Ontario Triples Online Gambling Profits vs. Other Provinces

Ontario’s online gambling sector has made a remarkable leap forward, outpacing other Canadian provinces by a significant margin. Based on reports for the 2022-23 fiscal year, Ontario has recorded a staggering CA$1.961 billion in iGaming revenue. This figure notably surpasses those of British Columbia (CA$440 million), Québec (CA$403.9 million), and the Atlantic provinces (CA$100.1 million)​​. The province’s success can be attributed to its large population and the successful implementation of a regulated iGaming framework, which has led to a highly competitive market with over 47 active operators.

In the first quarter of 2023 alone, Ontario’s sports-betting industry reported an impressive revenue of $2 billion​​. This robust performance is part of a broader trend in the province’s gaming sector, which saw more than $14 billion in total bets within the first year of its regulated market, with online casinos generating $392 million in overall gaming revenue​​.

Ontario’s approach to online gambling, which includes a mix of state-run and private market operators, sets it apart from other provinces. This has led to calls for Québec to embrace a regulated iGaming framework. In the summer of 2023, the Québec Online Gaming Coalition, comprising major gaming operators, was formed to work with the government towards establishing a new regulatory framework​​.

For more insights into Ontario’s thriving iGaming sector and the broader Canadian gaming market, interested readers can explore comprehensive resources and news updates from Global News. Additionally, those considering entering the Ontario online gambling market can find valuable information from our guide here.