Gambling has always been a big part of the entertainment industry in Canada. The Canadian gaming industry has expanded over the years and there are many online casinos that Canadians can access. These online casinos have interesting features, new games and offer various banking methods, including e-transfer. Read on to know more about the evolution of the gambling industry.
History of Online Gambling in Canada
Canada has a long history of gambling. The legalization of brick-and-mortar casinos and the use of technology in the mid and late 20th century led to the rapid growth of Canadian casinos.
Gambling in the Late 1960s
The Canadian Criminal Code, created sometime in the 19th century, declared all forms of gambling as illegal. In 1969, the Code was adjusted to make lottery and gambling legal in the country. This allowed the industry to grow quickly and brick-and-mortar casinos began to flourish in various parts of Canada.
Online Casinos in 1990s
In the 1990s, people were starting to use computers more often and Internet technology was evolving to become more mainstream. This led to the start of online gaming and casinos slowly made it to the online platforms.
While the then technology allowed certain games to be played at online casinos, it was nowhere near what technology is now. What is today known to be live dealer games were then only possible in land based casinos, while some table games like roulette, poker, Baccarat and blackjack could be played online.
Online Gambling Business Nowadays
When online casinos appeared for the first time, there was no regulation of these casinos. Today, Canadian authorities have managed to regulate domestic and offshore online casinos to make the gaming experience more interesting for gamblers.
Regulation of Online Casinos
The current regulation of online gambling states that Canadians can gamble at any online casino that is an offshore, licensed site. However, this means that domestic casinos that are looking to launch online platforms will have to move beyond the borders to do so. But, the regulation actually proves to be beneficial for the gamblers as offshore online casinos offer various real money games and interactive interfaces.
Recent Growth in Online Casinos
Over the past few years, the online gambling industry has seen rapid growth. Transaction methods have proven to be a huge factor in bringing in new customers and many casinos are offering payment methods that process faster. These include Interac casinos in Canada that need very little time to accept and process payments. Such fast and convenient payment methods help these casinos to expand their customer base and reach out to people across the country. Some of the best online platforms in Canada also provide other methods of payment, apart from Interac like:
A quick and efficient payment method for deposits and withdrawals, along with improved gaming technology for both desktop and mobile devices is bound to bring in customers who are looking to try new casino games. This has boosted the Canadian gaming market. According to gambling statistics Canada has about 20 billion people participating in online casino games. In 2020, the industry generated a revenue of $2.65 billion, and more than $1.2 billion came from the online casinos.
Legality of Online Gambling in Canada
Is online gambling legal in Canada? This is a common question but the answer is not that simple. The Canadian authorities do not issue licenses to online casinos but allow Canadians to access online casinos in Malta, Curacao and other places. Apart from this, there are offshore online casino servers located in the Kahnawake region, which falls within Canadian territory. Now this can prove to be confusing as these casinos are licensed even though they are within the borders.
Online gambling is legal in the Mohawk Territory of Kahnawake. Here, gambling is regulated by the Kahnawake Gaming Commission that was established in 1996.
If you wish to play online casinos, you can search for offshore sites that have been reviewed favourably. Look for reviews by experts and opt for safe online gambling platforms.
Proposal to Legalize the Online Gambling Market
The gaming industry in Canada could benefit greatly from the online gambling industry as many people prefer the convenience of playing casino games whenever and wherever they want. In November 2020, Ontario proposed a budget that includes plans to legalize online gambling. This would be a subsidiary of the Alcohol and Gaming Commission of Ontario, which would be responsible for regulation of the online casinos. If this happens, the best domestic casinos in Canada would get a chance to go online and attract more players.
The popularity and evolution of online casinos in Canada can be credited to the development of interactive games and convenient payment methods like Interac. NetEnt, Microgaming, Playtech and other developers have created exciting games, most of which are supported by iOS, Android and Windows devices. This has led to the growth of the Canadian online gaming market which is bound to continue.