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This week, Canadian Casino released a report with insights into the current and future potential of the Canadian gambling industry in 2023. It features a comprehensive analysis based on the market history, regulatory environment, and key trends in the local gaming industry. Last year alone, the local sector delivered more than $15 billion in revenue.

Over the past few years, Canada has made some serious advances in gambling. Starting in August 2021, when the federal government legalized single event betting on domestic sports. This essentially paved the way for Ontario's open iGaming market for private operators, which received a lot of attention from third-party gambling brands.

Last year, the country's gambling industry contributed more than $15 billion in revenue, providing jobs to more than 135,500 individuals. This recent study, conducted by a team of game experts at Casino Canada, provides valuable insights into the market's performance in terms of numbers, as well as factors driving the market's growth and evolution in the short term.

The main result of this report is that the Canadian gaming industry provides nearly CA$9 million in annual revenue, while also supporting numerous government and community programs and services. The local industry was valued at CA$12.54 billion in 2021, and lottery sales are the main source of income. But this will change quickly.

It also has about 18.9 million people gambling in Canada in 2022, with 95% of players included in the problem-free gambler demographics. Slots and bingo were the most popular types of online gambling in the country, and the industry's growth can be explained by the introduction of more gaming methods.

Dmitry Rogalchuk, the gaming site's content director, noted that Canada's 2023 gambling market overview provided significant insights for industry stakeholders, policymakers and users. He believes that an analysis of current market trends and future prospects will help industry representatives explore rapidly developing areas.

One of the main reasons for the recent expansion of the Canadian sector was the iGaming framework for Ontario and private operators. IGaming Ontario recently released a report on its fourth-quarter market results ending March 31, 2023. For the quarter, local betting companies totaled more than CA$13.9 billion in bets, which translated into CA$526 million in gaming revenue.

However, the Liquor Game Board plans to make some changes to the bombing of markets and sports betting ads. In April, regulators proposed banning celebrities from participating in such advertisements. This applies to sports stars, cartoon characters, symbols, role models, social media influencers, celebrities, or celebrities.

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