How Big Is Canada’s Black Market for Sports Betting?

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dc.contributor.authorLewis, Johanna
dc.date.accessioned2024-09-09T15:26:13Z
dc.date.available2024-09-09T15:26:13Z
dc.date.issued2024-09
dc.description.abstract[A Cardus Research Brief] One of the arguments made when single-event sports betting was legalized in Canada in 2021 was that people were going to bet on sports anyway, so why not make it safer to do so, and taxable? There’s an element of truth to this. Regulation does allow for government oversight and improved play protections, and it’s better for gambling revenue to go to problem-gambling treatment and other government programs than to organized crime. Yet there are several problems with the argument. For one, it presents gambling demand as basically inelastic: people have a certain amount they want to bet on sports, and that’s the amount they’re going to bet, regardless of the legal conditions for doing so. But gambling corporations (including government-owned corporations such as OLG) clearly don’t believe demand for their product is inelastic, given that they spend hundreds of millions of dollars each year trying to stoke demand through advertising.
dc.identifier.urihttps://hdl.handle.net/1880/119654
dc.language.isoen
dc.publisherCardus Work and Economics
dc.publisher.institutionCardus Work and Economics
dc.rights© Cardus, 2024. This work is licensed under a Creative Commons Attribution-Noncommercial-NoDerivatives Works 4.0 International License.
dc.titleHow Big Is Canada’s Black Market for Sports Betting?
dc.typeTechnical Report
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