Canadian Online Casinos: Ontario Hits Record $22.7 Billion in Wagers in Q3 2024-25

Ontario, home to a thriving online gaming industry, has set a new record for total wagers in Q3 2024-25, according to data released by iGaming Ontario. Ontario, home to a thriving online gaming industry, has set a new record for total wagers in Q3 2024-25, according to data released by iGaming Ontario.

1. · ; Ontario is a rapidly growing market with 50 operators and 83 licensed gaming websites showcasing activity in the quarter (ended Dec. 31, 2024).
2. · ; Total wagers reached $22.7 billion, representing a 22% increase over Q2 ($18.7 billion) and a 32% increase over Q3 2023-24.
3. · ; iGaming Ontario has released market performance results for Q3 2024-25, showing record total wagers.
4. · ; The growth is attributed to the increasing popularity of casino games, which dominate the market with 83% of total wagers ($18.9 billion) and 78% of gaming revenue ($644 million).
5. · ; Sports betting, esports, proposition, novelty bets, and exchange betting also saw a significant rise in popularity.

Great Canadian Entertainment has closed the sale of two west coast casinos to Petroglyph Development Group Ltd. (PDG), marking a significant development for the gaming industry in Ontario.

The Snuneymuxw Nation will benefit from this deal, with PDG committing to keep the casinos operational and investing in the local community.  — Ian Simpson, CEO of Petroglyph Development Group Ltd. (PDG)

Conclusion

The Ontario online gaming market is thriving, with record-breaking wagers and revenue. As the industry continues to grow, it will be interesting to see how this trend develops in the coming months.

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