The Canadian government legalized casinos and lotteries in 1969. The Criminal Code was also amended in 1985 to authorize provinces to regulate gambling and launch their own operators. With these changes, the radical expansion of the casino industry started.
Since the provinces hold a monopoly on gambling, the industry is strictly regulated. Online gambling hasn’t developed at the expected pace, since most provinces don’t issue licenses to casino websites. There’s an ongoing debate on gambling laws expansion, but we’re yet to see its development. Still, the Canadian casino industry influences the global gambling culture in several ways.
Canada is a giant in the global casino industry. Let’s see: what international influence does it have?
Online Gambling Is Strongly Regulated
We’ve seen a steady growth in the online gambling industry over the last two decades. Canadian provinces haven’t adopted a lucrative business model regarding casino websites. When players want to access online games, they search for an international highest payout online casino, which holds an offshore license.
What global influence does this policy have? Canadians love to gamble. Thousands of them have joined real money casino websites. Since the provincial governments don’t issue licenses to Canadian websites, companies registered in Malta, Curacao, Gibraltar, and other countries benefit from the strict laws.
Online Poker Is the Real Deal
Provincial lotteries offer online poker through their own services. Land-based Canadian casinos are classy and luxurious. They brought the game of poker to a whole other level. However, a large volume of players enjoy virtual poker. They can join a table with international players, while staying in pajamas at home.
Online poker brought the favorite strategic game closer to more of us. It doesn’t matter how skilled you are at playing, how good you are at bluffing, and how classy you look. Beginners and veteran players are all welcome. It’s easy to find a licensed website, join a real deal table, and enjoy playing the game.
The Use of Cryptocurrency Is on the Rise
When you access a foreign website, your government doesn’t guarantee its safety. Although online casinos are safe and reliable, most Canadians are careful when sharing banking information. They prefer using a method that doesn’t disclose important details. That’s what makes cryptocurrency so useful.
By accessing a Dogecoin casino, online gamblers aren’t required to share banking information. They must provide their personal details to create a real profile. But when they make a deposit or withdraw money, they do it in a safer way.
Gambling Is a Significant Part of the Entertainment Industry
In 2019, the Canadian gambling market size reached its peak at USD 14.72 billion. This is the largest aspect of the country’s entertainment business. If you’re wondering how it has influenced global culture, think beyond the flashy neon lights and gambling tables. Each casino has a massive team that keeps the party going.
The industry has seen a slight decline due to the COVID-19 pandemic. By holding back from online gambling, provincial governments failed to benefit from the opportunities offered by virtual casinos. Traditional casinos are still seen as a major source of entertainment, but the situation made lawmakers think: what if lockdowns are an inevitable part of our future?
Charities Benefit from Gambling
Canada didn’t legalize gambling for the sake of casinos and players. It’s all about the taxes that the government collects. However, charities benefit from gambling activities as well. In 2018, charitable organizations from Alberta raised USD 347 million through gaming. Over 70% of these funds were raised through casinos.
These policies have a dramatic impact on the global gambling culture. When players see the bigger picture, they realize that their hobby contributes to someone’s improved lifestyle. Several other countries, including the Netherlands, have relied on the same business model to benefit from the casino industry.
The Bottom Line
Gambling is an important entertainment activity on a national level. Thousands of players enjoy casino games on a daily level. Canadian casinos have created a culture that influences the global gambling behavior in a positive way. The only drawback is the lack of a regulated online gaming industry.
The Canadian government authorized each province to regulate gambling on its own terms. This is an effective policy that allows provincial lawmakers to respond to the needs of their citizens. Still, the legal setting has created an unfavorable attitude towards online gambling. Players expect that to change in the near future.