Home > Finance > Ontario igaming revenue grows to CA$267m in Q2

Ontario igaming revenue grows to CA$267m in Q2

| By Robert Fletcher
Consumers in Ontario staked a combined CA$6.04bn (£3.88bn/€4.48bn/US$4.37bn) on sports wagering and igaming during the second quarter of the Canadian province’s 2022-23 financial year, while revenue was $267.0m.
Ontario Q2

The figures covered the three months to the end of September, the second quarter of legal igaming in Ontario, with the market having launched on April 4 this year. The total stakes did not include promotional bets.

The CA$6.04bn in stakes was also 48.4% ahead of the CA$4.07bn in the first quarter, which ran through to June 30.

In terms of revenue, total igaming revenue for Q2 reached CA$267.0m, an increase of 64.8% from CA$162.0m in the opening quarter.

The number of licensed operators in Ontario jumped from 18 in Q1 to 24, while the total of active websites also climbed from 31 to 42.

Active players accounts reached 628,000, up from 492,000 in Q1, while average spend per player stood at CA$142, compared to CA$113 in the opening quarter.

The report was published by iGaming Ontario, a subsidiary of the Alcohol and Gaming Commission of Ontario (AGCO). iGaming Ontario was established during the preparation phase for Ontario’s online gaming market launch.

The latest report comes after the AGCO this month made changes to its Registrar’s Standards for Internet Gaming, meaning unlicensed operators must now exit or face “appropriate regulatory action” and risk having future applications rejected.

The updated standards, the AGCO said, will support the province’s goal of creating a safer, competitive and well-regulated igaming market for the people of Ontario.

Subscribe to the iGaming newsletter