The answer is gambling. Canadians have been gambling away money to the tune of over $1 Billion a year. $1 Billion! Governments all over the world have their own perspective on online gambling. The U.S states that it is illegal, China does not care for it either, and France has made it more difficult for online gaming companies to play at because they insist on licensing. Online gambling is not illegal in Canada, though gambling experts are saying that its time the government becomes involved to protect it’s Canadian players.
The U.S government has cited that legalization would allow for the government to “protect” its players, as well as reduce addiction.
Why do people gamble online? According to William Rutsey, president of the Canadian Gaming Association, it’s become a major form of leisure time, like surfing the internet.
A decade ago, online gaming was earning $1 Billion a year globally. It’s been 10 years since then, and that is now what Canada spends alone! Globally, the annual revenue of online gambling is a mind blowing $30 Billion.
Government involvement with online gambling would benefit players because gambling websites would have to go through a high standard of regulations to ensure proper management of sites as well as betting fairness. Players would also be prevented from using illegal operators with bogus websites as well.
