering.
In the meantime, the Ontario Lottery and Gaming Corporation has launched the ProLine+ online sports betting product, with single-game Moneyline, Point Spread, Over/Under, and Prop Bet markets now available.
British Columbia and Manitoba
When Canada’s new single-game sports betting law passed in June 2021, the British Columbia Lottery Corporation issued a press release claiming it was already gearing up to offer single-event sports bets and bets on racing and fighting on PlayNow.com, the province’s online lottery, online casino, and online sports betting website.
PlayNow.com now operates as a fully functional online sportsbook, giving players the opportunity to wager on the outcome of a single game or match. Since PlayNow.com also operates in Manitoba, single-game wagering is already live in Manitoba as well.
Plus, the BCLC’s Sports Action sports lottery now offers single-game wagering as well.
In October 2020, Alberta Gaming, Liquor and Cannabis (AGLC), Alberta’s gambling regulator, launched PlayAlberta.ca, the province’s only legal, regulated online gambling website. It was strictly an online casino, but lottery sales were added in May 2021 and the AGLC promised single-game sports betting would be integrated into PlayAlberta.ca in 2021. Single-game sports wagering has since launched on the site and PlayAlberta now operates as a fully functional online sportsbook with odds available for all major sports.
The province of Québec and its provincial crown corporation Loto-Québec has launched single-game sports betting via the once parlay-only Mise-o-jeu lottery product. In Quebec, you can now place single-event bets online via the miseojeuplus.espacejeux.com website or fill out bet slips with single-game bets you can take to lottery retailers for purchase via the miseojeu.lotoquebec.com website.
Newfoundland and Labrador, Nova Scotia, Prince Edward Island, and New Brunswick
The Atlantic Lottery Corporation (ALC) has long offered a series of limited parlay sports betting products called Proline and Stadium Bets online and through lottery retailers in Newfoundland and Labrador, Nova Scotia, Prince Edward Island, and New Brunswick. Single-game betting has now been added to Proline and Stadium Bets in Newfoundland and Labrador, Prince Edward Island, and New Brunswick, which means players can now bet on various singles and futures with an account online or put together a bet and pay at lottery retailers via the alc.ca website.
Saskatchewan, Nunavut, Northwest Territories, and Yukon
The province of Saskatchewan is one member of the Western Canada Lottery Corporation (WCLC), alongside the territories of Nunavut, Northwest Territories, and Yukon. The WCLC has long run a limited parlay sports wagering product called Sports Select via lottery retailers in the province and territories. Single-game wagering was added in 2021 and Sports Select is available online.
In the meantime, Saskatchewan has agreed to allow the Saskatchewan Indian Gaming Authority (SIGA), which operates six casinos across the province, to create and launch an online gaming and sports betting site. The provincial online casino and sportsbook product is currently under construction. It will launch in 2022.
Sports betting province by province
There are five provincial lottery corporations that have long offered limited parlay sports betting, lottery, and various other gaming products in the country’s ten provinces and three territories. The five provincial lottery corporations are:
Ontario Lottery and Gaming Corporation
British Columbia Lottery Corporation
Atlantic Lottery Corporation (Newfoundland and Labrador, Nova Scotia, Prince Edward Island, New Brunswick)
The federal ban on single-game betting was lifted in 2021, giving the country’s 10 provinces and three territories the right to decide if they want to legalize and regulate single-game sports betting there. Single-game wagering has since been added to the following limited parlay sports betting lottery products:
PROLINE sports lottery (Ontario Lottery and Gaming Corporation)
PROLINE, Point Spread, Pools and Props parlays are available at Ontario lottery retailers only. Each product amounts to a different form of parlay wagering where you must combine a minimum of two or three bets. ProLine+ online sports betting has since been added to the offering.
Mise-o-jeu sports lottery (Loto-Québec)
Minimum two-bet parlay wagering available at Loto-Québec retailers, kiosks, and online to Québec residents with an Espacejeux account. Single-game wagering has now been added.
PlayNow sports lottery (British Columbia Lottery Corporation)
Parlay and now single-game betting via PlayNow.com online and BC and Manitoba lottery retailers with odds supplied by Scientific Games Digital. Odds were supplied by Paddy Power Betfair, which is now Flutter Entertainment and the owner of the FanDuel and FOX Bet sportsbook brands in the United States, beginning in 2012. Scientific Games Digital, Flutter’s largest sports betting technology provider, took over the existing contract in May 2020 and inked an extension through 2024.
Minimum three-bet parlay and pool wagering with a $100 cap was available at provincial lottery retailers and kiosks only. Shared between Alberta, Saskatchewan, Nunavut, Northwest Territories, and Yukon. Single-game wagering has now been added online and the PlayAlberta.ca website has launched single-game wagering in Alberta.
PROLINE and STADIUM BETS sports lottery (Atlantic Lottery Corporation)
Limited parlay wagering on the Atlantic Lottery Corporation PROLINE and STADIUM BETS platform online and at lottery retailers in Newfoundland and Labrador, Nova Scotia, Prince Edward Island, and New Brunswick. Single-game wagering options are now available online in Newfoundland and Labrador, Prince Edward Island, and New Brunswick.
Lottery parlay betting vs. single-game betting
Canada’s previous answer to the consumer demand for sports betting across the country was to allow provincial lotteries to offer a parlay betting product. That was 35 years ago, and it forced you to string multiple winning bets together, making these bets among the hardest to win.
Normally, that would mean the bets pay pretty well. However, the 35-year monopoly the lotteries enjoyed on legal sports betting in Canada ensured there was no competition forcing them to pay anything close to the true odds on parlay wins. Ultimately, this has led to a situation where Canadians were betting $500 million a year on legal sports lottery parlays, but as much as $14 billion a year through illegal bookies and offshore online sportsbooks, just to avoid having to bet parlays alone and being taken to the cleaners on bet prices.
That’s why single-game wagering is expected to be such a game-changer for Canadians. Not having to bet parlays alone will give Canadians a better chance to win. Plus, competition will ensure fair prices in those provinces that open up the market to private operators. Although, if the provinces are serious about bringing that $14 billion a year back to Canada and accessing the potential tax revenue from it, that should be enough motivation to bring fair bet pricing to the market even in provinces that don’t open to private sportsbook operators.
Add it up and Canada legalizing single-game wagering will bring the $14 billion a year black market into the light, offering fair prices, consumer protections, and a realistic shot at winning to Canadians.
Which major sportsbooks are coming to Canada?
Canadians bet an estimated $500 million annually on the parlay wagering offered by various provincial lottery corporations. Then, the Canadian Gaming Association also estimates Canadians are betting $14 billion illegally each year, $10 billion through bookies, and another $4 billion through offshore online operators. Add it up and the Canadian sports betting market is big enough that legitimate sports betting operators running sportsbooks in other legal jurisdictions South of the border must be keeping an eye on what’s happening here.
Right now, Ontario is the only province opening up the market to private online sports betting operators. However, here’s a look at what major sportsbook operators might be looking at Canada right now:
theScore Bet isn’t just coming to Canada, it’s coming from Canada. theScore Bet is actually Score Media and Gaming’s US online sportsbook. Score Media and Gaming is the Canadian company that authored one of the most popular sports media apps in North America.
Score Media and Gaming is also now a publicly traded company on the Toronto Stock Exchange (SCR). theScore Bet sportsbook has now launched legally in New Jersey, Colorado, Indiana, and Iowa. Plus, if Founder and CEO John Levy has his way, it’s coming to Canada any day now.
In February 2021, after Bill C-218 passed its second reading in the House of Commons, Levy issued a statement saying Score Media and Gaming looks forward to collaborating with key stakeholders as the legislative process continues.
“Today’s development in the House of Commons, focusing on the legalization of single event sports betting in Canada, is a significant step forward in the process to amend an outdated law,” he said. “The positive outcome of today’s vote demonstrates the continuing momentum and strong cross-party support for this issue.
“We expect that the legalization of single event sports betting will facilitate the introduction by provinces and territories of a much-needed modernized sports betting framework in their respective jurisdictions that can include important consumer protections and the ability to generate new revenue streams for provincial and territorial governments.”
He also estimated the market potential for online gaming in Canada sits between US$3.8 billion and US$5.4 billion in annual gross gaming revenue and made it clear theScore Bet wants in on that.
The owner of Canada’s highest weekly-circulation newspaper, The Toronto Star, and at least a dozen other papers across the country, wants in Ontario’s new online gaming market. Torstar announced in March 2021 it intends to launch an online casino and sportsbook betting brand in 2021, pending the passing of federal and provincial legislation and approval from the Alcohol and Gaming Commission of Ontario.
“We want to ensure the new marketplace is well represented with a Canadian, Ontario-based gaming brand so that more of our players’ entertainment dollars stay in our province,” Torstar Chair and co-owner Paul Rivett said.
A February 2021 story in the Toronto Sun outlined how DraftKings is aiming to become king of online sports betting, even here in Canada.
The daily fantasy sports leader turned leading sport betting operator in the 12 states it can now legally operate in the US, now says sports betting is bigger business than DFS.
DraftKings DFS is already available in Canada and CEO Jason Robins told the Sun if the federal government passes legislation making single-event sports betting legal in Canada, “maybe by this time next year, we’ll be talking about placing bets on the Super Bowl in Canada.”
FanDuel and FOX Bet
Flutter Entertainment, formerly Paddy Power Betfair, is an online sportsbook, casino, and poker company born out of the merger of European online gaming giants Paddy Power and Betfair. The company later bought leading daily fantasy sports operator and emerging US sportsbook operator FanDuel and Canadian gaming operator The Stars Group, which operates PokerStars globally, the largest online poker site in the world.
US facing sportsbook brands now run by Flutter include FanDuel Sportsbook and FOXBet. FanDuel’s daily fantasy sports product is already available in Canada. Plus, Flutter Entertainment once ran the limited parlay betting sportsbook available via PlayNow.com online and BC and Manitoba lottery retailers.
Scientific Games Digital, has since taken over Flutter’s contract with the BC Lottery Corporation, but also remains Flutter Entertainment’s largest sports betting technology provider.
Scientific and the BCLC have a contract that runs through 2024, but it would be no surprise to see Flutter launch the FanDuel Sportsbook and FOX Bet brands in any other province it can, considering the company has run a sportsbook of sorts in Canada before.
Like theScore Bet, PointsBet is an import into the US sports betting market, only this one is from Australia. It entered the US through the New Jersey market and soon expanded to Iowa, Indiana, Illinois, Colorado, and Michigan as well. It would not be a surprise to see PointsBet target some Canadian provinces, including Ontario, which projects to be a larger market than any of the states it is in now.
Unibet and Bet365
Both these European sportsbook operators currently operate in a bit of a grey area in Canada, accepting Canadian customers because there’s no specific law on the books making it illegal for Canadians to bet on sports online. However, this could make it difficult for either Unibet or Bet365 to get a licence in a Canadian province if the federal government ultimately legalizes single-game sports wagering.
Caesars Casino & Sportsbook could be interested in the Canadian sports betting market should it open up to private operators. The online and mobile sportsbook and casino seems to operate only in states where there is a Caesars property, including New Jersey and Pennsylvania, and there is one Caesars property in Canada: Caesars Windsor Hotel & Casino in Windsor, Ontario.
BetMGM Sportsbook could be interested in the Canadian sports betting market as well. The online and mobile sportsbook and casino doesn’t just operate in states where there is an MGM property. In fact, it’s in Pennsylvania as well, and could want in Canada even though there is no MGM property here.
William Hill Sportsbook is available across the US. It seems they expand everywhere they can, which would make a move into Canada no surprise. They’re also the sportsbook provider for the dozens of casinos in the Eldorado-Caesars merger, so we could see a William Hill Canada sportsbook.
However, William Hill may also run into the same difficulties Unibet and Bet365 could have. The European facing William Hill has been accepting Canadian sportsbook customers operating in the same grey area for some time.
Statistics show that two out of every three Canadians live within 100 kilometres of the Canada–United States border. That means a majority of Canadians have legitimate cross-border single-game sports betting options just a short distance from home. Canadian casino CEOs are concerned about losing revenue to cross-border bettors/gamblers and there’s a very good reason why. Here’s a look:
Ontario borders the states of Michigan and New York, where there are a number of legal single-game sports betting options. Michigan has retail sportsbooks inside commercial casinos in Detroit and tribal casinos across the state.
The state’s first online sportsbooks and sportsbook apps also launched in 2021. You don’t have to be a Michigan or US resident to bet online in the state, but you do have to cross the border into the state.
New York has retail sportsbooks inside commercial casinos and tribal casinos upstate, which makes them very convenient for Ontario travelers. Plus, Governor Andrew Cuomo started a big push for the launch of online sports betting in 2021.
Québec borders the states of New Hampshire, New York, and Vermont, where there are certain legal single-game sports betting options available and possibly more coming.
In New Hampshire, the state approved both retail and online sports betting in 2019. However, the DraftKings Sportsbook app is the only one taking bets so far. Then, there’s New York, which has retail sportsbooks inside commercial and tribal casinos and a pro online sports betting Governor. Finally, Vermont lawmakers are considering a bill in 2021 that would authorize sports betting through the state lottery and allow up to six sportsbook operators in the market.
British Columbia borders the states of Washington and Montana, where there’s either legal sports betting, or it’s on the way. Washington passed a tribal-only sports betting law in 2020, but no Washington tribal casino has launched a sportsbook just yet. In the meantime, the state has been considering expanding sports betting to cardrooms and racetracks across the state.
Sports betting is legal in Montana with sportsbook apps available, but it’s limited to a single operator and on-property at Sports Bet Montana retailers only. Legal sports betting is run through the Montana Lottery which employs Intralot’s platform and it’s Sports Bet Montana app, which is only available within the footprint of retail sports betting outlets in Montana. Sports Bet Montana outlets are lottery retailers with alcohol licenses and up to 2,000 of them can be be offering sports betting in the state if they so choose
Alberta and Saskatchewan
Alberta and Saskatchewan both share the border with Montana as well, which offers retail sports betting and online on-property sports betting at Sports Bet Montana retailers only.
Online vs retail sportsbooks
There are no retail sportsbooks in Canada per se. However, some bars and lounges inside Canadian casinos that act as lottery retailers and offer provincial lottery parlay betting may function as a retail sportsbook of sorts, allowing you to watch and bet on games just like you might in a traditional retail sportsbook.
Since the sports betting legislation passed by the Canadian Government allows provincial lotteries to offer single-game wagering, many of these operations will soon be transformed from casino bars and lounges offering various lottery products into something closer to a traditional retail sportsbook. Plus, once Ontario breaks up the Ontario Lottery and Gaming Corporation’s monopoly on sports betting and allows private operators to enter the market online, they may allow them to launch retail operations as well.
Of course, there will still be certain advantages to betting online. Online and mobile sports betting apps can turn your iPhone, Android phone or tablet into a sportsbook you can access 24 hours a day, seven days a week. There’s simply no more convenient way to bet on sports. Online sportsbooks and sports betting apps also give you exclusive access to live betting markets. You can’t get a bet down fast enough at a retail sportsbook to make live betting work. Sportsbook apps are the only way to really keep up. Finally, online sportsbooks and apps offer you freedom. The freedom to place bets from wherever you are inside the province the app operates in, as long as you have access to the internet. That means you can turn your favorite sports bar, or even your own living room, into your own personal sportsbook where you can watch and bet on games all you like.
How to download sportsbook apps for iPhone vs Android
Once the first online and mobile sportsbooks from private operators launch in Canada, betting will be a breeze. You’ll need to make sure you’re using an iOS or Android device that meets the minimum operating system requirements first. However, you should be able to download and install most online and mobile sportsbook apps directly from any online and mobile sportsbook website, and you’ll find links to those websites right here on PlayCanada.
If you’re using an iOS device you can even download and install the app from the Apple App Store. Android users won’t find online and mobile sportsbook apps on Google Play, but they can download and install them from any online and mobile sportsbook website, provided they have toggled their settings to allow installations from sources other than Google Play.
After that, betting is just a simple three-step process that begins with:
Signing up for an account
You can sign up for an account with a legal Canadian online and mobile sportsbook by clicking on that sportsbook’s link on PlayCanada and entering some personal and account information on its sign-up page. You’ll also find that sign-up page on the app and you can enter your info there. It’s also a good idea to jot down the promo or bonus code for that sportsbook next to the link on PlayCanada. Entering it during the sign-up process will get you the best bonus available. Next up, you have to:
Deposit funds in your account
Depositing funds into your Canadian online and mobile sportsbook account is done through the app by tapping on the ‘Cashier’ tab, choosing from a list of available deposit methods, and following the prompts. Chances are, everything from Interac to credit and debit cards, direct online banking, and third-party payment processors like PayPal will be on the list. Finally, you’ll be ready to:
Browse through the betting markets
All the available betting markets will be available for you to browse through. You can even browse by sport or league if you like. After that, it’s just a matter of tapping on any bet you like to create a betslip and place your bets.
Sportsbook app odds boosts/promos
The end of the monopoly provincial lotteries enjoy on sports betting would mean private sportsbook operators coming into Canada to compete for your business. How exactly will they do that? By offering competitive prices and free bets and various other bonuses and promotions.
In the US, private sportsbook operators launch in new markets with a big marketing push aimed at drawing in new customers. This almost always includes offering free bets with no deposit required, matched deposit bonuses offering an unlockable bonus equal to any deposit up to a certain amount, and risk-free first bets offering a money-back guarantee up to a specific amount.
Then, there’s a few things online sportsbook operators will do to try to keep your business. These include loyalty programs that reward regular activity and volume, regular promotions, and promotions surrounding major sporting events. These sportsbook promotions often take the form of odds boosts, best odds guarantees, or different types of insurance protecting against overtime or single losses in a parlay. They may also include leaderboards, jackpots, and buyout options. Plus, some sportsbooks have been known to refund bets on heartbreaking losses or games impacted by bad officiating.
The proposed rules for the new open online sports betting market in Ontario includes a stipulation that private online sportsbooks only be allowed to advertise these bonuses on their own websites. If the rules pass with this stipulation, you won’t be able to find information about these bonuses anywhere else but a sportsbook website, but they will be there.
What betting markets to expect
With single-game betting you can expect to see a drastic increase in odds markets available including (but not limited to):
Provincial lottery parlay betting has long forced Canadians to string a minimum of two or three games together in a parlay. There’s also a very odd tie rule in the moneyline betting which adds a standard spread to the bets, considering games a tie if the side you bet on doesn’t cover.
Legal single-game wagering will bring standard moneyline, spread, totals, and prop betting to Canada, alongside:
Period, quarter, half, and halftime betting
The first online sportsbook apps from private operators and provincial lottery corporations to launch in Canada have brought live betting with them. Also known as in-game or in-play betting, live betting is a feature that allows you to bet on games that are already underway at odds that change with the action. It’s fast, fun, and becoming very popular everywhere online single-game sports betting is legal.
Live betting is mostly betting on the same markets and odds available before a game starts at odds that are constantly adjusted based on things like the score, clock, and momentum throughout. However, it also opens up new prop and time period betting markets as well. As you can imagine, the odds change fast, making online and mobile sportsbook apps the only way to keep up. You simply can’t get a bet down fast enough any other way.
Canadian pro team sportsbook partnerships
The NHL has separate sports betting partnership and sponsorship deals with sportsbook and casino brands including MGM, FanDuel, and William Hill. The league also signed a deal with PointsBet in 2021 giving it an equity stake in the sports betting operation. Any one of these sportsbook operators entering the Canadian market may look to leverage the popularity of Canada’s NHL teams as well.
MGM is the official gaming partner of Major League Baseball, although FanDuel, DraftKings, and Fox Bet also have MLB sponsorship and data sharing deals. Once again, if these sportsbook operators come to Canada they may also look to leverage the popularity of Canada’s lone MLB team, the Toronto Blue Jays.
The CFL and DraftKings signed a deal in 2016 to offer and promote CFL Daily Fantasy Sports contests on DraftKings. Something like that would certainly grease the wheels towards a DraftKings Sportsbook/CFL sponsorship deal should DraftKings Sportsbook come to Canada.
At least one CFL team is already open to sportsbook and casino sponsorship opportunities. The Montreal Alouettes will have the BET99.net logo on its jerseys for the next three years after signing a three-year partnership deal with the offshore online sportsbook and casino in 2021.
Finally, there’s Canada’s lone NBA team, the Toronto Raptors. MGM Resorts International was the first casino operator to partner with the NBA, but Caesars Entertainment has an individual deal with the Philadelphia 76ers, and FOXBet and FanDuel have since become official gaming partners of the NBA as well. The rising popularity of the Raptors and basketball North of the border would make Canada’s NBA team a prime partner for any of these or other private sportsbook operators entering the market.
Canadian sports betting law
There was a federal ban on single-game sports betting in Canada. The law only allowed limited parlay betting offered by provincial lottery corporations. However, the Canadian Government made Bill C-218, the Safe and Regulated Sports Betting Act, an Act to amend the Criminal Code (sports betting), law in 2021. The bill repeals paragraph 207(4)(b) of the Criminal Code to make it legal for provincial governments, provincial lotteries, or entities licensed by a provincial government to offer single-game sports wagering.
The bill was introduced in 2020 by sponsor Kevin Waugh (Conservative) as a private member’s bill. In June 2021, Bill C-218 passed its third reading in the Senate received Royal Assent and became law. Since then, it has been up to the provinces to decide what they want to do. Every single one has begun offering single-game wagering through what was once a parlay-only sports betting lottery product.
Province by province
Here’s a quick look at what’s currently available, province by province, followed by an FAQ:
Ontario: PROLINE Sports Lottery featuring limited parlay wagering and single-game betting. Available at Ontario lottery retailers and online. Online app for bet building only.
Québec: Mise-o-jeu Sports Lottery featuring single-game wagering and parlay wagering. Available at Loto-Québec retailers, kiosks, and online for Espacejeux account holders.
British Columbia and Manitoba: PlayNow.com and Sports Action sports lottery products single-game and parlay wagering. Available online at PlayNow.com and BC and Manitoba lottery retailers.
Alberta, Saskatchewan, Nunavut, Northwest Territories, and Yukon: Sports Select Lottery now featuring single-game and parlay wagering. Available at provincial online and at lottery retailers and kiosks. Plus, PlayAlberta.ca is now offering online sports betting in Alberta.
Newfoundland and Labrador, Nova Scotia, Prince Edward Island, and New Brunswick: PROLINE and STADIUM BETS Sports Lottery featuring single-game and parlay wagering. Available online and at provincial lottery retailers.
Province by Province Sports Betting FAQ
Do I need to live in a province to bet there?
No, but you must be inside the province to place a bet with its provincial lottery, whether you do it online, at a lottery retailer, or lottery kiosk. The same goes for privately run online sportsbooks and the provinces where they operate.
Who regulates online sports betting?
Sports betting is regulated by the provincial lottery corporations or provincial gaming authorities that offer it. That’s true for online and retail sports betting and will stay true now that the Canadian bill legalizing single-game wagering has become law.
Who sets sports betting odds in Canada?
All Canadian sports betting odds are currently set by the provincial lottery corporation offering them. Of course, these provincial lottery corporations may hire outside entities to set odds for them. The BC Lottery Corporation hired Paddy Power Betfair, now Flutter Entertainment, owner of the FanDuel and FOXBet sportsbook brands in the US, to run sports betting operations and set odds for PlayNow.com in 2012. Flutter’s sports betting technology provider, Scientific Games, took over the existing contract in 2020 and signed an extension through 2024.
Do I need to pay taxes on winning bets?
Most lottery winnings are considered a windfall and not taxable according to the Canada Income Tax Act. The same goes for gambling winnings. That means, whether you consider sports bet winnings a lottery or gambling win, you probably don’t have to pay tax on it. However, if you consider sports betting a job or a business, and the money you win playing a source of income, you might have to pay taxes on that. Consult a Canadian tax lawyer if that’s the case.
How many accounts can I have?
Provincial Lottery Corporations and privately run online sportsbooks will both set limits on the number of accounts and bets you can make. Skirting around those limits by creating more than one online account could be considered fraud.
What happens if I don’t get paid?
Perhaps the best part about Provincial Lottery Corporations running Canadian sports betting is that your provincial government is there to handle any disputes that arise. Of course, the legalization of single-game wagering and allowing private sportsbook operators to enter the market won’t change that. Provincial Lottery Corporations and Gaming Authorities will regulate private operators and give you somewhere to turn if something goes awry.
Why should I bet with licensed sportsbooks exclusively?
Like we just mentioned, Provincial Lottery Corporations both running and regulating Canadian sports betting means provincial governments are providing certain consumer protections to those that bet with provincially run or privately run and provincially regulated sportsbooks. That isn’t going to change now that single-game wagering is legal in Canada, even if the province you live in allows private sportsbook operators to enter the market. Provincial Lottery Corporations and Gaming Authorities will still be there to regulate these privately run sportsbooks. They will license each one and continue to provide the same consumer protections they always have.
Illegal offshore online sportsbooks don’t offer anything near that. They could disappear with your money or refuse to pay out winnings anytime they like and you’d have nowhere to turn. There’s simply no promise of security for your funds or personal information and banking with offshore companies can be downright difficult, making it hard to get paid on big or even smaller scores. The bottom line is that sports betting is enough of a gamble without taking a chance trusting an illegal offshore online sportsbook. That’s why you should always stick to provincially run or privately run and provincially regulated sportsbooks.