{"id":20136,"date":"2024-04-18T12:02:48","date_gmt":"2024-04-18T12:02:48","guid":{"rendered":"https:\/\/instantcasinos.com\/?p=20136"},"modified":"2024-04-18T14:06:17","modified_gmt":"2024-04-18T14:06:17","slug":"ontario-igaming-revenue-sees-72-increase-during-2023-2024-period","status":"publish","type":"post","link":"https:\/\/instantcasinos.com\/blog\/ontario-igaming-revenue-sees-72-increase-during-2023-2024-period\/","title":{"rendered":"Ontario iGaming Revenue Sees 72% Increase During 2023-2024 Period"},"content":{"rendered":"

Ontario has seen a positive rise in the iGaming industry during the 2023-24 financial year, as the Ontario iGaming revenue increased by 72% from the previous year.<\/strong><\/p>\n

Ontario iGaming Revenue Up 72%<\/h2>\n

The Canadian province’s market, which is an umbrella to the body who formulates financial reports, revealed that a Q4 revenue of $690 million boosted the final total hugely.<\/p>\n

During this period, around $17.8bn was wagered which added to the final total for the year of $63bn – which is a 78% increase year-on-year without promotional bets.<\/p>\n

iGaming Ontario Executive Director, Martha Otton, revealed the huge increase within the province’s revenue and how it will continue to progress in the coming years.<\/p>\n

She said: \u201cWith $63bn in wagering and $2.4bn in gaming revenue, the second year of Ontario\u2019s igaming market is more than 70 per cent bigger than the first,\u201d<\/p>\n

\u201cAs the market matures into its third year, I look forward to building on this foundation of success with operators and other partners as they invest in Ontario so that Ontarians can continue to play with confidence.\u201d<\/p>\n

According to iGaming Ontario, online casino stakes managed to reach $51.7bn during 2023-24 and the betting figure reached $9.7bn.<\/p>\n

Another key factor was the addition made by P2P poker, as the gambling business made a contribution of $1.6bn in bets during the same period.<\/p>\n

Q4 was not the only key section of this increase of revenue throughout the year, as Q2 also brought a 21% increase with wagering bringing in $17.2bn.<\/p>\n

Additionally, the total gaming revenue in Q2 reached $658m and saw a 22% increase when comparing the total to the previous year.<\/p>\n

Casino gaming revenue continued to ascend during Q4, reaching $510m and finishing on a final total of $1.8bn – highlighting the value of casino gambling.<\/p>\n

Another interesting section of the report from Ontario was the average monthly spend for Ontario gamblers, as it came out to $186 across the year.<\/p>\n

Check out Instant Withdrawal Casinos<\/a> for the quickest cashouts in the iGaming industry.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ontario has seen a positive rise in the iGaming industry during the 2023-24 financial year, as the Ontario iGaming revenue increased by 72% from the previous year. Ontario iGaming Revenue Up 72% The Canadian province’s market, which is an umbrella to the body who formulates financial reports, revealed that a Q4 revenue of $690 million … <\/p>\n","protected":false},"author":60,"featured_media":20182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-20136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feature"],"acf":[],"yoast_head":"\nOntario iGaming Revenue Sees 72% Increase During 2023-24<\/title>\n<meta name=\"description\" content=\"Ontario has seen a positive rise in the iGaming industry during the 2023-24 financial year, as the Ontario iGaming revenue increased by 72%.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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