The iGaming sector in Ontario remains in rude health, according to recently released data by iGaming Ontario, a subsidiary of the Alcohol and Gaming Commission of Ontario (AGCO).
Players in the Canadian province wagered a total of $14.2 billion during this period, with casino gaming accounting for most of the revenue - up from $14 billion in the first quarter. The total gaming revenue was $540 million, a slight drop from the first quarter.
Of the total amount wagered, nearly 84% was via the casino vertical, with $11.9 billion being spent on slots, bingo, and table games.
In the sports betting sphere, bettors staked $1.9 billion, with $118 million contributing to the total wager, while poker saw $397 million in wagers and $16 million in gaming revenue.
The stable performance of Ontario's iGaming industry reflects the strong demand for online gambling in the region. Despite some fluctuation in revenue, overall wagers have remained consistent over the past two quarters. This trend is likely to continue as more players turn to online options for their gaming entertainment due to convenience and safety reasons.
It also highlights the potential for growth in this sector, making it an attractive market for operators and investors. With a stable and established market, Ontario's iGaming industry is poised for continued success in the future.
