Latest Developments in Canada's Online Casinos and Regulatory Framework

Current research reveals that the online gambling market is on track to reach an astonishing $1 trillion by 2022/2023. In Canada, online gambling's popularity has been steadily rising and there’s no indication of a slowdown.

Advancements in technology are continually reshaping the landscape for online casinos, with improvements in user interfaces, payment options, and security measures attracting more players.

Without a doubt, the pandemic has accelerated digital entertainment, including on-the-go gaming experiences.

With rising demand for online gambling and Canada's casinos gaining momentum, what shifts can enthusiasts expect in 2022/2023? Let’s delve into the trends set to dominate.

Regulatory Landscape for Online Gambling in Canada

Understanding the landscape of Canada's online gambling requires clarity on its regulatory 'grey areas.'

The Criminal Code outlines illegal gambling conduct in Canada, but provinces are empowered to regulate gambling, including licensing for casinos, online and otherwise.

Because licenses are not easily granted, many operators choose to establish their bases abroad, leaving Canadian law in a bind regarding jurisdiction. online casinos The interplay of Canadian legislation allows both local and international online platforms, as no specific prohibitions exist under the Criminal Code.

When it comes to Canadian citizens taking part in online gambling Anticipated iGaming trends for 2022/2023 are set to shape the industry

Online Gambling Trends

Here is our list of the top online gambling The prevalence of mobile casinos and sports betting is expected to continue growing in 2022/2023.

Mobile Gambling Continues to Surge

During 2022/2023, many were driven online due to restricted access to physical casinos brought about by the pandemic. mobile gambling This shift resulted in a significant uptick in mobile and online gambling, and with restrictions likely persisting, this trend will likely continue.

Forecasts indicate mobile gaming could capture a staggering 60% of the gambling market share in 2022/2023.

The demand for digital currency transactions has been mounting over the years, with increasing numbers becoming savvy.

Though still budding, crypto technology is evolving, becoming simpler and more readily adopted by the masses and businesses.

An Increasing Number of Platforms Embrace Cryptocurrency

Bitcoin’s soaring value could prompt greater adoption of cryptocurrencies as payment options in 2022.

eSports betting stands as one of the most explosive sectors in gambling as professional gaming garners more recognition and mainstream media coverage.

The broadcasting of esports by major networks has filled the void left by postponed sports during 2022/2023.

Betting on eSports Gains Traction Worldwide

This surge in visibility has prompted bookmakers to offer markets for eSports, reflecting growing interest.

Virtual reality gaming has been making waves, with the tech underpinning it advancing each passing year.

With more VR gadgets entering the market, such accessibility will transform how the general public engages with VR.

Visit the Casino In Virtual Reality

Online gambling remains vigilant to tech trends, as virtual reality casinos start emerging to provide an immersive experience.

The dual push of innovative technology and current circumstances positions VR casinos for a breakthrough in popularity this year. Oculus’ new Quest 2 .

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