What is the rate of growth of the online casino industry in Canada in the past few years?

The online gambling business in Canada is on the rise, and nothing seems to be able to stop it. But how much is it growing? The one thing we can say for sure is that the Great White North is among the largest markets for digital casinos. And while the industry is still relatively new there, it’s growing at a very fast pace.

New players keep joining virtual gambling websites, so it's fair to say that online casinos are thriving. In this post, we'll take a closer look at the recent trends in gambling and how they've been affecting the industry's development in Canada.

How big is the Canadian digital gambling market?

Before we make any educated guesses, we must check the official reports. According to Statista, the market size of the gambling sector in Canada is projected to grow to $12.5 billion in 2022.

The whole sector experienced a slight decline in the age of COVID-19, but it’s bouncing back as we speak. And if we count in all of the ancillary services, the industry might be worth even more. All in all, it’s safe to say that gambling is a big business in Canada and online casinos are a significant part of it.

What causes such tremendous growth of this industry?

The answer is simple — the ever-growing popularity of digital gambling among Canadians. It seems that every day, more and more people in this country are looking for ways to gamble online. There are many factors behind this sudden surge in popularity.

1. Bonus features and limited deposits

First of all, we must mention the lucrative welcome bonuses and other promotional offers that online casinos keep showering their potential customers with. In most cases, these deals are way better than what brick-and-mortar gambling venues have to offer.

What’s more, you don’t need to be a high roller to enjoy online gambling. On the contrary, the minimum deposit limits are usually much lower than in regular casinos. With just a few clicks, you can gain access to the most thrilling casino games. That makes digital gambling more accessible to a wider audience which is always a good thing.

2. Convenience

It’s a lot more convenient than traditional gambling. You don’t have to leave your house and go to a land-based casino. You can play your favorite games from the comfort of your own home. All you need is a reliable internet connection and a device that can connect to the web.

You can also gamble on the go, thanks to the proliferation of mobile devices. Many online casinos have developed mobile apps that you can download and use to gamble anywhere, anytime. So, it’s not surprising that more and more people are choosing online gambling over its offline counterpart.

3. Game selection

It's easy to conclude that online casinos have a lot to offer when it comes to games. The selection of titles is usually much bigger than in regular casinos. You can find all sorts of games coming in all kinds of themes. Besides that, new titles are being released all the time, so you’ll never get tired or bored of gambling online.

4. Anonymity

Another advantage of digital casinos is that they offer anonymity. You don’t have to give your real name or any other personal information to open an account and start playing. That’s not the case with regular casinos where you have to register and provide some ID.

Of course, you’ll have to share your banking details if you want to make a deposit or withdrawal. But that’s as far as it goes. Online casinos will never ask you for any sensitive information that could be used to steal your identity.

The bottom line

These are just some of the reasons why online gambling is becoming so popular in Canada. And as more and more people join digital casinos, the industry will keep growing at a rapid pace. So, if you’re thinking about getting into this business, now is the time to do it.