At the close of 2022, there was a notable surge in the numbers associated with iGaming and sports betting in Ontario.

Reflecting on the data from the inaugural quarter of the year, Paul Burns, the president and CEO of the Canadian Gaming Association, must find himself feeling validated in his predictions.Ontario sportsbooks This validation comes as the recent figures, shared on Thursday, indicate remarkable growth in the sector.

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According to the latest reports from iGaming Ontario (iGO), combined bets for the third quarter, corresponding to the last three months of 2022, totaled a staggering $11.53 billion. This marked a dramatic 91% increase compared to the previous quarter (July to September 2022) and does not include promotional betting figures.

According to the latest reports from iGaming Ontario (iGO), combined bets for the third quarter, corresponding to the last three months of 2022, totaled a staggering $11.53 billion. This marked a dramatic 91% increase compared to the previous quarter (July to September 2022) and does not include promotional betting figures.

Ontario Gambling Handle Increases 91%

The overall gaming revenue reached $457 million, reflecting a 71% rise from Q2. This amount corresponds to all cash wagers made, including fees from rake and tournaments, across all licensed operators, subtracting player winnings but omitting operational costs and other financial liabilities.online casino Ontario In the first quarter, equivalent to the second quarter of the calendar year running from April to June, total cash wagers exceeded $4 billion, and the gaming revenue was noted at $162 million. Ontario's regulated online gaming market officially launched on April 4.

Burns had previously expressed optimism about the market, stating, \"I believe the market performed well in Q1, and I'm confident it will continue to strengthen. I'm anticipating that we may see a doubling of numbers in the upcoming quarter.\"

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The number of gaming operators is rapidly increasing.

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A significant indicator of the vibrant growth potential in Ontario's regulated gaming market is the increasing count of operators and gaming websites. Now, there are 36 operators, illustrating a 50% increase since Q2, and 68 active sites, which represents a 62% rise.

A significant indicator of the vibrant growth potential in Ontario's regulated gaming market is the increasing count of operators and gaming websites. Now, there are 36 operators, illustrating a 50% increase since Q2, and 68 active sites, which represents a 62% rise.

The total count of active player accounts reached 910,000, as reported by iGO, encompassing both cash and promotional betting activities, reflecting a 45% increase compared to Q2. It's worth noting that this number does not account for unique players, as individuals may possess multiple accounts across different operators.

In Q3, the average monthly expenditure per active player account was reported to be $167, which is 18% higher than prior figures.Ontario sports betting apps Offering international sports markets, minimal wagering requirements, and the ability to display odds in various formats.

Participants must be 19 years of age or older and located in Ontario. Please play responsibly. For inquiries or concerns regarding gambling, individuals are encouraged to reach out to ConnexOntario at 1-866-531-2600.

The legal and regulated gaming market is thriving.Q2 Ontario gambling revenue report .

Burns has referred to Ontario's market as 'semi-mature.' Historically, there was a black market worth billions that persisted for decades. Some operators were permitted to operate within a grey market while transitioning under the guidance of the Alcohol and Gaming Commission of Ontario.

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Many of those operators have moved to become fully legal and regulated within the system.

Many of those operators have moved to become fully legal and regulated within the system.

The province does not provide a breakdown of numbers between sports betting and iGaming. According to the iGO website, there are currently 27 operators that accept online sports bets.

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Participants must be at least 19 years of age. Terms and conditions apply. Please gamble responsibly.

The online casino gaming landscape in Ontario is filled with excitement and diverse offerings.Ontario online slots , among other options.

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The Maple Leafs made history again, but unfortunately, it was not the kind they hoped for in Game 7.

The Maple Leafs made history again, but unfortunately, it was not the kind they hoped for in Game 7.