The public can finally see numbers indicating how Ontario ‘s new regulated iGaming and online sports betting market is performing since its launch on April 4.
Ontarians wagered more than $4 billion (CAD) and the market produced $162 million total gaming revenue — from iCasino, online sports betting, and online poker — for the period of April 4-June 30, according to the first revenue report released by iGaming Ontario. (As of Aug. 30, $1 CAD is equal to $0.76 USD.)
The $4.076 billion in total wagers does not include promotional wagers , and the total gaming revenue of $162 million is total cash wagers, including rake fees, tournament fees, and other fees across 18 total operators and 31 gaming websites.
The regulator is also reporting that there were 492,000 active player accounts with an average monthly spend of $113 per user.
“Our aim is to be the best gaming jurisdiction in the world and these positive results are an early sign that we’re on our way,” said Dave Forestell, iGO’s board chair, in the release. “With a competitive revenue share rate and low barriers to entry, Ontario is an attractive igaming market with a strong player base.”
Regulators also formally announced that they intend to release these reports, at minimum, on a quarterly basis in the future. They’re also promising more metrics relating to gaming product segments, player protections, player demographics, and the economic impact of the iGaming industry.
It’s important to note that these figures don’t include iGaming revenue from the Ontario Lottery and Gaming Corporation, which offers a comprehensive iCasino and retail and online sports betting platform. PROLINE + was the first online sportsbook to launch in Ontario shortly after Canada decriminalized single-event wagering on Aug. 27 of last year.
It’s also unclear how much revenue the former gray market (now black market) operators, who have been in business for decades in the province, have generated during this span. The black market and offshore sports betting market in Canada was valued at $14 billion before the launch of the new regulated market, according to the Canadian Gaming Association. Data delay down to ‘diligence’
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