The online casino sector in Canada is one of the fastest growing in the world with some least 19 million Canadians gambling regularly. In fact, the country of nearly 40 million people is currently ranked #8 world-wide in online gaming in 2020. Many Canadians play abroad in offshore casinos spending $4 billion last year, compared with $17 billion spent locally.
At home, the gaming sector employs nearly 100,000 people and is a major contributor to the economy throughout Canada, growing at an average rate of 1.1% since 2015. The impact of COVID and seen an increasing number of players seeking to play online with many Canadians flocking to sites like https://www.canadacasino.ca/ hoping to win big on digital slot machines and roulette wheels.
What makes Canada such a thriving hub for online casino action and why do Canadians enjoy these games so much? Here are just a few key factors that have contributed to the rapid growth of the online gaming industry in Canada.
In order for any kind of gambling to prosper, anywhere in the world, the rules and regulations around it need to be firm and clear, but also relatively relaxed, allowing casinos to operate and players to play, while also providing the necessary protections for both parties. Canada's legal situation regarding online casinos strikes a good balance; especially for players.
While rules can vary from province to province, Canadians are mostly able to log on and gamble online freely, without any worries of or prosecution or sanctions. What's more, winnings in Canada aren’t taxed, unless you're a professional gambler, so this also encourages Canadians to play games for money on a casual basis and stress-free.
Another big reason why so many Canadians are switching to online casinos is just how convenient they are to use, especially when it comes to making payments and withdrawing winnings. In certain parts of the world, there are strict restrictions in place in terms of how users can make payments, but in Canada, the options are almost limitless. From classic card payments with the likes of MasterCard and Visa to digital payments via PayPal and Neteller and even cryptocurrency payments like Bitcoin too, online Canadian players at the best Internet casinos can choose almost any kind of payment gateway that works for them. This makes it a lot easier and simpler to make deposits with the minimum of fuss and paperwork.
The sheer variety of different games to choose from is perhaps one of the biggest pulls for the online casino industry – and a big part of its appeal across Canada. Because the industry is so successful, there are literally hundreds of different sites to try out and thousands of possible games to play. This means that the average player can try something new every day and never get bored.
From fun video game themed slot machines to live roulette games with real dealers, the options are never-ending. You can sign up to any casino site or app and find so many different games to play, within a few minutes. It's so easy to find games that appeal to your specific tastes and preferences, as well as broadening your horizons whenever you like with totally new experiences.
It's clear to see that the online casino industry shows no signs of slowing down in its growth and expansion, and Canada is at the forefront of this global shift away from bricks and mortar spaces and into the digital world of virtual slots and pixelated poker. These are just some of the main reasons why Canadians have taken such a liking to gambling online.