Ontario's online casino operators have achieved remarkable milestones as they commence the new fiscal year.

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TheOntario online casino The market is experiencing a sustained expansion, as mobile casino and sportsbook gambling becomes increasingly established in Canada's largest province, now entering its third operational year.

iGaming Ontario, the governing body overseeing iGaming in the province, reported that bettors placed a staggering total of $18.4 billion CAD in wagers during the initial quarter of the 2024-25 fiscal year, which concluded on June 30. This impressive total, which doesn't account for promotional credits utilized by players, marked a 3.4% increase from the previous quarter and signified a 31% rise compared to the first quarter of the 2023-24 fiscal cycle.

The wager volume encompasses all online casino games, sports bets, and poker platforms managed by venues authorized by iGaming Ontario, including various prominent sites. A significant portion of this betting occurred in online casinos, where wagers reached $15.5 billion on slots and table games. Additionally, Ontario's sports betting operators reported $2.5 billion in bets, while poker platforms accounted for $402 million.Pinnacle Ontario Sportsbook With over 25 years of experience, these operators provide better odds, advantageous payouts, and higher betting limits.

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Comparative analysis of Ontario Casino & Sports Betting for the first quarter of the 2024-25 fiscal year versus the fourth quarter of the previous year.

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Quarter

Total handle

Revenue

Q1 (April to June 2024)

$18.4B

$726M

Q4 (January to March 2024)

$17.8B

$690M

Change

Up 3.4%

Up 5.2%

Operators Report Revenue Growth

"With 50 regulated operators and a one-third surge in both wagering and revenue compared to last year’s first quarter, Ontarians who choose to gamble are finding numerous appealing choices in our competitive, regulated iGaming landscape,\" stated Martha Otton, the Executive Director of iGaming Ontario. \"The revenue produced by Ontario’s dynamic iGaming sector directly supports provincial priorities including infrastructure, healthcare, and education.\"Ontario online poker The quarterly report does not provide a breakdown of handle or revenue details for iGaming and other segments.

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During the quarter, nearly 1.9 million accounts were active, with players placing bets on 80 websites operated by the 50 approved gaming companies. It's important to note that 1.9 million does not equate to the number of unique individuals, as some bettors maintain accounts with multiple operators.
iGaming Ontario reported that the average monthly wagering per account amounted to $284.

Ontario iGaming Q1 Breakdown

According to iGaming Ontario Operators, such as Mr. Vegas Ontario Casino, have consistently seen increases in both handle and revenue each quarter since the beginning of last year. However, quarterly handle for Ontario sportsbooks decreased by approximately $200 million, or 7.4%, from the previous quarter. This drop is anticipated as American football season typically concludes in February, leading to reduced activity as subsequent sports, including the NHL Stanley Cup playoffs, do not generate the same level of interest.

This entity recorded a $20 million increase in revenue compared to the previous quarter.

Ontario casino apps Online poker platforms experienced nearly a 10% decline in handle from the prior quarter, and conversely, revenues also dipped by $3 million, representing a 15.8% decrease.

Despite the slight drop in handle,Ontario sportsbook apps All data published by iGaming Ontario remains unaudited and may undergo revisions.

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