Ontario GGR slips 15% in February against record January
Licensed operators in the Canadian province also report decline in handle and average revenue per active account in slower month for the sector
Ontario’s regulated operators posted a combined GGR of C$280.1m ($194.7m) in February, representing a 15% slide against January’s record total of C$327.9m.
The bumper January performance also meant there was a decline in total handle in the Canadian province, dipping 9% month on month to C$7.1bn.
And while there was a 2% uptick in active player accounts to 1.1 million, there was a 16% slump in average revenue per active account to C$248.
In fact, average revenue per active account hit its lowest level since February 2024 when the figure landed at C$232.
The data, which was collated by the regulator, iGaming Ontario, also showed that handle had reached its lowest point since September 2024.
Breaking the metrics down by vertical, handle was dominated by online casino, with 85% of all wagers coming from igaming at C$6.1bn.
However, online casino handle did drop 7% against January’s total of C$6.5bn.
Sports betting handle dipped 21% versus January to C$930m, as the vertical made up 13% of the market.
Poker’s handle slipped 11%, hitting C$130m, to make up the remaining 2% of Ontario handle.
On a GGR basis, there were declines month on month for all three verticals, with casino constituting the lion’s share.
While GGR declined 7% to C$213.8m, online casino still represented 76% of total market GGR.
Sports betting GGR slumped by a third to C$61.5m and poker GGR dropped 15% to just C$4.8m.
There are currently 50 operators licensed in Ontario that run a combined 84 sites across the province.
UK-based operator Fitzdares announced its intention to depart the market earlier this month after being live for two years.
Outside of Ontario, the Canadian Gaming Association has claimed that Alberta’s monopoly operator, Play Alberta, is capturing just 20% of the existing sports betting market in the province.