How online gambling in the Canary Islands differs from the rest of the globe

The Canary Islands are a paradise for both locals and visitors offering hot summer days, cool blue oceans, and countless attractions, there really is something for everyone. Gamblers, too, can find endless entertainment with online gambling services in the Canary Islands, but these casino spaces often differ from their global counterparts.

LEGISLATION IN THE CANARY ISLANDS

Spain controls the gambling laws in place within the Canary Islands which means that online gambling sites based in the islands must get a license issued from Spain’s licensing authority the DGOJ.

This is not irregular, with many countries, such as the UK, Chad, Canada, Greece, and India all requiring online casinos to obtain licenses. However, in some countries, such as Mongolia, the Bahamas, and Mexico, online casinos are unregulated and therefore not required to hold licenses. 

However, licensed casinos are, on the whole, a positive thing as they come with legal protection for their users. When using a licensed online casino in the Canary Islands, punters can be assured that their games will be fair and their personal information will be kept as secure as possible. Additionally, licensed casinos often have quicker payout times, which can enable players to withdraw their winnings almost instantly.

PAYOUT METHODS

There are multiple payout methods for online casino users in the Canary Islands, some of which are not accessible in other parts of the globe.

Debit card

Perhaps the most obvious and most popular form of payout is with a debit card. This form of payment is used across almost all online casinos globally and is known for offering quick and seamless payouts. In fact, many of the UK’s instant payout casinos support the use of debit cards, alongside cryptocurrency or eWallets, which we’ll talk about now.

Cryptocurrency

One benefit of online gambling in the Canary Islands as opposed to some other places, is the country’s overall support of cryptocurrency. Spanish legislation allows cryptocurrency to be used in online casinos, but this is not the case everywhere. In fact in some countries, such as China and Saudi Arabia, the use of cryptocurrency is banned altogether. When using online casinos in the Canary Islands, taking payouts in cryptocurrency comes with several benefits, including heightened security, so you can play your favourite casino games with valuable peace of mind that your information is being kept safe.

EWallets

EWallets are also a popular payout method in the Canary Islands, with multiple platforms, such as PayPal and Skrill offering players almost instant access to their winnings. These eWallets, especially PayPal, are hugely popular and may be easy to take for granted. However, there are a few countries, such as Cote D’Ivoire (Ivory Coast) and South Sudan, where this payout method is not available. 

LOW TAX

Another factor that contributes to the popularity and uniqueness of online gambling in the Canary Islands is the low tax rates placed on these businesses. This means that many online casino business owners have an easier time setting up in the Canary Islands which makes it partly responsible for the vast range of options available to punters.

This is not the case across the globe, for example in Germany gambling companies are charged 90% of their gross revenue. Such low tax rates help create the bustling online gambling community that the Canary Islands is known for.

Gamble Responsibly: Gambling should be enjoyed as a form of entertainment, not a way to earn money. Always gamble within your financial means and set limits to stay in control. You must be 18 or older to participate in gambling activities. If you or someone you know has a gambling problem, seek help from organisations like FEJAR (Federación Española de Jugadores de Azar Rehabilitados) at www.fejar.org. Stay safe and gamble responsibly.