U S Gambling Revenue To Break $44 Billion Record In 2022

U S Gambling Revenue To Break $44 Billion Record In 2022

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The Atlantic provinces, which include New Brunswick, Prince Edward Island, Nova Scotia, and the Province of Newfoundland and Labrador, all feature lottery games administered by Atlantic Lottery. Officials with Atlantic Lottery have publicly stated that they can easily add single-game wagering to their existing parlay offerings and will do so as soon as the provinces legalize it. However, the provinces themselves have yet to announce whether they plan to legalize single-game wagering, as allowed under C-218.
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The horse racing industry strongly opposed legalizing single-game wagering because of its potential impact on revenues. If people are betting on sports, they may not be as interested in betting on horses. Horse racing was exempted from C-218, which means that state lottery commissions will not offer horse racing as a wagering option. This was great news for the industry, as it will preserve the ability of the private horse racetracks to continue to host races and offer wagering at tracks across the country.
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The regulations created by each province could eventually include retail sports betting at casinos. Single-game wagering is coming to Canada, but are the major U.S. Sportsbooks coming as well? We’ve discussed the provincial lottery commissions, all of which will almost certainly add single-game markets to their existing sportsbooks. What is not settled is whether the big companies like DraftKings and BetMGM will end up operating in Canada. They have stated their clear interest in entering the Canadian market, particularly on their social media channels.
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