Canada Online Gambling Market Overview, 2028

Canada Online Gambling Market Overview, 2028

Bonafide Research 31-03-2023 58 Pages Figures : 4 Tables : 11
Region : North America Country : Canada Category : IT & Telecommunications Internet, E-Commerce & Software

In Canada, online gaming is a thriving industry. Several Canadian provinces have launched gambling websites in an attempt to capitalise on this lucrative industry. Alberta, Ontario, British Columbia, and Saskatchewan are among them. In today's world, Canada has fully embraced gambling. Because of technological advancements, online gambling has become a popular pastime in Canada. Several factors have contributed to the growth of the Canadian online gambling market, including increased accessibility and convenience for players, the proliferation of mobile devices and improved technology, and the growing acceptance of online gambling as a legitimate form of entertainment. The increasing availability of high-speed internet and mobile devices has made online gambling more accessible to Canadians, and has also made it possible for online gambling operators to offer a wider range of games and services. According to the research report, “Canada Online Gambling Market Overview, 2028” published by Bonafide Research, the market is projected to reach a market size of more than USD 7 Billion by 2028. Based on game type, the market is segmented into sports betting, casinos, poker, bingo, lottery and others. Among them the sports betting holds the highest market share of online gambling market of Canada. Sports betting is one of Canada's most popular forms of online gambling, with many Canadians betting on popular sports such as hockey, football, and basketball. Online casino games are also popular, with a diverse selection of games available such as slot machines, blackjack, and roulette. Many international online gambling companies, in addition to domestic online gambling operators, offer their services to Canadian players. However, it is important to note that in order to ensure the safety and security of their funds and personal information, players should only gamble with licenced and regulated operators. During the forecast period the Poker segment is expected to gain the maximum market growth in online gambling market of Canada. Poker is a popular game all over the world, and it has a devoted following in Canada. Online poker allows players to play from anywhere at any time, making it a convenient option for them. Online poker tournaments are held on a regular basis, giving players the opportunity to compete in high-stakes games with significant prizes. Technology advancements have made online poker more accessible, reliable, and secure, encouraging more players to participate. Every province in Canada has its own set of rules regarding online gambling. Casinos, on the other hand, are generally legal. Canadian online casinos must be licenced by the appropriate authorities. Except for Saskatchewan, every province has at least one online gambling site. In practise, Manitoba, British Columbia, Ontario, and Quebec can issue licences. Online gambling sites can only operate on a local level without special licences. Before games can be played across provincial lines, a special agreement must be reached. Offshore operators do not require licences to operate within the country. Penalties apply only to land-based casinos. Canadians can participate in offshore online casinos. However, such casinos are prohibited from specifically targeting Canadian players. Gambling has a long history in Canada that predates the arrival of European settlers. On the Pacific Northwest Coast, indigenous peoples played a game called Slahal with sticks and bones. The game is said to have originated before the Ice Age. The game has far more social, spiritual, and community significance than it does as a recreational activity. Because dice games were illegal under British common law, European settlers looked down on gambling. In today's world, Canada has fully embraced gambling. Online gambling has become a popular pastime in Canada as a result of technological advancements that specifically target Canadian players. The market is divided into two categories: mobile devices (phones and tablets) and desktop computers. The desktop segment has the largest market share in Canada's online gambling market. Mobile devices are expected to gain the largest market share for online gambling in Canada during the forecast period. Mobile devices provide convenience that other devices do not. Players can access their preferred online gambling sites at any time and from any location, removing the need for a computer or a physical location. Because mobile devices are easier to transport and use while on the go, they are more accessible than computers. As a result, mobile devices have become the preferred choice for many Canadian online gamblers. Considered in this report • Geography: Canada • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Canada Online Gambling market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Game Type: • Sports Betting • Casinos • Poker • Bingo • Lottery • Others By Distribution Channel: • Mobile Devices (Phones and Tablets) • Desktop The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Online Gambling industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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