The iGaming landscape in Ontario continues to expand.
During a panel discussion on Canadian iGaming at the Global Gaming Conference in Las Vegas on Wednesday, Martha Otton, the Executive Director of iGaming Ontario, shared that bettors in Ontario made a staggering $18.5 billion in legal online gambling, including betting on iGaming and poker, for the second quarter of the 2024-25 fiscal year, which spanned from June 30 to September 30.Ontario sports betting This figure slightly surpasses the previous record of $18.4 billion that was reported for the first quarter of the fiscal year back in July. Moreover, Otton noted that this quarter experienced an increase of $4.3 billion in wagering activity compared to the same period the previous year.
The agency detailed that their revenue reached $737 million, reflecting a modest rise of 1.5% from the $726 million generated in the first quarter. Notably, the second quarter revenue for 24-25 shows a 36.5% increase when compared to the $540 million reported for the second quarter of 2023-24.
In addition, operators, such asPinnacle Ontario Sportsbook While Otton, who plans to retire at year’s end, refrained from providing a detailed breakdown of wagering or revenue segmented by online casino, sports betting, and poker sites, this information was also not readily available on the iGaming Ontario website.
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| Quarter | Total Handle | Revenue |
| Q2 (July to September 2024) | $18.5B | $737M |
| Q1 (April to June 2024) | $18.4B | $726M |
| Change | Up .5% | Up 1.5% |
Currently, iGaming Ontario has established partnerships with 51 operators, including BetRivers.ca and others. These companies manage a total of 83 online platforms accessible to bettors in the province.
This positions us as the leading competitive market in North America. Therefore, I firmly believe that it is undoubtedly the premier entertainment option for players in Ontario,” Otton expressed.Sports Interaction Ontario Although the total number of approved operators and sites has stabilized, Otton indicated that there remains considerable potential for growth and enhancements in Ontario's online gaming sector.
For example, one significant issue is liquidity, which may have contributed to poker not gaining the popularity we had anticipated, and currently, paid daily fantasy sports are not available in the province. I am optimistic that we can introduce initiatives to further enhance entertainment options for players.
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