HomeNews ❯ Canadian Online Gambling Industry Continues to Grow

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Canadian Online Gambling Industry Continues to Grow

We are all aware of just how important and influential the world of online gambling is, and in Canada, it is hugely influential. There are so many excellent options for online gaming in this day and age, and more and more online casinos and gaming suppliers are emerging with every passing year. News broke earlier in the year that land-based, bricks and mortar casinos were on the decline, as online casino gaming now ruled the roost.

There is no question that the online gaming industry is one of the fastest rising in Canada, and much of this surrounds the gambling industry. It is important for casinos to take advantage of this, and we have already seen a rise in more and more online casino startups, such as NetBet. In fact, it’s not just nationally, studies indicate that the world of online gambling will have hit a staggering $74 billion globally by 2023!

It seems clear that the industry in Canada is only growing larger with every passing month – just think about the number of casino developments carried out across provinces. Indeed, you only have to look at figures for this year, with companies like Great Canadian Gaming posting excellent second quarter results in the online gambling world. This has shown how much it is important for companies to be active during this online casino growth if they want to have any kind of success. It also shows the bright future for many in the casino industry in Canada.

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Further developments that look set to support this are the partnerships that are happening, many of these international. For example, Canadian software company Axion Venture has recently partnered with Asian ISP powerhouse True Corporation to launch a mobile game. This is bound to bring more positive attention to the world of online casino gaming and will go a long way toward helping the process moving forward.

On the topic of mobile gaming, it is clear that mobile gambling has become a pretty massive part of the gambling and casino industry. People love the portable nature of mobiles, and the fact they allow them to gamble on the move with a more streamlined version of their favourite casinos. Studies show that 66% of Canadian gamers play via a smartphone, and you can bet a large percentage of that includes casino gaming. Couple that with the smartphone capabilities and apps that the likes of Ontario Lottery and Gaming Corp. have released, and it’s not difficult to see why mobile casino gaming is so popular. Indeed, OLG spokesperson Ryan Bissonnette claimed, “More and more people are buying their lottery tickets online, and we are very pleased with the results.”

It seems clear that, as the industry grows larger, we will see more and more businesses develop as a result. This is a multi-million dollar industry within Canada and one that a lot of companies are keen to make the most of. This is why we should see a continual rise in the world of online gambling in the future.

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