theScore Founder and CEO John Levy today issued the following statement in response to the Canadian Federal Government introducing legislation to legalize single-event sports wagering in Canada.

The legislation proposes amendments to Canada’s Criminal Code to give provinces and territories the ability to offer single-event sport betting products and the discretion to manage single-event sport betting in their respective jurisdictions.

“Canadians deserve a modernized and regulated sports betting market and we commend the federal government for their efforts to legalize single-event wagering,” said Mr. Levy. “There is now clear cross-party support and strong momentum to amend Canada’s outdated federal laws and enable the legal sports betting market to flourish. As the leading mobile sports brand in Canada, we are eager to bring theScore Bet to our fans and offer them our best-in-class sports betting experience.”

theScore estimates a market potential for online gaming in Canada of between US$3.8 billion and US$5.4 billion in annual gross gaming revenue, based on historical data extrapolated from legal online gaming markets in the U.S. and globally.