Online Casino Handle in Ontario Hits 89% Market Share

In the typically slower summer months for sports betting, the dominance of online casino gaming continues to shine in Ontario. Key Highlights: Discover everything you need to know about choosing the perfect online casino, from top-rated gaming platforms to the most rewarding bonuses available today.

• Online casino market share rises compared to previous month
• Sports betting experiences a 10% month-over-month decline in wagers and revenue
• Overall market handle increases by 4% month-over-month

In the typically slower summer months for sports betting, the dominance of online casino gaming continues to shine in Ontario. Recent market performance data reveals that the online casino sector has captured a remarkable 89% market share, signalling strong consumer interest and engagement.

4% Increase in Overall Handle

Total cash wagers in Ontario reached CAD $7.56 billion in July, marking a four percent increase from June’s total of CAD $7.25 billion. The revenue generated from these wagers stood at CAD $311 million, demonstrating a modest month-over-month growth of one percent.

Despite the growth in overall wagering, the number of active player accounts saw a six percent decrease, dropping to 948,000. However, the average revenue per active player account rose to CAD $328, reflecting an eight percent increase.

Casino Dominates the Market

Detailed handle statistics indicate that online casino wagering accounted for CAD $6.73 billion in July, up six percent from the previous month. This figure underscores the market’s dominance, reflected in the 89% market share enjoyed by online casinos.

In terms of revenue, the online casino sector brought in CAD $252.3 million for July, which is a four percent increase increase from June, capturing an impressive 81% revenue share within the market. In contrast, the sports betting sector faced a significant downturn, witnessing a ten percent month-over-month decline in cash wagers amounting to CAD $688 million, resulting in a mere nine percent market share of wagers.

Revenue for sports betting was calculated at CAD $52.7 million; a ten percent decrease, translating to a 17% market share.

Poker Performance

The P2P poker segment also performed well, with cash wagers amounting to CAD $139 million, up five percent from June. Revenue climbed to CAD $5.9 million, a 10% month-over-month increase, holding steady at a two percent market share.

Emerging Trends in Sports Betting

As the Ontario regulated market continues to prioritize online casino offerings, licensed operators remain focused on expanding their content. Notably, Caesars Entertainment recently debuted a new exclusive slot title in Ontario, named ‘Caesars Treasure Trio’.

Currently, the province holds licenses for 50 iGaming operators, with a total of 87 gaming websites operational. The market’s total handle in July alone was recorded at CAD $6.09 billion, further highlighting the sector’s growth trajectory.

In conclusion, Ontario’s online gaming landscape is on the rise, characterised by increased revenue and changing consumer preferences. With a significant market share held by online casinos, this sector continues to flourish, offering exciting opportunities for both players and operators alike.

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