Revenue hits CA$162m in Ontario’s first quarter of regulated igaming
Ontario’s igaming revenue for the quarter ending June 30 came to CA$162m (£106.1m/€123.9m), the first quarter on record after the market opened in April this year.
This was reported by iGaming Ontario, a subsidiary of the Alcohol and Gaming Commission of Ontario. iGaming Ontario was established during the preparation phase for Ontario’s online gaming market launch, which took place on April 4.
Total stakes for the quarter, excluding bonus funds staked, came to $4.07bn.
At the quarter’s end, there were 18 operators live in the province, operating 31 websites. The operators include US giants such as DraftKings, international groups such as Entain and local operators like North Star.
There were also 492,000 active player accounts within the quarter, which spent an average of $113 per month.
“Our aim is to be the best gaming jurisdiction in the world and these positive results are an early sign that we’re on our way,” said Dave Forestell, board chair of iGaming Ontario.
“With a competitive revenue share rate and low barriers to entry, Ontario is an attractive igaming market with a strong player base.”