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Digital Gaming Industry Contributed $20 Billion To Canada�s Economy In 2019

 

UNITED STATES�When it comes to digital gaming, Canada is one of the most influential countries. Influencer means that Canadian online casinos and betting websites are dominating the world charts. The latest data shows that the gaming industry contributed $20 billion in 2019 to the economy and digital platforms have a massive role in that. In 2019, Canada sneaked into the list of top ten countries with powerful economies. As of now, Canada is the 10th biggest economy in the world, with a GDP of 1.731 billion US dollars (2.2 billion CAN dollars). Canada was eliminated from the list by the end of 2018 by South Korea. Unfortunately to Koreans, the China-US deal has affected the country�s economy a lot, and Canada easily outperformed South Korea in 2019.

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Canada has lots of options to increase the GDP in 2020. Digital gaming is one of the biggest industries that can contribute more than $25 billion. How has the gaming industry steady growth over the years? What�s their secret recipe to success?


Growth of digital gaming industry


Las Vegas is one of the oldest places entirely related to casinos, gambling, and having the best memories of life. North American countries, Canada and Mexico, saw the steady growth of the casino and gaming industry of the USA in the 20th century and decided to take an exact successful blueprint from a neighbor. Canada created a very casino-friendly legal framework. Business entities that were ready to invest in the gaming industry back in the 20th century would have an advantage. Over the years, casino venues became the biggest sub-industry in the gaming sector.


Canada was one of the first countries to react appropriately to digital space. The country�s government was always friendly to companies that were ready to implement digital space in their industry. That�s how the gaming industry entered into the World Wide Web.


Diversity of games


Malta and some other European countries limit casinos and betting websites at some point. You won�t find a big range of games and genres on Malta-based Casino platforms. First of all, legally online casino websites in Canada are allowed to have not only a casino but also slot games.


Regular gamers admire Canadian digital casinos because they have a wide range of choices. They can play different themed slot games. Games could have a theme of a famous movie or TV series, etc. A wide variety of options means that you won�t be bored during the game, and you�ll eventually find desirable themed slot games. Along with slots, Canadian websites support Black Jacks and Roulette. Gamers prefer to play roulette online on Canada-based platforms because they want the freedom of choice. You�ll find Roulette�s with different themes such as American, Francophone, Turkish, Immersive, etc.


Canadian platforms have a diverse offer to gamers. They are not limited to any theme, genre, or category. That�s why Canadian casino and betting platforms have been so popular over the years. Without an exciting theme and plot, it�s impossible to convince a gamer. Gamers want to play slots or other games with exciting scenarios. People play slots and casino games with themes as broad as Zombies and as specific as any character of comics.


Role of Cryptocurrencies into the latest success of digital gaming


Making cryptocurrencies legal throughout the country was the best decision for the digital gaming industry. Business entities started receiving and sending funds through Bitcoin and Ripple. That actually ended up in the growth of interest. People want to feel safe and secure when it comes to managing funds.


Overall, cryptocurrencies open new doors for the gaming industry. International transactions are easily done through Bitcoin, and that�s why most of the foreign gamers choose Canadian online casinos. Brilliance of crypto assets is that none of the technologies can�t fool it and to get devalued. That�s free from any parties such as banks, financial institutions, etc. Implementing crypto-assets into the digital gaming industry gave a considerable advantage to Canadian gambling platforms on the worldwide competition.

https://www.canyon-news.com/digital-gaming-industry-contributed-20-billion-to-canadas-economy-in-2019/105084


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