The increasing popularity of online casinos is a reality all over the world. Online casinos offer players the opportunity to play from the comfort of their homes, which is a huge plus.
These platforms allow players to play a wide range of casino games from any device and even on the go. The convenience offered by online casinos has drawn many people towards exploring the world of casino games.
According to a study by Analytics Insight, there are 19.3 million active online casino players in Canada. According to the same study, Canadians spend a staggering $4 billion on online casinos every year.
That comes as little surprise, considering Canada ranks eighth among the countries that spend the highest on online casinos. The industry has significantly evolved over the years to become the highly lucrative venture that it is today.
Quick History of Casinos in Canada
The first online casino platforms were introduced in Canada in the mid-1990s, and they began with simple games. Today, with advanced technology, the sky’s the limit when it comes to what online casinos have to offer.
Perhaps the most significant factor contributing to the growth of the gambling industry in Canada has been the gambling laws in the country. It’s interesting to note that even until 1969, casinos were illegal in the country.
However, as the laws of the land turned in favor of casinos, there was no looking back for this industry. There has been staggering growth over the last few decades, and with the advent of the Internet, it’s a different story altogether.
Poker, baccarat, roulette, and blackjack were the very first casino games available for players in traditional casinos. Also, with only a few traditional casinos in the initial days, it was accessible to only a few people.
However, today it’s a different scenario altogether, and it’s the best time in history for casino gaming enthusiasts. With innumerable online casino platforms and a wide variety of games to choose from in Canada, it just couldn’t get better!
More on online casinos in Ontario can be learned here.
Today, more than 50 percent of casino gaming enthusiasts play their favorite casino games online through their mobile devices. Also, the new laws introduced recently for online casinos have contributed significantly towards a highly regulated market in the country.
Factors Contributing to the Growth of Online Casinos
Here are some of the big factors behind the flourishing online casino market in Canada today.
1] Amazing Options on Offer
Online casinos have opened the floodgates to innumerable options, both in terms of casino platforms as well as the variety of games. There are table games, slots, poker, live casinos, bingo, Slingo, and so much more.
With most of these games available in various themes, players can choose the games that they enjoy playing and can relate to.
2] Attractive Bonuses
The rise of online casinos has resulted in stiff competition. Every casino platform is making efforts to bring in more players to join them.
As a result, the players get the opportunity to treat themselves to attractive bonuses and promotions. Free spins, welcome bonuses, zero deposit bonuses, etc. are just a few of them.
Taking advantage of these bonuses and promotions can help you play with little or no investment and get a chance to win.
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3] Highly Secure Transactions
Casinos involve countless financial transactions and so security is a huge concern. Thankfully, trusted online casinos have advanced technology to ensure complete security.
Also, there are a host of different highly secure payment methods that patrons can choose to pay with. Credit cards, debit cards, bank transfers, e-wallets, and cryptocurrency, are some of them.
4] Highly Regulated Market
As we have discussed earlier, the highly regulated online casino market in Canada is a huge factor in its growth. Every casino platform must obtain a valid license for operation.
Also, the eCOGRA certification is yet another stamp of approval that the casino has passed strict testing norms and promotes fair gameplay.
What the Future Holds
With rapid advancements in technology, the online casino industry is set to grow in leaps and bounds. Immersive technology like Virtual Reality (VR) and Augmented Reality (AR) are set to redefine casino games like never before.
Also, more innovative gaming experiences are in the pipeline, which is reason enough for casino gaming enthusiasts to celebrate! So, the future of online casinos in the country and the world, in general, is indeed bright.
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The online casino industry in Canada is booming due to various factors. This is good news for the economy, as it has generated new job opportunities over the years.
Also, more and more players are likely to join online casinos to enjoy the experience of winning big from the comfort of their homes.