Ontario reports CA$658m in Q3 online gaming revenue

January 18, 2024
Leer en Español

The province also reported that it now hosts 49 operators and 72 gaming sites.

Ontario has reported its Q3 iGaming results for the fiscal year 2023-24. In total, wagers for the quarter totaled CA$17.2bn (US$12.75bn), with iGaming revenue coming to CA$658m. 

Casino play made up 79% of wagers and 71% of the reported revenue. The second biggest segment was betting, accounting for 18% of wagers and 26% of gaming revenue. Finally, P2P poker generated CA$431m in wagers and Ca$17m in revenue, each holding 2.5% of wagers and gaming revenue.  

The revenue generated in Q3 represents growth of 20.7% from the previous quarter. This level of growth is notable as it reflects a far larger jump than that seen between 2023 Q1 and Q2 (which was up by CA$5m), though is far from the growth noted in 2022, when iGaming was first introduced in Ontario. Between Q2 and Q3 2022, for example, growth was reported at 71.2%. 

After the regulatory regime was amended in April 2022, iGaming operators have been moving increasingly into Ontario, due to it being the only regulated Canadian province to offer such forms of gambling. Compare this quarter to Q3 2022, when Ontario hosted 36 operators and 68 sites. This is year-on-year operator growth of 36% and website growth of 5.9%, based on the 49 operators and 72 sites now reported in Ontario. 

In the upcoming issue of Gaming America, we spoke with Canadian Gaming Association (CGA) President & CEO Paul Burns about the state of the market in Ontario and what current trends may mean for the market going forward. He described the current market conditions as “highly competitive with that number of sites and operators in the marketplace. I wouldn't say it's crowded, but it's comfortably cozy.” 

Since the start of 2024 at least three new brands have launched in Ontario. This includes game studio Peter & Sons via a collaboration with SkillOnNet and Stakelogic through a partnership with Rootz


Product Spotlight

Bragg Gaming Group

Bragg Gaming Group is a global content-driven iGaming technology provider, serving online and land-based gaming operators with its proprietary and exclusive content and cutting-edge technology.

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

As the Tribal gaming sector congregates once more in the Golden State, is it too cliché of me to suggest we are heading for a golden era of Tribal gaming? With the industry set to meet at the Indian Gaming Association t...

From The Top: Will youth be served by Sports Betting?
Two recent interviews in our Huddle podcast revealed to Las Vegas correspondent Brian Joseph just how young sports betting entrepreneurs are becoming.
The Global Gaming Awards: Rewarding Excellence
The 10th edition of the Global Gaming Awards took place in Las Vegas last year. Gaming America looks back... and ahead to this year's.
Preview: Indian Gaming Tradeshow & Convention
Gaming America looks ahead to the 2024 Indian Gaming Tradeshow & Convention and what attendees can expect when they arrive at the Anaheim Convention Centre.
888 and the US Market: A cautionary tale
Gaming America explores the risk of resting on your laurels and the challenge of remaining relevant in a rapidly expanding market.