Canada legalized gambling more than three decades ago, and it has gained popularity among Canadians since then. The gambling industry has become the largest sector in the Canadian economy, generating massive revenue for the Canadian government. With the development of mobile technology, online gambling, like the rest of the world, also became quite popular in Canada. Approximately 30% of the total gambling traffic is generated by online gambling. It is pretty certain that the popularity of online gambling in Canada will undoubtedly grow even more in the coming years. The principal features of online gambling in Canada are:
The legality of online gambling
Online gambling operations are in a trickier situation and are considered a grey area in Canadian law. According to Canadian law, it is illegal to operate an online gambling site within Canada without a license, but Canadians can play at any offshore casino safely and legally. The companies cannot operate any online casinos in Canada, but the Kahnawake native reserve hosts most offshore gaming servers. Since no particular laws target offshore online gambling sites, Canadian players can safely play casino games at offshore gambling websites.
Secure online gambling for Canadians
The online gambling industry is overseen by the Canadian Gaming Commission, which solves any serious issue. In addition, the gaming commission communicates with the government, media, and the public to keep the online gambling industry in perspective. However, individual provinces can enact and enforce the laws concerning casinos, online gaming, and other similar betting activities. The ability of each province to develop its safe online casinos regulations helps as there is no nationwide legislation to regulate online gambling in Canada. There is a greater emphasis on the safety and licensing in online gambling. Canadian online casinos practice socially responsible gaming practices and take strict measures against underage gambling. The gambling environment in Canada is well-regulated, with government budgets dedicated to spreading awareness amongst gamblers.
The online gambling market and demand are pretty big
The online gambling industry is developing at a brisk rate. With such a development in this market, new trends are emerging continuously, especially in the Canadian casino industry. Unfortunately, many industries have suffered due to the COVID-19 outbreak, but the online gambling industry didn’t slow down, resulting in the significant number of online casinos Canada has ever seen. The demand for new games is enormous right now, and the online gambling industry will take advantage of this. The industry has a market value of $70 billion and will continue to grow with the evolution of mobile technologies.
The minimum deposit casinos are more popular
The online gambling market in Canada provides casino players with minimum deposit casinos where online casino players can make deposits as low as C$5. New online casinos are regularly launching, but none are as popular as minimum deposit casinos. A C$5 minimum deposit casino is probably the most appealing casino in the country. These casinos are just like regular casinos but have lower deposit limits, 500+ games, great bonuses, and excellent customer support. The best C$5 minimum deposit casinos provide an extensive collection of the best online table and slots games. Moreover, it is safe to play with at these casinos real money as they are licensed and regulated with trusted payment methods.
Use of Cryptocurrencies is growing
There has been a massive surge in the popularity of cryptocurrencies in recent years. As a result, many casinos use cryptocurrencies like Bitcoin, Ethereum, etc., as a payment method. It is a faster alternative than the traditional bank payment methods. In addition, cryptocurrencies provide an extra level of security, thus eliminating any player-operator trust issues.
Live dealer games generate huge revenue
Live casino games are an essential part of the online gambling industry. The technological breakthroughs in the past few years and the playing experience of live casino games made these games more popular and innovative. This resulted in a large portion of gaming revenue; British Columbia alone generated approximately $3.14 billion in revenue. The online gambling industry holds the top position in the entertainment industry from the revenue generation point of view. In fact, many government and charitable activities depend on revenue from the gambling industry for funding.
Currently, there is no nationwide legislation to regulate online gambling for its citizens. However, the demand and revenue generated from gambling will encourage the legalization of online and land-based casinos in more Canadian provinces. Therefore, the casino players need to stay gamble aware and read basic information about laws regarding the desired games.