Ontario hits all-time high for iGaming in Q4 2023

IGaming, Ontario, reported on Wednesday afternoon that the second year of regulated sports betting and iGaming totaled $63 billion in wages and $2.4 billion in revenue.

Record fourth-quarter results from Jan. 1 to March 31 put total bets at $17.8 billion, a 78% increase during the first year of the market between April 2022 and April 2023. Total gaming revenue in the fourth quarter was $690 million, setting the stage for a 72% increase from the first year.

Martha Otton, managing director of iGaming Ontario, said, "The second-year gaming market in Ontario grew by more than 70% from the first year, with $63 billion in bets and $2.4 billion in gaming revenue." "As the market matures into its third year, I look forward to building the foundation for success with operators and other partners investing in Ontario so that people in Ontario can continue to play games confidently."


Also in the iGO news release:

Casino wages were $14.6 billion in the fourth quarter and $51.7 billion in 2023, up 88% from 2022. Casino games include slots, live and computer-based table games and peer bingo.

Casino gaming revenue in Q4 was $510 million, and in 2023, it was $1.8 billion, an 89% increase over 2022.

Betting bet amounts in the fourth quarter were $2.7 billion, up 39% from 2022 to $9.7 billion in 24. Betting includes sports, esports, offers and novelty bets, and exchange bets.

Betting game revenue in the fourth quarter was $161 million, with 24 in 2023 ending at $588 million, a 36% increase over 2022.

Peer topper (P2P) poker bets closed at $446 million in the fourth quarter and ended 2023 at $1.6 billion, a 64% increase over 2022.

Peer poker game revenue was $19 million in the fourth quarter, and 24 years in 2023 was $67 million, an increase of 67% compared to 2022.

Earlier this month, on the second anniversary of Ontario's legal market, the Ontario Alcohol and Gaming Commission released an IPSOS survey showing that just over 86% of Ontario residents gambling use regulated websites.

This week, iGO announced the casino time launch as its 48th licensed operator.

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