Ontario’s FY 2024-25 Q1 (April 1 to June 30) market-performance report, released today by iGaming Ontario, shows a continuation in wager and revenue increases, especially looking at year-over-year comparisons.
According to the report, total wagers of $18.4 billion in Q1 (does not include promotional wagers or bonuses) is a 3.4 percent increase over the last quarter and a 31 percent increase over Q1 of 2023-24.
Total gaming revenue in Q1 was $726 million, a 5.2 percent increase over Q4 and a 34 percent year-over-year increase. Gaming revenue consists of the total cash wagers, including rake, tournament, and other fees from all operators, minus player winnings from cash wagers, not taking into account operating costs or other liabilities.
“With 50 regulated operators and a one-third increase in wagering and revenue figures over the first quarter of last year, Ontarians who choose to gamble are finding many enjoyable options in our open regulated igaming market,” said Martha Otton, Executive Director of iGaming Ontario, in a statement. “The revenue generated by Ontario’s competitive igaming market contributes directly to provincial priorities, such as infrastructure, healthcare, and education.”
Along with 50 operators and 80 gaming websites, there were nearly 1.9 million active players accounts during Q1, up from 1.3 million during Q4. The average monthly spend per active player account was $284.
Another point that’s become most common: the domination of casino in the Ontario igaming market. Casino games, including slots, live and computer-based table games, and peer-to-peer bingo, accounted for 84 percent of total wagers ($15.5 billion) and 73 percent ($529 million) of gaming revenue.
Betting, including on sports, esports, propositions, and novelty bets, was 14 percent of total wagers ($2.5 billion) and 25 percent of gaming revenue ($181 million).
Peer-to-peer (P2P) poker accounted for $402 million (2.2 percent) of total wagers and $16 million (2.2 percent) of gaming revenue.
