How do Canadians like to gamble?

In comparison with recent years, Canadians are now choosing more than ever to embrace the perks of online gambling. With the online gambling industry expected to reach heights of $500 billion by 2023, Canada is one of the key players which is engaging with the online platforms.

So what exactly is the culture of online gambling in Canadian? And which are the main sites and games they’re using? In this article, we will explain the rise in popularity of online gambling in Canada and what we can expect in the coming years.

A snapshot of Canada’s online gambling scene

Since the gambling laws were relaxed in Canada in 1985 when ten provinces were allowed to hold their lotteries, gambling outlets have slowly built across the country and in online spaces. Canadian players can find new awesome mobile casinos via trustworthy iGaming site, where they can take advantage of various games, slots, and tournaments.

But while there’s still a bit of a grey area when it comes to online casinos and gambling in Canada itself, the government hasn’t yet imposed any sanctions or introduced any laws to forbid it.

There are also no laws that force people to pay taxes on any of their casino winnings. This means that players can keep all of their cash and not worry about filling out any tax forms. The only people that have to do so are professional gamblers or those that consider gambling a full-time job.

Canada also has a range of online payment methods such as PayPal, Visa, cryptocurrencies, and more, so that players can choose different payment services to withdraw and deposit money.

Canadian gamblers and their habits

According to research, 6 in every 10 Canadians partake in gambling every month in some form. The average spend for Canadians each month on gambling is approximately $6.75.

It’s still a male-dominated industry, with up to 80% of players being male and just 20% of online gambling players being female.

The most popular playing hours are between 4 PM and 6 PM as people tend to log on when they’ve finished work to relax and unwind. Typical favorites include roulette, blackjack, and Texas Hold’em poker.

Canadians aren’t deprived of big wins, either. Some online casino wins have resulted in massive $7.5 million dollar payouts! In fact, recently a man won $70 million dollars in a Western Canadian lottery on April Fools Day 2022. One of the unluckiest days of the year for some, but clearly not for him this year!

What’s on the horizon for Canadian gamblers?

With the online casino market expected to continue to grow at an unprecedented rate, this will be beneficial for Canadian gamblers and the country’s online gambling platforms.

Smartphone accessibility and on-the-go platform technology will mean more seamless integration into the cultural consciousness and give Canadians the opportunity to socialize, gamble, and have fun all on online platforms. Meanwhile, impressive advances in technology mean that new innovations like virtual reality (VR) and augmented reality (AR) are likely to become mainstays in the Canadian online gambling world before too long.

Watch this space!

Leave a Reply