Popular around the world for generations, there are many events which can be bet on that take place in many countries. Whether this is the Grand National in the United Kingdom or the Kentucky Derby in the USA, a considerable number of casinos can be found in Canada. Despite its sparse population, there are thousands of casinos which are located across Canada’s many regions. Also popular are online casinos. Regulated by individual governments, there are many offshore online casinos too which continue to be played by many people in Canada. Greater regulation is sought after, but the vast majority of the Canadian population has stated that they do not want this. To put it simply; the Canadian people have accepted offshore online casinos like JackpotCity online casino, and gambling continues to be enjoyed by many people.
In 2007, Statistics Canada reported that the revenue from all forms of gambling was $13.7billionCAD. This is a very high figure, and it has continued to increase since then. When this is compared to its GDP, it too has risen. In 1999, Canada’s GDP was $23,000USD. By 2007, its GDP was $38,600USD and in 2010, that figure stood at $39,400USD.
Back in 2007, the amount of money which was spent on gambling varied from region to region. In Saskatchewan, the average annual figure was $720CAD, whereas the amount for the same reason in Quebec was $390CAD.
Just like many people around the world, when Canadians have higher wages, more money was spent on gambling. Statistics Canada reported that for households which earned less than $20,000CAD, an average of $390CAD was spent on gambling. However, for households which earned more than $80,000CAD, 78% of these households spent an average of $555CAD every year.
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