How the Online Gambling Market in Canada is Increasing
According to statistics, in 1992, Canadian governments amassed $2.73 billion in revenue from lotteries, slot machines and non-casino slots – fast forward to 20017 and Canada’s gambling industry raked in $17.3 billion – but what is the reason for the sharp rise in revenue? The gambling industry in Canada grew by 4.9% in 2017, with Ontario contributing almost half of that sum. Despite the rapid growth, Canadian online casinos are still trailing behind the US, but increased growth is expected for the upcoming financial year.
Latest advances in technology mean that Canadian casino players can enjoy a substantial range of casino games online, and with the introduction of HTML5 technology means players can play casino games from any mobile or tablet device with an internet connection! Software platforms are the engine that drives the online casino industry, without them, casinos would flop like a jelly on a counter.
Through a combination of regulation, innovation and promotion, the UK, Australia and Canada have emerged as gambling kings and they’ve remained at the forefront of the iGaming industry ever since launching. The rise in the number of online casinos accepting Canadian residents is also on the increase, which will boost the revenue figures.
Popular software providers are;
Microgaming: An award-winning software provider which was founded in 1994. A decade later they introduced mobile casino technology. Their progressive jackpot network is the largest in the world, having paid out more than €848 million to date. In 2015, it set the Guinness World Records title for the largest jackpot payout in an online slot machine game when a Betway UK player won the GBP equivalent of €17,879,645.12 from a 25p spin!
NetEnt: A leading provider of premium gaming solutions to the world’s most successful online casino operators. Founded in 1996 the company has gone from strength to strength with their gaming systems handling over 41.2 billion gaming transactions in 2017.
Playtech: Since Playtech's inception in 1999, it has offices in more than 17 countries, has more than 140 global licences in 20 regulated jurisdictions, with 5,000 employees.
Real Time Gaming: Established in 1998, RTG specialises in table games and video slots for the online gambling market. The company was established in Atlanta, Georgia, but later moved to Costa Rica in 2007. The company was bought by Hastings International, Curacao; managed by a corporate provider known as HBM Group.