iGO: Ontario igaming market hits $6bn in FYQ2 wagering

iGaming Ontario (iGO) has published its Q2 market performance report, declaring an improvement on Q1 as total wagers grew by close to C$2bn.
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iGaming Ontario (iGO) has published its second quarter of operations market performance report for the Ontario igaming market, declaring an improvement on the first quarter of figures, as total wagers grew by close to C$2bn.

For the period from July 1 through Sept 30, iGO declared total wagers of $6.04bn for Q3 (its FY Q2), an increase on Q1’s $4.07bn. This handle does not include promotional wagers.

The Ontario regulator reported $267m in total gaming revenue for operators during the quarter, an uptick on Q1’s $162m.

Total revenue is total cash wagers, including rake fees, tournament fees, and other fees from 24 operators and 42 gaming websites (Q1: 18 operators, 31 websites).

Active player accounts are also up on the previous quarter, reaching 628,000 with an average spend of $142 compared to Q1’s 492,000 and its average spend of $113.

However, it is important to note that this report does not include any figures from OLG’s igaming offering, which includes icasino and sports betting, retail and online.

For now, iGO is continuing to not offer a breakdown of these quarterly figures per operator or vertical.

The regulator will also keep releasing updates on the market on a quarterly basis at a minimum, for the time being.

Earlier this month, the Alcohol and Gaming Commission of Ontario (AGCO) updated its Registrar’s Standards for Internet Gaming, bringing an end to its transition period for unregulated operators and suppliers, as well as amending standards for live dealer games.