According to a Q1 FY 2023-24 market performance report (April 1-June 30) released by iGaming Ontario in July, there were 920,000 active player accounts in the province, with an average monthly spend of $197 per active player account. In the previous quarter, those numbers were 1.01 million and $174.
Out of that, in Q1, casino games (slots, live and computer-based tables games, and peer-to-peer bingo) accounted for almost $11.6 billion (83 percent) of total wagers and 72 percent ($392 million) of gaming revenue.
Betting on sports and esports, as well as proposition and novelty bets, accounted for $2 billion (14 percent) of total wagers and $138 million (25 percent) of gaming revenue. Peer-to-peer poker accounted for $350 million (3%) of total wagers and $15 million (3%) of gaming revenue.
It’s clear that casino games are dominating Ontario’s regulated igaming market, and Casumo, a big online casino operator in Europe that’s now operating in Ontario, announced yesterday that they’re partnering with GeoLocs to provide geolocation verification services in the province. The deal enables Casumo to show they are fully compliant with geolocation regulations.
“Since the opening of the Ontario market, we’ve been eager to enter one of the biggest igaming markets in North America,” said Casumo Chief Product Officer Mark Busuttil, in a statement. “By choosing GeoLocs as our geolocation provider, we are confident that we can offer our players a seamless and user-friendly experience that meets the compliance and regulatory demands of the territory. The technology, knowledge, and expertise behind GeoLocs has been key in supporting us to license and operate in Ontario.”
With GeoLocs, users will be able to verify their location quickly within the Casumo app or website. GeoLocs was purpose built by mkodo for the igaming and lottery sector over 10 years ago.