Ottawa is set to reveal details of its plan to enact single-sports betting in Canada on Thursday at an event in Niagara Falls, Ont., according to sources who spoke with Yahoo Finance Canada.
Attorney General David Lametti is expected to spell out when the Safe and Regulated Sports Betting Act, legislation that ends Canada’s long-standing ban on placing bets on individual sporting events, will come into effect.
Bill C-218 received royal assent on June 29, but has sat idle in recent weeks without a date to “come into force” from the Prime Minister’s cabinet.
The legislation permitting provinces to regulate new forms of sports gambling has been hotly anticipated by provincial lottery corporations, online sportsbooks, and land-based casinos eager to tap into a lucrative market currently dominated by offshore online bookmakers.
