CANADA IS A country that is seeing tremendous growth when it comes to its technology sector. It has become a hub for some of the top talent not only from the country itself but also the United States and beyond. Its urban hubs have become a hotspot for the top young talent. And with this, the country now has a demographic of a young population overall who are enthusiasts for technology.
And so it should come as no surprise that along with this, the online casino sector in particular has also been growing. Canadian casinos used to be limited to just actual land-based casinos; however, now people living in Canada can enjoy playing all of the top online slots or other casino games from their smartphones.
How big is the online casino industry?
Regulation has also been relaxed in recent years in order to ensure that online casinos that are being hosted in Canada are more accessible and also regulated, ensuring that players are safe when playing online. The government clearly observed and noticed that a relaxation in the rules and regulations surrounding online casinos could benefit the economy. When it comes down to a provincial level, each province within Canada can regulate it as they see fit. You’ll find that in most of these only the operators that are managed by the government can operate. Meaning that offshore casinos struggle to, this however does benefit those in-house online casino operators.
Ontario leading the way
In total, research suggests in Ontario, there are in excess of 45+ companies who have registered themselves with AGCO, which is also known as the Alcohol and Gaming Commission. Amongst these operators, nearly all of them offer all of the top online slot games that you would find on any of the top online casino sites in any other country, such as Europe or the UK.
In addition to this, Canadians can also enjoy playing the more traditional casino games, such as roulette or blackjack. When it comes to payment methods as well, a lot of Canadians will find that they can use a range of digital wallets to deposit and play online, such as PayPal or Skrill, and many of the online casinos will accept CAD.
In Summary
As we look forward to the future, we can expect more of the other provinces to follow Ontario’s lead. What we mean by this is that they were the first province that regulated online gambling fully. And since then the government has seen this bring a huge boost to the economy, and it looks like the other provinces may follow suit now they have seen how lucrative of an industry this can be. It’s also been agreed by many different stakeholders that this is also the best approach to supporting Canadian online casinos rather than allowing the revenue to go to offshore casinos. Only time will tell, though, so it is going to be exciting going forward to see what developments happen.
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