Canada’s history of gambling is long and intriguing, and the first official and authorized method of gambling started in 1969.
The online gambling industry of Canada is a huge business nowadays, and it’s estimated that the annual money allocated on gambling is over $5 billion.
Gambling online is a win-win situation for both players and casino owners, as players can enjoy gambling from any place and at any time, while the casino owners don’t have to fret about spending immense amounts of money on managing a brick and mortar casino.
Because of the increased popularity of online gambling in Canada, today there are countless online casino websites.
So before determining which one you will use and where you will spend your money, it’s essential to recognize the genuine website from fraudulent ones.
Luckily, websites like Casino Bros are made to help people analyze all the different online casino websites, with rating and review systems, and you can check it out here.
If you are living in Canada or visiting it, and you would like to gamble online, there are things to need to know before doing so.
That is why we have picked some hints for anyone interested.
Is it legal?
In a nutshell – yes, it is legal to play online casino games in Canada.
But(there is always “but”), the government of Canada will not issue a license for online casinos on its territory, and of course, running an online casino business without a license is very illegal.
But that shouldn’t concern any player, since there are over 100 Canadian online casinos that are legal and licensed.
Running an online casino in Canada
Since you are probably wondering how it is possible that Canada has so many online casinos when its government doesn’t grant online casino licenses, we are here to explain everything.
Long story short, some of the Canadian online casino owners are turning to offshore countries, such as Malta, the UK, or British Overseas Territories which makes running online casinos achievable, without violating any laws.
The preponderance of other casino owners is setting their servers in Kahnawake, which is a territory in Canada where the Kahnawake Mohawks have jurisdiction over betting and gambling laws and regulations, among many other jurisdictions.
What about taxes?
When it comes to taxes, players won’t get taxed if they win at Canadian online casinos.
This doesn’t apply to professional players whose primary source of income is gambling, as they are taxed.
What are the available online casino games?
Unlike in the USA where some games cannot be played in certain states, Canadian gambling laws allows you to play all sorts of casino games, as long as your casino is licensed for them.
So again, this shouldn’t concern players, and they should instead be focused on finding a reliable and trustworthy online casino.
Bonuses?
Just like pretty much everyone else, Canadian online casinos offer various bonuses, such as free spins or extra amounts on the first deposit.
It’s imperative to examine all the terms and conditions about bonuses, as some of the bonuses can be inconvenient and unsatisfactory.
Payment options
The majority of top-notch casinos offer various ways to deposit and withdraw money.
The minimal deposit is usually around $10 and without fees, but just in case, it’s good to check out to confirm.
The most accepted ways of payment are:
- Visa
- MasterCard
- PayPal
- Skrill
- Paysafe
- iDEBIT
- Wire Transfer
An increasing number of Canadian online casinos accept cryptocurrencies as alternative methods of payment, as they are growing in popularity.
Summing-up
For now, generally speaking, online gambling in Canada is in the grey area.
Running an online casino offshore offers the same premium gambling experience to players as online casinos in other countries, as there are various games, bonuses, loyalty perks, and such.
However, both players and casino owners are hoping that the government will pass a new law to regulate online casinos in Canada, that would benefit everyone.
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