November 26, 2024

Single Game Wagering| Is it coming to Ontario?

3 min read

The push is on for single game wagering in Ontario and you’d find no better place to house this than Woodbine Race Track and it’s parent company WEG.
The province of Ontario is strategically position for this multi- billion dollar upgrade from our current online sports wagering platform called proline which was ok when first introduced many years ago but is now outdated in my humble opinion.

With the support of major sporting leagues in Ontario we have learned that provincial Finance Minister Vic Fedeli to federal Finance Minister Bill Morneau have received documentation asking for “an amendment to the Criminal Code of Canada that would legalize single event sports wagering in Canada.”

Single game wagering is massive in terms of dollars both for the city and province and will generate hundreds if not thousands more jobs in the long run.
In Las Vegas take a single event such as the Super Bowl which provides somewhere in excess of 100+ different single betting options to a sports bettor.
You can bet the coin toss,wager on the who rill receive the kick off,number of interceptions  I can go on forever.

The Super Bowl is the spectacle of sports betting and the State of Nevada takes in somewhere in the neighborhood of $700-900 Million on that single event.

We’ve seen what single sports wagering has done in other states where it was recently legalized and this would be a great addition to Ontario.

Currently in Canada you can’t make a legal wager on a single event like the Super Bowl or the Grey Cup.
As of now more than 8 states south of the boarder offer single game wagering and some of those are boarder cities to Ontario so why would we want to send our dollars south when we can keep it in house and drive the american players here where there dollar gets them more ” bang for the buck” @ an exchange rate of $1.40 Canadian for their $1 greenback?

Do professional teams support single game wagering in Ontario?

Fedeli is quoted as saying

“The NBA would support the province of Ontario offering this form of betting, subject to appropriate safeguards,” wrote NBA Commissioner Adam Silver.

MLS Commissioner Don Garber wrote: “We support Ontario’s initiatives to grow fan engagement in a responsible matter.”

“Canada must move forward to ensure Canadian industries remain competitive with their U.S. counterparts,” wrote CFL Commissioner Randy Ambrosie.

And NHL Commissioner Gary Bettman wrote: “The NHL believes that a level playing surface for sports betting is in the best interest of the NHL’s sports betting landscape.”

It’s time to move on up the Jefferson’s would say. If we build it they will come and as stated we already have the facility staring us in the eye all we need is a change in the criminal code and the “GO” to get this thing rolled out.
Let’s not wait any longer. Why start the marathon 5 minutes later then that pack and always play catch up with the others.

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