The Q2 Results of Ontario’s iGaming Industry Remain Stable

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.

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Why iGaming in Ontario is Such a Big Deal

In September of 2021, the AGCO published its final standards for online betting and gaming. The rules for online gaming include a ban on autoplay and a minimum spin speed of 2.5 seconds for slots.

The province of Ontario in Canada successfully implemented its online gambling market on April 4th, 2022, marking the end of a three-year process that began when the provincial government announced its intentions to break the lottery's online gambling monopoly in April 2019. In 2020, legislation was introduced by the government to establish a licensing system for online betting and gaming.

Since the legalisation of online gambling in Ontario, there has been a significant increase in the number of licensed and regulated online casinos and betting sites operating within the province.

Onlookers hope the surge of iGaming competitors into the Ontario market will create a race to the top, driving up the quality of service and creating a much safer environment for bettors than before.

Dmitry Rogalchuk
With over 5 years of experience in iGaming, Dmitry Rogalchuk leads a content team at CasinoCanada, ensuring that every article on the CasinoCanada website is informative and engaging for our readers.
Head of Content
The University of British Columbia
The University of British Columbia & McGill University degrees, strategic marketing & content leadership expertise, sales strategies development
Expert in:
  • Content Management
  • Latest News in iGaming
  • Gambling Industry Knowledge
Last updated on: 19.03.2024

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