Investing in Canadian gambling isn’t as simple as buying stocks in the first company that you see. Whilst most all areas of the industry are predicted to grow in the coming years, some will perform better than others.

The two key areas within the industry that will be most likely to bring in the highest returns are:

Online Casinos

Up until quite recently the majority of Canadian gambling lovers wagered online with overseas providers – mainly those from the United Kingdom. This was due to legislation that either directly banned online casinos from operating in a province or restricted online gambling to a small selection of state-sanctioned sites.

The dial is however turning on online casino legislation in Canada and we are seeing more and more provinces legalise domestic companies. Now is the time to do your research on Canadian online casino companies and back your winners.

Sports Wagering

Traditionally in North America, we have fallen behind other countries and continents when it comes to the sports betting industry. Again though, things are changing, with Alberta earmarked as the first province in 2025 to legalise all forms of sports betting.

South of the border, many states followed the example set by New Jersey when it came to legalizing sports wagering, so expect to see the same thing here in Canada and get ahead of the curve by investing in the companies making moves in this sector.