All over the world, online casinos are booming and there seems to be no end in sight at all. Billions are being turned over here and the gambling craze is steadily increasing. According to estimates, the international online casino industry is expected to make over $300 billion in revenue by 2023. This makes this industry one of the fastest growing in the entire global market. This development has not passed Canada by either. Already now, Canada is on the top 10 list that can enjoy the most online players. A visit to Slotsource.ca shows the best free slots online in Canada. Already, Canadian online casinos can boast revenues of about $31 billion.
The regulations of Canadian gambling
Gambling has been legal in both land-based and online casinos since as early as 1969. In the early days, provinces were allowed to run lotteries as long as they were regulated by the government. In Canada, there was an important basic requirement for legal gambling, it was that a portion of the lottery revenue had to be donated to charity. The largest and also the most recognized state in terms of online gambling is Quebec. So if gambling laws are passed here, all other states will follow. Canada is definitely different than the rest of the world regarding gambling regulations.
More than 100 casinos in Canada alone
In the meantime, it is possible to bet on horses, bingo and poker games in Canada without any problems. More than 100 casinos have now spread throughout Canada. However, there are some exceptions to this rule, which currently include the regions of New Brunswick, Newfoundland & Labrador and Prince Edward. The gaming industry pays over $12 billion in salaries and allowances with an average annual salary of around $65,000.
What about unlicensed operators?
The Canadian law has, related to unlicensed operators, very clear regulations, as they are definitely not allowed to accept online bets. Nevertheless, there is still an access for Canadians to offshore online casinos, poker rooms, bingo sites and bookmakers. However, a clear change in preferences is evident with regard to brick-and-mortar and online casinos. While brick-and-mortar casinos are always low in popularity, online casinos are enjoying a steady rise in popularity.
This is why online casinos are so popular in Canada
The gambling industry is experiencing an unprecedented boom in terms of online casinos. They are now taking over the largest part in the gambling industry. Why online casinos are so popular is explained very simply. Above all, easy access plays an extremely important role here. Therein surely lies the reason why the land-based casinos generate each less revenue as compared to the online casinos.
Ontario is the place where there are by far the most gambling jobs, here 40% of the gambling income goes to Canadians in the form of a salary. There are over 23,000 slot machines in Ontario.
The best online casinos in Canada
A statement about which is or are the best online casinos in Canada, can not be answered across-the-board at all. Here decides primarily the personal taste and personal preferences. For example, if you particularly love sports betting, slots or poker, you have to specifically look for what the respective online casino has in its portfolio.
Online casinos in Canada and in the USA
Canadian online casinos have a clear advantage when it comes to regulations, as the rules here are nowhere near as strict as they are in the US. The Canadian gambling law is characterized more by a very liberal attitude. Since Canadian online casinos have significantly more options than it is the case for online casinos operating in the US, this clearly leads to a rapid growth in the Canadian gambling industry.
The focus of the Canadian gambling law is primarily on an optimal online casino gaming experience. Each state in Canada is allowed to determine for itself how gambling is now handled. Therefore, each province has its own rules. Accordingly, these can be quite different from region to region.
The minimum gambling age in Canada
The minimum age to participate in gambling is 19 years in most regions in Canada. In the regions of Manitoba, Quebec and Alberta, however, one may participate in gambling from the age of 18. It is therefore important to take a close look at the applicable gambling rules in each province.
The situation in the USA is quite different
In the US, only about 4 percent of Americans have access to legal and regulated sites. Only 5 US states allow online casino gambling. As recently as 2013, only 3 US states allowed legal gambling. These were the states of New Jersey, Delaware and Nevada. In the meantime, gambling is also allowed in Michigan and Pennsylvania. In total, there are 13 US states with legal online sports betting.
Growth forecasts for Canadian online casinos
Annually, Canadian online casinos can book around $31 billion. Both live dealer games, keno, blackjack, roulette, baccarat, slots, table games, poker or video poker and card games are among them. For the Canadian gaming sector, 2017 was absolutely the strongest year. Here, the province of Ontario was able to achieve a growth, compared to the previous year, of 12 percent. According to different estimates, the gambling industry is even forecast to reach up to $525 billion by 2023. The share of the online gambling industry is expected to be 94 billion US dollars.
The gambling industry employs 185,000 Canadians. If we take into account the economic impact of gambling and the jobs it creates, the number of employees would rise to over 270,000.
The favorite game of Canadians is Blackjack
Blackjack enjoys a very special popularity in Canada. Nevertheless, there is a whole range of online casino games. Canadians particularly enjoy playing Blackjack with a live dealer. To play with a live dealer in Canada, all you have to do is read the Live Dealer Guide and then you can start playing right away.
Citadel Direct North America, PaySafeCard, Instadebit and VISA are the most popular payment methods used by Canadians. The money is in the player’s account within the shortest possible time, regardless of the option chosen. Nevertheless, the payout can take a few days.
The growing popularity of online slot machines in Canada is not only due to the great and exciting games, but also to the very liberal gambling laws and easy access to online casino. It can be assumed that the craze will continue in the future.