Despite their close location geographically, the US and Canada vary quite drastically when it comes to iGaming legislation, and some of the ways they differ can actually be quite shocking if you are not already familiar with how they both operate.
In this article, we will be taking a look at the differences in iGaming legislation between Canada and the US, as well as going over why some of these significant discrepancies take place. Let’s dive straight into it.
You Can’t Escape Taxes In The USA
It is a fact that iGaming in the US differs from Canada in a variety of ways, but perhaps the most notable of all is going to be their taxation. The US is known for taxing gamblers a whopping 25% on any earnings they make from gambling, and this is quite literally one of the worst taxation rates in the entire world.
This just becomes all the more detrimental when you factor in that Canada doesn’t even tax gambling winnings. That’s right; to the dismay of American gamblers everywhere, our Canadian cousins do not have to pay even a fraction of what we have to pay on taxes for our winnings, and this gives Canada a huge leg up when it comes to iGaming legislation.
Whether you like it or not, Canadian gamblers have it alot easier than anyone else in the states, and this is precisely why Canada is often seen as an iGaming utopia.
Even the best online casinos in America have to deal with this unfavourable reality, and if you need any further evidence of this, simply click here. All of the top options you can see in the linked article are all subject to America’s horrendous taxing legislation, and unless you plan on moving to Canada any time soon, you too are going to have to face the music.
Canada Has More Relaxed Regulations
On top of just having a much more preferable taxation policy, iGaming legislation in Canada also happens to be much more relaxed when compared to its American counterpart. In fact, this is one of the main reasons why we see most of the top online casinos/betting hubs coming out of Canada.
Canada just makes it much easier for companies to start their own iGaming establishments, and when compared to America which makes people jump through a ton of hurdles, this just makes Canada become the obvious choice for anyone looking to start an iGaming business.
We hope we have been able to give you a better insight into how Canada and the US differ in terms of iGaming legislation. Despite popular belief, these two locations are vastly different when it comes to how they regulate iGaming, and this has led to a monumental gap between how iGaming is viewed in both Canada and the USA.
Perhaps the US will rethink its tough iGaming laws in the future to become a haven for the industry, or maybe it will never change and continue to lag behind the rest of the world indefinitely. Only time will tell.