On Canadian territory, the online gambling industry generates more than thirty billion dollars. The profits generated by the sector have tripled thanks to increasingly diversified offers.
Focus On The Regulations In Force
Currently, thousands of people work in the field of online gambling and in various gambling establishments across the country. The government plans to put in place a series of programs intended for tax revenues and social organizations which amount to at least ten billion dollars each year. Contrary to French standards, Canadian law in no way imposes a difference between online gambling and entertainment accessible in a physical location. With the legalization of the sector, the provinces now offer online games of chance, including a variety of lotteries and other formulas that may be of interest to punters.
In Canada, online gambling has become a state monopoly allowing the ruling power to collect as many benefits as possible. Recently, the Quebec government strongly requested the amendment of the Criminal Code concerning online games of chance. In particular, the text should grant licenses to legal persons while respecting well-established rules. Among the major beneficiaries of the sector, the provinces of Ontario, Quebec, British Columbia and Alberta are at the top of the ranking. Reputable online betting and casino sites are operated in these regions. The benefits range from casino games, lotteries, sports betting and slot machines. From a legal standpoint, gambling is still banned in Canada. However, the Canadian provinces have the authorization to exploit the vein by adapting the gaming products according to the requests. Note that each province applies its own laws. As a result, only charitable or religious associations have the possibility of organizing bingos or lotteries in order to raise funds and bring together the community.
Obtaining Licenses In Canada
Unlike other countries, the games are provided by the authorities in the presence of the state corporations. The transaction is often carried out through commissions and companies, therefore, no license required. In the various provinces, the lottery companies collaborate with private actors to offer their service. This is a contract that eliminates the concept of gaming licenses. However, the issuance of licenses and contracts is based on very specific conditions taking into account gaming products and revenues.
Easy access to online gambling does not prevent Canada from establishing a program to protect players and Internet users. Faced with the risk of addiction, the country is investing millions of dollars in this fight including research, prevention and treatment.