British Columbia Raises Online Gambling LimitPublished August 25, 2009 by OCR Editor
Residents of the Canadian province of British Columbia will soon be permitted to bet thousands of dollars each week on sports, online games and the lottery.
From weekly betting limit of $120 to $10,000.
The British Columbia Lottery Corporation announced its decision last week to raise the weekly limit on a gambling Website owned by the provincial government from C$120 (US$111) to nearly C$10,000 (US$9,250) by the year 2014.
The Website sells lottery tickets and allows bets on sports and on games such as bingo and poker.
The move drew heavy criticism from opposition politicians, but British Columbia Lottery Corp. president Michael Graydon defended the decision by saying that that research showed players should be permitted to set their own limits.
"We felt that it was important to put a ceiling on that, but really the premise and the outcome of the research was we're in the best shape to be able to let the players set their own limits," he said, adding that the corporation - and not the government - had made the decision.
But Shane Simpson of the New Democrat Party called the decision to increase spending limits "unacceptable."
"This has been done with no consultation, as I can see, with people who are concerned about problem gambling," he said.
The move could prove fruitful for the corporation, which said it wants to take advantage of the estimated C$87 million that residents of the west coast state spend on offshore gambling websites.
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