Blogs

How has the gambling industry grown in Canada?

Charlie Adams

Chief Editor

 


Online casinos are on the verge of taking the universe by storm, recent years have seen the growing popularity of casinos online, the increase is by 70 percent over two years, and the trend is still rising day by day. Canada emerges as one of the top countries across the world reflecting a massive growth in the sector of online gambling. However, Canada witnessed an unstable start in the gambling industry with stringent laws and prohibited rules across the country but the revenue generation in Canada has staggered to a great extent now.

Online casino apps in Ontario are trending and have contributed a lot to the revenue generation of the country. A report made by the Canadian Gambling Association shows that the legalization of sports betting in the province led to an amount generated of $16.1 million dollars throughout the states. Canada has opened its arms to embrace online gambling, it has approximately 100 casinos to welcome players nationwide.

Canada gambling

How has the gambling industry grown in Canada? Source: pexels.com

The popularity of online betting in Canada

Online casinos are at par with traditional casinos in terms of a wide range of gaming opportunities and an array of game selections. This wide selection criterion has made online betting a better option for Canadian bettors. They can easily wager on various live events, gaming activities, and matches, and can also avail gaming preferences and variations in games like blackjack, lotteries, slots, poker, etc. Players can try their luck in these games and also make spontaneous attempts at live casinos.

25 percent of the online gambling crowd of Canada contributes to the lottery arena, because of its popularity. Although sports betting is quite appealing and popular in the province, it is not completely legal, but this does not restrict bettors to place their bets on events, data shows around 15$ billion goes into the pockets of online sports betting.

Legalities in online gambling

Each and every province in Canada is permitted to modulate online gambling laws according to their own preferences. Online betting in Canada was outlawed until the latest date. This change in the industry for two years has made it experienced in a way that it can now bloom in Canadian players and enables them to get entertained with their favourite events and casino games being at the comfort of their houses and just with a click from their mobile devices.

The gambling protocols and laws in the country came into action viz-a-viz in two categories: primarily, the First Nations Law followed by the second, the Provincial law. It states and explains online gambling is completely legal in the provinces of Canada. Well, the country’s federal laws are planned in such a way so that it passes regulation of virtual gambling to each and every particular territorial or provincial government.

However, some local laws are more stringent comparing it to federal law. Two prime examples of these are the Ontario Gaming law and the other is the City Bans on Gaming. The Ontario players have a difficult time placing bets in multiple online casinos, whereas in cities like Markham, laws to ban web-based gaming are also passed. It becomes essential for the players and bettors in Canada to know the legal rules and restrictions of the gambling industry before hopping on to wagering in their respective areas and getting into this lucrative field.

Important factors to consider before wagering

  • Safety and Legality

Gambling sites or apps need to obtain a licence in order to operate, do not forget to recheck with their licensed existence. The legality of any gambling online is regulated by the federal laws of the nation, so try to ensure safety and check on the encryption before placing your bets. Make sure the payment options are encrypted with SSL and client information is protected.

  • User Experience

If you want to decide how legit a website or an app is, check for its user experience or search for user reviews. This is a good way to determine the popularity and legitimacy of a gambling platform. These reviews cover information about the app along with certain grievances and complaints. Also, negative remarks let you contemplate things and you start to focus more on the safety, security, quality, and privacy concerns. You must know your digital footprint while you are settling for an online casino.

  • Payment Options

Understanding a wide range of payment options and their availability in the region is extremely important. Legit online gambling platforms offer safe and secure payment options which facilitate instant deposits and withdrawals.

Parting Words

Talking about online betting legislation in Canada, the country has posed mild restrictions on the industry and has extended its popularity. Statistics Canada has predicted some projects which reveal 65 percent of the country’s population pertains to the legal gambling age of Canada, and they can place their bets from the preceding year.

SEE ALSO:

Pay Space

6717 Posts 0 Comments

Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.