Gambling in Canada has become a multi-billion-dollar industry in recent years, with the most recent estimates projecting revenues of $12.54 billion CAD in 2021. A significant chunk of that turnover is generated by the online casino sector, which offers patrons the same excitement of visiting a brick-and-mortar establishment from the comfort of their own homes.
Indeed, technological developments in the world of online gambling, such as the advent of live casinos and video slots, have made playing online even more fun than in person in a variety of ways. It’s highly likely the industry will continue to innovate going forwards, as it seeks to build upon the current momentum and offer its fans new and enticing experiences to keep them engaged. With that in mind, what can we expect from online casinos in the coming years?
More Canadian casinos
In comparison to their American counterparts south of the border, Canadian lawmakers have traditionally employed more lenient attitudes towards gambling than those in the US. This has allowed sites such as https://www.wildz.com/ca/ to establish a strong foothold in the industry and forge a reputation for delivering the best and most engaging games available anywhere online.
Their success is sure to entice others keen to sample a piece of the gambling pie. As such, it’s likely that the market for Canadian casinos will only become more competitive in the future, offering consumers a greater range of options. What’s more, it’s also highly possible that these operators will seek to lure punters onto their site through ever-more attractive bonuses and promotions, spelling out a big win for gambling aficionados.
The aforementioned live casino offerings have helped the online industry to replicate some of the prestige and grandeur of visiting a land-based establishment via their live streams of real dealers and croupiers. However, it’s still not quite the same as the real thing – which is where virtual reality (VR) could come into its own.
Although VR first broke through into the mainstream in the early 1990s, the visuals were crude and the entire experience disappointing. Thanks to the advance of technology in the interim, VR these days is a whole different ball game and has enjoyed something of a resurgence of late. Applied to the online gambling industry, it could allow consumers to stroll around the casino floor and interact with their fellow gamblers in 3D – all from their own sofa.
This is a development that is already evident in a handful of online casinos, but the advantages of decentralized currency are likely to make it more prevalent in the next decade. Cryptocurrencies are infallibly reliable and extremely secure, with hackers having no chance of accessing the sensitive info contained in individual transactions.
For that reason, crypto payments are a perfect fit for the online casino industry. What’s more, the anonymity and privacy they afford can help to safeguard the identity of individual players, while the lightning-quick speed of their transactions and the low overheads they entail could provide further reasons for a punter to sign up to a site.
Without a crystal ball, it’s impossible to predict what the future holds – but the online casino industry has never been one for resting on its laurels and it’s likely that the above developments are just some of the goodies in store for gambling enthusiasts.