Ten years ago, the future of the online gambling industry was not guaranteed. Of course, there were many companies doing well there, but there were also many more companies that were struggling to adapt to the changing environment.
In 2011, you were more likely to download an online casino app that broke your mobile device than one that didn’t. If you’re lucky enough to find a stable app to play with, you’ll soon get bored with the limited number of games on offer.
For ten years, the global online gambling market could not be otherwise. If you want to play online roulette, you have hundreds, if not thousands of great options at your fingertips. There are a lot more offers now than in the past, and there are many different ways to play. For example, if you want to enjoy the game and not worry about the safety of your gadget and your funds, then AxeCasino will be an excellent option for you. A lot of different games, round-the-clock support and quick money withdrawals are only part of the exciting journey that you have to go through
But what does all this mean for the gaming industry as a whole? Is the online sector ahead of traditional land-based gambling? Read on to find out.
Gambling statistics of Canada
To see how the industry is changing and changing, we have compiled some of the most interesting and relevant facts and statistics about Canadian gambling. Here are the main things we’ve discovered:
- 75% of all Canadians have gambled at some point in their lives.
- Since 2002, the number of active players in the country has decreased, but during this time, the average annual expenses of Canadian players have increased from $453 to $503.
- Land-based casinos in Canada boomed from 2002 to 2018, when the number of establishments increased from 78 to 147. Since 2018, this number has decreased to 88.
- Gross gambling revenue in Canada in 2020 amounted to 17.35 billion Canadian dollars, which decreased slightly compared to 2019 as a result of the pandemic.
- Ontario residents spend approximately 500 million Canadian dollars a year on gambling sites.
- Canadians spend about $4 billion a year on offshore gambling companies.
- Industry research shows that 55% of Canadian gamblers prefer to play online rather than at land-based casinos.
- Online casinos have 13% higher financial rewards for players than their land-based counterparts.
Unfortunately, specific statistics on how many people play online or in land-based casinos, and how much is generated by both industries, are not available. From these figures, we can see that trends show that the online sector is on the rise, but why?
Why gambling online?
There are many reasons why people prefer to play at an online casino rather than a classic land-based one. Here are the three most obvious:
Price: Playing online is much cheaper than spinning a roulette reel or playing slot machines in a land-based casino. As mentioned above, online casinos offer 13% more financial rewards than regular casinos.
In addition, players do not need to worry about arranging a trip to the casino or paying for food and drinks. In addition to this, there are no entry or membership fees in the online casino, players just log in and play.
Diversity: Land-based casinos are often limited in size and can only offer as many games as they are capable of. This does not apply to online casinos, and they can host many different poker tournaments, roulette and slot machines for everyone.
Offering a large number of games, online casinos can offer different versions of games. Using slot machines as an example, a land-based casino can only have space for 200 slot machines, whereas an online slot provider can contain 1000 slot machines with different themes from which players can choose!
Accessibility: According to government research, the most popular time of day for Canadians to gamble is from 4 p.m. to 6 p.m. This indicates what most people suspect: people play to relieve stress after a hard day’s work.
Playing a few rounds of blackjack on a mobile device is certainly much more convenient than going to a regular casino after work, it is also much more practical.
The Gambling Revolution: How Virtual Reality and Blockchain Are Changing Online Casinos
In the incessant stream of articles and research on modern technologies and innovations, the echoes of change can be heard even in the traditionally closed world of online gambling. This is an area that has remained virtually unchanged and predictable for a long time, but with the advent of new technologies, it began to experience a real revolution. At the very center of these changes are virtual reality and blockchain, two key factors that not only bring new opportunities to the field of online gambling, but also change the very nature of this industry.
Virtual reality
The first of them, virtual reality, has become one of the hottest trends in the technology world over the past few years. Its influence now permeates all areas of our lives, and online gambling is no exception. Virtual reality allows players to immerse themselves in unique visual and sound worlds created specifically for them. This creates a new level of participation and authenticity, making gambling more attractive and exciting for players. In addition, virtual reality opens up opportunities for creating completely new types of gambling. For example, adventure games where players can explore virtual worlds, solve puzzles and complete tasks while receiving rewards and experience.
Blockchain
The second equally important factor is blockchain technology, which surprises with its reliability and transparency. Blockchain, which is currently being used in many industries, also contributes to online gambling. Due to its decentralized nature and the ability to eliminate intermediaries, the blockchain allows players to receive more transparent and reliable conditions for their bets. Players can now fully trust virtual casinos, knowing that their funds and personal information are protected.
The Future of Canadian Gambling
Although it can be said that the online sector is ahead of its terrestrial counterparts here in Canada, its superiority is still not final. Expect the situation to change in the coming years as the remote sector continues to gain momentum.
Virtual reality and augmented reality casinos, which were once talked about as things from science fiction, will become more widely used and liked by Canadian players. Other technological innovations that we don’t know about yet will also be introduced to strengthen the control of the online sector in the market.
In addition to this, we are likely to see more and more government gambling sites. If you are a fan of online gambling, the next decade will be more than exciting!
From Fantasy to Reality: Technologies Changing the Face of Gambling
The rise of artificial intelligence and virtual reality, for instance, hints at immersive gaming experiences previously confined to our imagination. In the future, online casinos will continue to evolve, using elements of science fiction to create unique and exciting gaming experiences. Virtual reality and blockchain technologies will make gambling more interactive and secure, attracting a new generation of players. Thus, online gambling will not just change – it will become a whole new world of possibilities for all adrenaline lovers.
