iGO: Ontario igaming market reaches $6bn in Q2 betting
iGaming Ontario also reported an uptick in active player accounts
iGaming Ontario (iGO) has posted its second quarter of operations market performance report for the Ontario igaming market, reporting progress on Q1’s figures as total wagers rose by close to $2bn.
For the period from July 1 through September 30, iGO stated total wagers of $6.04bn for Q2, an uptick on Q1’s $4.07bn. This handle does not include promotional wagers.
The Ontario regulator registered $267m in total gaming revenue for operators during the quarter, an improvement 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 also rose compared to 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 the time being, iGO is continuing to not offer a breakdown of these quarterly figures per operator or vertical. It will also keep releasing updates on the market on a quarterly basis at a minimum for now.
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.