Why the Canadian Online Casino Industry is Booming

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by , 2 December 2020 at 1:04 am (263 Views)
Online casino popularity in Canada has increased rapidly in the past few years. Surprisingly, the federal government has been quiet about regulating the growing industry all along, leaving provinces to compete with offshore casinos for the local market.

So, what’s driving the growth for casino businesses? For starters, nearly all provinces allow some form of online gambling. Then there’s the lack of clear gaming laws and the explosion of mobile device use. Continue reading to learn more about these factors.

Offshore Casinos in Canada

Online casinos around the world are increasingly accepting bets from Canadians. The reason is simple—Canada has no laws about online casinos. As a result, there’s no crime committed when a Canuck plays slots or poker at a website based in Malta or London.

For clarity, offshore casinos aren’t answerable to the government for providing their services to Canadians as well. That’s because there’s no law that says serving Canucks is illegal. And even if it existed, Canada has now powers to charge businesses located overseas.

That said, offshore casinos aren’t allowed to open their offices in Canada. Some foreign operators store their servers on properties owned by the Kahnawake Gaming Commission. The KGC also licenses new businesses, but they must operate offshore or comply with province-based regulations.

Testimonials from Winners

Testimonials are some of the most effective tools for providing credibility about a business. And they have been pretty powerful in proving to Canadians that online casinos can be safe, fun and profitable.

The most famous testimonial comes from a mobile player who won $7.5 million playing the Mega Moolah slot in 2015. The following year, another Canuck called Marcus Goodwin hit $11.6 million also playing Mega Moolah.

Over the years, more Canadians have shared their testimonials with foreign online casinos. In turn, they’ve motivated thousands of Canucks to try their luck with casino games as well. To expound more, the fact that casino games are cheap is a major reason why they’re getting popular.

Generally speaking, it costs $0.10 to $5 to play many casino games. Slots, video poker, roulette and scratch cards are the cheapest. On the flip side, card games cost $5 to $100 per game, but could be more expensive if you join high rollers.

Bonuses and Promotions

Bonuses are the equivalent of shopping discounts. They help players play slots and table games for less money than they should. For many Canadians, bonuses are also an important reason to choose one company over another.

Online casinos in Canada have many types of bonuses. The most popular one is the welcome package—one or several incentives new players receive. You could get twenty free spins immediately you create a free account.

And then you’re awarded a bigger bonus after your first deposit. Depending on the casino, you could also get additional bonuses on your second, third and fourth deposits.

To promote loyalty, casinos have promotions like VIP programs; reload bonuses, quests, tournaments and birthday presents. Many of these rewards come with strict policies that must be followed. But people still claim them to increase their chances of winning.

Casinos on Mobile Devices

As we mentioned earlier, one of the biggest casinos wins in Canada came from an android player. It is not surprising considering that half of the country admits to playing games on their mobile devices.

While many mobile games run through native apps, online casinos are taking a different approach. They provide their slots and card games through mobile websites. The explanation is that mobile websites help save space—native apps consume a lot of space.

Additionally, mobile websites help operators save money by providing one site for both android and iOS players. All the same, mobile casinos are a welcome invention to Canadian players and the world at large.

Not only are they portable. But they are also convenient. Think about it. Playing slots while on the bus is easier through an iPhone than a Mac Book. On the flip side, it makes more sense to carry your smartphone for gaming while abroad than a laptop.

Increased Regulation and Safety

For many Canadians, stories of people winning millions of dollars aren’t the only reason they have become players. It’s the fact that betting websites have become safer and is well-regulated.

The days when you had to risk your money at an unlicensed casino are gone. Instead, there are numerous ways to verify an operator is safe before you deposit your money. A valid license is one of them.

Next, you can check security marks like a padlock sign at a website’s address bar. Another mark of casino safety is a public audit from eCOGRA, iTechLabs or GLI. Audits show that a website provides fair games and pays out to winners without fail.

Zero Taxes for Players

Another reason why Canadians are turning to casino games is that they’re untaxed. You could win $1000 or $10 million. And the entire sum of cash won’t be taxed. In case you’re wondering, the lack of taxation is related to the county’s lack of online gambling laws.

In the US, more and more states are regulating online casinos. And they all demand taxes for profits made at land-based and betting websites. In the UK, gamblers aren’t taxed, though. So, even if Canada regulates iGaming in the future, it could retain its zero taxation law.

Large Variety of Games

Nearly all casino games are available to players in Canada, from slots and bingo to poker and roulette. To spice up things, the games come in many types, increasing everyone’s chance of finding a game they can like.

Slots are the most popular games at many casinos. They are available through video slots like Starburst and jackpots like Mega Moolah. On the flip side, table games like roulette and poker can be played against computers (RNG) or with real people (live casinos).

Variety aside, today’s online casino games also look good in design. They payout at better rates and compete with video games in technological adaptation.