By Andrew Johnson
July 11th, 2022
BURLINGTON, ON
The online casino industry is among the fastest-growing sectors, especially in Canada. With around 20 million online casino players, Canada is among the top eight countries in the world in terms of spending money at online casinos. The online gambling industry is reported to generate approximately $100 billion in revenues by the end of 2023. Canada earned around $3.5 billion from online gambling last year. This is because of the popularity of online casinos and the relaxed gambling laws in Canada, unlike other countries like the U.S.
Canadian Casino Player’s Demographics
According to statistics, most Canadian players play casino games at any online Canadian casinos between 4 pm and 6 pm, and 8 pm to 11 pm, with Mega Moolah, a popular progressive slot being the most popular casino game. It is important to note that nearly 80 percent of online casino players are males; however, it is important to note that the number of females using mobile devices for playing online casino games outnumber men. Regarding the age groups, online gambling is more prevalent in the age group of 20-35. This age group makes up around 16% of total online casino players, while all the other age groups are in the single digits. The younger generation prefers playing fast-paced casino games, while the older people prefer playing comfortable and relaxing casino games like bingo.
Canadian Casino Player’s Preference
Canadian loves sports betting. It is evident from the fact online sports betting is the top online gambling activity. While males prefer sports betting, females in Canada prefer luck-based games like bingo. In terms of table games, poker is the most preferred game of Canadians, with 59% of players playing this skilled game of cards.
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Legality of online casinos in Canada
Online gambling activities fall in the grey area in Canadian law. According to Canadian law, operating an online casino within Canada without a valid license is illegal. However, since no particular laws target offshore online gambling sites, Canadians can play casino games safely and legally at any offshore casino.
The Canadian Gaming Commission oversees the online gambling industry and resolves any major issue. However, individual provinces govern the laws regarding online casinos and other betting activities. Since there is no nationwide legislation to regulate online gambling in Canada, it helps that each province can develop its casino regulations.
Any online casino in Canada must have a valid license from the local authority to operate legally. In addition, the local authorities of the provinces must enter into a special agreement for games to be played across provincial borders. Each province except Saskatchewan has at least one online casino.
Why Canadians prefer playing at online casinos
The number of Canadian players in online casinos has touched a new high, which resulted in Canada becoming a significant contributor to the online casino industry. There are many reasons why Canadian players are thronging online casinos. Some of the reasons are:
Easy of Convenience
Online casinos offer people the chance to play casino games from the comfort of their homes. Since online casinos can be accessed anywhere and anytime, they fit into the everyday schedule of people perfectly, thus saving both time and money.
Casino Bonuses & Promotions
Online casinos offer several casino bonuses to attract new casino players to their website and retain their existing players. Players can claim these casino bonuses to play casino games and win real money. In addition, online casinos run different promotions from time to time for their players.
Several Payment Methods
Online casinos provide several popular payment methods like Visa, Mastercard, PayPal, Neteller, and more. These payment methods provide a safe and secure environment to transfer money to and from the casino.
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Plenty of Casino Games
Since online casinos are not bounded by physical space, they can host plenty of casino games. As a result, online casinos have vast quantity and quality of casino games than any land-based casino.
Future of the Canadian Online Casino Industry
The Covid-19 pandemic has impacted several sectors, and the land-based casinos are one of them. Because of the different restrictions and health concerns, people don’t prefer to visit land-based casinos, which resulted in the shut down of many land-based casinos. Although many industries have suffered due to the COVID-19 outbreak, the online gambling industry didn’t slow down, resulting in the significant number of online casinos Canada has ever seen. The demand for new games is enormous right now, and the online casino industry is taking full advantage of this.
So, we can safely say that the future of online casino industry in Canada is looking pretty good.
Re: “With around 20 million online casino players…” – that seems very high, at >50% of the total population. Where did that number come from?
Unfortunately with more online gambling opportunities more lives will feel the pain of addiction.