{"id":4952,"date":"2024-07-30T10:47:06","date_gmt":"2024-07-30T14:47:06","guid":{"rendered":"https:\/\/bestsportsbettingcanada.ca\/?p=4952"},"modified":"2024-07-30T10:47:06","modified_gmt":"2024-07-30T14:47:06","slug":"ontario-online-poker-market-continues-to-outperform-legal-u-s-states","status":"publish","type":"post","link":"https:\/\/bestsportsbettingcanada.ca\/blog\/2024\/07\/30\/ontario-online-poker-market-continues-to-outperform-legal-u-s-states\/","title":{"rendered":"Ontario Online Poker Market Continues To Outperform Legal U.S. States"},"content":{"rendered":"<p>The <a href=\"https:\/\/bestsportsbettingcanada.ca\/ontario\/betting-apps\/\">Ontario online poker<\/a> market continues to dominate two successful U.S. gambling markets: New Jersey and Pennsylvania. Both states saw a decline in revenue in the second quarter. According to data from regulatory agencies in all three jurisdictions, the Canadian province maintains a slight edge in revenue per capita.<\/p>\n<h2>Ontario online poker revenue increased by 3.4% year-over-year<\/h2>\n<p>On Wednesday, the provincial regulator iGaming Ontario (iGO) reported revenue from online poker totaled $11.7 million (CAD $16 million) during the first quarter of 2024.<\/p>\n<p>Ontario online poker revenue also expanded by 3.4% year-over-year. Additionally, the province\u2019s poker operators combined for nearly $11.3 million in the first quarter of 2023.<\/p>\n<p>Canada\u2019s most populous province reported a total gambling handle of $18.4 billion in the second quarter of 2024. That&#8217;s a 31% increase compared to the same period last year.<\/p>\n<p>Ontario still has the largest per capita revenue from online poker in North America, surpassing New Jersey and Pennsylvania. Online poker represented 3.8% of Ontario\u2019s iGaming revenue in Q3 2023, compared to 1.6% and 1.7% in New Jersey and Pennsylvania respectively.<\/p>\n<p>In 2023, Ontario made 81 cents per capita from poker in Ontario in Q3. That was just one cent better than New Jersey, but Pennsylvania was almost 25 cents lower.<\/p>\n<h2>Ontario&#8217;s 50 operators generated $726 million in total gaming revenue in the second quarter of 2024<\/h2>\n<p>Moreover, Ontario\u2019s 50 operators generated $726 million in total gaming revenue during Q2 2024, a 34% climb compared to Q2 2023. The numbers include online casinos, sports betting, and poker.<\/p>\n<p>The province&#8217;s licensed operators reported nearly 1.9 million active player accounts in Q2 2024. It was a step in the right direction. For comparison, total active player accounts in Q2 2023 reached about 920,000.<\/p>\n<p>Casino games led Ontario\u2019s figures for Q2 2024. Those include slots, live and computer table games, and peer-to-peer bingo. Ontarian gamblers wagered $15.5 billion on casino games in Q2 2024, accounting for approximately 84% of total wagers placed in the province.<\/p>\n<p>Of course, the casino game handle closed at $11.6 billion during last year&#8217;s second quarter. The casino games helped operators in Q2 to generate $529 million in gaming revenue, contributing 73% of the total revenue. In Q2 2023, casino game revenue reached $393 million.<\/p>\n<p>Revenue estimates for both 2024 quarters were reported in CAD and converted to USD using historic monthly exchange rates provided by The Bank of Canada.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ontario online poker market continues to dominate two successful U.S. gambling markets: New Jersey and Pennsylvania. Both states saw a decline in revenue in the second quarter. According to data from regulatory agencies in all three jurisdictions, the Canadian province maintains a slight edge in revenue per capita. Ontario online poker revenue increased by &hellip; <\/p>\n","protected":false},"author":54,"featured_media":4954,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[36,1],"tags":[44,42,41,37,38,40],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ontario Online Poker Market Continues To Outperform Legal U.S. States<\/title>\n<meta name=\"description\" content=\"The Ontario online poker market continues to dominate two successful U.S. gambling markets: New Jersey and Pennsylvania. 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