How have online casinos impacted the Canadian casino industry?

Canadian casino industry

Online gambling has become a huge industry that at times overshadows even land-based casinos that have been extremely popular among the gamblers around the world for centuries. In the Canadian casino industry, all kinds of gambling are now legal, with a couple of exceptions, we are going to mention later, online gambling is becoming a real trend as more and more people start to play online rather than go to an actual land-based casino.

Canadian casino industry

But why is this happening? Why do people turn to online games and quit regular casinos? Well, there are several reasons as to why such trend occurred. Today, we are going to take a look at the development of online gambling in Canada and several other countries to find out how exactly did online gambling industry impact the land-based gambling houses and what it might mean for the industry as a whole.

Variety of payment methods

In a regular casino, you would only pay with cash, and we all know that people these days do not carry too much cash around. All the online gambling websites offer a variety of payment methods you can use to pay for the fun. You can use e-wallets like Skrill, Neteller, and many others to make deposits and play games. Playing on any such website is much more convenient than rolling into an actual place with stashes of paper in your pockets, so you should totally check the reviews on Skrill casino before you start playing. This might also be considered just a matter of convenience, but you cannot deny the fact that paying with your card or e-wallet is much more comfortable. This feature produces a huge impact on the gambling business and changes the way people perceive playing online.

The pandemic

Yes, that is the most obvious and the most reasonable explanation as to why people shift to playing from home. Right now, most public places are still being restricted for people to enter, and casinos are known for being some of the most crowded places. Of course, as the quarantine is being lifted in some countries, people once again can go to their favourite places, but it is still risky going out. If you can’t imagine your life without the slot machines, poker, blackjack, and all the other fun games, you should totally try all of those things online. It is a real life-saver in times of pandemic. Being stuck at home is stressful, so you may want to play some games to steam off a bit and have a good time gaming. But is that entirely legal?

Legal background

As we mentioned already, all times of gambling are legal in Canada, except for online gaming. This is weird because you cannot legally run an online casino in this country, but the citizens can easily access foreign online casinos, and that would be totally legal to do so. According to Canada’s Gambling Commission, there are no legally registered gambling websites that provide services of such kind to the users in Canada.

Canadian casino industry

This, however, does not include the websites that are registered and legalized in other countries where such activities are legal. So, if the casino is registered in Malta and is legalized by the Maltese government, it is totally legal for this website to function on the territory of Canada. You can play Canadian money in any online casino too, but you should also check the reviews for such websites to choose the best casino in Canada prior to rolling in. Canadian citizens, if they want to play on such websites, would face no liabilities whatsoever, so it is totally safe to play on such websites and have a good time.

Convenience

Apart from the pandemic, the gambling industry has been undergoing a noticeable shift towards online entertainment due to the fact that it is simply more convenient for most people to play at home.

If you play at home, you do not need to waste tons of time getting dressed, going outside, driving to the casino, and spending tons of time there. More so, casinos are still not that common in most provinces of Canada as well as in most states across the United States. Most people just do not have any decent gambling spot nearby, which is why they would better go to a decent website that offers similar kinds of entertainment, including slots and table games.

Access to numerous additional features

Canadian casino industry

Apart from playing classic games like slots, poker, blackjack, roulette, and all that stuff, you can also participate in a variety of other activities online. According to the current gambling regulation in Canada, you can make bets on sports events legally via licensed betting services. Most betters, nowadays, are much likely to make bets online as it is much more convenient. Sports betting has been extremely popular in Canada for many years, and with the development of the Internet and online betting services, it has gained even more popularity. Apart from betting, you can also participate in the video lottery using your smartphone or computer. This feature made lotteries even more popular than they were before.

Are brick and mortar casinos going out of Business?

No, they are not. Land-based casinos are here to stay because they give you the experience no gambling website can truly mimic. Though online gambling is surely gaining in popularity, the real casinos are irreplaceable, and people are going to visit those places regardless of how convenient their web-based counterparts are. It is a matter of atmosphere and the overall experience of playing in the actual place with real people, so the popularity of the online gaming would not be a real threat to the classic mode of gambling.

Wrap Up

Considering the fact that online casinos are not legalized in Canada, we lack factual data on the shifts within the industry. However, we can make an educated guess about what is really going on there. As of now, online casinos occupy around 30% of the total marker worldwide. They grow in popularity and it is possible to predict that their share in the industry is going to be even bigger over time. We will surely see an even larger growth in their popularity in the next couple of years and beyond.

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