Casinos have to go through a strict regulatory process in order to gain a foothold in Canada, but their efforts are clearly worth it. The industry is a huge success across the country with online gambling contributing some $1.2 billion dollars to the national economy in 2020.
That figure represents almost half of the overall total of $2.65 billion which includes offline trading. With overseas operators also available to Canadian residents, steady growth is expected over the next few years.
Online casino operators targeting their games at Canadians are now more popular than ever. Many Canadians are opting to play casino games on sites such as Spin Casino, as they are more convenient than visiting a land-based casino. Sites like Spin casino also host a variety of casino games on their site making sure they offer a game suitable and accessible for everyone.
The revenue numbers are impressive, particularly when the rules over online gambling are taken into account. Regulations in terms of digital play are especially strict with the Canadian government passing over responsibility to individual provinces.
Not all of the provincial leaders have been happy to open up the practice but Alberta, British Columbia, Ontario and Saskatchewan have slowly allowed their residents to take part.
Those based outside of the country have an easier path into Canada as they are not governed by the country’s laws. As long as the individual customer meets their age and other requirements, it’s perfectly legal for Canadian citizens to register with trusted accounts that are regulated in other parts of the world.
Players in the country, therefore, have a good mix of operators such as, along with a wider choice of overseas companies. The choice could be bigger, but it is adequate for now and the revenue returns are clearly impressive as a result.
The Nation’s Preference
Canadians have been able to stake on their favourite games for many years now. The first physical casino opened in Winnipeg back in 1989 and several others have been established since that time.
Classic casino games such as roulette, blackjack and poker have been popular while there is an affection for slot machines too. All of these games can be easily replicated and upgraded at online casinos.
Lottery and sports betting have, historically, been on the list of favoured options for Canadian players and they can also be found in abundance across the digital operators.
Into the Future
There are no reasons to believe that the growth in casino play will be slowing down anytime soon. Canadian players are serious about their gaming and new customers are coming on board all the time.
We have also seen some provinces relaxing their rulings over online play and it’s conceivable that others will open up slowly in the years to come.
New innovations also help to drive the industry forward and exciting approaches to gameplay will also play a part in the future of online casinos. One area that has been around for some time now is Virtual Reality but it’s yet to fully gain a foothold, either in video gaming or in online casino play.
The situation with VR is expected to change in the near future as technology improves and equipment becomes more affordable. That is the kind of innovation that can only help Canada’s online industry to develop and to build on its existing success.