Known for inclusiveness and its high quality of life, Canada has made its way to becoming a major gambling country. The global gambling industry as a whole has been growing consistently in recent times. The projected total growth of the industry is huge and it will take only a few years for the industry to be valued at nearly a trillion dollars.
Canada has developed an open-minded approach when it comes to this industry. While other countries have often had tough stances against gambling, Canada has always taken the easy approach. Evidence of this is clear from the many clubs, casinos and online gaming platforms dedicated to enthusiasts. Dreamz Casino is a great example of the online gaming scene in Canada and beyond.
For many enthusiasts, knowing about new and upcoming casinos is key. You can click here to explore the world of new casino entrants in the market. of you can have a look at the numerous online casinos in the country. Today, the gambling business is booming with nearly 6 billion USD being realized by 2021.
A study done by research markets found out that the high numbers in online betting are a shift from the traditional betting. Online betting has taken root and land-based gambling is on the verge of extinction.
Technology also plays a part in this shift as it provides players with modern ways to play games using casino applications. Some of the companies that run this online software are Microgaming, Realtime Gaming, and Playtech.
With experience in creating online casino software games, these companies use intricate programming methods to come up with games applications that are easy to navigate, simple to use and easy to understand.
Players can now enjoy some of the benefits they can’t get in land-based casinos of which include;
- Convenience and comfort
- A wide array of deposit options
- Hefty online casino bonuses
- Great range of games
Every year, the industry in Canada brings in profits totaling to $31 billion which is one of the biggest margins in the world. Out of these, games like lottery, horseracing, raffles, table games, and Bingo take a part in the share. The other amount is covered by games like blackjack, roulette, video poker, card game, and table games.
Since blackjack is the easiest game to play, it takes the largest percentage of the games across all players. It’s also the game that is easily available and anyone can access it even with their smartphones.
The Gambling Laws in Canada
Amidst all the positive outlook on online betting in Canada, things are a little murky on the ground as the industry seems to face legal challenges. One of the laws that have kept many operators at bay is the licensing law that only permits licensed operators.
The government, however, has not come with laws that govern the operation of betting firms over the country as a whole. Each province is allowed to create their laws. The bottom line is that they should not compromise on protecting the citizens from online scammers.
With this is in mind, Quebec is at the forefront in spearheading this directive by the government. It has robust gambling laws with a well-established system on how to operate the betting firms. It’s not a surprise that every other province is benchmarking to come up with the same techniques to grow the industry.
Bottomline
The curve that gambling in Canada has taken is undoubtedly impressive. Unlike other countries that can’t stand gambling, the country is taking all the benefits that come with regulating the industry well. With technology pushing for its growth, this gambling market is promising.
