5 facts to know
Online gambling is one of Canada's fastest-growing industries. Canada ranks 8th among nations that spend the most on online gambling. Several provinces have taken advantage of iGaming for its lucrativeness.
Unique Payment Solutions are a key factor when choosing an online casino. Globally, there are many payment solutions accepted at various casinos. Canada has its own payment methods, which are specific to Canada.
The majority of players in Canada are males. Most Canadian players are young adults who are still in college or at the early stages of their careers. About 55% of Canadian women who gamble use their phones.
According to research, Canadians that are most likely to engage in gambling are between 30 and 55. Younger gamblers prefer gambling options that is more active and cheaper. Older people prefer games that's more chill and comfortable. Table games like roulette and blackjack are the most popular in Canada. Poker has the lowest popularity in the country. Canadian players spend about $385 per person annually on slots games.
The law on gambling in Canada is on two levels. There is a Federal law that applies to all provinces and a Provincial law which allows each province to regulate gambling sites independently. For instance, provinces like Saskatchewan have set 18 years as the legal gambling age and Ontario only allows 19-year-olds and above to gamble.
The iGaming market cap in Canada is currently at CAD$14 billion. The number has reduced due to the coronavirus pandemic. Offshore online casinos benefit more from this market.
In Canada, the gambling market is still evolving.