Trends in the Online Casino Industry in Canada

When it comes to the online gambling industry, Canada has taken an open approach. This is conducive to the developed economy, inclusiveness, and high life quality that the country has. The legislative outlook is yet to be uniform and varies as per the different provinces which have their own challenges and legislations. Its nearby neighbor, US, remains an example for having embraced the full potential of the casino industry for providing revenue as well as supporting the growth of the economy.

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Growth of Online Casinos

As per the research done on this industry, there has been a shift to online gambling from land-based casinos. The betting establishments of brick and mortar have been witnessing decreasing revenues while the websites have grown in popularity. The main brands that have their offline and online presence here include names like Great Canadian Gaming Corporation, MGM Resorts International, Ontario Lottery & Gaming Corporation, Caesars Entertainment Corporation, and Gamehost.

These are incorporated companies in this region. Among websites that have started here since 2012, one could look at reviews on online casino Canada which includes names like 888, LeoVegas, JackpotVillage, Casoola, Go Wild, and many others. Indeed, many are online casino brands not only in Canada but have country-specific domains for several other nations.

Review of Top Brands

As per H2GC research reports, this industry has generated revenue averaging around C$15 billion and annual growth rate is about 0.4% between the years 2013 and 2018. The direct gambling venues employ about 40,967 in different roles and across more than 700 businesses. There is online review website LeafletCasino which is a licensed, regulated portal, complete with exciting bonus offers and reviews on most popular Canadian online casinos. This website can provide help to beginners to find safe, legitimate place to gamble with their real money.

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There are certain standards that ensure that an online Canada site is legitimate:

  • A reliable body that licenses and regulates online gambling in this nation is the Kahnawake Gaming Commission.
  • Sites that are operational for some time have customer and expert reviews that people can bank upon.
  • Reasonable wagering terms for the promotions and bonuses ensure that players are encouraged to make deposits and gamble at sites.

The above points are covered by reputed domains like Jackpot City, Royal Vegas, SpinCasino, Lucky Nugget, and others. These are sites licensed under Kahnawake and other regulatory bodies and have a reliable presence among online gamblers in Canada.

Jackpot City casino took top rank in recent years, having over 600 casino games on offer and having a win rate of 97.98%. Here the total payout for jackpots like Mega Moolah has been $5 million. With live dealer games and several secure payment options, it stands out as one of the most preferred sites to register for gambling. Spin casino follows close, having a payout percentage of 97.46%, over 700 in games variety, and a wide range of payment options. The high rated sites mentioned here have speedy payout timelines as well, within 1 to 2 days maximum which makes them popular among many casino goers.

Sites like 888, LeoVegas have known the world over and have country-specific domains as well. That makes them much sought after and reliable sites for players. Those who log into the Canada domains will find specific bonus offers, promotions in their local currencies. Also, these international sites of repute have several advantages to offer. For instance, 888 is known for separate poker, casino and sports betting domains LeoVegas is the world-renowned mobile operator, ideal for gaming on the go.

Industry Trends

Since 2012 when the industry rose in this region, growth has been moderate across the different sections such as lotteries, sportsbooks, traditional and online gambling addresses. There has been a slow down, which is part of the global economic phenomenon. To counter the slowdown, casinos offer fun-filled entertainment options as well. Indeed, most of the online services have been able to draw people away from brick and mortar outlets.

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In terms of regions, there are clusters where such activities are characterized and specific. For instance, in terms of gross revenue, Quebec stands at 20.3%, Ontario at 28% while British Columbia is at 24.6%. British Columbia accounts for 13% of GGR in the country. Strongest years for gambling in Canada had been 2017 when Ontario generated about 43% of the country’s gambling revenue and registered a year on year growth of 12%.

If we look at tech trends in this market, most popular sites offer mobile compatibility. Many have dedicated Android and iOS apps while others have cross-platform compatibility that makes their websites run smoothly on mobile browsers as well. Hence, players can log into their accounts with ease at their favorite sites on their tablets and smartphones. The software of most brands are designed with HTML5 technology. This ensures that players can access the games on the go and stream them smoothly on their mobile devices or desktops without additional download.

Revenue Generation

The region of Quebec generated about C$3.6 billion in the year 2018 while British Columbia generated about C$3.14 billion, being third in line. Canadian Gaming Association had a gross output of about C$31 billion for the industry as a whole. The country saw online betting become legal in the year 1995 and this is about a 300% increase in the gross gambling output since then. In terms of the source of revenue generation, it has a top position in entertainment. There are several government functions and charitable initiatives that gain support from gambling revenues.

Stable Environment

The regulation authorities here emphasize on security, safety, and licensing norms. The sector remains committed to gaming practices that are socially responsible and underage gambling is guarded against in the online casino industry. Canadian gamblers find themselves in a well-regulated environment and framework where government earmarks annual budgets to promote measures of prevention, research, and problem awareness amongst gamblers.