iGaming Ontario has published its inaugural market assessment, which reviews the first complete quarter of operations.Ontario online casinos The launch of sports betting on April 4 has led to various industry responses as revealed by the report.
As highlighted in the report, the overall cash bets, excluding promotional wagers and bonuses, reached $4.076 billion, with gaming revenue totaling $162 million. iGaming Ontario specifies that this figure includes all cash wagers, such as rake and tournament fees, deducted from player earnings, without considering operational expenses or other liabilities.
Paul Burns, the president and CEO of the Canadian Gaming Association, remarked that the first-quarter outcomes from Ontario's regulated iGaming sector indicate a bright future. From an initial 17 websites at launch, the market has now expanded to 39 active sites, with many more operators expected to join soon. This transition illustrates the movement from a grey market to a fully regulated environment.
Burns added, 'Prominent brands in both casino gaming and sports betting have opted to engage with Ontario’s regulated market, and we anticipate seeing the impact of this popularity in the upcoming quarters.'
As of June 30, there were 18 live operators and 31 iGaming platforms, which increased to 39 iGaming websites and 22 live operators by September 6. The total number of active player accounts for online casinos reached 492,000, although individual players may have accounts across multiple operators as of the end of June.Ontario sports betting You can easily adjust your betting options with a unified wallet for all products and simple deposit methods.
The vice president of legal, compliance, and human resources mentioned that 'the data released by iGaming Ontario really illustrates how beneficial a legal, regulated, and competitive iGaming market has been for Ontario.'
'It's increasingly evident that the regulated environment prioritizes strong consumer protections and measures against money laundering. Today's findings confirm that Ontario’s iGaming framework encourages competition, fosters investment, creates jobs, and safeguards consumers—a model that should be considered by other regions in Canada.'
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Chantal Cipriano,PointsBet Canada You must be at least 19 years old and located in Ontario to participate. Please gamble responsibly. For inquiries regarding gambling issues, contact ConnexOntario at 1-866-531-2600.
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Mark Keast serves as an iGaming reporter for deereplanet.com and has recently provided coverage on the Canadian iGaming landscape for The Parleh. He has extensive experience as a sports journalist and editor, particularly with the Toronto Sun.
Fromdeereplanet.com
