A 2023 review of the gambling market in Canada revealed some interesting facts that highlight the region’s fantastic growth potential.

Dmitry Rogalchuk, Head of Content at Casino Canada, stated,

Quote

"Our comprehensive report on the Gambling Market Overview in Canada for 2023 offers valuable insights for industry stakeholders, policymakers, and consumers. Our team of experts has put in tremendous effort to deliver a detailed analysis of the Canadian gambling market's current state and future prospects, which will help industry participants navigate the changing landscape."

Join us as we pull a highlight reel of the essential items discussed in the report and how this could see Canada become a leading gambling jurisdiction.

Key Casino Canada Findings

The comprehensive report covers everything from the Great White North’s love affair with gambling to its province-based regulatory framework and much more. As much of this information revolves around land-based casinos and sports betting, here is an overview of the key metrics it discusses:

• The Canadian gaming industry contributes nearly $9 billion in annual revenue and supports various government and community programs and services.
• In 2021, the Canadian gambling industry was valued at $12.54 billion, with lottery sales being the primary source of revenue.
• Approximately 18.9 million people in Canada reported gambling in the past year, with 95% of players considered non-problem gamblers.
• Slots and bingo are the most popular types of electronic gambling in the country.
• The growth of the gaming industry in Canada can be attributed to the increase in the availability of legal gaming options.

Based on these critical metrics and other information which unpacks the player base, annual revenues, and essential growth factors point the way towards a prosperous Canadian gambling market.

 Online Gambling in Canada

With online and mobile casino gaming offering players easy access to their favourite games and regulators able to derive multiple revenue sources from the licensing and taxation of the sector, we were very interested in what the report revealed.

Here are several insightful online casino data points from the report:

1. Canada has no federal online casino regulation. However, each state is allowed to launch a gaming authority to offer games of chance to its residents online.
2. A 2022 report by the Ministry of Finance revealed that Ontario Lottery and Gaming generated over $2.2 billion for the state, with a net profit of $1.6 billion.
3. An NM report revealed that 80% of provinces have opted to launch their own online gambling websites as a source of revenue post the pandemic.
4. 8 out of 10 local casino players confirmed they moved to online games of chance during the national lockdowns.

It is clear that a large portion of the country’s revenue will come from its adoption of a state-driven, regulated online gambling model. This will allow for the establishment of in-country gambling companies, increased spending on local advertising, and a lift in job creation – all of which has a positive net effect on the economy.

To help you determine where to join next, we created a guide to Canada Online Casinos. You will find resources on regulation, safer gambling, payment and withdrawal methods, and the best Canuck-friendly gaming sites online.