Canada’s gambling industry is an important economic driver of the country, generating more than $10.5 billion in revenue in 2017. Gambling is a large and growing sector with many different types of businesses. Major businesses in Canada’s gambling industry include casinos, lotteries, racetracks, cruise ships and online betting sites.

Casinos are the most common type of business in the Canadian gambling industry. In total, more than 2 200 casinos operated in the country in 2016. Lotteries are another big business in Canada’s gambling industry. In 2016, more than 4 500 lotteries operated in the country. Hippodromes are a smaller type of business in Canada’s gambling industry. There are no official statistics on the number of racetracks in the country, but some estimates range from 150 to 200. Cruise ships also operate in Canada’s gambling industry.

In 2017, about 100 cruise ships sailed between Canada and the United States. Online betting sites are also a key part of the Canadian gambling industry. In total, more than 1 million people used online betting sites in 2017.

Gaming in Canada is a highly regulated industry with strict regulations in place to protect both players and the public. These include mandatory age limits, background checks on all employees, and regular background checks by government officials.

Gambling in Canada is also heavily taxed. For example, the province of Nova Scotia imposes a 19% tax on slot machine income, while the province of New Brunswick imposes a 28% tax on gambling winnings. Canadian casinos are also required to pay a 5% tax on gross gaming income. All of this adds up to an industry that annually brings in more than $7 billion to the Canadian government.

Although there are many similarities between gambling in Canada and other countries, there are some distinctive features that make it stand out from the crowd. For example, the rate limits set in the country are among the lowest in the world.

This means that Canadians can bet much more money per session than at home or anywhere else in the world. In addition, technology has played a major role in shaping the Canadian gambling industry. For example, online casinos have made it possible for people to gamble from the comfort of their home or office. And mobile apps have revolutionized the way people place bets and play games like bingo and slots.

The gambling industry is largely driven by the Canadian population, which accounts for about 60% of all gambling revenue. With a population of just over 7 million, Canada has the second largest population in the world after China. A large number of residents means a high demand for gambling products.

The second half of the market can be divided into two categories: small and large. Small operators are usually local companies that serve local markets. Large operators are, as a rule, multinational companies that produce gambling products and operate in many countries of the world.

Over the past decade, the gambling industry has grown in size and revenues have grown at an average of 12% per year. This growth was driven mainly by an increase in revenue per visitor in both large and small casinos. Most of the revenue ($33 billion) comes from land-based casinos, $5 billion from online casinos and $4 billion from sports betting sites.