Ontario regulators have yet to release sports betting data, but at least one operator reports enjoying the province.
BetMGM Sportsbook recorded 70 million transactions during May in Ontario, BetMGM CEO Adam Greenblatt said during a fireside chat Wednesday at the Canadian Gaming Summit. Commercial online ON sports betting launched April 4.
“It tells us that there is a receptive audience,” Greenblatt said. “It is a high conversion rate, higher than many US states … relatively higher average bet size on sports betting. Between conversion and bet size, the early performance has been a surprise on the upside.”
Greenblatt’s comments about Ontario were welcome because the province has remained quiet about overall market performance since launch.
