The third quarter of the financial year forOntario online casinos both online gaming and sports betting saw significant returns for operators, with impressive double-digit growth percentages recorded from October to December.
In the final three months of 2023, Ontario's sports betting and casino operators collectively garnered $17.2 billion in bets, marking a 21.1% increase compared to the $14.2 billion wagered in the second quarter of the financial year (July to October).
iGaming Ontario, the governing body overseeing wagering in the province, published the Q3 statistics yesterday. Unlike U.S. betting markets that provide monthly updates by state, Ontario shares its data quarterly. The fiscal year used for assessing handle and revenue runs from April to March, making the third quarter of the fiscal year coincide with the last quarter of the calendar year (October to December).Ontario betting sites Choose from more than 750 different casino games, which come with game explanations and tutorials, as well as live chat, email, and phone support.
Detailed analysis of the gaming handle and revenue for Ontario.
Out of the $17.2 billion wagered in Q3, $13.7 billion originated from casino games, encompassing slots, live and computerized table games, as well as peer-to-peer bingo. This figure reflects a 15.1% rise from the previous quarter's total of $11.9 billion.
In what iGaming Ontario designates as 'betting'—which includes wagering on sports events, esports, proposition bets, novelty bets, and exchange betting—the total handle reached $3.1 billion in the third quarter, representing a remarkable 72.2% increase from the $1.8 billion recorded in the previous quarter.
Regarding peer-to-peer poker, the handle reported by Ontario's operators in Q3 was $431 million, which is an 8.6% increase from the $397 million wagered in the second quarter of 2023.Ontario sports betting apps More than 25 years of providing better odds, enhanced payouts, and higher limits.
Participants must be at least 19 years old. Terms and conditions apply. Gamble responsibly.
report, the province generated a total of $658 million in gaming revenue, which is a 21.9% increase compared to the $540 million reported in Q2.
Among this revenue, $471 million came from casino earnings, a 15.7% rise from Q2 when revenues reached $407 million. Betting operators experienced an even more pronounced increase, with a 44.9% jump from $118 million in July-September to $171 million from October-December. iGaming Ontario Operators indicated a total of $17 million in revenues during the third quarter, which represents a 6.3% increase from the $16 million earned in the second quarter.
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Fromdeereplanet.com
