Canada’s esports industry has a prominent global position. According to data from Grand View Research, the market is said to have generated a revenue of $54.7 million in 2023 and is expected to reach $294.4 million by 2030.
Indeed, it’s become a big player. There have been many factors that have helped it to enjoy the growth that has been experienced and is projected to be observed.
Evolution of Canada’s Place in Esports
The Great White North has witnessed numerous trends in relation to the esports market, with many of them having been hugely positive in helping the industry achieve the outlined growth that is expected.
Gambling Trends Across Canada
One significant factor has been the evolution of gambling laws across Canada, which has allowed the industry to grow. The emergence of esports has contributed to this expansion, while changes in provincial legislation have made online casino gambling more accessible, encouraging more players to explore it as an alternative form of entertainment.
These developments lead to many players to engage in casino-style gaming, whether by reading online slot reviews to find the most attractive games before playing or by trying their luck at virtual tables that now offer a more immersive and realistic experience. As technology continues to shape the industry, players are always looking for ways to make the most of their gaming sessions while adapting to new opportunities in the online gambling world.
The passion that esports has obtained from bettors and fans alike, though, is evident. In the immediate future, there are already plans for the country to host major international events, such as the 2025 Mid-Season Invitational, which is due to be held in Vancouver. This tournament – which focuses on the League Of Legends title – will be the second time since 2017 to host a LoL event, while Toronto has often been the esports hub for Canada. With the 2026 League of Legends World Championship set to be held in North America, it wouldn’t be a surprise to see a Canadian city be selected for hosting duties.
Increased Interest in Esports
As the decision to host tournaments in cities around the nation suggests, there has been a notable growth in interest regarding esports at a player level, helping the industry to grow significantly. Brands have started to try and jump on the growth that has been experienced by offering sponsorships and investment opportunities in professional teams and players. These can be incentivizing for gamers, as they could potentially make a lucrative career for themselves by doing something they enjoy; an option that wasn’t always available for other generations.
Many initiatives have been set up across Canada to help individuals realize their dreams. Several educational institutes have been set up nationwide, with options in almost every province. A national association called Esport Canada has been set up, while many notable organizations within the esports space call Canada home.
Canada’s Infrastructure Helps Esports Grow
The interest that has been fueled and the growth the industry has experienced in Canada has also largely been down to the infrastructure of the country. The North American country has a strong technology infrastructure and high internet penetration, allowing the activity to be enjoyed by participants and viewers in the best possible way.
Esports are able to be played seamlessly due to the standard of internet connections, allowing gamers to play without lag or connectivity issues. Viewers can stream the matches they watch without issue, enhancing their own experiences, whether it be for enjoyment or as part of a betting experience. At the same time, developers and esports companies have found the infrastructure favorable as it allows them to provide the best services.
In addition, the geographical location of the country and its demographics have helped. Gaming has a strong culture in Canada, perhaps due to the diversity of its population. Many communities from various cultural backgrounds call the Great White North home, with many enjoying gaming as a popular pastime. This has helped fuel the growth of the esports industry in the country, as players have their own preferences and play a range of different titles.
Can Canada help the Esports Industry Grow Further?
As noted, the esports market is expected to grow significantly by the end of the current decade. It’s not hard for analysts to predict that it will, given the favorable market conditions that Canada has already shown toward the industry.
The infrastructure is already there. The country is one of the world’s most developed in terms of technology, presenting the market with several opportunities to advance further. Many organizations have already been set up to try and facilitate further growth of the market across the country. The increasing popularity of online gaming and the rise of internet accessibility across the Great White North will only make esports a more attractive activity in the years to come. Opportunities are likely to be available for individuals to turn a hobby into something they can enjoy professionally and earn a living.
With more and more tournaments being hosted in the country, natural growth can only be expected to be achieved.
