15.9 billion dollar contribution to the economy - the rise of online gaming in Canada
15.9 billion dollar contribution to the economy - the rise of online gaming in Canada
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The online gaming industry is the major sub-niche in the entertainment sector of Canada. The sector delivers up to 16 billion dollars every year to the economy. Along with contribution, the gaming industry, in general, created more than 130 000 full-time jobs in the country. Half of the contribution goes for community programs and services for small areas of Canada. That's a small intro in the world of the online gaming industry. Actually, Canada became the hub of casinos and betting sites. It's due to the latest changes in the legal framework and help from the government. 

Diversity of gaming niches

Gambling became legal in Canada by the end of the 20th century. The gaming sector has gone through different cycles since it became legal. From the start of the 21st century, there has been a massive implementation of online casinos in Canada. Most of the table-casinos have transformed their profile in online casinos. It became easier to access millions of worldwide users.

Canada's online gaming sector got friendly relations with the government. Since 2010, the online gaming sector contributes more money to the economy. On the other hand, Canada's government gave a friendly-hand to the online gaming sector. If gambling websites in the EU and Asia need different licenses for providing online poker, roulette, slots - Canada changed the approach. Business entities in the online gambling sector are not entitled to only one sub-niche. Online casinos in Canada offer different sub-niches of entertainment. 

Online casinos in Canada offer not only slots but also roulette and blackjack. That's the most effective way to get more attention from worldwide users. When the user does not need to visit different online casinos for two various games, that's when he becomes satisfied. User experience is very important and Canada's government chose the right direction. Canadian casino visitors can play roulette games online and manage digital funds for games like poker and blackjack. When that scenario happens under one casino website, people tend to spend more time, money and enjoy the moment. That's one of the biggest reasons why Canadian online casinos attract millions of worldwide users. 

Implementing the latest technologies

Canada is ruled by the Liberal party. The leader of the liberal party, Justin Trudeau is a big believer in technologies and the new industrial revolution. Justin Trudeau won the elections for the second time because Canadians believe in technologies too. The same attitude goes to the online gambling sector. Companies that run the online gaming sector in Canada implement the latest technologies for better user experience. 

As the blockchain currencies have gone viral, online casino owners announced a new decision. As of now, online casinos in Canada allow playing games with Bitcoin. The rise of crypto happened because of the big interest from consumers and investors. People get more benefits from Bitcoin because it?s the most secure system to manage the funds and it?s easy to send internationally. In just matters of seconds, you can send the transaction via Bitcoin from one point for the world into another. While international banks may take a few working days, Bitcoin does it in a few minutes. Bitcoin delivered online gaming to another level. Interest from regular gamers has increased and it affected contribution to the economy.

The synergy of appropriate reaction to new technologies and freedom from the government leads to the growth of the industry. Contribution to the economy is expected to grow by 50% in the next five years. Along with industry, there is expected to be more than 150 000 full-time employees by 2025.

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