Q4 handle up 21% in Ontario igaming market, reports iGO

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The numbers in the Ontario igaming market keep on rising as evidenced by iGaming Ontario (iGO) in its fourth quarter of operations market performance report.

In total, C$13.9bn ($10.2bn) was wagered between Jan.1 and Mar. 31, triple that of Q1 (C$4.08bn/$3.02bn) and up 20.8% on Q3 (C$11.5bn/$8.5bn), taking total wagers for the year to $35.5bn ($26.25bn).

Similarly, there has been a significant increase in gaming revenue over the last quarter, with C$526m ($415.5m) in Q4 representing a 13.6% rise on Q3 and bringing the annual figure up to C$1.4bn ($1.04bn).

Since its launch on Apr. 4, 2022, the new legal igaming market in Ontario has, on average, grown by more than 50% in total wagers and gaming revenue each quarter.

The success of the market was highlighted on the anniversary of launch earlier this month, when iGO revealed it was among the top five jurisdictions in North America.

iGO has also spotlighted its active player account numbers in its latest report, which came to 1.65 million over the course of its first year – 1.01 million in Q4 alone – while an average monthly spend per active player account of C$174 ($128.64) last quarter dwarfs the C$70 ($51.75) averaged over the year.

Meanwhile, a total of 44 operators with 75 gaming websites contributed to wagers and revenues in Q4, one fewer than the whole year for both categories.

Basketball emerged as the most popular sport to bet on in the Ontario market’s first year, making up 29% of wagers, followed by soccer (15%), football (13%), hockey (9%), and baseball (8%).

Within the online casino category, nearly half (48%) of all casino wagers were on slots, nearly a third (32%) on table games with a live dealer, and the remainder (19%) on computer-based table games.