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Ontario iGaming Market Attracts $63bn in Wagers in Second Year

Posted on April 22, 2024 | 5:53 am

The second year of regulated online gambling and sports betting in Ontario, Canada’s most populous province, has seen operators attract 63 billion dollars in bets from players in the region.

The figure was announced by iGaming Ontario, the regulator of the province’s iGaming market, and covers the period between 1 April 2023 and 31 March 2024. The Ontario market officially opened to private online casino and sports betting operators on 4 April 2022, before that the province had seen a monopoly of a state-owned gambling operator. There are currently 47 online casino and sports betting operators licensed in Ontario, which run a total of 77 iGaming websites.

The last quarter brought in the highest activity when it comes to wagering, amounting to a total of 17.8 billion dollars. This figure grew over the year, starting at 14 billion dollars in the first quarter, moving up slightly to 14.2 billion dollars in the second, before jumping to 17.2 billion dollars in the third quarter.

Online casino games, including live dealer games, were again the star of the show, contributing 51.6 billion dollars in wagers out of the total of 63 billion. Sports betting attracted 9.7 billion dollars in wagers, while peer-to-peer poker accounted for the remaining $1.6bn.

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Fourth Quarter Data in Detail

During the fourth quarter online casinos attracted 14.6 billion dollars in wagers, more than the entire market had managed to generate in either of the first two quarters. Sports betting had wagers of 2.7 billion dollars in the fourth quarter, while peer-to-peer poker had 446 million dollars.

Gaming revenue amounted to 2.4 billion dollars for the year, starting at 540 million in the first quarter and moving up to 690 million in the fourth. Online casinos were again the largest contributors to the total, with 1.8 billion in gaming revenue for the year while sports betting had just 588 million dollars.

The fourth quarter was by far the best one, online casinos generated 510 million dollars in gaming revenue during the final three months while sports betting had 161 million dollars.

At the end of the fourth quarter the Ontario operators had a total of 1.3 million active player accounts, while monthly spend per active player amounted to 263 dollars in the final three months of the year.


“iGaming Ontario’s FY 2023-24 Full Year Market Performance Report“,, April 17, 2024.

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