iGaming Ontario Reveals Online Revenue Up by 105% in Q2 FY23-24

iGaming Ontario has released its latest quarterly report revealing that online gambling revenues increased by 105% year-on-year in Q2 of FY23-24.
Wagers increased by 132% year-on-year

According to the report, total wagers made throughout Q2 of FY23-24 (July 1st – September 30th) came to CA$14.2 billion ($10.4 billion). This represented a 132% increase from Q2 FY22-23 and a 1.4% increase from the prior reporting period.

Combined revenue for the period came to CA$540 million ($395 million), down slightly from the record CA$544 million ($398 million) reported in Q1, but an increase of 105% on the same period last year.

According to the latest Canadian gambling statistics, the number of active player accounts grew by 2.5% from 920,000 in the previous quarter to 943,000 during Q2. The average monthly spend per active player account dropped slightly from CA$197 ($144) to CA$191 ($140).

Casino Gaming the Driving Force

Ciaran McEneaney

iGaming Ontario Reveals Online Revenue Up by 105% in Q2 FY23-24