PENN Entertainment has announced that Ontario has become its primary market for sports betting in North America.

Jay Snowden, the CEO of PENN Entertainment Inc., stated that the company now sees Ontario as its leading market for both sports betting and online casino gaming.TheScore Bet Ontario Sportsbook Recently, iGaming Ontario published its Q3 performance statistics, revealing impressive growth in the sector.

As of December 31, the total amount wagered reached $11.53 billion, marking a remarkable 91% rise from the previous quarter, while total gaming revenue soared to $457 million, reflecting a 71% increase over Q2.Ontario online casinos This total encompasses the complete cash wagers, including various fees for licensed operators through December 31, while excluding player winnings and not accounting for operational expenses or other liabilities.

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During the recent PENN Q4 earnings call, it was reiterated that Ontario is a standout market for both sports betting and online casinos, driven by solid growth and favorable trends since the beginning of the season.

During the recent PENN Q4 earnings call, it was reiterated that Ontario is a standout market for both sports betting and online casinos, driven by solid growth and favorable trends since the beginning of the season.

PENN Happy With Ontario Performance

Snowden emphasized that December set records for gross and net revenue and noted, \"We maintained our market share in Ontario despite a surge of new operators in the area, which speaks volumes about our product quality and the appeal of theScore Media ecosystem. The results have surpassed our expectations, which is beneficial for various reasons.\"Ontario sports betting and iGaming market is doing.

He highlighted that the increased NFL betting and the transition to their proprietary technology platform in Ontario have greatly contributed to this success.NFL Snowden commented, \"With full control over our product development, we can swiftly introduce new features and betting options on theScore Bet, including our unique same-game parlay, which has significantly boosted our performance, not only compared to our previous record in Ontario but also against our U.S. performance. We're still in the early stages of expanding our parlay options in Ontario,\" he stated.

The refined promotional strategies have resulted in improved player retention and higher revenue per user in Ontario as opposed to the U.S., noted Snowden.

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