Bill C-218 passes second reading in Canada
25 May 2021
(PRESS RELEASE) -- Score Media and Gaming Inc. Founder and CEO John Levy issued the following statement on today’s passing of Bill C-218 on second reading in the Senate. Bill C-218, which would legalize single event sports betting in Canada, now moves to committee for deliberation.
“With today’s passing of Bill C-218 on second reading in the Senate, we are now one important step closer to legalizing single event sports betting in Canada. The Bill has now been referred to the Senate’s Standing Committee on Banking, Trade and Commerce, which provides another opportunity to discuss how safe and regulated sports betting will benefit all Canadians by implementing necessary consumer protections, generating critical tax revenue for our communities and driving job creation. Following committee, we are optimistic that Bill C-218 will be swiftly passed at third reading in the Senate, receive Royal Assent and become law.”
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 U.S. and globally.
theScore’s sports media app (iOS and Android) is one of the most popular multi-sport news and data apps in North America and its mobile sportsbook, theScore Bet (iOS and Android), delivers an immersive and holistic mobile sports betting offering, including a wide range of pre-game and in-play betting across all major sports leagues and events, and a comprehensive variety of bet types, and is currently live in New Jersey, Colorado, Indiana and Iowa.