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5 Reasons Behind the Incredible Growth of the Online Casino Industry in Canada

A simple search on “Countries that gamble the most” on Google will reveal that Canadians gamble the most, in almost all generated outcomes! Colombo Telegraph, an online news website in February of 2021, listed Canada as the top online betting country in terms of “Freedom in Gambling,” “highest gambling population” at 75%, representing a total of 19.3 million Canucks and the “highest spenders” with an average of $570 in a year! Canucks take advantage of all casino offers, including free demo slots, Internet slots Canada, etc. to gain experience and gamble as a recreational activity, thus the high gambling turnover!

<strong>5 Reasons Behind the Incredible Growth of the Online Casino Industry in Canada</strong>

All these factors are attributed to the continuous growth of the online casino industry, which includes:

  • Accessible and Stable Internet Connectivity
  • Increased Use of Smart Devices
  • Relaxed Laws Regulating the Gambling Industry
  • Increased Use of Mobile Casinos
  • Increased Game Choices for Canucks

Accessible and Stable Internet Connectivity

Innovation, Science and Economic Development Canada (ISED) reports that a “Good internet speed” measure for any Canadian is broadband with download speeds of at least 50mbs and upload speed of 10mbs. The main reason for this broadband internet is that many Canadians work from home. Thus internet access is widespread. Plus, the government strives to provide stable access by enhancing the “Latency Levels” and the “Data Cap.” Canadians cell phones adverts often come with adverts referring to data or download speeds instead of the data used each month while lowering the latency levels for a flawless experience, according to Whistleout.

In today’s technology, internet speeds worldwide have taken off from 5G networks, which offer fast speeds while connecting everyone and everything, according to TO Times. At the same time, you get to send extensive data without interruptions or slow upload or download. The accessibility and the provision of stable internet connectivity enable a quality gaming environment. Canucks all over the country can log into the online gaming sites in Canada and play any time of the day or night.

Increased Use of Smart Devices

Electronic Products and Technology, an online website specialized in offering technological and smart device news, indicates that 92% of the Canadian population own and use smart devices in their homes and workplaces through a report by NordVPN. Smart devices arise from the continuous growth and advancement in technology, and Canada ranks amongst the best countries with the finest adaptations to recent technologies. Thus, there won’t be a lack of mobile devices, a smartphone, a smartwatch, and other smart appliances in a household. Today, a Canuck can ask Alexa to search for “Popular casino sites” and display the results on your television or tablet without leaving your seat or typing in a search word!

The ease of use of smart devices has simplified the gambling front in Canada, doing it an accessible service online. Smart devices’ “Functional and Appealing” aspect further enhances their suitability for online gambling use. Smart devices are often “compact and portable,” providing gambling services from any location without fail, dramatically impacting the gaming industry and leading to its continuous and dynamic growth!

Relaxed Laws Regulating the Gambling Industry

Canada can be described as the “most diverse” regarding laws and regulations. Players have more gambling opportunities and fewer laws to abide by when playing online. A player can explore and use online gambling sites to generate money. The only condition is to classify the activity as “Recreational” and not as employment, and the player is good to go. The government gambling laws classify online gambling as a recreational activity. Thus, players do not pay taxes on their winnings in most Canadian provinces, unlike other countries worldwide! The history of gambling in Canada also supports this laid-back approach to gambling regulations by gambling authorities in Canada.

Since the gambling industry is quite proactive and dynamic, the 1970s presented a chance for casinos to plead their case and receive proper licenses and government approvals! From that period to date, the industry has developed and transformed to include online gambling sites and live casinos in the recent past. The industry’s evolution has also introduced digital currencies in online casinos regardless of whether you use mobile-based casinos or desktop versions!

Increased Use of Mobile Casinos

Statista reports that mobile phone users in Canada are expected to rise to 33 million by 2024 from the 29 million recorded back in 2018, in a report released in December 2020. The high number of mobile phone users has resulted in market demand for mobile-based online casinos worldwide. AS a result, most sites have designed mobile casinos through optimized websites for mobile or mobile-based casino applications! These casinos provide bonuses and other mobile phone users, games, and other benefits, matching the desktop casino versions!

Canucks can place wagers using their mobile phones. Accept and make payments with mobile-based payment platforms. Some of the most popular include Google Pay, Apple Pay, PayPal, and many more. Players can also transact using digital currencies such as bitcoin to play any select games via mobile phone! Plus, you can stream games live, engage in sports or e-sports betting, and receive notifications for any news on the industry using a smartphone device.

Increased Game Choices for Canucks

Every single individual loves variety in every item, product, or service. Continuous use of the same product or service can become tiresome after a while. Online casinos take this factor as crucial and thus, provide a variety of in-game choices and types for Canadian gamblers. For instance, players can take a shot at online slots, considered the easiest in gameplay, and realize a payout! However, online casinos offer various slots in different categories, including Jackpot, bonus pays three or five reels, Megaways, and more. At the same time, each online casino has additional game types such as lotteries, Classics, or traditional card games like roulette or baccarat.

Recently, casinos have introduced live dealer games through a live casino adding to the available game choice for Canucks. Live casinos provide the feeling of being in a brick-and-mortar casino. Players play against actual opponents in different parts of the world; work with a live casino dealer through a virtual network! In 2019, e-sports betting became popular with the Covid-19 regulations and is now a blossoming industry!

Summary

The growth of the gambling industry is a result of: Accessible and Stable Internet Connectivity, Increased Use of Smart Devices, Relaxed Laws Regulating the Gambling Industry, Increased Use of Mobile Casinos and Increased Game Choices for Canucks. Others include increased marketing and advertising, various promotional and bonus offers, and the presence of quality and trending technological applications!

Categories: Gambling

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