Canadian Sports Funding Faces Major Shift With Potential Betting Tax Allocation

Canadian Sports Funding Faces Major Shift With Potential Betting Tax Allocation

Key Moments The Future of Sport in Canada Commission has proposed channeling sports betting tax revenue into national sports funding gaps this week. Canadian Olympic and Paralympic Committees have expressed strong support for reinvesting betting taxes in the sports system. The commission has identified significant integrity and responsible gambling concerns if gambling revenues fund youth and community sports. Report Recommends Betting Tax Solution Canadian sports are facing significant funding shortages, as federal support for the national sports system has stagnated for years. A new report by the Future of Sport…

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