Here is What You Should Know about Online Casinos in Canada
They say victory is a fleeting thing in the gambling business, however, when it comes to the online casino business in Canada, this could not be farther from the truth. The rapid digitization of the gaming industry has brought numerous economic benefits to several provinces of Canada. This is evidenced by the fact that figures reported on Casino Reports show that for the fiscal year 2017/2018, the Ontario Lottery & Gaming Authority generated a net profit of $2.49 billion. Unfortunately, in spite of the massive profits generated by this industry, it is still illegal for companies to operate online casinos from inside Canada. Online Casinos operating in Canada are only legally able to do so if they set up their servers outside of the country.
On the bright side, all Canada’s provinces are each allowed to make and interpret their gambling laws. The province of Ontario, for instance, is currently working on the privatization of online gambling. Ontario’s gambling authority, the Ontario Lottery & Gaming Corporation, is hoping to bring privately-licensed online casino operators to market in Ontario. Once they do, it is hoped that other provinces would also adopt this strategy to legalize gambling all through Canada.
Notwithstanding the setbacks, the online gaming industry in Canada has experienced rapid growth and innovation in recent years, with the existence of such online platforms as https://www.novicasino.com/ . Deposits and withdrawals can now be made in no time, players can now play games off the browser without having to first download them and payments can now be made through multiple methods including MasterCard, Visa, Interac and even cryptocurrency, making the entire gaming experience, very user-friendly.
In 2019, the Canadian Gaming Association (CGA) conducted a study on the National Economic Benefits of the Canadian Gaming Industry. Their report indicated that legalized gaming generated $17.1 billion. It also employs 182,500 full-time workers.
In Canada, Ontario realizes the highest economic benefits from online casinos, followed by British Columbia, Québec in third place, and Alberta fourth in line.
The Legal Age for Gambling in Canada
In most countries around the world, the legal gambling age is 21. In Canada however, the legal age for gambling varies by provinces. Alberta, Manitoba, and Quebec permit people 18 years of age and older to gamble. In all other Canadian provinces, the legal age is 19 years and older.
Getting caught gambling when you’re underage is a serious offence and some consequences have to be faced. Online casinos tend to regulate underage players very well, but there have been cases when an underage player has slipped through the net.
In recent times, a lot of fraudulent online casinos have flooded the internet, making it confusing for people who have no experience to decide on what online gambling platforms to use. Choosing the right casino can help you avoid getting scammed online. Unfortunately, a lot of people have little or no clue on how to find a legitimate casino online.
While a lot of casinos are legitimate and offer many great games and great platforms, others just cannot be trusted. And the only way to find a good casino is to do thorough research before joining an online casino. Search online for information about the casino’s licence. Every casino that is operating legally must have a licence, therefore if a casino does not have a licence that should be a huge red flag. Finally, read customer reviews about the platform. Go online and search the name of the casino on Google then read as many customer reviews as you can about the platform. If the casino is fraudulent, you will be sure to find many customer reviews that say so online.