{"id":7603,"date":"2024-07-25T05:25:10","date_gmt":"2024-07-25T05:25:10","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/07\/25\/ontarios-igaming-market-thrives-in-q1-2024\/"},"modified":"2024-07-25T05:25:10","modified_gmt":"2024-07-25T05:25:10","slug":"ontarios-igaming-market-thrives-in-q1-2024","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/07\/25\/ontarios-igaming-market-thrives-in-q1-2024\/","title":{"rendered":"Ontario\u2019s iGaming Market Thrives in Q1 2024"},"content":{"rendered":"<div>\n<p>Ontario\u2019s iGaming sector has shown remarkable growth in the first quarter of the 2024-25 fiscal year. iGaming Ontario\u2019s latest market performance report highlights significant increases in both gaming revenue and total handle.<\/p>\n<p>During Q1 2024, Ontario saw its total handle reach CA$18.4 billion (US$13.3 billion), marking a 31% increase compared to the previous year. Gaming revenue also saw a substantial rise, climbing from CA$540 million in Q1 2023 to CA$726 million in Q1 2024.<\/p>\n<p>Casino games led the way, with slots, live and computer-based table games, and peer-to-peer bingo making up nearly 84% of total wagers. These games also contributed to 73% of the total gaming revenue. Martha Otton, Executive Director of iGaming Ontario, noted, <em>\u201cWith 50 regulated Operators and a one-third increase in wagering and revenue figures over the first quarter of last year, Ontarians who choose to gamble are finding many enjoyable options in our open regulated igaming market.\u201d<\/em><\/p>\n<h2>Betting and Poker Contributions<\/h2>\n<p>Betting, including sports, esports, proposition, novelty bets, and exchange betting, accounted for CA$2.5 billion of total wagers and generated CA$181 million in gaming revenue. Meanwhile, peer-to-peer poker brought in CA$402 million in wagers and CA$16 million in gaming revenue.<\/p>\n<p>On July 22, it was revealed that Ontario\u2019s iGaming sector had contributed a combined total of <a href=\"https:\/\/igaming.org\/casino-news\/ontarios-igaming-industry-boosts-government-revenues-by-1-24-billion\/\">$1.24 billion<\/a> to federal, provincial, and municipal government revenues. According to Deloitte\u2019s \u201cEconomic Contributions of Ontario\u2019s Regulated iGaming Market \u2013 Year 2\u201d report, the industry also sustained nearly 15,000 jobs.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/kats-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Kats Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/12\/kats-casino-1.jpg.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/kats-casino\/\" title=\"Kats Casino\" target=\"_blank\" rel=\"nofollow noopener\">Kats Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>250% Extra + $125 Free Chip!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. 250% on 1st Deposit + $125 Free Chip<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/kats-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Otton emphasized the broader benefits of this revenue, stating, <em>\u201cThe revenue generated by Ontario\u2019s competitive igaming market contributes directly to provincial priorities such as infrastructure, healthcare, and education.\u201d<\/em><\/p>\n<p>The findings from Deloitte highlight the substantial economic impact of Ontario\u2019s regulated iGaming market. The sector not only supports government revenues but also plays a crucial role in job creation, ensuring sustained economic benefits for the province.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/ontarios-igaming-market-thrives-in-q1-2024\/\">Ontario\u2019s iGaming Market Thrives in Q1 2024<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ontario\u2019s iGaming sector has shown remarkable growth in the first quarter of the 2024-25 fiscal year. iGaming Ontario\u2019s latest market performance report highlights significant increases in both gaming revenue and total handle. During Q1 2024, Ontario saw its total handle reach CA$18.4 billion (US$13.3 billion), marking a 31% increase compared to the previous year. Gaming [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-7603","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=7603"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7603\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=7603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=7603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=7603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}