Ontario iGaming revenue rises to CAN$313.2 million in April

Casino games generated a remarkable $242.8 million in iGaming revenue within Ontario in April.

In April, the gross iGaming revenue for Ontario surged by 25.3% year-on-year, reaching CA$313.2 million (approximately US$228.7 million). Notably, this figure reflects an upward trend despite a dip in consumer spending, illustrating the resilience of the sector.

According to data from iGaming Ontario, the monthly revenue exceeded the $250 million mark in April 2024, standing 5.8% higher than the $296 million recorded in March 2023.

Casino gaming played a pivotal role, contributing $242.8 million—a significant 35.6% increase compared to the previous year. Sports betting, on the other hand, stabilized with revenue of $64.5 million, mirroring last year’s figures, while poker garnered $5.9 million, marking a 3.5% rise.

Market share analysis reveals that online casinos dominated the landscape, accounting for 78% of total revenue in April. Sports betting constituted 21%, with poker trailing at just 2%.

Spending Trends Among Ontario Players

Total betting activity saw a robust growth, reaching $7.8 billion in April. This marks a 26.4% increase from the previous year; however, it fell short by 2% compared to the $8 billion wagered in March 2023.

Online casino betting exhibited a notable increase, climbing 29.4% year-on-year to $6.58 billion. Sports betting also showed resilience, posting a 14.1% rise to $1.07 billion. Conversely, poker wagers remained steady at $144 million, although all market segments experienced slight month-on-month declines.

Additionally, iGaming Ontario reported active monthly player accounts reaching an impressive 1.1 million in April, representing a 20.3% growth from the previous year and a 2.8% increase from March.

Average revenue per active player account showed a positive trend, rising by 4% year-on-year to $287, reflecting a 2.9% increase from March.

This dynamic landscape underscores the vitality of Ontario’s iGaming sector, highlighting consumer behavior and revenue streams that continue to evolve in response to market forces. As the industry adapts, staying informed on trends and metrics will be essential for stakeholders looking to capitalize on growth opportunities.