John Levy: Canadians deserve a modernized and regulated sports betting market

John Levy, founder of Score Media and Gaming, has commended the Canadian Federal Government for introducing legislation to legalize single-event sports wagering in Canada.

The Safe and Regulated Sports Betting Act proposes amendments to Canada’s Criminal Code, which will give the provinces and territories the ability to offer single-event sport betting products and the discretion to manage single-event sport betting in their respective jurisdictions.

“Canadians deserve a modernized and regulated sports betting market and we commend the federal government for their efforts to legalize single-event wagering,” said Levy.

“There is now clear cross-party support and strong momentum to amend Canada’s outdated federal laws and enable the legal sports betting market to flourish. As the leading mobile sports brand in Canada, we are eager to bring theScore Bet to our fans and offer them our best-in-class sports betting experience.”

Earlier this week, the Canadian Parliament edged closer to approving the legislation, with Ontario Premier Doug Ford stating that the appetite of Canada’s most populous province could no longer be met alone by the Ontario Lottery & Gaming Corp, which currently enjoys a monopoly.

theScore estimates a market potential for online gaming in Canada of between US$3.8 billion and US$5.4 billion in annual gross gaming revenue, based on historical data extrapolated from legal online gaming markets in the US and globally.

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