How Legal Changes Are Shaping Online Gambling in Canada.

Over the last few years, Canada's gambling laws have evolved significantly, allowing operators to feel more secure while players feel safer and trust gambling companies more. Getting back to the beginning of the gambling industry in Canada, which was in 1892, the law was pretty strict and actually didn't allow any forms of gambling. It was early in the 20th century when regulations began to loosen, opening up gambling opportunities for locals.

In 1969, the Criminal Code was amended to allow players to access lotteries. In 1974, the first-ever lottery in Canada was founded. However, it wasn't until 2021 that the passage of Bill C-218 legalized betting on certain sporting events, offering sports fans an exciting opportunity to make money out of predicting the outcome of sports events..

In April of 2022, Ontario regulated the iGaming market, which allowed private operators to establish websites with gambling services. From this point, we witnessed a rapid development in the online gambling market and competition between local canadian online casinos that strived to offer customers a wide choice of games, sports betting options and lucrative promotions.

The annual growth rate of the gambling market in Canada is expected to grow 5.98%, resulting in a projected market volume of US$3.49bn by 2029. Also, experts predict a rise in customers up to 38.7% by the same year compared to 36.5% as of this year.