Although the land-based gambling establishments across Canada have slowly been recovering in revenue after getting past the worst of the COVID-19 pandemic, they still won’t be able to catch up to the iGaming industry which has only been growing in strength as the years go by.
According to the online casino website CasinoScout.ca the Canadian iGaming industry’s estimated annual revenue is around $31 billion, as if this isn’t enough, the predicted figure for the coming years is even higher than that. Canada has a deep history with gambling, with the country contributing significantly to the revenue of the world gambling industry, which was predicted to break past $500 billion by 2023. The popularity of online gambling in Canada has grown immensely over the past few years, with the North American country making it to the list of top countries in the iGaming industry. This success can be attributed to the regulation and relaxed laws of gambling within its borders as well as the evolution of technology.
The success of iGaming in Canada can be attributed to many things. iGaming covers every online gambling activity from sports betting to online casino games like poker, baccarat, blackjack, and slots. In this article, we will be talking about how iGaming became popular in Canada.
Comfort & Convenience
One of the biggest advantages iGaming has over land-based gambling establishments is the comfort and convenience it offers to its clients across the world. With the advent of online casinos in Canada, people don’t have to carry cash around, pick an outfit, or book a flight to get to their physical casino just so they can play their favorite casino game. With online casinos, they can easily play casino games from any location, and they don’t have to pick an outfit before playing them. All you need is a stable internet connection to ensure a good casino experience. When land-based casinos in Canada were forced to temporarily shut down to prevent further spread of the covid-19 pandemic, the comfort and convenience of online casinos became even more pronounced and people start giving them more attention.
Availability of Many Online Platforms
Another reason iGaming rose in popularity in Canada is due to the availability of online platforms hosting thousands of online games. Canadians have access to hundreds of online casinos, with each of them having thousands of casino games in their libraries. So if an online platform doesn’t have a player’s favorite game, they can easily switch to another platform to explore its library. These online casinos offer popular games from live casinos to slot games and table games.
Mobile Technology
Back in 2017, mobile services took up 45% of the global iGaming market, which was a 20% increase from the previous year. The adoption of mobile technology in online gambling platforms made it possible for gamblers to carry out all gambling activities like sports betting and casino gaming from their mobile devices at any location as long as there’s a stable internet connection. A study showed that the development of mobile technology brought about an increase in female players in the industry.
Virtual Reality
While virtual reality gaming has been around for almost as long as the emergence of online casinos in the 90s, people only started taking note of it over the last couple of years. Today, technological advancements over the years made VR became the subject of technological trends as many industries across the globe started adopting it. iGaming platforms have also joined in on the fun, and they are using virtual reality to create a more immersive experience for their gamers.
Conclusion
iGaming in Canada will only continue to soar in popularity as Canadians have always loved gambling activities. With iGaming sites being available 24/7 and with the comfort and convenience it offers, you can predict that the iGaming industry will be pushing its limits in the next few years in Canada