Good news to wagers in Canada is that they can now bet on single sports. This comes after NBA claimed that it will support the idea despite it going against Bill C-290. This was reported by the Canadian Gaming Association (CGA) said this week. Since the legalization of betting in Canada, Criminal Code in the country has always checked on the single betting and only allowed multi betting where punters collectively sum up their bets through provincial lottery operators. The main reason behind this was that more often than not, addiction would follow single betting as well as match fixing.

Advocators to this bill claimed that provincial lottery corporation would cash in millions of money; cash that would belong to the unlicensed offshore markets who by now are the only operators that have been providing for Canada’s kinkier betting requirements.

Multi-billion-dollar Gray Market

It has been claimed that more than $10 billion has been the revenue generated annually by single event betting. Hockey league games have generated income to more than 220 betting firms with another 120 Canadian Football league also generating income. The Canadian League is posted by more than 130 betting sites.

It was back in 2012 that the NBA opposed the bill claiming that it would kill off the affiliation between the league and its royal supporters.

A statement from the NBA during hearing of the Senate of Canada’s Legal and Constitutional Affairs Committee this week claimed that they are no longer bothered with opposing legalization of sports betting in Canada. However, their condition was that there should be the implementation of a suitable legislative structure that would safeguard the veracity of the game. This would however be based upon severe authoritarian obligation as well as technical safeguards.

NBA head Adam Silver claimed that the congress should put in place centralized structure that would give mandate to the state in giving authority in professional sports which would be subjected to stern requirements.

However, other main sport leagues based in North America have been flexible to the idea with C-290 still standing to be a long shot which has been the main basis in which punters in Canada bet on.