This morning, iGaming Ontario (iGO) released its market-performance report for the third quarter of the 2022-23 fiscal year (Oct. 1-Dec. 31, 2022) and it shows a robust jump in total wagers and gaming revenue for the province.
According to iGO, total wagers were $11.53 billion, a whopping 91 percent increase over Q2 and doesn’t include promotional wagers (bonuses).
Total gaming revenue was $457 million, a 71 percent increase over Q2. This figure represents total cash wagers, including rake, tournament, and other fees, for all licensed operators through Dec. 31, minus player winnings from cash wagers, and doesn’t take into operating costs or other liabilities.
What’s also telling when one looks at the health and growth potential of the regulated Ontario market (which launched April 4, 2022) is the current number of operators and live gaming websites: 36 operators, a 50 percent increase from Q2, and 68 sites, a 62 percent increase.
iGO says there were 910,000 active player accounts (cash and/or promotional wagering activity), a 45 percent increase over Q2. That number doesn’t represent unique players, since individuals might have several accounts with different operators.
The average monthly spend per active player account was $167 in Q3, 18 percent higher than in Q2.
Those figures do not include revenue figures from the Ontario Lottery and Gaming Corporation’s Proline platform.