iGaming Ontario publishes Q1 market report
iGaming Ontario’s latest performance analysis covers the first quarter of the 2023-24 financial year.
The report covers the period between the 1st of April and the 30th of June this year and includes the performance statistics from all of Ontario’s licensed online gambling operators. The first of its highlighted figures was the market’s total wagers, which amounted to 14 billion dollars. This led to a total revenue figure of 545 million dollars, representing a massive increase from the 162 million dollars generated by the market in the same period last year.
iGaming Ontario mentioned that the revenue originated from around 920 thousand active accounts, which is close to double the market’s user base in its first operating quarter last year. Another increase was recorded in average player spending, with users now allocating just under 200 dollars per month for the pastime compared to 113 dollars in the 2022-23 financial year’s first quarter.
Breaking down the market’s performance by gambling type, the majority of its revenue originated from casinos, which were responsible for 392 million dollars of the market’s revenue. Wagering came next at 138 million dollars, with P2P poker following in last place at 15 million dollars.
Furthermore, iGaming Ontario also included some additional information for its previously published first-year financial report in its latest analysis, which broke down the market’s performance by gambling type. Casinos generated the most revenue in the regulated market’s first year at 940 million dollars, followed by sports wagering at 433 million dollars and P2P poker at 40 million dollars.