Gaming revenue in Ontario saw a significant increase in its third quarter, reaching CA$658m ($486.8m/£384.3m/€448.4m) as of December 31st, 2023. This growth represents a 22% increase from the previous quarter and encompasses all cash wagers, rake fees, and tournament fees collected in the province.

Ontario’s gaming market is regulated by iGaming Ontario, a subsidiary of the Alcohol and Gaming Commission of Ontario (AGCO). The market is home to several major operators, including PointsBet, Rush Street Interactive, Bet365, and FanDuel.

Player spending in the third quarter also saw a significant increase, reaching $17.2bn, excluding promotional wagers. Online casino games accounted for $471m of the total gaming revenue for the quarter, marking a 15.7% increase from the previous quarter. Betting and peer-to-peer poker represented $171m and $17m in revenue, respectively.

In terms of total wagers, online casino games accounted for 79% of all wagers, reaching $13.7bn. Betting and peer-to-peer poker generated $3.1m and $431m, respectively.

Year-on-year comparisons showed a 44.0% increase in online gaming revenue and a 49.1% increase in player spending. The number of operators and gaming websites active in Ontario also increased, with 72 gaming websites and 49 operators active in the province during the third quarter.

Active player accounts also saw a significant increase, reaching 1.2 million, marking a 31.8% yearly increase. The average monthly spend per active account was recorded at $186, showing an increase of $19.

In terms of regulation, the AGCO issued a $150,000 fine to PointsBet Canada for breaching responsible gambling provisions during the third quarter. Additionally, iGaming Ontario announced a request for proposals for the development of a self-exclusion service in the province. Penn Entertainment also secured partnerships for its ESPN Bet and theScore Bet brands to become the official sports betting partners of the National Hockey League.

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