Ontario’s on-line playing market recorded a historic excessive in Q3 of the 2024-25 fiscal yr, with whole spending reaching CA$22.7 billion. This marks a 32% improve in comparison with the identical interval final yr and a 22% rise from the earlier quarter. iGaming Ontario, answerable for regulating the province’s on-line gaming sector, has additionally transitioned from quarterly to month-to-month reporting, offering extra frequent insights into market developments.
Record-breaking on-line on line casino spending
The on-line on line casino phase continued to dominate, accounting for CA$18.9 billion in wagers throughout Q3. This determine represents a 38% year-on-year development and maintains its place because the main phase in Ontario’s on-line gaming market. Meanwhile, sports activities betting, which incorporates esports, generated CA$3.4 billion in wagers, reflecting a ten% improve in comparison with the earlier yr. Peer-to-peer poker noticed a slight decline, with wagers amounting to CA$418 million, down by 3%.
Revenue figures additionally mirrored development, with the full reaching CA$826 million for Q3. This represents a 26% improve in comparison with the earlier fiscal yr and a 12% rise from the earlier quarter. The on-line on line casino sector contributed CA$644 million in income, exhibiting a 37% year-over-year improve. However, sports activities betting income dropped 3% to CA$166 million, whereas poker income noticed a 6% lower to CA$16 million.
The market featured 50 energetic operators working a complete of 83 gaming web sites in the course of the quarter, providing a variety of gaming choices to Ontario gamers.
December efficiency highlights
Ontario’s month-to-month efficiency report for December 2024 confirmed a brand new excessive for on-line playing exercise, with whole spending reaching CA$7.8 billion. This represents a 28% improve in comparison with the earlier yr and a 4% rise from November. Online on line casino spending accounted for CA$6.5 billion, marking a 33% year-on-year improve and establishing a brand new month-to-month file.
Sports betting for December reached CA$1.1 billion, a rise of 9% in comparison with the earlier yr, whereas poker spending declined by 8% to CA$141 million. In phrases of income, December recorded CA$269.3 million, a 19% year-over-year improve. However, this whole fell 10% wanting November’s file income of CA$291 million. Online on line casino income amounted to CA$224 million, up by 36%, whereas sports activities betting income decreased by 28% to CA$39 million, and poker income dropped by 7% to CA$5.6 million.
The new month-to-month reporting construction launched by iGaming Ontario permits for extra detailed monitoring of market developments. The up to date reporting format contains knowledge damaged down by month and offered in a multi-tab Excel format, enabling stakeholders to entry insights on a rolling 13-month foundation.
Source:
Ontario iGaming Market Performance Report, igamingontario.ca, January 22, 2025.
