By the end of 2020, the stock markets reviewed the gambling market to understand where the industry will be going. The current figures also help casinos predict and create budgets for the entire next year. The global market sees real changes in the growth of the industry-makers. We also did research on what gambling operators are on the rise at the moment. In other words, which online casinos are growing their revenue. Thus, they will be very profitable as far as the stock market is concerned.
Canadian Online Casinos to Join in 2021
We’ve compiled a list of online casinos that will be booming in 2021. We recommend trying them and sticking with them for at least some time. They will surely bring a lot of profit to their players. The main factor why these casinos will be on the rise is that they follow new technologies. For example, LeoVegas offers to play only bonus rounds in games from NetEnt. And online casinos such as 7Bit, BitStarz, and Katsubet allow payments in cryptocurrency.
To learn more about the recommended gambling sites, visit our Casino Reviews page to read the reviews. There we give you full information and recommendations regarding the casinos, their welcome bonuses, and games.
Online Gambling Industry
Although for many other industries the previous year was not promising, and 2021 will probably not bring big changes, the gambling market has seen considerable growth so far.
Sure, online gambling has been way more popular than offline gambling with the restrictions and closures of land-based casinos. Still, some representatives of brick-and-mortar casinos have managed to develop their businesses in an online environment. And those who are already online have improved their current positions, whereas new online casino sites also earned their place in the sun.
Online casinos are expected to replace land-based casinos even after the pandemic ends. The fact is that players are already used to play from the comfort of their homes. First of all, it is convenient and time-saving. Besides, online gambling is accessible from anywhere you are: you can play from home, and you can play on the go using your phone. We doubt that after all these conveniences, players will get back to the brick-and-mortar venues.
Sports Betting in Canada
Over the last year, the sports industry including betting on sports was quite disrupted. All major sports events were delayed or canceled for more than a year due to the worldwide pandemic. Bookmakers couldn’t do anything but sit and wait till everything gets back. Of course, their revenue dropped significantly, though today it’s coming back to normal again. Sports events are now held with the necessary self-safety measures that allow people to watch sports and place bets.
Aside from the pandemic issue, Canadians can finally celebrate the positive changes in sports betting legislation. The private member’s Bill C-218 that supports single event sports betting was scheduled to be examined in the Justice Committee on February 23 and 25, 2021. Though the final submissions and amendments to the Bill will be introduced to Supreme Court on March 11 and 23, 2021. And if Bill C-218 is finally enacted in the Canadian legislation, the provincial regulators will determine how to implement single-event sports betting and arrange its further regulation. It is expected to be no sooner than in August. So, we just need to sit and wait for this crucial moment when Canadian government will legalize sports betting.
Digital Gambling
As we’ve mentioned, many brick-and-mortar venues turned online which was a great move for survival in 2020 and later. New gambling businesses have also made a huge step forward right in the midst of online casino popularity. Digitalization was a smart decision for many businesses that could quickly adapt to the worldwide changes. And speaking of online gambling, we expect it continue to grow from this point.
Virtual Reality
However, gambling can still go further and offer new gaming solutions and ideas. Recently, the idea of virtual reality gambling has come so far that gaming providers are almost conquering each other to invent the first-ever VR game available to everyone from the comfort of their homes.
It can be difficult from the technical point of view but the best and smartest minds are already working on implementing the technology in everyday life. Considering that the gambling market in Canada is now one of the biggest in the world, Canadian players can expect the changes already in 2021 or on the verge of 2022.
It is a very promising idea to turn online gambling into a virtual reality experience. And we expect this innovation from live casino game developers as their practice is the closest to VR gambling. However, to play VR casino games, players will also need to have the necessary equipment. First of all, it is the VR glasses and a special room. For now, no one can really tell how this technology will be implemented in the real life, but it is interesting to watch.
0% House Edge Casinos
Although there’s just been a shift from land-based casinos to gambling sites, the technology doesn’t stop there. The idea of creating a new type of casino with a 0% house edge is something unbelievable. It hasn’t yet fully established itself on the gambling market, but it may surely do over the next few years.
Just like the crypto casinos that were underrated just a while ago, another type of casino is fully decentralized due to the use of blockchain. It also employs the technology of smart contracts that replaces house edge. So, instead of playing against the casino, players compete with each other. In a decentralized casino, players can bet and win only cryptocurrency. To learn more about the blockchain zero house edge casino, visit our gambling blog.
Crypto Casinos
Decentralized casinos may not be yet available in Canada, but pretty soon Canadians will be able to try it out. For now, the gambling market offers crypto online casinos like 7Bit casino which also provide BTC games and cryptocurrency payment options. The best part of playing at bitcoin casinos is that players can withdraw without verification of their accounts.
Crypto casino sites have many advantages about which more and more players get to know. They start from no registration and huge bonus offers and finish at easy withdrawals without documents. You can try out crypto gambling sites by yourself. To choose the best bitcoin casino, read our gambling blog.
Benefits of Online Gambling in Canada
Some people may still mistrust online casino sites. But there are players who loved them from the first sight. And there is nothing terrible in online gambling for real money, provided you play at a licensed casino. These are the benefits of playing casino games online in Canada:
- Playing games online doesn’t require you to stick to a certain place. You can gamble from home, or you can gamble on your mobile device. Just make sure you have a stable internet connection. No need to dress up and travel to the nearest gambling venue.
- Easy payments. You can make a deposit using your online bank or another payment service and in an instant play games. Withdrawals will take a bit longer, and probably, you will need to send documents for verification. But as soon as you make everything right, your funds will appear on your bank account.
- No taxes. In general, winnings from gambling in Canada aren’t subject to taxes. This means you can play online as long as you want and still be free of taxes. Regardless of the size of the win, your money is completely yours.
Closing Thoughts
The future of online gambling is very promising at least because online services are now on the rise. Everything that you can do from home or remotely is now very popular. Desktops and mobile devices have become the best friends of Canadians over the last year. In 2021, this online popularization will still be growing. And we are sure that many gamblers will move their interest towards online casinos. If you want to follow the trends, join the best online casinos in Canada. And remember to read our gambling blog.
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