Ontario igaming picks up pace as revenue rises C$190m in Q3
iGaming Ontario (iGO) has published its third quarter of operations market performance report for the Ontario igaming market, reporting a significant hike in handle and revenue.
The numbers combine sports betting, online casino and online poker into lump sums, and for the period starting Oct 1 and ending Dec 31, iGO declared total wagers of C$11.53bn (discounting any promotional spend). This represents a 90.9% increase on Q2 wagers of C$6.04bn.
Unsurprisingly, this led to a surge in total gaming revenue, from C$267m (Q2) to C$457m (+71.2%). This figure represents total cash wagers, including rake fees, tournament fees and other fees across all operators, minus player winnings derived from cash wagers. It also does not take into account operating costs or other liabilities.
The latest numbers cover 36 operators and 68 gaming sites in Ontario, up from 24 and 42 respectively in Q2.
Among the gaming sites listed are Bally Bet, FanDuel and PointsBet.
However, the numbers exclude the Ontario Lottery and Gaming Corporation (OLG), widely-regarded as one of the biggest operators in the province.
Meanwhile, active player accounts are up on the previous quarter, reaching 910,000 with an average monthly spend of C$167 compared to Q2’s 628,000 and C$142.