Ontario iGaming Revenue Soars in April
One of the benefits of regulated gaming is transparency, and it’s transparently clear that gambling is a cash cow in Ontario.
-
Image
Ontario's April Gross Online Gambling Revenue
The April numbers released by government agency iGaming Ontario show gross online gambling revenue totalling $313 million (US$229 million), with casino games ing for just under $243 million of that cash.
The total number represents a 25% increase from the same month a year ago and a 6% rise over March ($296 million).
These are the kinds of figures that lobbyists currently doing business in British Columbia are quick to share with the government officials they are working to convince of the benefits of regulating.
"We now have three years of evidence that iGaming regulation channels nearly 90% of the play into a compliance regime and that a regulated private sector working alongside a lottery offering captures the vast majority of play,” lobbyist, consultant, and President of TRM Public Affairs, Troy Ross, told Odds Shark.
Troy Ross |
This has repatriated significant revenues that were previously lost to the province. We also have three years of data that proves the claims about market cannibalization are simply not true, both iGO revenues and Ontario Lottery profits are both up year over year. –Troy Ross | President, TRM Public Affairs & COGA Spokesperson |
Year Over Year Comparison
The very healthy Ontario casino gaming revenue figure is a jump of 35.6% from last year.
Sports betting was basically steady year over year, at $64.5 million in revenue, with poker bringing in the remaining $5.9 million, a rise of 3.5%.
Converting dollar figures to market share shows online casino responsible for 78% of April’s overall revenue, sports betting 21% and poker 2% (all figures rounded).
Stats from iGaming Ontario show the number of active player s reached 1.1 million in April, up 20% from a year ago and 3%from the previous month.
