Ontario’s Sports Betting Market Expected Revenue In Q3 2022
Summary
With Q3 coming to a close, industry operators excitedly await iGaming Ontario’s second report on market performance, wondering if the sports betting revenue will surpass the already achieved 4% ($162 million) from Q2. With the increasing number of licensed operators, Ontario is set to become one of the most prolific online gambling and betting markets in North America. According to Dave Forestell, the Board Chair of iGaming Ontario, these revenue numbers lie behind a solid player base and low barriers to entering the regulated market. iGaming Ontario should release its second report in the upcoming weeks, but all the current analysis points towards significant growth in revenue and number of users. Although online betting should be practiced as entertainment, these activities might lead to additive habits – which the regulatory authorities must act upon early on and ensure all the necessary tools are in place for players.