Ontario’s iGaming marketplace generated $545 million in revenue for the first quarter of 2023

Ontario’s legal online gambling market continues to grow. This is confirmed by fresh statistics for the first quarter of the 2023-2024 fiscal year (April 1 to June 30) released by regulator iGaming Ontario. The industry earned CAD545 million (R37.77 billion) in the three months, a 3.6 percent increase over the fourth quarter of the 2022-2023 fiscal year.

Total betting volume rose to $14 billion (R970.4 billion) from $13.9 billion (R963.45 billion). The number of operators present in the market increased from 44 to 46, while the number of gambling sites decreased from 75 to 71. Compared to the previous quarter, the number of active accounts decreased from 1.01 million to 920,000. However, the average monthly spend per account rose from $174 to $197 (from 12,060 to 13,654 rubles).

Casino entertainment – table, slots and bingo – made the largest contribution to total gaming revenue: $392 million (27.17 billion rubles). In this segment, the volume of bets reached the mark of 11.6 billion dollars (over 804 billion rubles). Betting on sports and cybersports brought 138 million dollars (9.565 billion rubles). At the same time, the volume of bets amounted to 2 billion dollars (138.6 billion rubles). In the case of P2P (Peer-to-Peer) poker managed to earn 15 million dollars (1.04 billion rubles) with the amount of users’ bets amounting to 350 million dollars (24.26 billion rubles).

iGaming Ontario also shared data on its first full year of operations

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