Potential for Online Sports Betting Can Make Canadian Authorities Take Note

Online Casino gambling is a big pastime in Canada nowadays. Like many other sectors, gambling has been affected a lot by the growth of the internet. Online gambling has become one of the top businesses and despite restrictions in some nations, online sports betting is now in vogue.

Each country has its own gambling law and this adds to complication of online sports betting. In Canada, gambling-friendly approach in law has been in place since the 1970s. The scenario for online gambling is a tad different. Canadian authorities have been rather blind to flourishing online gambling industry. The upcoming Super Bowl is what has made several countries to reconsider their online sports betting laws. In Canada, gambling is under provincial jurisdiction and a few provinces have their online casinos too.

The fact is Canadian players have fewer choices and they eventually have to wager through overseas online sports wagering sites. As per the Canadian gambling law, it is not legal to offer online gambling services to the citizens. So, Canadian players have full access to offshore websites.

Thousands of Canadians actually wager on sports via offshore websites. The Canadian Gaming Association is of the view a huge amount of money is used through unregulated offshore websites- bypassing the tax authorities of the country. This is possible owing to loopholes in the country’s online gambling laws. This situation needs improvement through revamp of legal framework.

According to sources in the gambling sector in the country, ignoring the impact and reach of online gambling causes massive revenue losses in Canada, running into billions of dollars. Nine provinces of Canada are now pressing for legal sports wagering. The Liberal government is not much against the idea of single-event sports wagering as well. There is no denying the growth and popularity of the gambling industry has benefited the economy.

The legalization of online gambling practices is not likely to lead to growth of problem gambling. On the contrary, Industry experts feel regulating online sports betting industry may lead to better protection of player rights and promote a safe gambling environment.

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