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Canada – iGaming Ontario up 91 per cent in third quarter betting

By - 31 January 2023

iGaming Ontario (iGO), the regulator of online gaming, has released its market performance report for the Q3 of the 2022-23 fiscal year, which covers market operations from October 1 through December 31 2022.

Total wagers of $11.53bn represents a 91 per cent increase over Q2 (1 July to 30 September 2022) and does not include promotional wagers (bonuses).

Total gaming revenue of $457m shows a 71 per cent increase over Q2. This figure represents total cash wagers, including rake fees, tournament fees and other fees, across all Operators from October 1 to December 31, 2022 minus player winnings derived from cash wagers and does not take into account operating costs or other liabilities.

36 Operators (a 50 per cent increase over Q2) and 68 gaming websites (a 62 per cent increase over Q2) are as of December 31, 2022. See the up-to-date list of Operators and gaming sites on iGO’s website.

910,000 active player accounts represents a 45 per cent increase over Q2. These are accounts with cash and/or promotional wagering activity and do not represent unique players as individuals may have accounts with multiple Operators.

Average monthly spend per active player account of $167 in Q3 is 18 per cent higher than in Q2.

The Ontario igaming market described in this report includes all igaming Operators that operated pursuant to an operating agreement with iGO from 1 October to 31 December 2022. As such, it does not include OLG’s igaming offering.

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