The Team Canada 50/50 lottery scheme is back ©COF

After a successful first run during the Tokyo 2020 Olympics, the Canadian Olympic Foundation (COF) has re-launched the Team Canada 50/50 lottery scheme for Beijing 2022.

The gambling initiative was designed so that the fans have an opportunity to money while supporting Canadian athletes.

A new competition, Team Canada Sweepstakes, has been introduced for the Winter Olympics. 

All supporters purchasing a Team Canada 50/50 ticket will be entered into a draw for a provincial jackpot.

Sweepstakes ticket-holders have a chance to win a cash prize of CAD5,000 ($3,950/£2,950/€3,500).

"We are thrilled to launch this Team Canada 50/50 ahead of Beijing 2022," COF chief executive Jacquie Ryan said.

"This initiative enables Canadians to win big while supporting high-performance sport in their home province.

"Every ticket purchase will truly make a difference - not only for the lives of those who win but for Canadian athletes nationwide who continue to develop their skills with the hopes of one day reaching the podium."

Proceeds from the provincial raffles will be invested in the respective provincial sport system, part of COF efforts to fund infrastructure and people to support Canadian athletes.