Home ❯ News ❯ Canada’s Failure to Fully Embrace Sports Betting is Costing it Millions
Advertiser Discolusure We want to bring you the best content and the best offers. Just so you know, we may collect compensation from the links on this page and some of our reviewers are compensated for contributing content to this website.
Canada’s Failure to Fully Embrace Sports Betting is Costing Millions
Canada’s failure to get fully active and involved in the sports betting industry is winding up costing the country millions of dollars. That is the view of many people, and a discussion that has resurfaced once again in the wake of NHL forming a sports betting partnership with MGM Casinos. This was a unique and unprecedented move for the world of Canadian gambling, and could prove to be a game changer.
North America was stunned last week when news broke that the NHL has entered the sports betting marketplace. It is worth noting that much of the shock and surprise surrounding this venture comes from the fact that the NHL has not always been so supportive of the idea of sports betting. Indeed, the league was actually pretty outspoken in the past about these sorts of developments happening.
It would be fantasy to suggest that the league had a change of heart for reasons other than the obvious financial benefits. But, is this necessarily a bad thing? The National Hockey League is a sports league, but it’s also a business. And businesses need to make money in order to thrive and grow. The more money the league makes, the more the teams – and by extension, the fans – should benefit. That’s the theory at least. Though, as we know, fans in Canada may have to wait a while in order to enjoy the full benefits of this move.