Yukon online sports betting laws
For the tiny population of Yukon, sports betting options are extremely limited. Despite the passage of bill C-218 in the summer of 2021, there are no licensed Yukon betting sites and very few places to place a wager in person.
Is sports betting legal in Yukon?
Yukon sports betting is legal – but the options are few and far between for those who fancy a sports wager.
Is online sports betting legal in Yukon?
There are no licensed Yukon online sports betting options available to people in this sparsely populated territory.
How old do I have to be to place a bet in Yukon?
You need to be at least 19 years old if you want to place a bet of any kind in Yukon.
In such an environment, it is no surprise that many people in Yukon, as in Canada as a whole, turn to sportsbooks operated by organizations based outside the territory. These operations are perfectly legal under Canadian law. However, they are working in a grey area because they are unlicensed. The products that they offer are superior to the Sport Select games, but there is a risk in betting with them because they are unlicensed. The passage of bill C-218 in August 2021 allows for lottery operators who run betting operations in each part of Canada to offer single-game wagers, and to do so online. So far, Yukon has not accepted that invitation.
Gambling winnings in Canada are not subject to tax. The government has ruled that this does not constitute a form of income that should be taxable. However, if you earn interest on your winnings you should pay tax on that – and if you do not declare it on your T5 form, you may be fined.
Daily Fantasy Sports (DFS) are legal in Canada. No law has ever been passed outlawing DFS in the country, and as a result the major providers of the games have operated there for some years. DraftKings and FanDuel have fans in Yukon who enjoy the challenge of fantasy sports.
Hockey is hugely popular everywhere in Canada – so why should Yukon be any different? The exploits of NHL sides such as the Edmonton Oilers and the Vancouver Canucks attract plenty of interest and betting activity.
The sparse nature of the population, and the limited options when it comes to sports betting, means there are limited local options available for anybody who encounters problems with their gambling. However, there are national organizations that offer resources and practical support.
The Responsible Gambling Council is recognized as the principal resource of assistance on the issue in Canada.
Problem Gambling is an organization with a vast stock of responsible gambling tools to help people who may have a problem.
The only licensed option for sports betting in Yukon is at the 37 retail outlets permitted to operate the Sport Select games administered by the Western Canada Lottery Corporation (WCLC). The only licensed casino in the territory is based in Dawson City; if the sports betting landscape matures here, that could become another venue for wagering on the big game.
As things stand, the only Yukon betting sites available are those run by offshore operators. These are completely legal, yet they operate in a grey area because they are unlicensed, meaning playing with them carries an element of risk. The best betting sites are widely trusted and have great customer experience, generous bonuses and competitive odds.
Sportsbooks operate in an extremely competitive arena – and one of the areas where they can gain an edge is in offering more generous odds. However, given the mathematics of bookmaking it is impossible to say one site is always running higher odds than any other. The best advice is to shop around to see which sportsbook suits you.
It is to be hoped that more Yukon betting sites are launched in years to come to generate online activity and competition. The best betting sites offer excellent customer experience and are highly trustworthy. They also offer generous bonuses and offers, and a wide range of betting markets.
Cash out is a relatively recent innovation in the sports betting industry. Many sportsbooks now offer the facility to close down a bet while a sports event is still going on, to preserve a profit or minimize losses. Shop around the sportsbooks to see which operators offer the best terms.