Canada is one of the most developed countries in the world, and as such, it’s home to a lot of different booming industries. The online casino is one of them, and it’s among the fastest-growing businesses in many provinces.
The number of users interested in these casino sites grows because places like Yukon Gold casino provide many more things than the land-based operators found nationwide. Therefore, people realize that there is no need to spend a lot of time traveling and wasting money on other things when they can access more options from home.
Online gambling in Canada is fairly new compared to the situation in other parts of the world, such as Europe. However, the growing number of people using such sites allows us to access a lot of interesting data and use it to analyze the users’ online activity. So, here are a couple of interesting things you should know.
Around 2% of Canadians are reported to have risky gambling habits
One of the big reasons why many people are not fans of iGaming, and it is one of the most regulated industries in the world, is because of its risks. People who are not responsible and prone to addictions should stay away from online casinos and bookmakers because those things can cause them problems.
When discussing risky gambling habits, we can include spending too much money or too much time playing. Some people have even more serious problems and often need to contact professionals to get help.
Some data online reveals that around 2% of Canadian gamblers have some kind of risky gambling habit. Although we can’t fact-check this data, if you think about it, the percentage should be even higher because many sites use a lot of aggressive ads to advertise what they offer. We expect to see different kinds of regulations in this department in the future because companies have to be more responsible.
One of the highest recorded losses from problem gambling in Canada is more than $700,000 in one year
As mentioned earlier, gambling problems are a thing everywhere, including in Canada. Some people are affected more than others, but if we take a look at some of the gambling stat, we can see that everyone who has problems loses a lot of money.
That said, there is one case that stands out because a person in Canada who problems has gambling losses of more than $700,000 in one year. This is a jaw-dropping amount of money, to say the least, so if you want to avoid losing so much, you should always use the deposit limiters that are offered by specific casinos or betting sites.
Most people prefer sports betting because it’s easier to understand
If you look at the number of gambling platforms and what they offer in Canada, you can see that most of them can go under the “dual” section. What this means is that it has a casino and a sportsbook, and people can use both without needing to register a second time.
However, if we put those kinds of sites, there are definitely more online sportsbooks than casinos. Even though casinos are more popular worldwide, Canadians choose sportsbooks because they are more familiar with them. Furthermore, most people who bet in the country are big sports fans and want to support their favorite club.
Aside from the products they offer, there aren’t that many differences between the casinos and sports betting sites available in Canada. Both things use similar designs and allow people to access relatively similar features.
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