Canada is Experiencing a Meteoric Rise as a Worldwide Gambling Destination

Overall, the iGaming industry in Canada has grown so much that the market projection for 2023 is more than US$840 billion

Canada’s gaming market has experienced a remarkable surge in the last couple of years. Projections indicate that the future is promising too. The current trajectory shows an annual growth rate of 8.6% until 2027 which will result in a projected market volume of $7.25 billion by 2027. The number of people who play video games is set to reach 14.3 million by 2027 also. These impressive figures just show how much growing enthusiasm there is for online gaming, and how this is going to contribute to the global landscape.

toronto gaming capital

Canada Gaming is Moving Online

Canada’s gaming journey began in the same way as any other nation. Traditional video gaming and consoles started the trend but the last decade or so has seen a monumental shift to online mobile gaming. This is being driven by several technological advancements, as well as changing consumer preferences. It led to the development of live casino table games, online roulette and baccarat. Since then, Canadians have had access to a range of games that can be played on almost any device. They can play by using a phone on the go or sitting at home with a desktop computer. The sheer scope and accessibility of casino games, when combined with the fact that Toronto is a leading developer of online games, has helped to cement Canada’s legacy as one of the top gambling destinations in the world. Although the gaming development market has helped Canada’s rising tourism and worldwide fame, the traditional casino scene also has a big part to play.

landscape of canada buildings

Canada’s Traditional Casino Scene Has Played a Huge Part

Canada isn’t just known for having a strong online casino market, it also boasts hundreds of casinos across various provinces and territories. One of the most famous destinations in Canada is the Niagara Fallsview Casino Resort. This is a must-visit destination with over 3,000 slot machines and 130 table games. New developments are constantly surfacing within the country, which is helping to draw worldwide tourism. Tourism is set to be a crucial factor when it comes to driving the casino sector.

The US market is Canada’s biggest opportunity, and growth accelerated in 2023. Spending by US travelers in Canada is set to reach 112% of 2019’s levels, and in addition to this, US visitors and international arrivals are also on the rise. The boom in international travel, when combined with the strong growth of domestic tourism within the industry is setting a robust foundation for the casino sector. It’s also helping to bolster growth in ways that surpass expectations, which is great for the country and the residents who call it home.

Notable Developments in Canada’s Casino Market

One notable development in Canada would be the Great Canadian Casino Resort Toronto, which is Canada’s largest destination casino resort. It’s adjacent to the Woodbine Racetrack and offers 328,000 square feet of gaming space, with 4,800 slot machines and 145 table games. This makes it one of the largest working casinos in North America.

Developments such as this aren’t just great for the public, they are architectural marvels, with extensive gaming spaces that continue to push the boundaries of traditional gambling. Canada is cementing itself as being a gambling hub and the potential for the future is great. More investments are being made in Canada’s sports and entertainment industry and for a very good reason. The economic effects are felt across the country and it’s paving the way for new and exciting opportunities for those in the area.

With the opening of the Great Casino Resort Toronto and even more developments in the pipeline, it would not be surprising to see current predictions for 2025 onwards be surpassed. Canada’s meteoric rise as a worldwide gambling destination is becoming evident, and it’s only going to get bigger and better from here.

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