Research indicates that unlike previous years, online gambling has gained popularity in Canada. Previously, the authorities didn’t allow any online gambling sites to operate within the shores of the country. However, currently, you can play online games from sites operating within Canada and offshore websites. Read on to learn how and why online gambling has gained popularity in Canada.An Overview of the Gambling Industry in Canada
The global gambling industry is estimated to increase revenues to about $ 500 billion by the year 2023. Among the countries that top the list of online gambling, Canada makes it to the top ten thanks to the relaxed laws regarding gambling in the country, unlike other countries like the US that still frown upon online gambling.
Canada earns about $ 31 billion yearly from online gambling. The figure is even expected to rise in the coming years. Ideally, the increase in online gaming for Canadians is attributed to the advancement in technology.
The brick and mortar gambling facilities have, over time, experienced a decline in the number of players and, consequently, the revenue. Canadians opt to play games online because it gives them the convenience to play from the comfort of their homes. Besides, online game developers have provided a variety of options and advancements to entice more players.
There are many resources where you can find details about all matters of online gambling in Canada, such as the Gamblingguy.ca. If you’re a frequent casino player, you need to keep updating yourself because the rules of gambling in the country keep changing.
Is it Safe to Play Online Casinos in Canada?
Generally, it’s safe to play online casinos in the country. However, you have to make sure that your data and money are secure. Most people prefer registering with casinos under the Kahnawake Gaming Commission (KGC).
Without any form of regulation, online and traditional casinos can abuse their powers to suit their interests. Besides, if there are no regulations, players can easily get scammed off their hard-earned cash. Sadly, they would have no way to enforce recourse against unlicensed virtual casinos and probably offshore ones.
The Kahnawake Gaming Commission ensures that all casinos input protocols to safeguard the underage and vulnerable populations from exploitation. Yes, the body has put in place regulations such that children aren’t allowed to gamble since they cannot make proper money decisions. Besides, children don’t earn, so where would they get the money to gamble?
The body also ensures that players enjoy a variety of games from licensed operators. Most importantly, the commission prevents any illegal merges between casinos that could eventually lead to monopoly and extortion of players.
All licensed online casinos are required to have proper encryption codes to protect players’ data and money. In the event of a casino or player failing to follow the regulations, the commission has officials who investigate disputes and solve them amicably.
Most importantly, the commission ensures timely payouts to players. Ever heard of unscrupulous casinos that hold on to the players wins for an extended period? Well, if you play from licensed casinos, you won’t experience that problem.
Generally, it’s safe to play online casinos in the country. However, you have to make sure that your data and money are secure. Most people prefer registering with casinos under the Kahnawake Gaming Commission (KGC).
Without any form of regulation, online and traditional casinos can abuse their powers to suit their interests. Besides, if there are no regulations, players can easily get scammed off their hard-earned cash. Sadly, they would have no way to enforce recourse against unlicensed virtual casinos and probably offshore ones.
The Kahnawake Gaming Commission ensures that all casinos input protocols to safeguard the underage and vulnerable populations from exploitation. Yes, the body has put in place regulations such that children aren’t allowed to gamble since they cannot make proper money decisions. Besides, children don’t earn, so where would they get the money to gamble?
The body also ensures that players enjoy a variety of games from licensed operators. Most importantly, the commission prevents any illegal merges between casinos that could eventually lead to monopoly and extortion of players.
All licensed online casinos are required to have proper encryption codes to protect players’ data and money. In the event of a casino or player failing to follow the regulations, the commission has officials who investigate disputes and solve them amicably.
Most importantly, the commission ensures timely payouts to players. Ever heard of unscrupulous casinos that hold on to the players wins for an extended period? Well, if you play from licensed casinos, you won’t experience that problem.
Which is the Gambling Population in Canada?
The most interesting fact about online gambling in the country is that the numbers of females that use mobile devices for gaming outnumber those of men. However, the males still constitute the most significant number of online gamblers, with about 80 percent, while women only represent about 20 percent of online gamers.
The population of casino players is mainly young career men and women and college students. Understandably, young people have a lot of time they utilize online gaming.
According to statistics, most Canadian men prefer table games and online slots, while women prefer luck games such as Bingo. Generally, Roulettes are the most preferred games in the country. Canadians don’t fear to blow away all their savings on online sports.
Most online gamers in the country admit to playing between 4 pm and 6 pm. The prospects of the games are enticing because the government doesn’t tax returns from online gambling. Besides, most players enjoy tremendous wins in Canada. For instance, the progressive slot jackpot winner of Mega Moolah won $ 7.5 million.
The most interesting fact about online gambling in the country is that the numbers of females that use mobile devices for gaming outnumber those of men. However, the males still constitute the most significant number of online gamblers, with about 80 percent, while women only represent about 20 percent of online gamers.
The population of casino players is mainly young career men and women and college students. Understandably, young people have a lot of time they utilize online gaming.
According to statistics, most Canadian men prefer table games and online slots, while women prefer luck games such as Bingo. Generally, Roulettes are the most preferred games in the country. Canadians don’t fear to blow away all their savings on online sports.
Most online gamers in the country admit to playing between 4 pm and 6 pm. The prospects of the games are enticing because the government doesn’t tax returns from online gambling. Besides, most players enjoy tremendous wins in Canada. For instance, the progressive slot jackpot winner of Mega Moolah won $ 7.5 million.
Relaxed payment methods
The other reason why Canada has seen a tremendous increase in the number of online casino gaming is the various payment options for wins. If you’re a Canadian, you can deposit or withdraw money from gambling using PayPal, MasterCard, Visa cards, Entropay, and Neteller.
Canada is a hub for online gaming because players don’t need to convert currencies to play. Yes, casinos accept either Canadian or US dollars. Thus, players are at liberty to either play using Canadian or US dollars, of which players incur no conversion fees. Sounds interesting, right?
The other reason why Canada has seen a tremendous increase in the number of online casino gaming is the various payment options for wins. If you’re a Canadian, you can deposit or withdraw money from gambling using PayPal, MasterCard, Visa cards, Entropay, and Neteller.
Canada is a hub for online gaming because players don’t need to convert currencies to play. Yes, casinos accept either Canadian or US dollars. Thus, players are at liberty to either play using Canadian or US dollars, of which players incur no conversion fees. Sounds interesting, right?