iGaming Ontario (iGO) has recently published its second public report on the performance of the province’s online gaming market. Covering the second full quarter of operations, the report reveals impressive revenue figures and increased player activity. During this period, the province witnessed a 48% surge in total wagers, amounting to CA$6.04 billion, leading to a remarkable 65% increase in revenue, totaling CA$267 million. The market has attracted 24 active operators across 42 gaming websites, including prominent global players such as DraftKings and Bally Bet. However, as the province aims to strengthen regulatory compliance, the Alcohol and Gaming Commission of Ontario (AGCO) will take action against unlicensed operators from October 31.
Ontario iGaming Market Flourishes in Second Quarter:
The Ontario iGaming market demonstrated substantial growth during its second full quarter of operations, ending on September 30. With total wagers reaching CA$6.04 billion, there was a notable 48% increase compared to the previous quarter. This surge in activity led to a remarkable 65% rise in revenue, totaling CA$267 million. The market’s expanding popularity is evident with 628,000 active players participating in the quarter, spending an average of $142 per month.
Diverse Operator Landscape:
Ontario’s iGaming market is brimming with 24 active operators across 42 gaming websites. These operators cater to a broad spectrum of players, offering various gaming options and experiences. Leading the pack are US giants such as DraftKings and Bally Bet, alongside international groups like Entain and local operators like North Star. The diverse range of operators contributes to the market’s vibrancy and attractiveness to players.
AGCO’s Crackdown on Unregulated Operators:
In its quest to foster a secure and regulated gaming environment, the Alcohol and Gaming Commission of Ontario (AGCO) has taken a firm stance against unlicensed operators. As of October 31, the AGCO will take action against operators that have not obtained the necessary licenses to operate within the jurisdiction. With the introduction of Standard 1.22, the transition period for unregulated iGaming operators and suppliers comes to an end. The AGCO emphasizes its commitment to facilitate a seamless and swift move for operators into the regulated market while holding unlicensed operators accountable.
Encouraging Compliance and Promoting Regulation:
Ontario’s regulatory efforts seek to promote responsible gaming and protect players’ interests. By urging unregulated operators to end their activities in the province, the AGCO ensures that operators prioritize compliance and align with the region’s legal framework. This regulatory clarity fosters a safer gaming environment for players and maintains the integrity of the iGaming market in Ontario.
Ontario’s iGaming market continues to thrive, reporting substantial growth in its second full quarter of operations. The surge in revenue and player activity showcases the market’s potential and attractiveness to operators and players alike. As the province takes decisive action against unlicensed operators, it demonstrates a commitment to maintaining a regulated and secure gaming landscape. By encouraging compliance and responsible gaming practices, Ontario aims to solidify its position as a premier destination for iGaming and uphold the highest standards of player protection and industry integrity.