Ontario’s online gaming revenue surges by 20.8% in the fourth quarter

iGaming Ontario reports a significant revenue of $415.5 million for the fourth quarter, with a total of $10.2 billion in wagers placed from January 1 to March 31 in the Canadian province.

iGaming Ontario (iGO) has released its market performance report for the fourth quarter, revealing impressive growth in Ontario’s online gaming industry. Between January 1 and March 31, a total of $10.2 billion was wagered, marking a significant increase of 20.8% compared to $8.5 billion in Q3. In just one year since its launch on April 4, 2022, Ontario’s legal online gaming market has generated a staggering $26.5 billion in wagers.

In terms of revenue, the Canadian province recorded $415.5 million in Q4, showing a notable rise of 13.6% compared to Q3 and bringing the annual figure to $1.4 billion.

Ontario’s regulated online gaming market has attracted over 1.6 million active player accounts on websites operated by more than 40 operators with agreements with iGaming Ontario, making it a highly competitive market. In Q4, 1.01 million accounts were active, and players spent an average of $128.64 per month.

The report also highlighted the most popular sports for betting during the first year, with basketball leading the way at 28% of total betting wagers, followed by soccer at 15%, football at 14%, hockey at 9%, and baseball at 8%. The impressive growth and popularity of Ontario’s online gaming industry in just one year underscores the strong demand and potential for further expansion in the province.

Wazdan inks a new agreement with Caesars Sportsbook & Casino in Ontario

Wazdan, a leading online casino game provider, has inked a new agreement with Caesars Sportsbook & Casino in Ontario. Wazdan obtained a license from the Alcohol and Gaming Commission of Ontario in May 2022, allowing it to operate in the region.

As part of the deal, Caesars Sportsbook & Casino will now feature Wazdan’s extensive portfolio of slots, including its acclaimed title “9 Coins,” which has been nominated for the prestigious Best New Game category at the EGR North America Awards 2023. This partnership will enable players in Ontario to enjoy Wazdan’s innovative and exciting games through Caesars Sportsbook & Casino, further enhancing the online gaming experience in the region.