Published: October 13, 2022

Ontario Sports Betting: Provincial iGaming Surges in Second Quarter, iGO Figures Show

Online sports betting in Ontario looks to be gaining traction with more and more consumers — and the return of NFL football probably isn’t hurting the cause. 

Government agency iGaming Ontario (iGO) reported on Wednesday that total wagering in Ontario's fledgling internet-gambling market — which launched in April and includes operators offering online sports betting, casino gambling, and poker —  drew approximately $6 billion in total wagers for the three months ended September 30. That figure does not include free bets or other promotional wagers.

Yet wagering for the iGaming market's first quarter had been just shy of $4.1 billion, meaning the handle has grown by about 48.2% from quarter to quarter.

Total gaming revenue for the second quarter of the iGaming market was $267 million, iGO reported, up from $162 million in the first quarter. Meanwhile, the number of operators and gaming websites likewise rose in the second quarter to 24 and 42, respectively, from 18 and 31.

Active player accounts stood at around 628,000 as of the end of September, iGO said, compared to 492,000 for the previous period. The average monthly spend by players increased to $142 from $113.

https://www.covers.com/betting/canada/ontario

 

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