Active players: 26.500.000
Currency: Canadian Dollar (CAD)
Regulated Gambling Products: Sports betting, electronic gaming machines (VLTs & slots), land based casinos, lottery – Kahnawak: online casino, poker & sports betting
Operator Types: Sports betting shops (kiosks), online bookmakers, land based & online casinos, poker rooms
Designated Authority: Various authorities in 10 states & 3 territories
Status: Licensed in Kahnawak, grey market in rest of country
Canada is one of the most advanced nations in the world and according to various researches, one of the best countries to live in. There is a long tradition of gambling in Canada, dating back to the start of the 20th century, which explains why almost 75% of the total population engages weekly in games of skill or chance. Although the main preference includes electronic gaming machines (EGM) such as VLTs and slots, Canadians love placing sports wagers on various Canadian betting sites and foreign bookmakers. Apart from the Kahnawake Gaming Commission, that regulates gambling in the Mohawk Territory of Kahnawak, betting is not regulated in Canada, meaning that local players are free to bet on any online bookmaker they wish.
Did you know that…
- You can bet on any online bookmaker you want, provided that you are 19 years of age
- Canada is home to gaming industry giants Amaya (the parent company of Pokerstars) and Bodog
- Gambling amounts for 50% of the total entertainment industry revenue
- Betting slips on betting shops must include from two up to six events, while your stakes have to be between $2 and $100 CAD
- Winnings are tax free, unless you declare yourself as a professional gambler
Top 3 sports betting sites in Canada
Online bookmakers and casinos are free to offer their products in Canada, provided that they respect the age restrictions set by the government. There is no central regulatory authority concerning online betting, which may seem like a good thing to bookies and punters alike, however some concerns have been voiced regarding this matter. The main reasons include the safety of the bettors, given that a small number of scam bookies continue to operate and the fact that foreign betting websites do not have to pay any taxes whatsoever. In 1999 the local administration of the Mohawk Territory of Kahnawak launched the Kahnawake Gaming Commission, that aimed to regulate online gambling according to European standards, by issuing gaming licenses. Quite a few betting firms have obtained for a KGC license, in order to gain the respect and trust of local players by offering their products 100% legally.
If you live in Canada, you can either bet on land based betting shops (mainly run by Sports Interaction) or virtually any betting site’s sportsbook in the world. What you should keep in mind, is that CAD is not accepted on every online bookmaker, meaning that certain exchange rates may apply. It is also suggested to make a thorough investigation of where a Canadian betting site is regulated in. This is done in order to avoid falling victim to cases of fraud, where you might not receive your winnings, or be unable to make a withdrawal. Finally, you should note that if you are a professional gambler, you have to declare your winnings on your tax return and be subjected to a levy tax. If you only engage in gambling activities as a hobby, then you do not have to pay any taxes.
Hundreds of different sports betting operators offer their services in Canada, meaning that only the very best can manage to stay ahead of their competitors. The favorite betting sites in Canada include Bet365 and Betfair Canada, where 25% of the total bets are placed. Other common destinations include Bodog, Pinnacle and 10bet.
Almost every common payment method is available to Canadian punters, including bank cards, bank transfers and e-wallets. Unfortunately, Neteller does not offer its services in Canada, in order to deter US punters, from wagering on Canadian betting sites. Many players choose InstaDebit to fund their accounts. This is a betting e-wallet, similar to Skrill, that is only available in Canada and allows you make instant transactions on any online bookmaker and also claim virtually any welcome bonus.
Best Canadian Gambling Sites
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