Before real money online casinos took over the gambling industry, Canadian gamblers often relied on the brick and mortar casinos. Nowadays, there are over 2,100 online casinos available on the internet with the return of investment for these casinos being 97% of your winnings. The government will only impose taxes on your winnings only if you turn gambling into a career and win consistently. This is one of the reasons why Canadian online casino revenue continues increasing.
Over 19.3 million active online gamblers in Canada set the country as the eighth-ranked country with the most money spent on online gambling. The Canadian Gaming Industry Report announced that Canadian players spend over $4 billion on offshore online gambling sites every year. The country made $2.64 billion in revenue in the gambling industry, with $1.2 billion generated from online gambling.
How Online Casinos Gained Popularity Over Land-Based Casinos
The world was afflicted by the Covid-19 pandemic resulting in the shutdown of many operations across the world. This included the temporary shutdown of land-based casinos to control the spread of the pandemic. Due to this, gamblers had no other choice but to turn to online casinos and explore their world of features and bonuses.
The growth of the online casino industry in Canada is owed to several factors like extensive digital marketing, mobile gaming, comfort and a variety of games. Below are the few reasons stated:
Bonuses And Promotions
Bonuses and promotions have certainly played a pivotal role in the rise of online casinos not only in Canada but also across the world. Bonuses and promotions are the unique marketing strategy online casinos are adapting to lure in customers across the globe and well as making sure those customers stay loyal. The introductory incentives are always generous and attractive in every online casino, it is an unspoken rule for all. New players will be welcomed with amazing offers like first deposit bonuses that will come attached with requirements that need to be completed before players can cash out with the bonuses.
The existing customers are not an exception to bonuses and promotions, they are always offered daily special offers, reload bonuses, royalty systems, and weekly cashback. The most common bonuses are welcome bonuses, free spins, and no deposit bonuses, and they are being offered by Canadian online casinos.
Huge Library Of Games
Unlike the land-based casinos with a limited number of casino games due to the restriction that comes with physical space, online casinos have unlimited space to host a different variety of games. This is another popular reason online casinos’ popularity rose over the brick and mortar establishments. The average online casino could boast of more casino games than the luxurious land-based casinos in Canada. Sometimes, you’ll see an online casino hosting thousands of casino games in their libraries and most of these games are developed by reputable software companies.
The diversity of online casino games played a significant role in boosting gamblers’ experience in Canada. Some casino games being offered by online casinos have no physical counterparts, which means they can’t be found in all land-based casinos.
Multiple Payment Methods
The availability of a large variety of games is one thing, having the right payment method is another. Canadians have always been specific when it comes to online transactions, most online payment platforms are not accepted in Canada. However, this is not a major problem for online casinos as most reputable platforms offer multiple payment methods which will naturally include Canada’s most preferred payment method. The online casino always offers payment methods like credit cards, e-wallets, bank transfers, and even cryptocurrencies.
The availability of Interac, PayPal, Visa, PaysafeCard, and MasterCard in online casinos shot its popularity to a new peak in Canada as they are the most preferred payment methods accepted in the country.
Aside from those listed above, there’s also enhanced security, comfort, extensive advertising and many more. They all played a role in pushing the popularity of online casinos to the peak against the brick and mortar establishments in Canada.