iGaming Ontario: Highlights From Q3 Performance
We are excited to share that our team will be at the ICE London expo. The event is happening from Feb 6–8 at Excel London. If you are interested in learning about the latest trends in iGaming and Sports betting in Canada, schedule a meeting with our team.
Ontario’s iGaming industry continues to grow at a rapid pace, according to market performance reports published by iGaming Ontario. These quarterly reports offer valuable insights into the conduct and management of online gaming in the province, including details on financial transactions, active player trends, operator activity, and consumer behavior.
The data from the fiscal years 2022–23 and 2023–24 shows a clear upward trajectory, positioning Ontario as a leader in Canada’s regulated iGaming sector and a key player in North America’s broader online gambling market.
Q3 2022–23 Performance Highlights
Ontario’s regulated iGaming market showed strong performance in the third quarter of the 2022–23 fiscal year:
Total Wagers: $11.53 billion (up 91% from Q2)
Gaming Revenue: $457 million (up 71% from Q2)
Operators: 36 registered operators (50% increase)
Sites Offered: 68 gaming websites (62% increase)
Active Player Accounts: 910,000 (45% growth)
Average Monthly Spend: $167 per active account (18% increase)
These numbers reflect growing confidence in the market and the strength of the management board overseeing regulatory compliance and consumer protections.
Q3 2023–24 Performance Highlights
The momentum continued into Q3 of the following fiscal year:
Total Wagers: $17.2 billion (21% increase over Q2)
Gaming Revenue: $658 million (22% increase over Q2)
Operators: 47 active gaming operators
Sites Offered: 72 registered websites
Active Player Accounts: 1.2 million
Average Monthly Spend: $186 per active account
The consistency in operator and website numbers indicates a mature, stable market, while the growth in active users and spend reflects increasing player engagement.
Year-over-Year Growth Comparison
A comparison between Q3 of the two fiscal years reveals important trends:
Wagers & Revenue: Up by 21% and 22% respectively
Operators & Websites: Stable growth with sustained market participation
Active Players: Increased by over 30%, from 910,000 to 1.2 million
Player Spend: Rose from $167 to $186—a $19 increase year-over-year
These results demonstrate the strong conduct and management of Ontario’s iGaming ecosystem, and the impact of effective provincial oversight.
What This Means for Merchants and Affiliates
Ontario’s growing iGaming market plays a vital role in the future of Canada’s online gambling system. From online casinos to sports betting apps, consumers have access to a wide variety of sites offered, giving operators multiple ways to compete and grow their share of financial transactions in the sector.
With interest from both provincial and federal government stakeholders, the regulatory environment is set to evolve. These changes could bring common rules and even greater protections for consumers—while creating a more unified national strategy for online gaming.
Final Thoughts
Ontario’s quarterly iGaming reports help everyone in the ecosystem—from fintech providers to affiliate marketers—understand where the market is headed. With consistent growth in user activity, revenue, and betting volume, Ontario remains one of the most important iGaming markets to watch in Canada and North America.
As new technologies, seasonal sporting events, and government policies continue to shape the landscape, these performance insights are key to making smart, data-driven decisions in a competitive and fast-moving environment.
