The online gambling market has significantly grown over the past few years. Two countries that have noticed a rising trend in online gaming are the US and Canada. Only select states allow legal online gambling. Meanwhile, legitimate online casinos can be accessed from any province in Canada.
We sat down with gambling expert Kris Olson from CasinoRIX and he explained the differences in online casino regulations between the two countries. Keep reading to discover what you need to know about using online casinos from Canada and the US.
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Canada has been a key player in the growth of the online gambling industry. While the nation is lenient with online casinos, there are regulations to create a safe environment for users. This controlled market means that operators need to navigate the license and regulation process to be approved to operate in Canada.
While navigating the process can be time-consuming for online casino operators, it’s well worth it. Especially for brands that feature sports betting. CasinoRIX specialists revealed more about Ontario real money gambling trends, noting that the high-quality sportsbooks are appealing to the huge number of sports fans in the province.
All of the gambling laws in the nation are shaped by the Criminal Code of Canada. But it’s important for operators to become familiar with legislation in each province. For example, Ontario has its own regulated gambling market. All activity is overseen by AGCO (Alcohol and Gaming Commission of Ontario). Operators must have a valid AGCO license to provide services in ON.
British Columbia has adopted a similar approach. Gambling activities are regulated by the Gaming Policy and Enforcement Branch. This is done to ensure all operators offering gambling services meet specific standards.
Legal online casinos can only be accessed from specific states in the US. This is because online gambling is regulated by individual states. Each state has it’s own set of regulations, and in some states online gambling isn’t legal. This landscape is even more complex for operators to navigate than in Canada.
These rules go back to 1961 when the Wire Act was legislated. This prevented gambling operators from allowing in-state wagering. Since there isn’t a federal framework for operators to follow, challenges arise for obtaining licenses in every state. In order to provide services, online casinos must comply with multiple jurisdictions. This leads to growth across the US becoming more complicated than in Canada.
When people use online casinos, they will need to do so on a state-by-state basis. If one operators is available in multiple states, players will need to become familiar with specific state regulations. While they will be able to use their current online casino account when travelling to different states, certain features and settings may be different.
The different regulations in each state have affected the growth of the industry in the US. Michigan, New Jersey, and Pennsylvania have been key players. These states have experienced the largest rise in the online gambling market since it became legalized. They have earned billions of dollars in revenue, showing how much potential this industry has on the economy.
Online gambling is strictly regulated in both Canada and the US. This means that players can have peace of mind using licensed online casinos knowing that security are a priority. These regulations ensure that users are protected when they provide personal information and make transactions with the casino platform. While there are different rules and regulations for Canada vs the US, these rules affect the operators more than the players.
This wraps up our comparison of online casinos in Canada vs the US. CasinoRIX advised us that these regulations are set for player protection and to ensure fairness. It also limits the possibility of casino crimes, like fraud, money laundering, and cyber hacking. Regulated online casinos in Canada and the US have 24/7 monitoring to protect accounts. While the regulations may vary in each location, the ultimate goal of creating a safe and entertaining gambling platform is the same.
