Canadians are one of the highest bidders in the field of online casinos. With over 20 million active bettors, the industry is worth over $12 billion and still growing. It is expected to cross over $50 billion in the upcoming decades.
In 2021, the C-218 bill passed by the Canadian government has elevated online gambling to help private players to join this industry. With the relaxation of rules regarding online casinos, now you can explore a list of new casinos sites and have a headache free experience.
What Made This Legitimacy in Canada Possible?
The Canadian online casino market falls under provincial authorities, not federal laws. Individual provinces have provisions to ban or restrict different online activities. In 2021, the Canadian federal government passed the new C-218 bill regulating online sports betting. This bill revised section 207(4)(b) of the Criminal Code, which disallows betting on athletic contests, single sports events and horse racing. With the amendments, only horse racing falls under the prohibition. That means, with the license from the province’s lieutenant governor, any entity can offer their users online casinos and betting on single sports events. This new amendment has significantly made its move to popularize online gaming culture in Canada.
One of the visible developments in the online casinos industry is that software developers are pushing their limits to replicate the real-life casino experience as closely as possible. Nowadays, devices with 4k resolutions are used to bet online; to match the quality, developers are striving. Also, the popularity of the Megaways mechanism is climbing up gradually. Using the advanced tools at hand, classics including The Dog House, Fishin’ Frenzy, and Gonzo’s Quest are being revamped.
Impact of AI
Artificial intelligence is used in online games through IoT (Internet of Things) and IoB (Internet of Things based games). The chatbots attaining the users’ requirements have a significant impact on the experiences of the interface. IoT gathers all data from any device in any format. For the system’s functioning, no direct exchange between end-users and computers is required, and the information collected by IoT is used to serve the users on an individual basis.
Acceptance of Cryptocurrency
The usage of Bitcoins and other cryptocurrencies in the online casino industry has shot up by leaps and bounds due to its security and anonymity while playing. Many casinos are accepting Bitcoins against payments, and this trend is expected to surge in upcoming years. However, due to a lack of regulations, it is easy for scammers to launder their money.
Mobile Gaming with Smooth Interface
Online casinos are releasing mobile-friendly versions of the application for players to reach out to every class of people. Mobile casinos are offered in the form of lottery games, sports betting and online casinos. Prediction says it will be one of the most popular forms of casino games in the following years.
eSports Games and Betting
Another trend in the online casino industry is the incremental market share of eSports betting on games such as CSGO on . Professional gamers are competing for huge prize money worldwide. Many casinos allow players to bet on the outcome of these popular video games. Also, players can bet on a prop that may or may not occur during the duration of the gameplay. These bets are placed on major leagues and tournaments such as the International League of Legends World Championship.
Introduction of Skill-Based Games
Some of the casinos started offering skill-based games over the fortune-based ones. Here, the player’s action speaks for its results. The house edge (the advantage of the casinos having over the players) is low and the player’s skill is the key to win. Poker is an ideal example where bettors compete with each other and the better gamer wins. This game form is still relatively new, but with the advancement of the technology, skill-based games can replace the traditional games.
Social Games Are Dominating
Social games are any gameplay that occurs between individual players in some particular social settings such as house parties or dinner tables, etc. These are played via social media platforms. It’s gaining its deserved popularity quite significantly.
Upgraded Security Features
Online casinos may be susceptible to hacking. But Canadian casinos have taken extra measures to tackle it. They are using AI and machine learning leveraging KYC verification and 2FA security features. SSL encryption is one of the largely used securities on the casino platforms.
What Does the Nearby Future Look Like?
While other industries are struggling to gain their pace after the worldwide recession, the online casino industry, especially in Canada, is evolving rapidly. As the competition between the online casinos grows, they are offering cutting-edge technologies and better experiences on their platforms. With those, Canada is turning out to be a paradise for online players.