Associating Canada only with urban modernity and splendid landscapes would be an understatement. After all, it’s renowned not just for the stated but for the thriving gaming industry as well. And why not? The gambling laws here are extremely flexible and tailored for the welfare of Canadians. The cherry on top was the ease of access to the internet, causing an explosion in demand for online gaming. And with Covid-19 cases all around, people are locking themselves up at homes. With no other pastimes at the moment, isn’t it obvious for them to switch to gaming? Put simply, it’s no wonder why online gambling enjoys so much popularity!
There are again gaming hubs like VulkanVegas Canada site offering a vast lobby of games, including slots, table games, live casino and others. All this and much more is making betting more accessible and enjoyable. However, there are other reasons as well, pointing out why it has grown up to be the newfound love of the citizens of Canada. The article here shall discuss them in details for the interested readers out there.
Stringent Rules in Land-Based Gambling Hubs
Ask someone who operates a land-based casino in Canada and the person will tell you about the manifold limitations in place, making the job quite a challenging one. This is probably why most of them are shutting down, nudging investors to spend on online casinos. Moreover, proposals to launch a new land-based casino are frequently meeting unfortunate dismissals, making it unfavourable and encouraging them to shift focus to online ones.
Flexibility in Online Gambling Laws
As opposed to the rules set by the US, Canada witnesses flexibility in gambling laws. This is probably why Canadians enjoy myriad options and this, in turn, contributes to the profits of the gaming industry. Moreover, if you research a bit, you will find the adoption of a decentralised approach when the matters revolve around betting. In simple words, each territory has the right to set its gambling laws within their borders.
Growth of Technology in Contemporary Times
Modernisation and advancement of technology have further played a role in popularising casino games in Canada. With renowned iGaming operators like Real Time Gaming, NetEnt, Playtech and Microgaming joining the scene to upgrade the ways of betting on some of the most sought-after staples like Poker, Slots and Blackjack, gamblers are now finding it incredibly interesting to bet on those games. Two of those technologies that have found their way into the gambling world are mobile and virtual reality (VR). These have changed the very mechanism by which casino releases are played.
Ease of Access to Online Casinos
Fortunately, Canada has been experiencing a technical boom since the last few years. This has acted in favour of myriad industries of which gambling constitutes one and catalysed the shift of Canadian betting from conventional activities to an online one. But none of this would have been possible without mobile devices and ease of access to the Internet. Moreover, if you check the revenues of land-based casinos, you will discover that their incomes are gradually dipping every year, whereas the Canadian online gambling industry is acquiring 31 billion dollars. It’s evidence enough to confirm the rapid shift of players from land-based casinos to online betting.
Statistics Establishing the Popularity of Online Gambling in Canada
If you take a brief look at the statistics of online betting, you would soon discover that since the launch of it in the year 2004, the curve has been showing an upward trend. What had once recorded a nominal 2.3%, sky-rocketed in 2019. This impacted the GDP and the figure shot up from $2.51bn to $2.65bn from May to September. Territories like Ontario, British Columbia and Quebec have some of the highest counts of gamblers, contributing to the rising gambling revenue countrywide. Also, if you check out the 2016 census, you will notice significant job creation in the gambling industry, with 45,000 Canadians establishing their career in the same market.
All this and much more only confirm the favourable online gambling conditions in Canada and the fact that it’s gradually starting to take the country by storm. A couple of factors, as discussed in the article, like flexibility in online betting rules, convenience and boom of technology have contributed to it and experts anticipate the figures to thrive even more in the upcoming years. And why not? After all, it’s growing up to be the newfound love of Canadians.