The figures for the second quarter of legal igaming in Ontario, covering the three months up to the end of September, have been released. The market officially launched on April 4 of this year. Total stakes during this period amounted to CA$6.04bn, which is a significant increase of 48.4% compared to the CA$4.07bn in the first quarter ending on June 30. It’s important to note that these stakes do not include promotional bets.
In terms of revenue, the total revenue for the second quarter reached CA$267.0m, representing a substantial increase of 64.8% from the CA$162.0m generated in the opening quarter. This growth is a positive sign for the finance sector in Ontario.
During this time period, the number of licensed operators operating in Ontario increased from 18 in the first quarter to 24 in the second quarter. Additionally, the total number of active websites climbed from 31 to 42.
Active player accounts also saw a significant increase, reaching 628,000 in the second quarter compared to 492,000 in the first quarter. The average spend per player also rose from CA$113 in the first quarter to CA$142 in the second quarter.
The report providing these statistics was published by iGaming Ontario, a subsidiary of the Alcohol and Gaming Commission of Ontario (AGCO). iGaming Ontario was established to oversee and regulate the online gaming market in Ontario.
The AGCO recently updated its Registrar’s Standards for Internet Gaming, requiring unlicensed operators to exit or face “appropriate regulatory action” and potential rejection of future applications. These updated standards aim to create a safer, more competitive, and well-regulated igaming market in Ontario, supporting the province’s overall goals.
