The regulated Ontario igaming market continues to experience growth, according to a quarter-two fiscal-year 2023-24 (July 1 through September 30) market-performance report released by iGaming Ontario today.
Ontario reached $14.2 billion in total wagers in Q2, not including promotional wagers (bonuses). That’s up from $14 billion in Q1 (April 1 to June 30, 2023).
Ontario saw $540 million in total gaming revenue in Q2, down from $545 million in Q1. Total gaming revenue is total cash wagers, including rake, tournament, and other fees, minus player winnings derived from cash wagers. That number does not take into account operating costs or other liabilities.
Currently, 47 operators are licensed and operating in Ontario, with 71 gaming websites. In Q1, there were 46 and 71, respectively.
There are 943,000 active player accounts (up from 920,000 in Q1), with an average monthly spend of $191 (per active player account). In Q1, average monthly spend was $174.
More specifically, in Q2, casino games (slots, live and computer-based tables games, and peer-to-peer bingo) accounted for almost $11.9 billion (84 percent) of total wagers and 75 percent ($407 million) of gaming revenue.
Betting on sports and esports as well as proposition and novelty bets accounted for $1.9 billion (13 percent, down from $2 billion, and 14% in Q1) of total wagers and $118 million (22 percent, down from $138 million, or 25 percent) of gaming revenue.
Peer to peer (P2P) poker accounted for $397 million (3 percent) of total wagers and $16M (3 percent) of gaming revenue and increase from $350 million of total wagers and $15 million of gaming revenue in Q1.
