Ontario's online gambling market performed strongly in October, setting new records for total bets and revenue for the third consecutive month. The total player betting amount reached 9.25 billion Canadian dollars, with revenue exceeding 367.7 million Canadian dollars, demonstrating the market's continued active status.
Market Overview and Record Spending
In October, the total betting amount for online gambling in Ontario reached 9.25 billion Canadian dollars, an increase of 8% from 8.55 billion Canadian dollars in September, and a significant 24% increase from the same period last year. Honestly, this growth rate is indeed impressive. The number of active player accounts also increased to 1.3 million, with an average revenue contribution of 286 US dollars per account—more data on the performance of the global iGaming market is available in detailed quarterly analysis reports on the PASA official website.
Performance Analysis of Various Gambling Categories
Online casino games remain the most popular form of gambling, with a betting amount of 7.89 billion Canadian dollars, accounting for 85% of the total market share. Sports betting amounted to 1.23 billion Canadian dollars, a 16% increase from the previous month, accounting for 13% of the total betting amount. In contrast, online poker showed a slight decline, with betting amounts decreasing by 9% to 131 million Canadian dollars, although this category naturally has a smaller market share.
Revenue and User Data Highlights
From a revenue perspective, the total revenue in October reached 367.7 million Canadian dollars, a 9% increase from the previous record set in May, and an even higher year-over-year increase of 38%. Online casino revenue exceeded 303.8 million Canadian dollars, sports betting revenue increased by 25% month-over-month, and online poker revenue also grew against the trend by 10% to 5.6 million US dollars. The main operators in the market include well-known brands such as FanDuel, BetMGM, Bet365, and BetRivers.
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This article is from "PASA-Global iGaming Leader" gambling news channel:https://t.me/pasa_news
Original in-depth gambling channel:https://t.me/gamblingdeep
Free data reports: @pasa_research
PASA Matrix: @pasa002_bot
PASA official website: https://www.pasa.news
