iGaming Ontario has reported total wagers of over CAD$18bn in its first quarter of the 2024-25 fiscal year (Q2 2024) report, with casino accounting for more than 80 per cent of the province’s total wagers.
Across the Canadian province’s 50 operators with 80 gaming websites, the iGO noted that total wagers for the quarter stood at $18.4bn – not including promotional wagers (bonuses) – a 31 per cent increase year-over-year and a 3.4 per cent growth in comparison to the previous quarter.
Total gaming revenue for the period was $726m, a 34 per cent uptick YoY and a 5.2 per cent increase over the previous quarter.
The iGO stated that the figure “represents total cash wagers, including rake fees, tournament fees and other fees, across all operators, minus player winnings derived from cash wagers and does not take into account operating costs or other liabilities”.
Martha Otton, Executive Director of iGO, commented: “With 50 regulated Operators and a one-third increase in wagering and revenue figures over the first quarter of last year, Ontarians who choose to gamble are finding many enjoyable options in our open regulated igaming market.
“The revenue generated by Ontario’s competitive igaming market contributes directly to provincial priorities such as infrastructure, healthcare and education.”
According to the iGO, the quarter had nearly 1.9 million active player accounts with an average monthly spend per active player account of $284.
Per vertical, casino games – slots, live and computer-based table games and peer-to-peer bingo – had $15.5bn in wagers, accounting for 84 per cent of Ontario’s total wagers during the quarter.
Casino also had $529m in revenue, which is 73 per cent of the province’s total revenue during the measuring period.
For betting – sports, esports, proposition and novelty bets as well as exchange betting – wagers stood at $2.5bn, 14 per cent of Ontario’s total wagers, with revenue of $181m, 25 per cent of the province’s total revenue.
Meanwhile, peer-to-peer poker had $402m in wagers and $16m in revenue, 2.2 per cent of the province’s total in each category respectively.