Apr 20, 2011 If there was an iota of honesty in our appraisal of state-sanctioned and facilitated online gambling, the conclusion would be this: There are few public policies that are more short-sighted. Betting and real money gaming are popular activities in Canada. Like some other parts of the world, gambling laws can be fairly complicated. Several forms of government approved offline gambling are perfectly legal, along with a few forms of online gambling.
Canada is an industry leader in the online gaming industry. At least 18.6 million Canadians are actively gambling and this contributes to the country being ranked number 8 in online gaming. In fact, Alberta, Ontario, British Columbia, and Saskatchewan decided to tap into this popular gambling industry by launching their very own gambling sites.
And it makes sense to take this route because Canadians spend at least $4 billion in offshore casinos. And if you thought that figure is staggering, well, that’s a drop in the bucket compared to the over $16 billion Canadians spend in Casinos back home. The gambling industry, therefore, rakes in tens of billions of dollars every year.
Gambling demographics
Even thoughfemales gamble a lot, the majority of the gamblers are male, constituting of80% of all gamblers in Canada. Most of the gamblers are young adults who areeither in college or just starting out in their careers. One of the reasons why gambling is soprevalent in Canada is the fact that almost all casinos allow for onlinegambling. Gambling online is cheaper than going to a physical casino and it issuper convenient too. But there is aninteresting demographic about gambling in Canada – even though the males arethe bigger chunk of the gamblers, women use their phones more than their malecounterparts in gambling. Canada is, in fact, the only country on the globewhere female gamblers using their phones for online gambling outnumber the malemobile-based online gamblers. 40% of all female gamblers do it on their mobilephones.
What are the gambling games being played in Canada?
Just what are someof these gambling activities do Canadians immerse themselves in? Well, as youmight have guessed, an online sports betting clinches the first position.Canadian men don’t mind blowing their bank accounts on sports betting as wellas table games. Luck games such as bingo are women’s favorites in the country.Other games include slot games (played by 72% of Canadian online gamblers),table games, poker (played by 59% of online gamers), and online casinos (onlinecasinos have 13% higher rewards than physical casinos.
An overview of Canadian online casinos
A while ago, brickand mortar casinos were the real deal in Canada. Not anymore. With over 2000gambling casino websites in the country, registering over 96% in wins, you betCanadians have shifted their focus away from these land-based casinos (whichonly return less than 60% wins).
If you ask any Canadianwinner what time is the best for making money in gambling, they would tell you4pm-6pm is good. The biggest jackpot was won on the progressive slot, MegaMoolah. The jackpot was a whopping $7.5 million. The prospects of such gainsare really tempting – and especially since the government doesn’t tax gamblingreturns. However, if you treat gambling as a fulltime profession and registerconsistent wins; the tax man will come knocking.
ConclusionOnline Gambling Legal
It goes withoutsaying that problem gambling is huge in Canada. It comes with the territory. Asit is, 3% of adults in the country suffer the effects of problem gambling.Compared to brick and mortar gamblers, online gamblers suffer from thisphenomenon four times over. Thankfully, there’s plenty of support from manyentities in Canada for those who need help dealing with problem gambling.
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