Ontario’s quarterly iGaming handle hits US$4.3bn

ontario’s-quarterly-igaming-handle-hits-us$4.3bn

A second public report of market performance since the province’s online gaming market opened on April 4th has been released by iGaming Ontario (iGO).

This report covers the second full quarter of market operations, ending on September 30th. Revenue for the period was US$192m from wagers of $4.3bn, a 48% increase the previous quarter’s $2.93bn, with revenue up 65% from CA$116.5m.

Ontario now has 24 licensed operators active across 42 gaming websites. Together they had 628,0000 active players in the quarter, each spending an average of US$102 a month. During the first quarter of operations, from April 4th to June 30th, there were only 18 operators, 31 live gaming sites and 492,000 active player accounts. The average monthly spend was $81 per user. So real growth is happening.

The Alcohol & Gaming Commission of Ontario (AGCO) has also announced that from October 31st, it will act against operators that failed to obtain licences in the jurisdiction. This ends the transition period for unregulated iGaming operators and suppliers.