Ontario Sports Betting and iGaming Industry Marks Two Years of Operations
In the latest gambling industry news, we are going further north to see how sports betting and online gambling is faring. In the US, there are 38 states that offer sports betting, while 7 states offer iGaming. Ontario, meanwhile, was the first province in Canada to go live, and after two years, we are taking a look at the Ontario sports betting and iGaming numbers.
Back in 2022, Ontario was the first province in Canada to allow iGaming operators to go live. Prior to this, the Ontario Lottery and Gaming Corp (OLG) was the sole provider of online gambling options in the province. But now, there are around 50 operators offering more than 70 sites offering sports betting, online casino gaming, and poker.
You too, can easily create an online gambling and sports betting site. These gambling software reviews will help you find resources on what to offer to your players. But as we have seen in Ontario, a large variety of betting and gambling products will pay off.
Ontario Sports Betting and iGaming Numbers
Ontario is actually one of the largest gaming markets in North America, and the sixth largest online gambling market in the world by gross gaming revenue. Across the country, provinces may have their own exclusive gaming operations, but they are far from the scope and scale of Ontario’s.
In the first year of operation, the total handle is CAD 35.5 billion for the first year of operations. From there, around $1.4 billion goes to total gaming revenue from April 2022 to March 2023. In Q4 2023 alone, igaming handle sits at CAD 17.2 billion, and CAD 658 in total revenue.
Online casino gaming accounts for CAD 13.7 billion, while sports betting is at $3.1 billion, while poker is at $431 million. Their numbers are large enough to compare them with the biggest gaming and sports betting markets in the US like Nevada. So when you create your sportsbook with your bookie pay per head software, consider activating the online casino feature your provider has, as it can lead to a higher revenue yield for your online gambling business.
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