The gambling market in Canada is estimated at 4 billion dollars
News 1 December, 2022

The gambling market in Canada is estimated at 4 billion dollars

For several years now, the Canadian government has been moving towards full legalization of gambling in the country. Now it has licensed online lotteries, and some states also offer gambling on a legal basis.

Nevertheless, the regulator tries to think not only about the prospects of earnings but also about the risks for players that will accompany business development in the country.

In addition, a large part of the gambling budget is missing because many users prefer illegal online casinos. Experts estimate that up to $500 million is spent every year on betting in them - an impressive part of the potential revenue that the state treasury could receive.

Nevertheless, the regulator says its goal is to only partially eliminate illegal casinos that operate outside Canada while providing games to its residents.

Instead, it is trying to secure users who play at these online casinos, in fact, without the protection of the regulator and can be cheated by unscrupulous operators.

But even licensed online casinos can carry risks for players. A great deal of advertising promotes online gambling so that even those who shouldn't do so get access to it.

Moreover, online casinos are available 24 hours a day, 7 days a week, without any weekends or breaks, so many people get too carried away with them without paying proper attention to family, work, close people, and friends.

According to the representative of the Canadian Gambling Commission, the local authorities in each city and province must take measures to prevent gambling addiction among young people.

Those who think they have a gambling addiction can always go to non-profit organizations dedicated to treating and helping people with this disorder. Find their contacts on the website of any licensed online casino in Canada, or search for information through a search engine.