What exactly are the laws regarding offshore betting in ONtario, Canada....any response would be appreciated....
Question about Ontario gambling laws?
- Thread starter CrazyLew
- Start date
Well.......let's put it to you this way.........I'm from Ontario and I've never had a problem gambling offshore. In fact there a two "onshore" books right here in Canada (Wagerstreet and SportsInteraction).
I know this might not be the answer your looking for...but perhaps I helped you a bit!
I know this might not be the answer your looking for...but perhaps I helped you a bit!
If u r betting $20 a game dont think they wanna pay someone $100000 to come after ya ..
i was going thru the law and they dont have law specific to internet sports betting.
I think it all depends on if u wanna bet online or not ..
As to ur exact Qs dont have the answer. Its Canada .. law is never very clear ..
Spock
# kickserv .. take out the e-mail from ur post. Jack does not allow e-mails in the posts. :nono:
i was going thru the law and they dont have law specific to internet sports betting.
I think it all depends on if u wanna bet online or not ..
As to ur exact Qs dont have the answer. Its Canada .. law is never very clear ..
Spock
# kickserv .. take out the e-mail from ur post. Jack does not allow e-mails in the posts. :nono:
I was reading at Interactive Gaming News a couple of weeks ago that apparently a Canadian MP - Dennis Mills stated that the Liberals were prepared to pass a law this year which will legalize online sports and casino betting in Canada. Apparently the government will issue licenses (similar to Australia), which will allow a casino/sportsbook to set up shop anywhere in Canada and offer their product worldwide. If I read the article correctly, the government will charge a fee for the license and take a small tax on the profits (if it's similar to the current casinos it will be about 4%), and the government will then dole out the money based on where the bets are made from. Any profits from bets in Canada will get the tax from those bets to go to the province where the bets were made but if the bets are made outside Canada then the tax will go to the feds.
Hence consider the following:
Bets from Ontario make $2,000,000 for the year
Bets from Alberta make $1,000,000 for the year
Bets from outside Canada make $20,000,000.
Ontario government would get $80k (2 mil x 4%)
Alberta government would get $40k
Canadian government would get $800k in taxes plus any licensing fees.
Reason a book would want to operate I assume would be the same they want to operate from England or Australia - a recognized government from a major industrial country. Better connections, better Internet reliability. More difficult for the U.S. government to hassle the operators as they did with Jay Cohen since the country authorizing the activity is THE BIGGEST TRADING Partner and one that the U.S. recogizes as having fair laws. The U.S. government has always stated that the governments of Antigua and others are not legitimate and hence their laws are not relevant to the U.S. but they have never stated the same thing about Australia or England. I doubt they can do much about Canada if the authorized Canadian government approved sportsbook or casino wants to market its product to U.S. citizens.
I'll see if I can find the article.
Hence consider the following:
Bets from Ontario make $2,000,000 for the year
Bets from Alberta make $1,000,000 for the year
Bets from outside Canada make $20,000,000.
Ontario government would get $80k (2 mil x 4%)
Alberta government would get $40k
Canadian government would get $800k in taxes plus any licensing fees.
Reason a book would want to operate I assume would be the same they want to operate from England or Australia - a recognized government from a major industrial country. Better connections, better Internet reliability. More difficult for the U.S. government to hassle the operators as they did with Jay Cohen since the country authorizing the activity is THE BIGGEST TRADING Partner and one that the U.S. recogizes as having fair laws. The U.S. government has always stated that the governments of Antigua and others are not legitimate and hence their laws are not relevant to the U.S. but they have never stated the same thing about Australia or England. I doubt they can do much about Canada if the authorized Canadian government approved sportsbook or casino wants to market its product to U.S. citizens.
I'll see if I can find the article.
