• Team
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Use
  • Submit Guest Post
Nilsen Report
  • Home
  • TORONTO
  • MONTREAL
  • VANCOUVER
  • QUEBEC CITY
  • HAMILTON
  • BEST RATED
  • News
    • Brand Post
    • International
    • Canada
    • Tech
    • Entertainment
    • Music
    • Health
  • Home
  • TORONTO
  • MONTREAL
  • VANCOUVER
  • QUEBEC CITY
  • HAMILTON
  • BEST RATED
  • News
    • Brand Post
    • International
    • Canada
    • Tech
    • Entertainment
    • Music
    • Health
No Result
View All Result
Morning News
No Result
View All Result

The State of the Gambling Industry in Canada

Harsha by Harsha
April 28, 2022
in Opinion
0
canada
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Wagering money on an event’s uncertain outcome is a favorite pastime of many, and Canadians are not people to shy away from this activity. The country’s gambling market includes casinos, bingo halls, video gaming machines, lotteries, and sports betting. 

Canada’s Relationship With Gambling

In 2020, the largest gambling market fell to the Asia Pacific, accounting for 38% of revenue. Next up was North America, with 29%, and that includes Canada. Although land-based casinos aren’t the first thing that you think of when you picture the Land of Maple Leaf, the country boasts a robust gaming industry.

READ ALSO

Bloons Tower Defense 6 – A blast from the Past or just Nostalgia-Bait?

This is how you find the best online broker

Canadians have access to many brick-and-mortar establishments, racinos, and gaming parlors. Even restaurants and bars feature slot machines for their patrons in some provinces. Besides that, this polite population also enjoys unrestricted access to online gambling sites. What’s the state of the gambling industry in Canada today? Let’s find out.

Statistics

Globally, 350 million people have worrying gambling habits, and Canadians aren’t spared from this fault. Canada is home to 220,000 addicts, and even though this isn’t a significant number compared to its overall population of 38 million, it’s still an issue worth keeping an eye on. While most wager small amounts here and there, others end up losing more than $500,000 per annum.

Interestingly, a whopping three out of four Canadians participate in some form of gambling. In terms of gender demographics, it is a male sport. The population’s favorite forms of betting include lotteries and scratchies. Altogether, the country generates around $16 billion in revenue from the industry as a whole. 

Gambling Legislation

Gambling in Canada is legal as long as it’s with a company that’s licensed or managed by the government. However, laws and regulations on the industry may be confusing as they change according to territory or province. For example, Saskatchewan and Quebec have differing minimum age requirements to play in a casino.

One recent change that received a lot of attention is the legalization of single-event sports betting in Canada. This came into effect in August of 2021. Despite many participating in the act (illegally) prior to the rule change, Canadians are nonetheless breathing a sigh of relief. 

Online Casinos

While Canadians are able to wager their money on casino websites, the regulation of these companies is somewhat sketchy. That being said, online gambling companies can operate and welcome Canadian players under a number of international licenses. 

Canadians are spoilt for choice when it comes to online casinos. Popular iGaming sites include Jackpot City, Spin Casino, 888 Casino, Wheelz Casino, and Bet365 Casino. Over 19 million citizens actively gamble online, and the country ranks eighth on the list of top spenders. Although many enjoy land-based establishments, the number of people turning to their online counterparts is climbing due to ease of access. 

eSports Betting

Another fast-growing sector in Canada is eSports betting. Because there are currently no domestic eSports wagering sites, Canadians rely entirely on overseas bookies. The younger population bets on Counter-Strike: Global Offensive, League of Legends, Dota 2, and tournaments like the DreamHack and ESL series.

Canadians will see a more extensive range of games to bet on as time passes. Now, sports games like FIFA and NBA 2K operate their own leagues and tournaments, and let’s not forget the popularity of Fortnite betting markets. 

Gambling Isn’t Going Anywhere

Betting on outcomes is an activity that dates back to the Paleolithic period, and if it is still going strong today, you know it’s here to stay. Canadians who love a bit of risk-taking need not move anywhere. By the looks of things, they’ll be able to enjoy their favorite hobby for years to come.

Related

Related Posts

bloons
Opinion

Bloons Tower Defense 6 – A blast from the Past or just Nostalgia-Bait?

May 20, 2022
This is how you find the best online broker
Opinion

This is how you find the best online broker

May 18, 2022
player
Opinion

Stadiums where the most iconic Rugby world cups were played

April 26, 2022
What Students Can Get from Classic Movies
Opinion

What Students Can Get from Classic Movies

April 19, 2022
slot
Opinion

Get Lucky with These Slot Tips!

April 15, 2022
the ultimate
Opinion

The Ultimate Casino Payouts FAQs

April 4, 2022
Next Post
23 jump

When Is ‘23 Jump Street’ Coming Out?

Popular News

company of heroes 3

Company of heroes 3: All you need to know

May 20, 2022
Deadpool 3: Release date, Cast and Plot

Deadpool 3: Release date, Cast and Plot

May 20, 2022
sherlock

Sherlock Season 5: Release date, Cast and Plot

May 20, 2022
Can we still expect Mr. Robot season 5?

Can we still expect Mr. Robot season 5?

May 20, 2022

EDITOR'S PICK

lularich

LuLaRich Season 2: Everything You Need To Know

December 24, 2021
kabanari

Kabaneri of the Iron Fortress Season 2: All you need to know

May 16, 2022
VAGABOND

Vagabond Season 2: Release date and everything we know so far

March 20, 2022
space force

Space Force Season 3: Everything We Know So Far

February 23, 2022

About

Nilsen Report is an independent publication house which believes in bringing light to the latest News. We have explored nooks and corners of the world . This blog has well-crafted articles explaining the need-to-knows about the things happening around the globe.

Follow us

Categories

  • BEST RATED
  • Canada
  • Cover
  • Cover 2019
  • Design
  • Entertainment
  • Events Toronto
  • Fashion
  • Festival Season 18
  • forex
  • Games
  • HAMILTON
  • Health
  • Hip Hop
  • Home 10
  • International
  • Interviews
  • LifeStyle
  • MONTREAL
  • Movies
  • Music
  • News
  • Opinion
  • QUEBEC CITY
  • Sports
  • Tech
  • TORONTO
  • Travel
  • TV Shows/ Web Series
  • Uncategorized
  • VANCOUVER
  • Videogames
  • Viral
  • World Cup 2018

Recent Posts

  • Siren Season 4: Release Date, Cast & Plot
  • Tomb Raider 2: Release Date, Cast & Plot
  • Escape Room 3: Release Date, Cast & Plot
  • Avatar 3: Release Date, Cast and Plot
No Result
View All Result
  • Home
  • TORONTO
  • MONTREAL
  • VANCOUVER
  • QUEBEC CITY
  • HAMILTON
  • BEST RATED
  • News
    • Brand Post
    • International
    • Canada
    • Tech
    • Entertainment
    • Music
    • Health

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.