Research shows that online gambling is growing in popularity in Canada compared to previous years. Previously, authorities did not allow online gambling sites to operate within the country’s shores. However, currently, you can play online games on Canadian-operated and offshore sites. Read on to discover how and why online gambling is growing in popularity in Canada.
Canadian Gaming Industry Overview
It is estimated that by 2023, the global gaming industry will grow to around $500 billion in revenue. Among the top 10 countries for online gambling, Canada is among the top 10 countries, such as the United States, which remains dismissive of online gambling due to its relaxed laws on gambling compared to other countries.
Canada makes about $31 billion a year from online gambling. This number is expected to increase in the coming years. Ideally, for Canadians, the increase in online gambling is due to technological advances.
Brick-and-mortar casinos have seen a decline in player numbers and revenue over time. Canadians choose to play online because it allows them to play from the comfort of their homes. In addition, online game developers offer various options and improvements to attract more players.
You can find detailed information on everything related to online gambling in Canada in many resources over Google. If you play casinos a lot, you need to keep yourself updated as the gambling rules in the country are constantly changing.
What is Canada’s gambling population?
The most interesting fact about online gambling in the country is that more women than men gamble with mobile devices. However, men still make up the most significant percentage of online gamers at around 80%, while women only make up about 20%.
Casino players are mainly young professional men and women and college students. Understandably, young people have plenty of time to play online games.
According to statistics, most Canadian men prefer table games and online slot machines, while women prefer gambling games such as bingo. Generally speaking, roulette is the most popular game in the country. Canadians aren’t afraid to spend all their savings on online sports.
Most online gamers in the country admit to playing between 4 pm and 6 pm. Because the government doesn’t tax online gambling income, the prospect of gaming is enticing. Also, most players enjoy huge bonuses in Canada. For example, the Mega Moolah progressive slot jackpot winner won $7.5 million.
Is it safe to play online casinos in Canada?
Generally speaking, it is safe to play in a new online casino in Canada. However, you must keep your data and funds secure. Most people prefer to register with a casino under the Kahnawake Gaming Commission (KGC).
Without some form of regulation, online and land-based casinos can abuse their power for their benefit. Also, players can easily be scammed out of their hard-earned cash without regulations. Unfortunately, they have no recourse against unlicensed virtual casinos and offshore casinos.
The Kahnawake Gaming Commission ensures that all casinos enter protocols to protect minors and vulnerable groups from exploitation. Yes, companies have issued rules prohibiting children from playing because they can’t make good money decisions. Plus, kids don’t earn anything, so where are they supposed to get money to play?
The panel also ensures that players can enjoy various games from authorised operators. Most importantly, the commission prevents illegal mergers between casinos that could eventually lead to monopolies and player extortion.
All licensed online casinos must have proper encryption keys to protect players’ data and money. If casinos or players do not comply, the committee will send officials to investigate disputes and resolve them amicably.
Most importantly, the commission ensures timely payouts to players. Have you ever heard of unscrupulous casinos that hold on to the players’ wins for an extended period? If you play from licensed casinos, you won’t experience that problem.
Relaxed payment methods
The other reason why Canada has seen a tremendous increase in the number of online casino gaming is the various payment options for wins. If you’re a Canadian, you can deposit or withdraw money from gambling using PayPal, MasterCard, Visa cards, Entropay, and Neteller.
Canada is a hub for online gaming because players don’t need to convert currencies to play. Yes, casinos accept either Canadian or US dollars. Thus, players are at liberty to either play using Canadian or US dollars, of which players incur no conversion fees. Sounds interesting, right?
Is Online Casino Gambling Legal in Canada?
Online gambling remains a grey area in the country as there are no robust rules for online gambling. As a player, you won’t have any problems playing online games. However, hosting online casinos is a controversial issue as it is illegal.
No wonder why many Canadian online casinos are hosted abroad. However, there are still many locally hosted online casinos. The government has also empowered provinces to enact relevant gambling laws within territorial boundaries.
The relaxation of gambling rules began in 1985 when the government allowed ten provinces to hold lotteries. While gambling rules have been handed over to local authorities, the Criminal Code, which condemns all forms of gambling in Canada, has not changed. Therefore, there is still a lot of confusion among online casinos.
Still, even though many online casinos are hosted and regulated by different provinces, the central government has remained calm. Most likely, that means it can host online casinos locally.
The Kahnawake Mohawk Nation, just outside Montreal, is where most online casinos are located. Hence, offshore hosting provides a loophole for most casinos and players to play freely and cash out their winnings.
However, brick-and-mortar gambling of any kind is legal within Canada. Therefore, you can have any slot machine for players to play. The only nebulous situation is online gambling. Ironically, Canadians have turned to online casinos and abandoned almost all brick-and-mortar casinos.
The law also does not tax player winnings. Therefore, no one will chase you in the event of a slot machine win. However, if you consider gambling a full-time occupation, you will need to pay taxes. You may be wondering how the government can tell if you bet for a living.
The trends in your online gambling transactions can determine whether you gamble for a living or as a form of entertainment. So your demonstrated ability to win, how often you play, and how much you win each time can have the treasurer knocking on your door.
In conclusion, online casino gambling has become common among Canadians thanks to technological advancements and the proliferation of smartphones and tablets. Also, online gambling is fun and convenient for most players. As long as you make sure the casino is licensed and licensed in Canada, you can play and withdraw your winnings safely. The country earns billions of dollars from online casinos, which is likely to increase in the coming years.