Canada Ranks Among The Top 10 Largest iGaming Markets Worldwide
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Canada Ranks Among The Top 10 Largest iGaming Markets Worldwide

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10 Largest iGaming Markets

Today, Canada’s online iGaming market, which encompasses online casinos and sportsbooks, ranks among the top ten biggest in the world. With a gross gaming revenue of around 2.6 billion USD (3.42 CAD), the market ranks below France (3.8 billion USD) and Germany (3.65 billion USD) and right above Sweden (2.1 billion USD) and Spain (1.6 billion USD). So how did gambling become a popular activity in the country, which are the key factors driving the current market’s growth and how is the sector regulated?

A brief history of gambling in Canada

Canada’s relationship with gambling has a rich and diverse history that traces back to First Nations who are believed to have engaged in games of chance and skill. The first government-sanctioned gambling activity was introduced in 1969 with the Canadian government’s lottery creation. Over time, other provinces began to open up their own lotteries and casinos.

In 1985, the Canadian government amended the Criminal Code to allow for charitable gambling, and in 1989, the first Indigenous-run casino opened in Saskatchewan. In the 1990s, the number of casinos in Canada increased significantly, and sports betting was also legalised.

The early 2000s saw the rise of online gambling, which the government attempted to regulate with the introduction of the Canadian Gaming Association. However, online gambling remained largely unregulated until recent years.

Key factors driving the market’s growth

According to market research firm Ipsos, virtual gambling has exceeded the popularity of in-person betting. Before 2020, nearly 40% of Canadians would visit a brick-and-mortar casino at least once a year. That figure dropped to 26% in 2020, with more and more people playing casino games through a website or mobile application. iGaming activity is significantly higher in the  Scotia, Saskatchewan and Ontario provinces. Nearly 35% of Ontarians, Ipsos reports, have played online casino games (slots, poker, roulette, blackjack, etc) compared to 30% of all Canadians.

The industry’s astronomic growth can be attributed to various factors, one of them being technological advancements. With the increasing availability of high-speed internet coupled with more affordable and powerful smart devices, iGaming platforms are more accessible than ever before. Not too long ago, nationwide lockdowns saw land-based casinos shut their doors to the public and shift their focus to digital platforms. As a result, existing consumers had to turn to iGaming platforms and, simultaneously, a new demographic of consumers confined to their homes gained an interest in online betting.

iGaming regulation in Canada

As per the Criminal Code of Canada, any form of gambling that is not licensed and managed by local regulatory bodies is deemed illegal. Canadian online gambling laws further state that online casinos operating from Canadian territory are, too, illegal. As such, Canadians have frequented iGaming sites based outside the country as the Criminal Code of Canada does not state the same about offshore platforms.

Presently, province-based governments regulate online gambling, and there are several overarching regulations, including the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and the Financial Transactions and Reports Analysis Centre (FINTRAC) standards.

Beyond this, individual provinces have their own regulatory bodies. In Ontario, for example, single-game betting is legal and sites such as FanDuel, PointsBet and theScore Bet among others are now accessible. iGaming Ontario casinos are becoming more common as the province is the first to build an open market. Regulated by the Alcohol and Gaming Commission of Ontario with the help of iGaming Ontario, the province’s market complies with strict KYC principles and AML standards following the nation’s iGaming landscape.

To conclude, Canada’s gambling has come a long way—from its origins amongst the First Nations to the proliferation of iGaming platforms in the 21st century. With time, the billionaire market will likely continue growing thanks to technological advances and a more open regulatory landscape.

 

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Red Wings sign Raymond to 8-year, $64.6 million contract

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DETROIT (AP) — The Detroit Red Wings signed forward Lucas Raymond to an eight-year, $64.6 million contract Monday, completing a deal with one of their best young players less than 72 hours before training camp begins.

Raymond will count $8.075 million against the salary cap through 2032. The 22-year-old was a restricted free agent without a contract for the upcoming NHL season and was coming off setting career highs with 31 goals, 41 assists and 72 points.

The Red Wings have another one of those in defenceman Moritz Seider, who won the Calder Trophy as rookie of the year in 2021-22.

Detroit is looking to end an eight-year playoff drought dating to the Original Six franchise’s last appearance in 2016.

Raymond, a Swede who was the fourth pick in 2020, has 174 points in 238 games since breaking into the league.

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Cousins caps winning drive with TD pass to London as Falcons rally past Eagles 22-21

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PHILADELPHIA (AP) — Kirk Cousins led a flawless last-minute drive for Atlanta and connected with Drake London for a 7-yard touchdown with 34 seconds left to give the Falcons a 22-21 victory over the Philadelphia Eagles on Monday night.

Saquon Barkley dropped a short pass that stopped the clock with 1:46 left and forced the Eagles to settle for a field goal instead of a game-sealing first down. That was plenty of time for Cousins — especially against an Eagles defense playing soft coverage with a nonexistent pass rush.

The 36-year-old veteran, playing his second game since tearing his Achilles tendon last Oct. 29 while playing for Minnesota, shook off an uneven effort and hit Darnell Mooney for 21 and 26 yards on consecutive plays during the decisive drive.

Cousins found London on a short pass to his right for the tying score, and Younghoe Koo put Atlanta (1-1) on top with a 48-yard extra point after London was flagged for unsportsmanlike conduct. The go-ahead drive took just 65 seconds.

Jalen Hurts had his final pass intercepted by Jessie Bates III to seal Atlanta’s win and set off a wild celebration on the sideline.

The Eagles (1-1) went ahead on Hurts’ 1-yard tush push score with 6:47 left. Barkley finished with 95 yards on 22 carries in his home debut for Philadelphia, but his drop provided the Falcons with some hope.

And then Cousins started playing like the QB Atlanta thought it was getting when it signed him to a four-year, $180 million contract.

Cousins finished 20 of 29 for 241 yards and two touchdowns. Atlanta’s first TD was a 41-yarder from Cousins to Mooney, who finished with three catches for 88 yards.

Hurts was 23 of 30 for 183 yards, including a touchdown pass to DeVonta Smith. With No. 1 receiver A.J. Brown out with a hamstring injury, Smith led the Eagles with seven catches for 76 yards and a score.

Jake Elliott kicked two field goals for the Eagles. His 28-yarder with 1:39 left made it 21-15.

Atlanta kept stalling in the red zone, getting three field goals from Koo, before Cousins fired over the middle to Mooney, who shook loose from C.J. Gardner-Johnson and left him on the turf before he somersaulted into the end zone with 1:21 left in the third quarter for a 15-10 lead. Cousins failed on the 2-point conversion pass.

Hurts had some juice in his step during a second-quarter TD drive, running with abandon for big plays much like he did in the 2022 season. He spiked the ball in a rare, raw show of emotion on a 23-yard run, earning a delay-of-game penalty. He shrugged off the 5-yard setback and scrambled for 9 yards and 15 yards to move the Eagles to Atlanta’s 19.

With comedian Shane Gillis and actor Bradley Cooper among the fans cheering on the Eagles, Hurts connected with Smith in the back of the end zone for a 7-yard TD that made it 7-3.

Under new defensive coordinator Vince Fangio, the Eagles have established an early knack for allowing long drives that end with three points instead of seven. Koo kicked field goals of 39, 22 and 34 yards, the last one enough for a 9-7 lead in the third quarter. In their opener, the Eagles held the Packers to just three field goals when they drove inside the 20.

Questionable call

Rather than take a chip-shot field goal from Elliott, the Eagles’ fourth-and-4 gamble at Atlanta’s 9-yard line in the first quarter failed when Hurts threw an incomplete pass.

Elliott kicked a 29-yarder with 4:31 left in the third quarter for a 10-9 lead.

Running wild

Bijan Robinson ran for 97 yards for the Falcons. The Eagles stuffed him late on fourth-and-1 at the Atlanta 39.

Barkley was quiet until the go-ahead drive, a week after he rushed for 109 yards and scored three touchdowns against Green Bay. Eagles fans booed when the opening drive of the game ended without Barkley touching the ball. They went wild when he had consecutive 9-yard runs to open the second drive. Barkley had 40 yards rushing in the first half.

Foles honored

Former Eagles QB Nick Foles, who led the franchise to its only Super Bowl title, served as an honorary captain and led the crowd in a rendition of “Fly, Eagles, Fly.”

Injuries

The Falcons played without LB Nate Landman (calf, quad).

Up next

Atlanta hosts Super Bowl champion Kansas City on Sunday.

The Eagles play at New Orleans on Sunday.

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Fernandez and Dabrowski headline Canadian lineup for Billie Jean King Cup Finals

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TORONTO – Singles star Leylah Fernandez and doubles specialist Gabriela Dabrowski will anchor Canada’s five-player lineup when the team tries to defend its Billie Jean King Cup title in mid-November.

The 26th-ranked Fernandez, the 2021 U.S. Open finalist from Laval, Que., is the lone Canadian in the top 100 of the WTA Tour’s singles rankings.

Dabrowski, from Ottawa, is ranked fourth on the doubles list. The 2023 U.S. Open women’s doubles champion won mixed doubles bronze with Felix Auger-Aliassime at the recent Paris Olympics.

Marina Stakusic of Mississauga, Ont., returns after a breakout performance last year, capped by her singles win in Canada’s 2-0 victory over Italy in the final. Vancouver’s Rebecca Marino is also back and Bianca Andreescu, the 2019 U.S. Open champion from Mississauga, Ont., returns to the squad for the first time since 2022.

“Winning the Billie Jean King Cup in 2023 was a dream come true for us, and not only that, but I feel like we made a statement to the world about the strength of this nation when it comes to tennis,” Canada captain Heidi El Tabakh said Monday in a release. “Once again, we have a very strong team this year with Bianca joining Leylah, Gaby, Rebecca and Marina, making it an extremely powerful team that is more than capable of going all the way.

“At the end of the day, our goal is to make Canada proud, and we’ll do our best to bring the same level of effort and excitement that we had in last year’s finals.”

Fernandez, who beat Jasmine Paolini to clinch Canada’s first-ever title at the competition, is ranked No. 42 in doubles.

Canada, which received an automatic berth as defending champion, will play the winner of the first-round tie between Great Britain and Germany on Nov. 17 at Malaga’s Martin Carpena Arena.

Australia, Italy and wild-card entry Czechia also received first-round byes. The tournament, which continues through Nov. 20, also includes host Spain, Slovakia, the United States, Poland, Japan and Romania.

Stakusic is up 27 spots to No. 128 in the latest world singles rankings. Marino is at No. 134 and Andreescu, the 2019 U.S. Open champion, is ranked 167th.

Canada will look to become the first team since Czechia in 2016 to successfully defend its Billie Jean King Cup title.

Malaga will also host the Nov. 19-24 Davis Cup Final 8. The Canadian men qualified over the weekend with a 2-1 victory over Great Britain in Manchester.

This report by The Canadian Press was first published Sept. 16, 2024.

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