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Gamblers in Ontario wagered more than $6 billion (CAD) and the market produced $267 million in total gaming revenue — from iCasino, online sports betting , and online poker — for the period of July 1-Sept. 30, according to the Fiscal Year Q2 report released by iGaming Ontario on Wednesday. (As of Oct. 12, $1 CAD is equal to $0.72 USD.)
The $6.04 billion in total handle does not include promotional wagers, and the total gaming revenue of $267 million includes rake fees, tournament fees, and other fees across 24 total operators and 42 active gaming websites.
The regulator is also reporting that there were 628,000 active player accounts over the three-month period with an average monthly spend of $142 per user.
These figures don’t include iGaming revenue from the Ontario Lottery and Gaming Corporation, which offers its own 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, 2021.
The numbers represent a healthy increase when compared with the Q1 data that was released in late August. For the period of April 4-June 30, Ontarians wagered just over $4 billion and the market produced $162 million in total gaming revenue. During that span, there were only 18 operators and 31 live gaming sites with 492,000 active player accounts. The average monthly spend was $113 per user.
Regulators have instituted an annual tax rate of 20%, which makes Ontario attractive to online gambling operators.
For now, iGaming Ontario will not be providing a breakdown of revenue by operator or by iGaming discipline. Upcoming deadline for gray operators
The Alcohol and Gaming Commission of Ontario has set an Oct. 31 deadline for gray market operators to transition to the province’s regulated market, which launched on April 4 .Regulators have been accepting applications from operators and suppliers since September 2021 ahead of the launch of Ontario’s regulated iGaming and sports betting market, which means gray operators will have had more than a year to come into compliance by Oct. 31.Applicants that are non-compliant with the new standard as […]
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