2024.07.17
little river casino golf course(Image: New York Times)Earlier this week, the House of Commons resoundingly passed Bill C-218. Companion legislation in the form of Bill C-13, which would legalize single-game betting at the federal level, is scheduled for a second reading in the House of Commons on Friday and is expected to easily pass, too.With strong brand recognition and an established footprint in the country, DraftKings could be a winner as the country modernizes its sports wagering offerings.We believe DraftKings, operating Daily Fantasy in Canada for nearly a decade with a large customer database, is well- positioned if favorable regulation for private operators occurs,” said Oppenheimer analyst Jed Kelly in a note to clients on Friday.DraftKings is currently live and legal in 13 US states. For Super Bowl LV earlier this month, sportsbooks in New Jersey and Nevada – the two largest US sports wagering markets – handled a combined 3.5 million in wagers.Ontario, Canada’s most populous province, will be a marquee Canadian market for DraftKings and others.“We see Ontario offering the most immediate opportunity, where it recently included legal language in its annual budget to allow private operators to offer Online Sports Betting and iGaming products,” said Oppenheimer’s Kelly.Sports Betting WinnersPerhaps no operator is poised to benefit from Canada’s new sports betting policy more than Score Media and Gaming Inc. chukchansi casino newsThat’s to the liking of Penn National Gaming (NASDAQ:PENN) investors, too, because that company owns 4.7 percent of Score Media equity.Other potential winners include Caesars Entertainment (NASDAQ:CZR), which owns an eponymous casino in Windsor, Ontario, Bet365, and FanDuel.Assuming full access, it would be the largest North American market for DraftKings by population.Good Timing for DraftKingsKelly’s comments are contributing to a nearly five pegt slots online real moneyercent gain for DraftKings stock today, indicating investors are warming to the idea of what could be a lucrative opportunity set in Canada.Adding to the north of the border allure for sportsbook operators are expectations that single-game sports betting will be live there by the start of the 2021 NFL season. It’s legislation that allows Canada’s 10 provinces and three territories to roll out betting on individual sporting events. encore casino buffet open chukchansi casino takeovermohegan sun casino gift cardAlthough Canada has its own football league, the NFL is popular there, as the league has multiple franchises that play in close proximity to the US border with that country.Getting to live status in advance of the 2021 NFL campaign is critical for Canada’s revenue-generating ambitions because football is the most wagered-on sport in North America. The owners of Rivers Casino Des Plaines announced Wednesday plans to dramatically increase the size of the suburban Chicago casino. It positions the country and operators to benefit from the next Super Bowl. black hawk casino free playA DraftKings lounge at Gillette Stadium in Massachusetts. Canada is home to 37.59 million citizens. The owners of Rivers Casino Des Plaines announced Wednesday plans to dramatically increase the size of the suburban Chicago casino. silver oak casino withdrawal form borgata casino parkingkansas star casino clint blackA DraftKings lounge at Gillette Stadium in Massachusetts. Companion legislation in the form of Bill C-13, which would legalize single-game betting at the federal level, is scheduled for a second reading in the House of Commons on Friday and is expected to easily pass, too.With strong brand recognition and an established footprint in the country, DraftKings could be a winner as the country modernizes its sports wagering offerings.We believe DraftKings, operating Daily Fantasy in Canada for nearly a decade with a large customer database, is well- positioned if favorable regulation for private operators occurs,” said Oppenheimer analyst Jed Kelly in a note to clients on Friday.DraftKings is currently live and legal in 13 US states. It positions the country and operators to benefit from the next Super Bowl. Companion legislation in the form of Bill C-13, which would legalize single-game betting at the federal level, is scheduled for a second reading in the House of Commons on Friday and is expected to easily pass, too.With strong brand recognition and an established footprint in the country, DraftKings could be a winner as the country modernizes its sports wagering offerings.We believe DraftKings, operating Daily Fantasy in Canada for nearly a decade with a large customer database, is well- positioned if favorable regulation for private operators occurs,” said Oppenheimer analyst Jed Kelly in a note to clients on Friday.DraftKings is currently live and legal in 13 US states. DraftKings (NASDAQ:DKNG) is one of the US-based gaming compaegt slots online real moneynies that stands to benefit from the legalization of single-game sports wagering in Canada, according to one Wall Street analyst. 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