Last Thursday, iGaming Ontario reported a handle of $18.7 billion in Q2 from online sports betting, casinos, and poker. It was the fourth consecutive quarter with a handle of $17 billion or more. The amount wagered in Ontario for Q2 was a 31.7% year-over-year increase compared to the $14.7 billion from 2023. Ontario’s $18.7 million handle was just enough to beat out their $18.4 million handle from Q1.
From July 1 to September 30, 51 gaming operators and 83 gaming websites in Ontario claimed $738 million in revenue. They saw a 35.7% increase from their figures in Q2 in 2023 and a 1.7% increase from Q1 in 2024. Active player accounts in Ontario collected more than $1.3 million worth of wagers in Q2. The average player in Ontario averaged $308 in wagers per month. Up from the $286 monthly in Q1.
How successful were casino games in Ontario for Q2?
With a $16 billion handle in Q2, Ontario casino wagering was up 86% year-over-year. That was a 35.4% year-over-year increase. Ontario’s Q2 revenue of $553 million was a 36% year-over-year rise. Wagers for online gaming in Ontario include slots, live and computer-based table games, and peer-to-peer bingo.
Sports betting in Ontario generated $2.2 billion in wagers for Q2 in 2024. That was a tiny jump from the previous year while the Q2 handle was down 12% from Q1. Additionally, the $167 million in revenue was up 41.5% year-over-year. However, that was $14 million fewer in revenue than they saw in Q1 of 2024. Peer-to-peer poker’s handle in Q2 was a 5% year-over-year increase to $417 million.
Ontario is still the only province in Canada that has a competitive sports betting market. Single-game online Ontario sports betting was first legalized in August 2021. iGaming followed with a launch in April 2022. The data above comes from “all eligible games offered by operators pursuant to an operating agreement with iGaming Ontario.” The most populated province in Ontario and they will continue to thrive in Canada until another market can challenge them.
