How Popular is Online Betting in Canada?
Online gambling has been growing in popularity in Canada. The fairly recent change to gambling restrictions in the country has brought about a wave of online players as operators both within Canada and abroad can now cater to Canadian residents.
The following article will dive deeper into the popularity of gambling in Canada since laws were relaxed.
Gambling in Canada – An Overview
Canada has recently broken into the top ten gambling revenue nations in the world. The relaxed laws in the country have helped promote more players to take part. It is estimated that Canada makes a revenue of over $30bn a year and is set to increase thanks to the rise in online casino options.
Canadians have been turning to online casinos over brick-and-mortar gambling venues thanks to the increased convenience. Operators such as powerplay Canada have improved their technology and platforms are quickly developing to rivals the best out there.
How Many People Gamble in Canada
Unlike the majority of jurisdictions around the world, Canada is one of the few in which female gamblers outnumber men in mobile gambling. However, across all online gambling platforms, this is still heavily weighted towards males with approximately 80% of the gambling population in Canada being made up of them. In terms of age, young adults are the most common demographic to partake in online gambling.
Stats show that online table games and slots are the preferred gambling options for men whilst games of luck such as bingo are preferred by women. Roulette is one of the most popular online casino games in the nation and sports betting is almost equally prevalent.
The most popular times to play online casino games are between 4 and 6 in the afternoon. Winnings from online casino games are tax-free and progressive jackpots can deliver life-changing winnings.
Online Casino Safety in Canada
In general, playing at online casino platforms is safe as long as you make sure the operator is fully licensed. Make sure that the online platform is trustworthy and reliable by reading up on user reviews.
Fully regulated websites will have encryption that keeps your personal data safe. This means you can play with peace of mind that your personal information is safe. Checking up on user review websites is a good way to double-check that an online casino is safe and secure if you have any doubts.
Payment Methods and Sign-Up Bonuses
Another thing worth checking is that your prospective online platform has the payment methods you’d like to use. Many operators are now offering cryptocurrency payment options which come with several perks over more traditional options. Crypto deposits and withdrawals often come without the same restrictive limits meaning you can access more playing funds and withdraw them faster.
As long as all of those criteria are sorted, picking an operator will largely come down to personal preference. Sign-up offers will vary from platform to platform and are an excellent way to get off to a strong start when betting online. Look out for cashback, matched deposits, and free spin bonuses as well as VIP members perks. Of course, you are free to sign up with multiple platforms but make sure to read the terms and conditions in order to get the most out of these offers.
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