Ontario iGaming market, overseen by the Alcohol and Gaming Commission of Ontario (AGCO) and iGaming Ontario (iGO), has reached an estimated $1.4 billion in total gaming revenue in the first year since its launch on April 4, 2022. This figure places the province among the top five North American iGaming jurisdictions.
Total Wagers and Revenue
iGO reported that Ontario’s iGaming market generated an estimated $35.6 billion in total wagers in the first year. This amount excludes the Ontario Lottery and Gaming Corporation (OLG), which is not included in iGO’s figures. The revenue generated by the iGaming market will be used to fund programs and services in the province, such as healthcare, education, and infrastructure.
Ontario’s iGaming market has exceeded expectations since its launch, and the figures released by iGO demonstrate its significant impact on the province’s economy. The success of the market can be attributed to the regulatory framework put in place by AGCO and iGO, which has ensured that the market is safe and fair for players.
Player Accounts Growth
According to iGO, there has been over 1.6 million active player accounts on websites run by operators partnered with iGO between April 4 and June 30, 2022. This number is expected to grow as more operators enter the market, which will lead to higher revenues for the province.
Ontario’s regulated iGaming market has achieved significant success in its first year, paving the way for future growth and revenue generation that will provide additional benefits to the people of the province.
iGO’s Role
iGO is responsible for the regulation and oversight of Ontario’s iGaming market, working closely with AGCO to ensure that operators comply with the regulations put in place to protect players and maintain the integrity of the market.
iGO’s CEO, Sarah Kinnear, has stated that the organization is pleased with the results of the market’s first year and looks forward to its continued success. She emphasized the importance of responsible gambling practices and the need to protect players from harm.
Conclusion
Ontario’s regulated iGaming market has emerged as one of North America’s top five jurisdictions in its first year, generating an estimated $1.4 billion in total gaming revenue. The market’s success can be attributed to the regulatory framework put in place by AGCO and iGO, which has ensured that the market is safe and fair for players.
The revenue generated by the market will be used to fund programs and services in the province, providing additional benefits to the people of Ontario. As the market continues to grow, iGO and AGCO will work together to ensure that the market remains safe and fair for players while providing a significant source of revenue for the province.
Charisse is a content contributor for Kika Casino. With a passion for audience experience and a focus on reliability, Charisse delivers fact-checked articles covering industry news and gaming tips.