The second full quarter of regulated iGaming on a competitive market in Ontario, Canada’s most populous province, has generated revenue of 267 million Canadian dollars as consumers in the province staked a combined 6.04 billion Canadian dollars on sports betting and iGaming during this period.
The revenue of 267 million dollars represents a significant increase compared to the 162 million Canadian dollars in revenue that were generated during the first quarter since the market opened in Ontario on April 4.
The total stakes of 6.04 billion Canadian dollars also represented a sharp increase compared to the 4.07 billion dollars that were staked during the first quarter, which ended on June 30. In precise numbers, the increase is 48.4 percent in the second quarter compared to the first.
The number of licensed operators in the province has also seen a noticeable increase. At the end of the first quarter there were just 18 licensed operators in Ontario, while at the end of September the number went up to 24. Moreover, the number of active websites in the business surged from 31 to 42.
In fact, several high-profile international online casino brands have received licenses to operate in Ontario during the second quarter. One such example is PokerStars, which was granted a license in July.
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