Canada Online Gaming Booming And Gaining Ground
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Canada Online Gaming is booming and gaining ground. The rise of cryptocurrency and the COVID pandemic have changed the trajectory of the industry's success. Up until recently, many provinces did not allow the operation of casinos if they were based on Canadian soil. Now, the rules are slightly more relaxed.
Canada has a booming online gaming industry. It was illegal to operate an online casino in Canada a few years ago. Now the rules are slightly more relaxed. The rise of cryptocurrency and the COVID pandemic have changed the trajectory of the industry’s success.
Canada's online gaming industry is booming. It was illegal to operate an online casino in Canada before 2020. Ontario's government changed the law to end the national lottery's monopoly on online gambling in the country. Every province except Saskatchewan has at least one online betting site. Online sports betting is the biggest part of the industry. The government does not tax gambling winnings. Canada is ranked eighth on the list of countries that spend the most money on internet gaming. Internet gaming is cutting into the profits of brick and mortar venues. Canadians spent $16 billion on local casinos and upwards of $4 billion of offshore venues in 2012.
Canada is a hugely profitable region for online gaming. Developers and designers are flocking to it to capitalize on the opportunities it provides. Cryptocurrency casinos are on rise. The industry is also keeping up with the explosion in popularity of esports betting. The 30-50 age range still holds the largest share of gamblers in Canada. However, younger players are more interested in the industry. Many online gambling sites are now implementing ‘live dealer’ games.
