Ontario Sports Betting: Provincial iGaming Surges in Second Quarter, iGO Figures Show
iGaming Ontario reports that the province's internet-gambling market in the second quarter of this year attracted $6 billion in wagers. The first quarter's total wagering was $4.1 billion. Active player accounts stood at 628,000 as of the end of September, compared to 492,00 for the previous period. The average monthly spend by players increased to $142 from $113. iGO's figures do not include gambling done on the website of government-owned Ontario Lottery and Gaming Corporation.
Ontario's gaming industry is keen to enter the market. The early numbers haven't wowed observers, but the second-quarter results are a marked improvement. Some operators keep taking bets from Ontarians and have yet to entered the province's regulated market, irking others that have.
AGCO will end the transition period for operators. Regulators will take appropriate action against any registrant that does not meet the new standard. iGO figures show that iGaming in Ontario increased in the second quarter. Residents spend an estimated $700 million a year on online gambling in Canada.
