Ready to throw down some legal wagers?
Following Bill C-218's successful run through the house of commons and the agreed amendment to the criminal code, the Canadian government announced Thursday that the bill which will legalize single-sports betting will officially come into effect on Aug. 27.
It will then be up the provincial governments to roll out the processes to allow legalized non-parlay betting, be it through government-run programs or licenses to independent operators.
Bill C-218 will officially come into law almost two months after it passed royal assent and just in time for the start of the busiest segment of the sports betting calendar, and in particular the start of the NFL season.
BREAKING: Minister of Justice & Attorney General of Canada @DavidLametti announces that Bill C-218, the amendment to the Criminal Code to allow single-event sports betting in Canada, will officially come into force on August 27th, 2021. #BillC218 pic.twitter.com/CzYenwio33
— TSN EDGE (@TSN_Edge) August 12, 2021
Justice Minister David Lametti made the announcement at Fallsview Casino Resort, and a facility which theoretically could develop a Las Vegas-style sportsbook in-house depending on Ontario's plans to manage and facilitate the enacted law.
It's believed that Canadians spend upwards of $14 billion on offshore and other illegal betting platforms every year. It's seemed obvious for many years, and as sports betting becomes further strewn within the fabric of sports and sports media, that the government should attempt to cut into that number and redirect funds into other important governmental programs. The considerable financial repercussions alone is likely the reason the private member's bill was moved quickly through the house and passed into law.
It's believed that many Canadian-based companies and organizations are champing at the bit to be involved in the provincial roll-out plans. It's also possible that several professional sports franchises north of the border will be seeking partnerships, and that sportsbooks or betting windows could open inside venues as soon as this upcoming season in the NHL, NBA and CFL.
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