Various studies have been conducted, and they have found that gamblers in Ontario have actually wagered over $6 billion on casino, sports, and even ESports. They have done this in the three months that led up to the end of September. Ontario’s new legal betting market has grown exponentially in the second quarter, and they have managed to rake in a total of $267 million in gaming revenue. It looks like more and more players and websites are now supporting sporting websites along with eSports wagering. When you look at the second round of figures that have been released, you will soon see that there has been an increase of 65% in gaming revenue for the province in general. The report covers the period between July and the end of September.
The online casino industry has grown globally in the last couple of decades as technology has improved, as has customer demand. Providers compete against each other with extensive catalogues, casino bonuses for Ontario players, VIP schemes, and customer service to set themselves apart. It’s a potent industry for innovation on a business level and a technological one.
Total Wagers
If you look at the total wagers placed, you will soon see that this has rocketed by 48%, and this is huge, to say the least. Of course, the latest reports do show that the market has grown to well over 24 operators and that they run 42 different websites. This is a very large increase when you look at the fact that they went from 18 to a total of 31 sites in the quarter before. Active player accounts, and the average monthly spending, has increased as well. Ottawa have made a move to try and legalise a brand-new form of betting in the summer, and this has helped to lead to the increase. They have now allowed individual sports as well as gaming and events. Ontario have worked hard to try and set themselves apart from various other provinces too. A lot of this comes down to the fact that they are now allowing a lot of private companies to compete with betting outlets. A lot of the betting outlets are actually government-run, so it is important to keep this in mind.
IGO’s Latest Figures
The latest figures from IGO currently show that the industry is gaining a lot of traction, and it looks like revenue is back on track when you look at the early forecasts too. A US consulting firm known as VIXIO have come out to say that they believe the Ontario gaming market to be worth over $1.6 billion. Of course, any private companies that worked within the industry were able to take their very first bets on the 4th of April. Right now, it would seem that the promise of having an open yet competitive market has worked wonders, and it has led to a huge spur in gambling as well. There are, however, restrictions on things such as free bets, so it is important to keep things like this in mind if you want to sign up with a casino provider.
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