Ontario’s handle spikes 31% YOY to C$18.4bn for Q1
Active player accounts hit 1.9 million with 50 operators and 80 gaming sites live in the regulated market
Igaming Ontario (iGO) reported handle of C$18.4bn for the first quarter (Q1) of its 2024-25 fiscal year, April 1 to June 30, a 31% year-over-year (YOY) rise and a 34% increase over the last quarter of 2023.
The regulated Ontario market has been live for two years, it launched on 4 April, 2022, and has 50 operators with 81 gaming sites live in the state.
Total gaming revenue for Q1 amounted to C$726m, a 34% increase YOY and up 5.2% from Q4 2023.
Breaking down the figures by vertical, online casino handle rose 33% from C$14.6bn to C$15.5bn, 84% of total wagers and C$529m (73%) of gaming revenue, while sports betting handle landed at C$2.5bn, down from C$2.7bn the previous quarter, with revenue of C$181m.
Peer-to-peer poker handle came in at C$402m of total wagers, up from C$350m for Q1 2023, with revenue standing at C$16m – down from C$19m for Q4 2023 but up from C$15m for the equivalent reporting period a prior year.
Active player accounts for the quarter amounted to nearly 1.9 million, with an average monthly spend per active customer of C$284.
Martha Otton, IGO executive director, said: “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.”
Recently, EGR North America looked at the success of the Ontario market and whether it could be used as a blueprint for other provinces in the country.