Canada's Online Casino Continues To Expand
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Online gambling is moving at an upward trajectory. The growth of the industry is expected to continue in the future as developments in technology transcend. Countries around the globe are changing their outlook on online gambling. Legislators are initiating moves to regulate and control the fast-growing industry.
The novel coronavirus pandemic changed the gambling landscape of the world. More and more people are attracted to online gambling because of the stay-at-home mandate of the government. Land-based casinos and other gambling venues were mandated to shut down operations in March because of the spread of the deadly pathogen.
The shutdown of the bricks and mortar casinos opened the window for the expansion of online casinos. During the lockdowns, the gambling industry saw massive demand for online gambling, such as online casinos and sportsbooks. Regulators in many countries saw the potential of the industry to produce enormous tax revenue.
Canada’s online gambling industry
Canada is one of the leading online casino markets globally, with a value of more than C $ 30 billion per year. Experts believe that it will exponentially grow in the next few years, beating its land-based counterparts. Gambling is one of the most popular entertainments in the country, and the addition of online options adds to the growing demand.
Canada allowed several forms of land-based and internet gambling. Online gambling platforms are restricted in Canada, and the gamblers are placing their bets in offshore gaming platforms. Players place their bets on online casinos located in the Kahnawake native reserve and the offshore companies regulated by the Malta Gambling Authority and the UK Gambling Commission.
Operating the online platform in the country is restricted, but playing at the online casinos is not illegal. It is proven by the massive number of gamblers playing in the Kahnawake reserve offshore casinos. The gambling law confuses gamblers since they are not allowed inside illegal betting houses, but they can play in online platforms.
Rise of online gambling in Canada
Online gambling operators found their way to avoid strict regulations in Canada. They located their operations in places where online gambling is legal and offered their products to the Canadian market. Adam Nadeau, the founder of Playcasinos.ca, said legitimate online casinos based on a third-party government display necessary licenses and software.
Gamblers are always advised to check for the casinos’ licenses and proceed with caution if the platform’s legitimacy is questionable. Gamblers should choose casinos that are licensed by government regulators such as the Malta Gaming Authority (MGA), the United Kingdom Gambling Commission (UKGC), and the Kahnawake Gaming Commission (KGC).
Gamblers could protect themselves from illegal gamblers by checking the legitimacy of the operation of platforms. The improvement in internet speed in Canada contributed to the fast growth of its online gambling industry. The country’s effort to improve its internet and mobile infrastructure allowed gamblers to enjoy more than satisfactory gameplay.
OpenSignal reported that the country is now ranked 25th in nations with the best mobile gaming experience. Gamblers in the rural areas of the country were given decent broadband access because of government efforts.
