Online gambling is moving at an upward trend. The industry is expected to continue in the future thanks to the developments of the technology transcend. Many countries worldwide are changing their outlook about online gambling, and more and more legislators have legalized this sector.
Notably, the Coronavirus disease 2019 (COVID-19) changed the gambling landscape in the world. Due to the restrictions on traveling to land-based casinos and other gambling venues, many people are attracted to online gambling.
Online Gambling Industry in Canada
Canada is one of the world’s leading markets for online casinos, with a total value of over $30 billion per year. Experts forecast that it would grow rapidly in the next years and could beat its land-based counterparts.
Canada has allowed several forms of land-based and internet gambling. However, the country has restricted online gambling platforms, and gamblers have to place their bets on offshore gaming platforms. They only put their bets on online casinos in the Kahnawake native reserve and the offshore firms regulated by the Malta Gambling Authority and the UK Gambling Commission.
Despite the restriction on operating the online platform, playing online casinos is not illegal in Canada. The massive number of gamblers are playing in the Kahnawake reserve offshore casinos.
Under regulations, they are not allowed inside illegal betting houses but playing in online platforms.
Increase in Canada’s Online Gambling
Online gambling operators in Canada know ways to avoid strict regulations. They located their casinos in which online gambling is legal and offered their products in the Canadian market.
Meanwhile, online gamblers are often advised to check the casino’s licenses and proceed with caution if the casino platforms are questionable. They are recommended to choose casinos licensed by the government regulators such as the United Kingdom Gambling Commission (UKGC), the Malta Gaming Authority (MGA), and the Kahnawake Gaming Commission (KGC).