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iGaming Ontario Reveals Year-on-Year Growth in February
iGaming Ontario has reported significant year-on-year growth for online gambling spend and revenue for February, highlighting a robust online gaming market in the Canadian province. This marks a transition from quarterly to monthly data reporting, providing more timely insights into market performance.
Growth Statistics and Insights
- Overall consumer spending: CA$7.13 billion (£3.84 billion), a 26.9% increase compared to February 2024.
- Online casino games accounted for CA$6.07 billion, representing 85% of total bets and a 30.5% increase from the previous year.
- Online sports betting reached CA$930 million, up 12.6% year-on-year.
- Online poker gaming saw a drop in spending to CA$130 million, down 6.5% from the previous year.
- Total online gambling revenue hit CA$280 million, reflecting a 19.2% increase year-on-year.
Monthly Performance
Despite strong year-on-year growth, the February figures indicate a 9.1% decline in total spending compared to January 2025. The breakdown of revenue shows that online casino revenue constituted 76% of total revenue, while sports betting revenue increased by 47.6%.
Conclusion
This data showcases the ongoing growth of the online gambling market in Ontario and the transition to monthly reporting enhances the transparency and responsiveness of the market regulator. Operators and consumers alike benefit from understanding these trends as the market continues to evolve.
Key Points
- February spending on online gambling in Ontario reached CA$7.13 billion, marking a significant increase from last year.
- The online casino sector leads the market, representing 85% of total bets.
- Monthly revenue for February totalled CA$280 million, a 19.2% year-on-year rise.
- Online sports betting has shown robust growth, increasing year-on-year by 12.6%.
- OLG’s offerings are excluded from these statistics, focusing solely on operators with agreements with iGaming Ontario.
Why Should I Read This?
This article provides valuable insights into the growth trajectory of the online gambling industry in Ontario. The increased transparency through monthly reporting allows stakeholders to make well-informed decisions as the market expands, making it essential reading for investors, operators, and regulators in the gambling sector.
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