Canada missed out on revenue from $18 billion in sports betting

Jun 18, 2013 |
As Bill C290 sits in limbo in the Canadian Senate, the country is missing out on a lucrative revenue stream reports the Wall Street Journal.

As of Tuesday, the bill has been in the hands of the Senate for 469 days. In that time, Canadians have wagered an estimated $18 billion in illegal sports-betting. This is something that could be rectified and capitalized on if the Senators approve the bill, which seeks to legalize single-game wagering in the country.

From the Wall Street Journal:

As it stands now, Canadians can legally make parlay bets on two or more sporting events depending on which province they live in.

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