Canadian Gambling Industry Statistics and Prospects

The Canadian gambling industry has been growing rapidly in recent years. An increasing number of people are participating in various gambling activities. It attracts a diverse range of demographics, including users of different ages and genders, and is expected to continue growing in the future. A quick look at Canadian gambling statistics shows just what a trajectory the gambling sector is on. 

New online gambling sites are also coming up. These boast advanced features, attracting Canadian players and especially Quebecers. The article materials contain the information about Canadian online casinos reviewed by LeafletCasino experts, whose job is to find the best gambling platforms in the country. Such websites are among the primary reasons for the sector’s unending growth, as they offer an easy and convenient way for gamblers to play. 

Statistics on Canadian Gambling Market Sizing

According to a report by Statista, the country’s gambling market reached a value of $12.54 billion in 2021. Almost half of the revenue, 45% to be exact, was generated via online gamblers. The growth is primarily due to the increasing number of users who are participating in online gambling activities. It is reported that nearly 75% of the population partakes in some kind of gambling. This huge user base puts the country in the top 8th spot globally when it comes to playing online casino games. 

Gambling Revenue in Canada

Until the end of Q3 of 2022, the revenue generated by gambling in Canada was $16 billion. Some reports on Canadian gambling statistics suggest that the sector generated $2.64 billion in 2021. Out of that, $1.2 billion was thanks to online gambling. According to experts, the number could have been much higher if gaming providers did not need provincial licenses to operate. The gambling industry in Canada is quite diverse, attracting investors worldwide. This remains among the main trends that point toward growing revenue moving forward. 

Demographics

Gambling is a popular activity among people of all ages in Canada. Online platforms saw a major influx of users as many land-based casinos faced temporary shutdowns in previous years. A report by Made in CA suggests that the highest proportion of gamblers is in the 35-54 age group. Younger citizens between the ages of 18 and 34 don’t gamble as much as the older population. 

There is no significant difference between the genders in terms of gambling participation. 63% of men report spending some money to gamble each month, while the number of women doing the same lies at 57%. As for which games are preferred by players, slot machines rank the highest among other classic titles. 

Role of Income in Shaping Gambling Behavior

According to various studies, income appears to impact gambling habits. People with higher incomes are more likely to participate in gambling activities, and they also tend to spend more money on gambling. However, it is worth noting that the proportion of users participating in gambling activities increases as income decreases. This likely happens due to the fact that those with lower incomes may see gambling as a way to try and improve their financial situation. Among the highest-income households, 71.5% reported having gambled in 2021-2022. On the other hand, 53.8% of those from the lowest-income households gambled during the same period. 

Average Spending

Made in CA states that the average Canadian spends $6.75 per month on gambling activities. 43% of gamblers spend between $1 and $20 each month while only 3% report wagering more than $100. This small group does not seem to be affected by gender, education, income, age, etc. 

Gambling Activity Preferences

Lottery and raffle tickets are the most popular forms of gambling among Canadians. Just over half of Canadians bought a lottery or raffle ticket in the past year, according to Statistics Canada. However, the popularity of other casino games and sports betting is also rising. According to Made in CA, the most popular games in land-based casinos are slot machines, blackjack, and poker. This makes sense as all the best online casinos offer hundreds of slot titles on their sites alongside variations of classic card games. 

Future Perspectives on the Canadian Casino Industry

Analytics Insight states that the Canadian online gambling industry is expected to continue its growth trajectory in the coming years. The industry will benefit from the increasing use of mobile devices and the growing popularity of esports. One reason for this is how technology is transforming the gambling industry online, with advancements like the blockchain, AR and VR, and highly immersive 3D software. The growing inclusion of live dealer games will also play a part. These offer users the most authentic gambling experience they can get while sitting at home. Another major factor is the adoption of cryptocurrency as a payment option. Crypto allows for instant transactions with low fees and provides a level of security and transparency other solutions don’t have. 

Summary

Predicting the future of gambling statistics in Canada is easy keeping in view the market’s trajectory in recent years. With a projected growth of up to $133.9 billion by 2028, the gambling sector is not slowing down any time soon. Virtual platforms are slowly overtaking land-based ones thanks to their convenience. That’s not to say that physical casinos will die out as they offer a more authentic experience. However, they must evolve in many ways to stay relevant for the younger generations. But whether one prefers a real casino or a web-based one, gambling in Canada is a lucrative business that’s on a constant rise as time goes on.