The Rise of the Canadian Online Gambling Industry in Numbers
Last year, the federal government gave provinces the nod to legalize single-sport betting. Mobile sports betting is a $14 billion industry. More than $1 billion is spent on offshore online casinos every year.
The world's first online casino was launched in Antigua and Barbuda in 1994. Microgaming was the first supplier of online casinos. Canada legalized gambling in 1985.
Kahnawake Gaming Commission was established in 1996. It licenses dozens of gambling sites and hosts servers for foreign casinos. The commission has an agreement with the state of New Jersey that ensures it does not license operators that accept players from the US.
British Columbia legalized online gambling in 2004. Since then, Quebec, Manitoba, Ontario, Alberta and the Maritime Provinces have legalized one or more forms of online gaming.
According to statistics, more than 10% of Canadians participate in one form of online gambling or the other. Most Canadians choose to gamble at offshore casino sites. Offshore casinos are a major reason for the surge of the online gaming industry in Canada. Live dealer software and safe banking are other reasons for iGaming's growth in the country. The rise of live dealer games and the use of major payment methods is also a reason why iGambling is booming in this country, especially in recent years. It's not unusual to find casinos with 90% slots and 10%.