What Is The Current Status Of Online Gambling In Newfoundland And Labrador (Canada)
Gambling in Canada has always been a sticky issue. Online gambling especially has faced the toughest hurdles in Canada for a number of years. As of now, the federal government has very strict policies on online gambling. However, these policies have been relaxed over the years. As a result, it has opened up many opportunities for many people in Canada who are in need of a way to make quick cash. Online gambling is fun and stress-free. You do not have to spend money on fuel or pay for lodging if you are an online gambler. You can play at any time with no limitations.
Significance of Gambling in Canada
Despite the many restrictions faced in the country, online gambling is a major industry. It is currently worth about forty billion USD. In addition, there is still a lot of room for growth. The potential of the market has attracted many players into online gambling. In addition, since the law is restrictive, owners of gambling sites have to trend carefully. It makes online gambling in Canada quite safe. Also, the competition for the small but lucrative gambling market in Canada will be forced to embrace quality as a top priority.
Federal Law on Taxation
The Canada Revenue Authority is very lenient on gamblers. As of now, the federal tax collection agency does not collect taxes from gamblers. It is always nice when you do not have to pay taxes on your earnings. As a result, you would only need to pay the provincial tax, if there is any. The only people who have to pay tax to the government are the owners of the online gambling businesses.
Who Controls Gambling
Except for the tax that the federal government collects, they have no way of regulating online gambling. In fact, there is no regulatory body at the federal level to control gambling. The provincial governments regulate gambling activity in Canada. As a result, one would need to identify the specific regulations in their province. In the province of Newfoundland and Labrador, gambling can go on. However, there are some rules that a person should understand before placing their money in such online casinos.
What is the situation for Gambler in Newfoundland and Labrador?
The province is one of the largest in Canada. However, in regards to gambling, there are not many land-based places to gamble. As a result, one would have to travel quite far to engage in brick and mortar gambling. It does not seem feasible, especially when considering the distance and costs you would have to incur.
As mentioned, the provinces are responsible for forming gaming commissions to regulate gambling. However, the province’s government has not been in a hurry to do this. Thus, you cannot technically establish a casino in the province, especially an online-based casino. You would most likely be prosecuted and possibly jailed. Despite all these restrictions, it is very much possible to gamble in the province.
The trick is to go through the law and look at the past prosecutions. The government of Canada has at least once prosecuted a gambling site that had offices in Canada. However, the gambling site was not Canadian. It would appear the Canadian government is opposed to such activity. However, the government has never bothered to prosecute overseas-based companies that operate in Canada. So far, there are no signs of this changing.
In short, you can gamble legally on a site that is not based in Canada. In fact, most of these sites are quite popular with Canadians. The government knows about them but does nothing about them. If they wanted to, they could block them out of Canada. Thus, it is inferred that you can gamble on foreign-based sites without any issues. However, the law of Newfoundland and Labrador sets age limits. Only 19-year-olds and above can gamble online.
If you want to play on these online sites, you have to be careful. You should choose a site that supports English or French. Never assume that it is only about pressing the buttons and winning. You need to be able to read the fine print before placing your money. In addition, choose sites that support the Canadian dollar. It will ensure that transacting is much easier. Trying to convert from foreign currency can prove tedious and lead to unnecessary expenses.
Benefits of playing Online
For one, you do not have to wear anything special. You can play in your drawers while minting a lot of money. In addition, there is the fact that you do not need to lose money. Online gambling allows you to play for fun. You should choose a site that gives a few bonus rounds. These rounds allow you to hone your skills before you begin playing. In most cases, you are not required to deposit any money. Just open a verified account and start practicing.
The other advantage is that there are many options available. Brick and mortar casinos will usually offer you very few options. The reason is that some of them are so tiny, and they can only afford to set up a few machines. However, an online casino has no such limits. All they need is a programmer to create as many games as he or she can. Thus, online casinos offer you more opportunities for winning.
The law on gambling in Canada is quite disjointed. However, if you want to play on an online site located outside Canada, there is no issue. However, you should ensure that underage kids under your control do not gamble online. It might lead to legal complications for you. In future, there is hope that online gambling will become more streamlined. For now, keep playing with no worries at all. Best of all, time limitations do not exist in online gambling. Online gambling sites are usually up all year and all hours of day and night. In addition, you can bet small stakes if you do not have a lot to spare.