Ontario handle hits C$14bn in Q1 as online casino market dominates
Provincial operators report $545m in revenue as active player accounts hit 920,000
Ontario’s regulated gambling market reported total wagers across all legal verticals of C$14bn, according to latest quarterly data from iGaming Ontario (iGO).
Provincially licensed operators generated C$545m in total gaming revenue during Q1 2023, with 46 operators utilizing 71 websites in Ontario.
A total of 920,000 player accounts were active in Ontario during Q1 2023, operating with an average monthly spend per active player account of C$197.
According to iGO definitions, active player accounts are classed as accounts with cash and/or promotional wagering activity during the time period and do not represent unique players as individuals who may have accounts with multiple operators.
Drilling down into individual verticals, online casino game handle accounted for C$11.6bn in total handle in Q1 2023 and C$392m in gaming revenue over the same period.
Sports betting accounted for C$2bn of Ontario’s C$14bn handle and C$138m of total revenue in the quarter. In respect of P2P Poker, the province reported C$350m in handle and C$15m in revenue over Q1.
In addition to its quarterly update, iGO released data on its fiscal year 2022/23, which ran from April 4, 2022, to March 31, 2023, revealing C$35.6bn in handle and C$1.4bn in total revenue over the period.
The dominance of online casino during Q1 2023 over handle and revenue is mirrored at a fiscal-year level, with online casino accounting for 78% of total handle and 67% of total revenue over the period.
Betting played second fiddle to the casino vertical in the province during full year 22/23, accounting for C$7bn in total handle and C$433m in total revenue.
P2P Poker took the bronze medal position at a fiscal-year level, accounting for C$992m in handle and C$40m in revenue over FY22/23.