Canada’s sports betting rules were finally clarified early this year after years of confusion. As a result of the passage of Bill C-218, sportsbooks and internet operators now have the ability to serve Canadian consumers from all corners of the country.
The industry has grown tremendously since then. As could be expected, Ontario has been a pioneer in the online gambling industry, offering a plethora of choices to potential players. As the fifth-largest jurisdiction in the United States and Canada, Ontario, with its 15 million residents, is predicted to overtake New Jersey, Pennsylvania, and Michigan in the coming years.
What does the future hold for sports betting in Canada now that it is available in a more comprehensive format? Here’s a quick look at some of the most anticipated changes that will be taking place over the next year.
Customers have grown to expect sportsbooks to allow them to place wagers while on the go. It won’t be long until Canadians want their gambling provider to offer a genuinely mobile experience that allows them to place bets whenever, wherever, and on whatever they choose. Although sports betting on individual events is still a relative rarity for many Canadians.
For the most part, this demand can be met thanks to the existing infrastructure. There are an increasing number of sports betting applications in Canada, as bookmakers provide their consumers with 24/7 access to improved odds, real-time analytics, and special promos and bonuses. A growing number of Canadians will be betting on their smartphones in the months and years ahead because there is an app for just about anything these days. Using your laptops to wager is also a great way to do so safely. It is important to do some research about what laptops you can buy and whether or not they are vulnerable to facing Firmware-Based Attacks.
Since sports are such an important part of Canadian society, it should come as no surprise that Canadian betting sites are in such high demand. As always, it is recommended that users search for guide to sports betting in Canada just to be sure that they are not breaking any laws and that they are using trustworthy sites. If you’re looking for the finest Canadian sports betting sites, this article will help you find the greatest options for NHL, NBA, and CFL betting.
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Greater Competition
Even before the adoption of Bill C-218, international sports betting companies had already been operating in Canada. Prior to this summer, the practice was not only not legal, but it was also not strongly prohibited. Numerous international sportsbooks took advantage of this grey area, and it has been estimated that billions of dollars were sent to them each year.
Since domestic operators can now legally engage in the technique, the floodgates should be opened to a slew of new choices. Early adopters and well-known industry names jumped on board quickly, but as time passes, more and more competitors will emerge. Players will benefit from the increased competition by having greater access to more lucrative incentives and superior markets.
Booming Popularity
An increase in rivalry among service providers is anticipated to occur, as is a corresponding rise in demand. Deloitte Canada, for example, predicted that the business will be worth $28 billion in just five years. That’s quite a dramatic shift, given that it isn’t expected to top $1 billion in its first year of operation.
As a result, players may expect to see more advertising and endorsements for sports betting in the future. It is a win-win situation for everyone involved when teams and sportsmen work together to raise the profile of the sport. Even the government stands to benefit from a substantial revenue stream, which might be reinvested in other policy areas.
Technological Advances
The incorporation of technological advancements into the sports betting experience is another fascinating option. When it comes to watching their favorite sporting events, fans are already able to do so via live streams, along with real-time commentary and betting chances. To be sure, there’s no telling what’s yet to come in terms of technological advancements and sports betting, but one thing is for certain:
Virtual reality (VR) and augmented reality (AR) have the potential to become a major part of sportsbooks in the future. Imagine if you could watch a sporting event in 3D from the comfort of your own home as if you were actually there. It may appear as if such a technological breakthrough is a long way off, yet identical software is currently widely used in the gaming industry. Sports fandom across Canada would change radically if this technology could be used to live sporting events. In 2022, keep an eye on this space for updates on anticipated VR and AR breakthroughs.
Despite the fact that sports betting is still in its infancy in Canada, punters, operators, and regulators alike have already taken notice of the phenomenon. Higher-income and more investors are likely to result as the practice spreads, which might make for some interesting times ahead as it becomes increasingly common.
