Ontario’s iGaming Sector Experiencing a Resurgence in Growth

Ontario’s iGaming market is experiencing a resurgence after a period of stability, with significant growth in key metrics, according to the latest report from iGaming Ontario.

The report, which covers the third quarter of the 2023-24 fiscal year (October 1, 2023, to December 31, 2023), revealed a 21% increase in total sports betting wagers, reaching $17.2 million ($12.75 USD). This surge in wagers resulted in a 22% increase in gaming revenue, reaching $658 million ($487 million).

Casino games, including slots, live and digital table games, and peer-to-peer bingo, accounted for the majority of wagers, totaling $13.7 billion ($10.15 billion) and representing 79% of all bets. This vertical also generated $471 million ($349 million) in gaming revenue, making up 71% of the total revenue.

Betting on sports, esports, props, novelty bets, and exchange betting contributed nearly $3.1 billion ($2.3 billion) to the total wagers, with $171 million ($126.7 million) in gaming revenue. Peer-to-peer poker accounted for $431 million ($319.3 million) of all wagers and $17 million ($12.6 million) in gaming revenue.

The report also highlighted the presence of 49 legal operators and 72 gaming websites in Ontario during this period.

Additionally, iGaming Ontario reported approximately 1.2 million active player accounts in Q3, with an average monthly spend per active account of $186 ($138). It was noted that this figure does not encompass the total number of player accounts, as many individuals have accounts with multiple operators.

iGaming Ontario stated their commitment to ongoing market monitoring and quarterly reporting on market performance.