Canada is one of the world’s largest economies and it shows in almost every aspect of business and industry. Apart from the usual suspects, Canada is – perhaps surprisingly – among the most fruitful and lucrative online gambling markets globally.
A report reveals that the market size of the gambling sector in Canada is orbiting somewhere around $15 billion annually, which makes this North American country a genuine online casino superpower. But how is it possible? Why is Canada continuously growing in the field of virtual gambling?
We will answer these and many other questions in the following chapters!
Table of Contents
Why Online Casinos?
The first riddle we have to solve here is this – why the heck would anyone play casino games on the Internet? Although it seems counterintuitive, people are actually mad about digital casinos because it makes gambling more accessible.
For instance, online casinos give you the chance to access games whenever you want and from wherever you want. At the same time, the pandemic speeds up the process and encourages casinos to design alternative versions of popular games. This is the case with anime, movies and game slots as they have become extremely popular during the COVID-19 crisis. If you want to learn more about online casinos, check out Casinos Analyzer and discover how to win some extra money by having fun along the way.
The Structure of the Canadian Online Gambling Market
Online gambling in Canada is highly specific because different provinces regulate casino businesses differently. Central authorities are not keen on gambling, but they let the provinces decide whether to establish a public casino company or not. Everything else is considered illegal in Canada, which means that private companies are not allowed to run online casinos.
The province of British Colombia was the first to establish a state-owned online gambling platform back in 2001, while a few more provinces followed the example soon afterward. Gamblers in other provinces take a different turn and play through offshore gambling platforms based in Malta, Macau, or Curacao.
The bottom line is that people who want to play online casino games can do it freely regardless of the Canadian province they live in.
Important Growth Factors
Another question we get to hear often is: How come online casinos are growing so rapidly in Canada and elsewhere? We can name at least a dozen of reasons, but let’s stick to the ones that really make the difference.
1. Low deposits and wagering requirements
Online casinos are very inclusive because they accept all kinds of gamblers, including the ones who want to invest minimal amounts. You can always find a 1$ deposit casino and start a game with close-to-zero budgets. Of course, no one stops you from spending thousands of dollars if you feel like doing so.
2. Promo offers
Online casinos have a very clever way of attracting new players. They create promo offers and features that seem too good to be refused. You can find bonuses, free spins, double deposits, and many other additions that make online gambling more attractive than offline casino games.
3. Availability
Finally, we must say that online casinos are available around the clock – especially during the coronavirus pandemic. This is important for gamblers who don’t have the time or money to organize journeys or plan well in advance.
The Bottom Line
Online casinos are thriving all over the world, but Canada definitely makes one of the most dominant virtual gambling markets internationally. Canadians obviously love playing games online, even though their home country is not exactly open to digital gambling.
However, the combination of domestic casinos and offshore gambling businesses helps Canadian players to enjoy their favorite casino games as much as they want to. Our prediction is that the Canadian online gambling market is going to keep growing simply because more people are turning to online gambling, while virtual casinos are getting better year after year.
