TORONTO — Ontario’s sports-betting market experienced a 71 percent increase in total gaming revenue in the third fiscal quarter, according to data released Thursday by iGaming Ontario.
From October 1 to December 31, total gaming revenue was $457 million, compared to $267 million in the second quarter (July to September). And this figure is 182 percent higher than the first quarter ($162 million).
Ontario’s sports-betting industry fully opened on April 4 and surpassed $21.6 billion in total bets, while total gaming revenue stood at $886 million.
IGaming Ontario (iGO) is a subsidiary of the Alcohol and Gaming Commission of Ontario (AGCO). It operates and manages Internet gaming in the province.
The figures also show total bets at $11.53 billion, up 91 percent from the second quarter ($6.04 billion). The first quarter handle was $4.076 billion.
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This does not include figures for either promotional bets (bonuses) or the online operations of the Ontario Lottery and Gaming Corp.
The number of active player accounts increased 45 percent to 910,000 (compared to 628,000 in the second quarter). Overall, active player accounts are up 85 percent from the opening quarter (492,000).
IGO defines Active Player Accounts as having cash and/or promotional betting activity. They do not represent unique players as individuals may have accounts with multiple operators.
The number of operators grew to 36, a 50 percent increase from Q2. There were also 68 gaming websites as of December 31, representing an increase of 62 percent.
Average monthly spending per active player account of $167 was up 18 percent compared to the second quarter.
The IGO also said that the numbers in its report are undocumented and subject to adjustment.
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