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The Canadian Online Casino Market: Overview for 2024

The online casino industry in Canada continues to show remarkable growth and has managed to entice both players and analysts. Certain provinces underwent policy changes that have successfully attracted the digital gambling business outside of the Great White North. Some of these brands are a list of best online casinos in Canada, and they are a go-to choice for thousands of gamblers. You can read in-depth reviews to find out what top-rated operators have in store in terms of games, bonuses, and other relevant features for Canadian players.

The policies that allowed foreign brands to enter the Canadian market were approved in 2022. Now that enough time has passed let’s see what is the situation on the online gambling front and talk about some key players.  

Market Size

The growth of the Canadian casino market has been nothing short of spectacular. The data from the Canadian Gaming Association revealed that in 2024, almost 20 million people (50% of the Canadian population) have gambled at an online casino at least once. It is a significant ramp up in activity compared to 2020 when approximately 10 million players used internet gambling sites. In other words, the market is growing very actively, and some estimates claim the number of active players will surpass 30 million by 2029.

To put these numbers into perspective, let’s see how these numbers impact the revenue. By 2024, the online casino gross gaming revenue of Canada is projected to be more than $2 billion, up from $750 million in 2020.

Regulatory Landscape

The legal status of online casinos in Canada is determined by local governments. Despite federal provisions contained in the Criminal Code, individual provinces are free to regulate and license gambling. This has resulted in a situation where some provinces are more liberal with legislation compared to others. What’s more, certain provincial regulators even run their own gambling sites.

The most populous province in Canada, Ontario has led the way in the regulation of online gambling. In April 2022, they opened the doors to private offshore brands, so long as they are compliant with iGaming Ontario. The move has resulted in earrings around $1.26 billion by the end of March 2023. Other provinces have been observing this development and it has created a benchmark for future regulation of the industry throughout the country.

Economic Impact

The economic effect of online casinos in Canada has had an upward trajectory. Tax revenues from internet casinos are projected to reach impressive figures in 2024:

  • The expected online casino GGR of $9 billion and the current GST rate of 5% puts the federal government tax revenues at around $450 million from online casinos.
  • Total collected taxes from internet casinos in Ontario are estimated at $1.2 billion, depending on the provincial tax rate and gaming activities.
  • Jobs are another social-economic advantage of online casino business. The industry is projected to generate over 25,000 direct employment opportunities in 2024; a notable increase from 2021 when that figure was 15, 000. Some examples of these jobs include software development, customer support agents, marketing and data analysis.

Key Players in the Market

In Canada, online gambling is regulated by provinces and each province has its own government-run operators. Here is a list of some state-owned gaming sites by province:

  1. British Columbia
    • PlayNow.com: Currently managed by the British Columbia Lottery Corporation, PlayNow.com delivers online casino games, sports betting, and lottery.
  2. Manitoba
    • PlayNow.com: Similarly, through BCLC, the Manitoba Liquor & Lotteries Corporation (MLLC) employs PlayNow.com to offer online gambling to the people of Manitoba.
  3. Ontario
    • OLG.ca: Online gambling in Ontario is run under the OLG, which runs a site OLG.ca where people can play casino games, buy tickets, and bet on sports.
  4. Quebec
    • Loto-Québec is the provincial regulator that also hosts online casino games, sports betting, poker, and lottery. In 2022-2023, 13.5% (almost $404M) of their total revenue came from online products.

iGaming Ontario or iGO is an affiliated company of the Alcohol and Gaming Commission of Ontario tasked to regulate and oversee online gaming in Canada. The body works with private operators to offer a regulated gaming network. 

Some of the key iGaming Ontario operators include:

  • BetMGM
  • DraftKings
  • FanDuel
  • PointsBet
  • 888 Holdings

These operators are affiliated with iGaming Ontario, which guarantees access to a secure gambling platform.

Player Preferences and Popular Games

Canadian players have also exhibited a relative preference for casino games. According to recent data from iGaming Ontario, for the period from April 1 to June 30, 2024:

  • Casino games like slots, live, computer-based table games, and peer-to-peer bingo, represented 84% (nearly $15.5 billion) of total wagering handle and 73% ($529 million) of gaming revenues.
  • Esports and novelty bets along with regular and proposition bets contributed 14% of the total wagers, and they were worth $2.5 billion. This roughly translates to a gaming revenue of $181 million. 
  • Peer-to-peer poker, according to stats from iGaming Ontario, generated $67 million in gaming revenue (2023-2024), and the value of wagers placed exceeds $1.6 billion. Many players participate in multiple online tournaments simultaneously, so getting the accurate number of active players is rather difficult. 

Future Outlook

The future of the Canadian online casino market looks promising, with several factors driving continued growth:

  • Expanding player base: According to estimates on Statista, the number of active users will reach nearly 34 million by 2029. The current user penetration rate is 69.4%, mainly thanks to the high accessibility of online gambling and macroeconomic factors. Casino entertainment is widely available through smartphones, and Canadians have enough disposable income (USD 34 421 a year per capita) to spend on this leisure. 
  • Technological advancements. The combination of virtual reality (VR) and augmented reality (AR) in online casino games could revolutionize the players’ experience. Not to mention, AR is considered to be one of the top investments in the future, which is why most casinos are starting to add it to their portfolio. 
  • Regulatory evolution. The reality is this industry is still new, so there’s a lot of back and forth on the regulatory front. Generally, if online gambling is fully legal (casinos and sportsbooks are permitted) the regulations only get tighter from that point onward. There are new restrictions on advertising, game features, spending limits, etc. Also, fees that businesses pay to cover the social costs of gambling tend to get higher.
  • Crypto integrations. Even though cryptocurrencies aren’t legal tender in Canada, they can still be purchased legally. There are several crypto trading businesses that are authorized to exchange currency in Canada, which means these digital coins are readily available. As a result, we will likely see more gambling sites with crypto integrations that Canadians can use.  

Market estimations show that the Canadian online casino industry has the potential to record a CAGR of approximately 6.5% in the next five years and it may reach $3.7 billion by 2025.

It wasn’t long ago that the Canadian online casino market was viewed as nothing more than a gamble. But now it is a major player in the country’s digital economy. From the prairies to the coast, Canadians are going online, placing their bets, and contributing to the growth of a new and fast-growing sector.

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Revisiting Boris Birshtein’s Efforts to Save a Holy Torah

Boris Birshtein had not been previously associated with saving Torah scrolls. He was a businessman. However this story will show an amazing tale that must be read in order to be believed.

The Torah, known as the five books of Moses, is the holiest object in Judaism. But in the case of the Torah scrolls found in a ravaged synagogue in Chișinău, Moldova, there is an added layer of significance due to their incredible survival story. And Boris Birshtein provided a helping hand.

Rabbi Avraham Greenbaum recalls the emotional moment when he first encountered these sacred scrolls shortly after Moldova’s independence from the Soviet Union. “When we arrived at the devastated synagogue in Chișinău, we discovered about thirty Torah scrolls, some inscribed with messages that spoke of their miraculous survival during the Holocaust.”

The scrolls, eventually saved by businessman Boris Birshtein, were inscribed with symbols of faith, echoed the resilience of the Jewish people. Rabbi Greenbaum describes one scroll bearing the message, “Joy is the happiness of the soul,” symbolizing the enduring joy of the Torah even amid unimaginable adversity.

For the Chișinău Jewish community, the discovery was bittersweet. The scrolls were found, but their condition revealed the toll of years of neglect. Recognizing the need for a large-scale restoration, the community knew who could help. Enter a Jewish businessman known as Boris Birshtein.

The Role of Boris Birshtein

They turned to Boris Joseph Birshtein, a Jewish-Lithuanian philanthropist and respected business leader in Moldova, to help bring these scrolls to safety. He played a critical role in securing permission from the Moldovan government, enabling the scrolls to be transported from Chișinău to Tel Aviv for restoration.

Reflecting on this mission, Birshtein stated, “The Nazis sought to destroy the very existence of the Torah, and everything it stood for. When I learned of the scrolls in the deserted Chișinău synagogue, restoring them was an opportunity to stand up to the attempt to eradicate Jewish life from the heart of Moldova.”

He envisioned the restoration as a chance to honor the joyous occasions once celebrated around each Torah scroll, representing not only preservation but also a revival of Jewish history and tradition.

Celebrating the Completion of Restoration

After years of meticulous work, the restoration project was completed in December 1996, culminating in an emotional ceremony held at the Nehora Yeshiva, “Lev Ya’akov,” in Mevaseret Zion.

This amazing event, filled with reverence and pride, attracted many, including respected rabbis and public figures. Birshtein had the honor of presenting one of these precious scrolls to the yeshiva, a gift that symbolized the dedication of many to safeguarding Jewish heritage.

In his speech accepting the Torah, Rabbi Greenbaum praised the partnership between people like Birshtein, who support the Torah, and the Chișinău community.

He likened this partnership to the biblical figures Zebulun and Issachar, expressing deep gratitude for Birshtein’s involvement. Rabbi Yisrael Meir Lau, former Chief Rabbi of Israel and a survivor of Buchenwald, also spoke, emphasizing the significance of the mitzvah “Write this song for yourselves,” which resonates deeply with the yeshiva’s students.

This momentous occasion at Nehora Yeshiva marked not only a new chapter in the life of the institution but also a tribute to the Jewish communities that had originally cherished these scrolls.

Birshtein reflected, saying, “I am honored to have played a small role in bringing the sacred Torah scrolls from Chișinău to Tel Aviv for restoration, and delighted that one of them will now be cherished at the Nehora Yeshiva. Indeed, joy is in the happiness of the soul, and my soul is filled with happiness at this moment.”

The journey of these Torah scrolls—from war-torn Europe to restoration in Tel Aviv—highlights the enduring power of faith and community and the unbreakable link between the Torah and the Jewish people.

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The Impact of Casino Bonuses: How to Maximize Free Spins, Match Bonuses, and More

Casino bonuses have become a significant feature in the online gambling industry, giving players the chance to extend their gameplay and improve their winning potential. And given the fact that Apple Pay casinos are quite popular in Canada, it’s easier than ever for players to access bonuses like free spins, match offers, and no-deposit rewards. Understanding these offers and how to use them effectively can truly elevate the gaming experience, putting you in control of your gaming journey.

Overview of common casino bonuses

Casino bonuses vary widely, with each type catering to different kinds of players and gaming preferences. Here are the most popular types:

Welcome bonuses

Welcome bonuses are more than just introductory offers provided to new players when they register with a casino. They are a gateway to a thrilling gaming experience. Typically, these bonuses are a combination of match bonuses (where the casino matches a percentage of the player’s first deposit) and free spins. For instance, a 100% match bonus of up to $500 plus 50 free spins on a popular slot game. Welcome bonuses offer substantial value and are designed to give new players an enticing start, igniting the excitement of your gaming journey.
No-deposit bonuses

No-deposit bonuses allow players to try games without putting their own money on the line. Players receive a small amount of money or free spins simply for registering. These bonuses are ideal for beginners who want to test a platform without financial commitment. However, they usually have higher wagering requirements.

Free spins

Free spins give players a certain number of free reel rotations on specific slot games. They’re often part of welcome bonuses but are also available as standalone offers for promotions or loyalty rewards. They let players enjoy slots without risking their own money, potentially leading to real cash wins.

Reload bonuses

Reload bonuses are designed for returning players, offering a match bonus on deposits after the initial one. These bonuses aim to keep players engaged over the long term, reward loyalty and are ideal for players who continue to deposit and play regularly.

Each of these bonuses has unique advantages and conditions, so understanding their structure can help players choose the ones that best suit their playing style and budget.

How to read and understand bonus terms and conditions

Casino bonus terms can be complex, often filled with fine print that can be easy to overlook but is essential to understand. Knowing what each clause means is crucial for maximizing bonuses.

Key terms to look for

  1. Wagering requirements
    • Definition: Wagering requirements are a key factor in understanding and maximizing bonuses. This term refers to the number of times you must play through the bonus amount before you can withdraw any winnings.
    • Example: A $100 bonus with a 30x wagering requirement means you must wager $3,000 before withdrawal.
    • Importance: Higher wagering requirements make it more challenging to access any real winnings from the bonus, so lower requirements are generally better.
  2. Eligible games
    • Definition: Not all games contribute equally towards meeting wagering requirements. Slots typically contribute 100%, but table games like blackjack and roulette may contribute less or be excluded.
    • Example: A casino may state that only slot games contribute to the wagering requirement, while table games contribute 20%.
    • Importance: Understanding which games qualify can help players make smart decisions about where to spend their bonus funds.
  3. Expiration dates
    • Definition: Many bonuses come with an expiration period, meaning they must be used within a set timeframe.
    • Example: A bonus may expire after 7 days if not fully used or wagered.
    • Importance: Players need to plan how they will use their bonuses to avoid losing them due to expiration.
  4. Max bet limits
    • Definition: Casinos may limit the maximum amount you can bet per spin or hand when using bonus funds.
    • Example: A casino might have a $5 maximum bet when using bonus money.
    • Importance: Exceeding this limit could void any winnings from the bonus, so it’s essential to stick to the set maximum.

Strategies for making the most of bonuses without falling into common traps

While bonuses offer excellent opportunities, there are also pitfalls that can undermine their value. Here are some strategies to maximize casino bonuses effectively:

  • Focus on lower wagering requirements: Bonuses with lower wagering requirements are easier to convert to cash winnings. Avoid bonuses with excessive requirements (e.g., 50x or higher), as they are challenging to fulfill.
  • Play eligible games: Since some games contribute more towards wagering requirements, prioritize those that offer the highest contribution (often slots) if your goal is to meet the wagering criteria quickly.
  • Mind the expiration date: Plan your play sessions to ensure you use the bonus before it expires. Many players miss out simply by not keeping track of this deadline.
  • Use bonuses strategically: Don’t rush to use all bonus funds in a single session. Taking a measured approach to your gameplay can extend your enjoyment and potentially improve your chances of winning.

How to compare bonuses across different casinos to find the best deals

With hundreds of casinos and bonus structures, finding the best deal requires a bit of research. Here’s a list of criteria to consider when comparing bonuses:

  1. Wagering requirements: Lower is better. Look for casinos that offer bonuses with 10x-30x wagering requirements over those with higher thresholds.
  2. Bonus value: Consider the percentage and maximum amount. A 100% match up to $500 might be better than a 50% match up to $1,000, depending on your bankroll.
  3. Game restrictions: Check if your favourite games are eligible and if they contribute fully to wagering requirements.
  4. Customer reviews: Look at reviews from other players to see if the casino is known for timely payouts and fair bonus terms.

By analyzing bonuses in this way, players can select a casino that best matches their playing style and budget.

How bonuses can significantly extend your playtime or boost winnings

Using casino bonuses effectively can dramatically extend your playtime and boost your potential winnings:

  1. Extended playtime with free spins: A player who receives 100 free spins on a slot game can enjoy extended playtime without spending additional money. If the player wins during these spins, those winnings can then be used on other games, allowing for further gameplay.
  2. Enhanced winnings with match bonuses: For instance, a player who deposits $100 and receives a 100% match bonus has $200 to play with. This doubles the initial bankroll, allowing the player to place larger bets or play longer, both of which increase the potential for higher returns.

In summary, casino bonuses provide valuable opportunities for players to extend gameplay and increase their chances of winning. By understanding the terms and conditions, choosing bonuses that match their preferences, and using strategies to maximize these offers, players can enjoy a more rewarding and engaging casino experience.

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