iGambling Ontario (iGO) has released its first public report of market performance since the Ontario igambling market launched on April 4. The report covers the first full quarter of market operations, ending on June 30. Revenue for the period was CA$162m from wagers of $4bn.
There are 18 operators active across 31 gambling websites and 492,000 active players. Players have spent an average of $113 a month. Operators include US giants such as DraftKings, and Bally Bet, international groups such as Entain and local operators like North Star.
iGO chairman Dave Forestell said: “Our aim is to be the best gambling jurisdiction in the world and these positive results are an early sign that we’re on our way,” said “With a competitive revenue share rate and low barriers to entry, Ontario is an attractive igambling market with a strong player base.”
As part of its commitment to sharing aggregate revenue and market insight reports, iGO intends to release, at minimum, a market report on a quarterly basis. In future, iGO also intends to provide reports on metrics related to gambling product segments; player protections; player demographics; and economic impact of the igambling industry.
Betano is one of the most recent companies to receive a supplier license in Ontario. The license is valid until August 16, 2023 and covers the Betano.ca website.
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