Figures and statistics on the development of the Canadian iGaming industry

The numbers behind the growth of online gambling in Canada

In recent years, gambling has become increasingly popular both in Canada and around the world. According to some reports, about half of the annual revenue of Canadian online casinos comes from mobile devices. The video gambling market in Canada grew at a rate of 9.17% to reach $1.5 billion, and the figure will climb to $2.13 billion by 2026. This rapid growth shows how fast this industry is growing due to the convenience and accessibility for players across the globe.

Growth Factors

Indeed, a number of factors can help highlight and explain why the industry has achieved such success, with each playing a role in helping propel it forward even further.

Technology

Technology has been advancing by leaps and bounds over the years, and this is one of the most important criteria driving the growth of the Canadian iGaming industry. With faster internet speeds and more advanced technology, players can now enjoy a high-quality gaming experience without any problems.

One such example is the use of virtual reality. This technology allows players to fully immerse themselves in the game as if they were actually in it. With this level of realism and immersion, it is no wonder that more and more people are choosing to try their luck at online gambling.

In addition, the use of smartphones and the proliferation of mobile apps have made it easier for players to enjoy the game on the go. This is what has contributed to the improvement of this industry, as it is now much more convenient for people to access online gambling.

Legalization

In Canada, there have been a number of changes regarding the regulation of online gambling, making it possible for players to legally access sites and take part in games without any problems. This has helped to further develop the industry and get more people involved, which is one of the main reasons for the rapid growth of the market. Recently, Ontario has seen a change in the gambling market with the introduction of new regulations in the most populous region of the White North, creating a favorable environment for this type of activity.

Range of choices

The iGaming industry is characterized by high adaptability and competitiveness. That is why new games appear every month. Major development companies are constantly trying to bring more variety to the games, sometimes even taking inspiration from movies. Some of the most popular ones include Star Wars by IGT, Alien by Netent, and Jumanji also by Netent. The proliferation of these games is expected to continue as more countries and regions legalize gaming.

Convenience

One of the attractions of iGaming is that it allows players to take part in games from the comfort of their homes without visiting a casino. This convenience has been key to the growth of this industry.

Bonuses and promotions

Many sites also offer welcome bonuses and promotions to help attract players to the industry. They can range from free spins on slot machines to no deposit bonuses, as well as a number of other offers that further motivate people to participate in gambling.

Statistics

Experts estimate that the best online casinos in Canada will continue to grow as they attract more and more players with their selection of games, promotions, bonuses, reward programs, etc. Apart from video games, other types of gambling, such as sports betting, are also very popular.

Future of online gambling in Canada

The growth of the Canadian iGaming industry is expected to continue for many years to come as it will benefit from further advances in technology as well as the liberalization and legalization of these activities. New laws that will make these activities more accessible and attractive cannot be ruled out. As the industry evolves, the gaming experience, reward programs, bonuses, and promotions are also expected to increase. This will ultimately lead to an even bigger and better online gambling market.