According to market performance data for July released today by iGaming Ontario, there is always a decline in sports betting throughout the summer, but the degree of market share dominance for online casinos in the Ontario regulated market is still a top narrative.
The province's total cash wagers in July were CAD $7.56 billion, up 4% from CAD $7.25 billion in June. At CAD $311 million, revenue increased by 1% from the previous month.
The number of active player accounts decreased by 6% to 948,000, while the average revenue per active player account increased by 8% to $328.
More precisely, the casino's handle was CAD $6.73 billion, which represents an 89% market share and a 6% increase from June.
In terms of revenue, the online casino made CAD $252.3 million in July, up 4% from the previous month and accounting for 81% of the market.
At CAD $688 million for a 9% market share, sports betting suffered a 10% month-over-month drop in cash wagers. With a 17% market share, sports betting revenue was CAD $52.7 million, down 10%.
P2P poker wagers totaled CAD $139 million in July, up 5% from June and accounting for a 2% market share. Poker's revenue was CAD $5.9 million, representing a 10% rise and a 2% market share.
It should come as no surprise that licensed operators continue to provide fresh content given the performance of the Ontario-regulated online casino business.
Caesars Entertainment today announced the release of Caesars Treasure Trio, another exclusive slot game in Ontario.
There are now 50 licensed igaming businesses in Ontario, and the province has 87 gaming websites.
In July 2024, the market's total handle was CAD $6.09 billion.
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