There are two potential impacts, I suppose.
One is that allowing single-event sports betting on hockey games, let's say, could still attract the betting audience away from horse racing. That is one possibility. It might be a low possibility, but it is one to consider.
The second is that it doesn't have perhaps a large impact. The other impact is that provinces and territories, by legalizing single-event sports betting in the manner that this bill and Bill C-13 propose—by targeting this paragraph of the Criminal Code—would let provinces and territories set up schemes for any kind of sporting event. That would also include horse racing. If a province then took action after legalization, they could set up, for example, fixed-odds betting on horse racing, or their own parimutuel system on horse racing, or any other form of betting that they can dream of, really, and that would directly compete with the system that the CPMA runs.
I'd be happy to elaborate.