Ontario's legal sports betting and iGaming industry has generated an impressive revenue of $1.4 billion over the past year.

On Thursday, iGaming Ontario officially published its report detailing the market performance for the fourth quarter and the entire year for the region's gaming sector.Ontario betting sites .

On April 4, Martha Otton, the executive director of iGO, provided a glimpse into the financial trends during an event organized by the Canadian Gaming Association to mark the first anniversary of Ontario's regulated online gaming market. The formal announcement came on Thursday.

Modify your betting selections with a single wallet that covers all your gaming activities and enjoy straightforward deposit methods.

Sign Up

To find more details, visit BetMGM.com. Participants must be 19 years or older. For Ontario residents only . New clients may benefit from promotional offers. Ensure you meet all qualification and eligibility criteria. Rewards are given as non-withdrawable betting bonuses. Note that these bonuses expire 7 days after being issued. Gamble responsibly. If you have concerns about your gambling habits or know someone who does, we recommend contacting ConnexOntario at 1-866-531-2600 for free advice.

To find more details, visit BetMGM.com. Participants must be 19 years or older. For Ontario residents only . New clients may benefit from promotional offers. Ensure you meet all qualification and eligibility criteria. Rewards are given as non-withdrawable betting bonuses. Note that these bonuses expire 7 days after being issued. Gamble responsibly. If you have concerns about your gambling habits or know someone who does, we recommend contacting ConnexOntario at 1-866-531-2600 for free advice.

Total Wagers Hit $13.9B in Q4 of Fiscal Year

In Q4 for legal, regulatedOntario online casinos In the first quarter of 2023, spanning from January 1 to March 31, total wagers in Ontario reached an astonishing $13.9 billion Canadian, generating a gaming revenue of $526 million.

$13.9 billion represents the cumulative wagers from both sports betting and online casinos, though specific figures for each category are not provided. This figure marks a substantial 20.6% increase compared to the $11.53 billion reported for the previous fiscal year's third quarter (October 1 to December 31, 2022). Additionally, gaming revenue climbed by 15.1% from $457 million in Q3.

The total wagers figure excludes any promotional bets or bonuses. The total gaming revenue published by iGaming Ontario is based on actual cash wagers, which includes various fees like rake and tournament fees across all operators, minus the winnings given back to bettors, without considering operational costs or liabilities.

Enjoy flexibility with your parlay bets, an extensive range of futures, and generous betting limits.

Sign Up

Participants must be 21 years or older. Terms and conditions apply. Play responsibly.

Participants must be 21 years or older. Terms and conditions apply. Play responsibly.

There has been tremendous growth from one quarter to the next.

In the first quarter of 2022 (April to June), total wagers stood at $4.08 billion, yielding $162 million in gaming revenue. Based on these figures, iGO reports that Ontario's legal iGaming market has seen an average growth of over 50% in both total wagers and gaming revenue every quarter.

During the fourth quarter, the province had 44 active operators and 75 live gaming sites. There were approximately 1.01 million active player accounts, with an average monthly expenditure of $174 per account. It's crucial to note that active player accounts do not equate to unique players, as individuals may hold multiple accounts across different platforms.Ontario sportsbook apps Provides access to international sports markets, features low wagering requirements, and allows users to view odds in various formats.

Participants must be 19 years or older. Ontario residents only. Please gamble responsibly. If you need help or have concerns about your gambling or someone you know, reach out to ConnexOntario at 1-866-531-2600.

Sign Up

Throughout the entire fiscal year, total wagers in Ontario reached $35.5 billion, with overall gaming revenue hitting $1.4 billion. There were 45 operators in place during the first year, along with 76 gaming websites. In total, there were 1.65 million active player accounts, with an average monthly spend per account at $70.

Throughout the entire fiscal year, total wagers in Ontario reached $35.5 billion, with overall gaming revenue hitting $1.4 billion. There were 45 operators in place during the first year, along with 76 gaming websites. In total, there were 1.65 million active player accounts, with an average monthly spend per account at $70.

Total Wagers Hit $35.5B At One-Year Mark

Basketball emerged as the leading sport in terms of total wagers during the first year, accounting for 29% of the total, followed by soccer at 15%, football at 13%, hockey at 9%, and baseball at 8%.

In the casino sector, analyzing the total wagers shows that 48% were placed on slot games, while 32% were on live dealer table games, and the remaining 19% on computer-based table games.

iGaming Ontario collaborates closely with the Alcohol and Gaming Commission of Ontario and the provincial government to oversee and manage online gaming services through private operators in the region. Gaming companies that have successfully registered with the AGCO must also enter into an operational agreement with iGO.Ontario online slots Check out reviews for the features and advantages available for each operator.

The online casino game market in Ontario features exciting options like Huff, Puff, and much more.

Turn toOntarioBets A player on BetMGM has achieved a record-breaking jackpot win.