Ontario Online Casino And Sportsbook Sites Produced Revenue of $162 Million In First Quarter

Written By Dave Briggs on August 30, 2022
In the first three of operation, Ontario online casino sites produced revenue of $162 million and saw total wagering of over $4 billion from 492,000 accounts.

The Ontario sports betting and online casino industry has produced revenue of $162 million in the first three months of operation ending June 30. Total wagering topped $4 billion in the first quarter. That’s the news, released today, by iGaming Ontario.

The figures — which are unaudited and subject to adjustment —  do not include those from the iGaming platforms provided by the legacy operator at the Ontario Lottery and Gaming Corp.

Dave Forestell, iGO’s Board Chair said in a press release:

“Our aim is to be the best gaming jurisdiction in the world and these positive results are an early sign that we’re on our way. With a competitive revenue share rate and low barriers to entry, Ontario is an attractive igaming market with a strong player base.”

Ontario launched an open iGaming market for sportsbooks and online casinos on April 4. In the first quarter, there were 18 operators and 31 total gaming sites. As of this morning, there are 26 live gaming operators in the province. Reports are that as many as 70 gaming operators could be live in Ontario at the peak of the market.

Key takeaways from the Ontario online casino numbers

PlayCanada will have a more detailed analysis of the numbers soon, but, for now, some key takeaways from the revenue report are as follows:

  • Total wagers: $4.076 billion (does not include promotional wagers (bonuses)).
  • Total gaming revenue: $162 million.
  • Active player accounts: 492,000 (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: $113

Number of live gaming operators

The following gaming operators (listed in alphabetical order) are officially regulated and taking bets in Ontario as of Aug. 30, 2022:

  1. 888
  2. Bally Bet
  3. bet365
  4. BetMGM
  5. BetRivers
  6. Betway
  7. bwin
  8. Cadtree (Jackpot City, Royal Vegas, Ruby Fortune, Spin Casino)
  9. Caesars
  10. ComeOn!
  11. CoolBet
  12. DraftKings
  13. Fallsview
  14. FanDuel
  15. LeoVegas
  16. NorthStar Bet
  17. OLG
  18. Party
  19. PointsBet
  20. PokerStars
  21. Rivalry
  22. Royal Panda
  23. SkillOnNet (PlayOjo, SlotsMagic, SpinGenie, KnightSlots sites)
  24. Sports Interaction
  25. theScore Bet
  26. Unibet

Ontario is already near the top of the gambling list

Home to nearly 15 million people, Ontario is already one of the largest legal gambling jurisdictions in North America. By population, the province ranks fifth behind only California, Texas, Florida and New York.

Ontario is also one of only five jurisdictions to offer online casinos, sports betting and poker. It is the first province to open an online gaming sector.

Compared to all North American jurisdictions where online gaming is legal, Ontario currently is very nearly at the top of the pack in terms of the number of online gaming operators. Only New Jersey, with 33 operators, and Colorado, with 26 (sportsbooks only), have the same number or more.

Number of live online gaming operators in states where it is legal:

  • New Jersey (sportsbooks, casinos and poker): 33
  • Ontario (sportsbooks, casinos and poker): 26
  • Colorado (sports betting only): 26
  • Arizona (sports betting only): 18
  • Iowa (sports betting only): 18
  • Michigan (online sportsbooks, casinos and poker): 15
  • Pennsylvania (sportsbooks, casinos and poker): 14
  • Indiana (sports betting only): 13
  • Nevada (sports betting and poker): 12
  • Virginia (sports betting only): 12
  • New York (sports betting only): 9
  • Tennessee (sports betting only): 9
  • Illinois (sports betting only): 7
  • Louisiana (sports betting only): 7
  • West Virginia (sportsbooks, casinos and poker): 6
  • Connecticut (casinos and sportsbooks): 3
  • Delaware (casinos and poker): 3
  • Wyoming (sports betting only): 3
  • Montana (sports betting only): 1
  • New Hampshire (sports betting only): 1
  • Oregon (sports betting only): 1
  • Rhode Island (sports betting only): 1
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Dave Briggs

Dave Briggs is a managing editor and writer for Catena Media. His expertise is covering the gambling industry in Canada with emphasis on the casino, sports betting and horse racing sectors. He is currently reporting on the gaming industries in Canada and Michigan.

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