- iGaming Ontario reports CAD $8.14 billion in total cash wagers for August
- Casino dominates with 89% market share
The Ontario igaming market picked up momentum in August leading into a hectic September and October for sports betting with an 8% month-over-month increase in total cash wagers.
8% Jump In Revenue
That’s according to market financials for the market released today by iGaming Ontario. The market saw CAD $8.14 billion in total cash wagers in August, up from CAD $7.56 billion in July. Revenue was at CAD $335 million, an 8% month-over-month increase (CAD $311 million in July).
The only other time the Ontario topped that $8 billion mark for total cash wagers was this past May – CAD $8.06 billion. That month also saw a high in total revenue – CAD $338 million.
Active player accounts saw a 7% increase in August – up to 1,1016, with average revenue per active player account at CAD $330 (up 1% from July).
Player Accounts Increase As Well
More specifically, in terms of handle, casino came in at CAD $7.22 billion, a seven per cent increase compared to July, a 89% market share. The previous high for casino was CAD $6.95 billion, in May of this year.
On the revenue front, online casino came in at CAD $267.8 million for August, a six per cent month over month increase, for an 80% market share. That’s a new high for casino revenue.
Sports betting saw an 11% month over month increase on the total cash wager end, at CAD $765 million, for a 9% market share. Revenue for sports betting was at CAD $60.2 million, up 14% from July, for an 18% market share.
Casino Domination Continues
In July, iGaming Ontario reported that sports betting saw 10% month-per-month decreases in handle and revenue, so that bounce back in August is even more dramatic.
Cash wagers for P2P poker for August was CAD $151 million, a 9% increase from July, for a 2% market share. On the revenue front, poker was at CAD $6.8 million, a 15% increase from July, and a 2% market share.
The post Ontario Market Sees 8% Jump in Total Wagers in August appeared first on Casino.org.
