This story was published more than 2 years ago.
Liberalized online gaming has been live in the Canadian province of Ontario for three months, and iGaming Ontario has published numbers on the market. The initial report shows that handle reached $4 billion CAD and generated revenues of $162 million CAD.
There were 492,000 active players that spent an average of $113 per month in the market. There are currently 31 websites offering online betting services under 18 licensed operating licenses.
Ontario opened its regulated market on April 4th, and this report ran through the end of June. The province has been busy adding new gaming licenses for operators and software providers, with sportsbetting provider Altenar getting a license this week.
Regarding the results iGaming Ontario Chairman Dave Forestell said, "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."
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Comments
This is a decent number of people. I wonder what the market cap will theoretically be. They have a population of 14.5 million, so there should still be room for ample growth. Any estimations?
This is interesting, reading about this recently. Will keep an eye. As story is appearing hourly on my phone
I personally find this market quite interesting and I'm curious to see how it will change and adapt. Also curious to see how the numbers will change once more operators will receive the licence.