One of the most popular pastimes that Canadians like to do in their spare time is to gamble. There are thousands of Canadian online casinos available to cater for demand and the trend of more operators setting up shop here looks likely to continue. Unlike neighboring country the USA, the Canada Government have stayed clear from making it illegal and have even sponsored some gambling based websites.
If you are going to be gambling in Canada there are a number of things you should know first. Each province has its own gambling laws so you will need to check the provinces that you are located in to find out the full details. The first Canadian land-based casino opens its doors back in 1989 located in Winnipeg and since then many others have set up shop. You will find many located in Nova Scotia, Saskatchewan, Ontario, Quebec, and Manitoba.
The Canadian Government believes in letting individuals if they want to gamble or not rather than making it illegal. They are fully involved and use the revenues generated to gives to religious, charity and Government programs. One of the largest successes has been lottery terminals which generate millions each year for the Government.
The gaming industry is regulated by the Canadian Gaming Commission and it is their job to oversee all of the operations in Canada. They are in charge of dealing with serious issues along with providing information. Each individual provinces has its own laws for sports betting, online gambling and casinos which are enacted along with enforcing.
It is estimated that during 2018 that over 70% of the population will gamble during the year with most taking part in the lottery at some point. Due to the fact that the marketplace is fully regulated and legal, it has encouraged players to use operators based in Canada instead of international operators.
Tax laws for gambling in Canada depend on a number of different factors such as if it is the player's primary residence along with if they are playing recreationally or professionally. Each of the provinces has different tax codes so it is vital to speak with an account to make sure you pay the correct amount.
With gambling laws becoming more favorable in the USA it will add to more competition which can only be a good thing for players. At the moment the trend shows millions of Americans use Canadian online casinos and sports betting sites to attempt to get around laws along with restriction. If those barriers go away it will mean that US Gamblers can finally access sites from their own country which should give them greater protection. It will also help to generate billions in revenue each year which could be used for good causes in the US if states implement new laws allowing it to become legal.
Canada is one of the best places to live if you enjoy gambling. With its friendly laws towards betting it means that players will not get in trouble for placing a bet. The US is a long way behind but with the recent regulation changes, it could start taking a big slice of the gambling revenue pie during the years ahead.