Online gambling continues to grow, and Canada has not been left behind. Statistics show that Canada ranks 8th in the list of countries where playing casino games online is most popular, with over 19 million Canadians playing online casino games. Here is an overview of how the online gambling sector is growing in Canada.
Popular online casino games
One of the most popular kinds of gambling types in Canada is sports betting, with most gamblers preferring to bet on games such as hockey, football and basketball among others. Of course, there are also gamblers who prefer to put money on popular casino games include poker, slots and roulette. No matter what your preference is, online casino sites in Canada offer irresistible bonuses and promotions to entice new customers and keep existing ones happy.
Gambling demographics in Canada
Most of the online gamblers are aged 30-50, with men accounting for 56%, while women make up 43%. Slots are the most popular games in the country. Older gamblers prefer relaxed games such as bingo, with the younger generation showing more preference for fast-paced games. Gambling in Canada is on the rise, with gambling fetching more than $2.64 billion, with online casinos accounting for $1.2 billion.
However, the requirement for casinos to seek licenses from the provincial government is a hurdle that many online casinos face. Online casinos are present and legal to operate in all provinces in Canada except Saskatchewan. Online casino companies need special agreements to provide games across provinces. Licenses are issued in Ontario, Quebec, Manitoba and British Columbia. The Canadian government does not currently impose taxes on your winnings, which means you get to keep 100% of what you win.
Why online casinos in Canada are increasing in popularity
While casino games are fun to play and gamblers even have a chance to earn some money, there are also other factors that have come into play in the growth of online casinos in Canada. One of them is legislation such as licenses and user control which has made gamblers feel safe.
The rise in more online casinos offering live dealer games has also contributed to the popularity of online casinos. This is because they can now an immersive gambling experience, allowing players to feel as if they are in a brick and mortar establishment.
Another factor is the introduction of cryptocurrencies such as Bitcoin and Ethereum, which gives users alternative banking methods. Canadians may also prefer gambling at crypto casinos since they have advantages such as increased privacy, security and anonymity. Cryptocurrency solutions do not need to pass through an authority to be approved, and thus are cheaper.
The rise of online casinos in Canada has also been boosted by the rise in Esports. Esports have been a massive hit, especially among the young generation, and predictions for the future are that its popularity will increase further. Gamblers get to experience what is going on and even be part of the action. Another factor that has contributed to the growth of online casino gambling in Canada is the widespread connectivity of the internet and the rollout of the 5G network which makes it easier to play casino games online, no matter where you are.