While Canada is not particularly known for its casino scene, Canada’s population does have some of the highest rates of gambling worldwide. In fact, some interesting studies show that most Canadians gamble on a regular basis.
The overall percentage of , with . The amount of money spent isn’t necessarily big, though – only .
As the gambling industry is a big one in Canada, the development of players choosing online casinos more and more often is bound to have a big impact – and may impact the land-based casinos of today. Reasons for the steep rise in popularity of online gaming sites include convenience, accessibility and generous .
The demographic most likely to play online ranges from the ages of 30-50. have gambled online. Furthermore, women are most likely to play using their phones, with as many as 55% using their phones for gambling.
The fact that more and more players are turning to online casinos is affecting land-based casinos. As the online casino industry keeps growing, revenue from land-based casinos has been consistently declining, and could eventually force some physical casinos to shut down.
In Ontario, a new online gaming market has emerged thanks to changes in regulations. This market is one where private gaming operators are now allowed to run online casinos, and the bigger assortment of gambling sites naturally contributes to Canadians choosing to play online.
Alberta has been looking to , and there are concerns. The influx of online operators may lead to fewer people attending gambling events organized by charitable organizations for fundraising purposes. With online casinos giving people access to gambling online, fewer people may be interested in attending these events, which would then lead to a decrease in fundraising for charities.
In the year 2022-23, casinos generated $255 million for charities in Alberta. As there are currently no plans to force gambling casinos to make charitable contributions, an important sum of money that would otherwise go towards charities in Alberta could be at risk.
Michael Thompson, executive director of the Alberta Charitable Casino Operators, has made his opinion and worries clear.
"We think the Ontario model will be very damaging to casinos in Alberta and charities will lose out significantly as a result, “ he says. “We think that's going to be a disaster and they need to take the time to get it right."
Regardless of regulations in Canada, it can’t be ignored that online gambling is changing the industry. Even without Canadian operators offering gambling sites, there are always going to be international online casinos that will accept Canadian players.
This means that if Canada doesn’t allow operators to offer players online casinos, Canadian companies will lose out on a significant amount of revenue that would instead be lost to entities outside of the country.
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