Ontario Wraps Up 2024 on a Positive Note for Casino and Sports Betting Activities

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The records keep falling forOntario online casino Now that iGaming Ontario provides detailed monthly data on casino, sports, and poker betting, we can examine the performance more closely.

In December, the overall wagers placed across various platforms reached an impressive $7.817 billion, marking a 5% increase from November's previous total of $7.457 billion and setting a new record.

Here is a comparison showcasing the total handle and revenue from one month to another:

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Comparing December to November for Ontario's Betting Activities

Total handle

Total revenue

December

$7.817B

$269.3M

November

$7.457B

$290.9M

Change

Up 5%

Down 7%

The handle, or amount wagered, atOntario casino apps The total amount wagered reached $6.535 billion in December, representing a 7% rise from November's figure of $6.135 billion, thus establishing a new record, previously set at $6.254 billion in October.

In Ontario, sports betting includes esports, proposition bets, novelty bets, and exchange betting, all categorized together under a broader 'betting' definition. Unfortunately, this category saw a decline of 4%, falling from November's peak of $1.187 billion to $1.141 billion in December.

The peer-to-peer poker market recorded a handle of $141 million in December, reflecting a 4% increase from November's $135 million, according to an iGaming Ontario report filed in January.

Slight Decline in Ontario's Revenue for December

The overall betting revenue for casino, sports, and poker in December summed up to $269.3 million, which is a 7% drop compared to November's record of $290.9 million.

On a brighter note, December saw casino revenues soar to a new high of $224.4 million, which is an 8% rise from $207.3 million the previous month. The prior record stood at $212.2 million from October.

Online revenue derived fromOntario sportsbooks However, peer-to-peer poker revenue saw a significant downturn, plummeting by 50% from November's record of $78.5 million to just $39.3 million. In contrast, peer-to-peer poker revenue increased by 10% month-over-month, from $5.1 million to $5.6 million.

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Quarterly Numbers Also Set Records

Until now, Ontario's reporting of figures was limited to quarterly data. The period from October to December marked the third quarter of the fiscal year 2024-25, which runs from April through March.

Given that all types of betting combined (including poker, casino, and sports) have consistently set records over the past four months, it is no surprise that the third quarter of the fiscal year 2024-25 has easily broken all previous Ontario wagering records.

The total handle for Q3 reached a staggering $22.7 billion, which signifies a 22% increase from the second quarter's $18.7 billion. Revenue also saw a noteworthy rise of 11.9% from $738 million in Q2 to $825.8 million from October to December.

Here is a summary:

Comparison of Handle and Revenue for Ontario Betting in Q3 Versus Q2

Quarter

Total handle

Revenue

Q3 (October to December 2024)

$22.7B

$825.8M

Q2 (July to September 2024)

$18.7B

$738M

Change

Up 22%

Up 11.9%

Keep followingdeereplanet.com for additional insights and industry reviews ofOntario sports betting apps that you can sign up for today.

USA Today photo by Nick Turchiaro

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Author

Jim Tomlin
Jim Tomlin
Ontario iGaming Editor

Jim Tomlin is an experienced editor and writer specializing in the realms of sports, gambling, and their intersections. With over 30 years in journalism, his work has been featured in prominent publications such as the Tampa Bay Times and FanRag.

Recognized by leading media outlets including: