Ontario IGaming Reports Record Wagering, Revenue In October
Led by an MLB playoffs including the Toronto Blue Jays, Ontario set numerous iGaming records in October.
- More than $9 billion was wagered online in Ontario for the very first time.
- Blue Jays' success hurts operator earnings.
- Active users increase 36% year-over-year.
iGaming Ontario reported a new monthly betting high of CAD $9.25 billion from casinos, online sports wagering, and poker. Total cash wagers were up 24% year-over-year and 8% from the record embeded in the previous month.
The $367.7 million in non-adjusted video gaming profits increased 38% compared to October 2024 and surpassed August's $334.8 million as the new Ontario .
Online casinos, which accounted for 85% of the marketplace share, produced 82% of Ontario iGaming profits on a record $7.88 billion manage.
Heaven Jays made it to their first World Series considering that 1993, and the NHL and NBA routine seasons started during October, resulting in a $1.23 billion sports wagering manage and a 16% year-over-year boost. The previous record was $1.19 billion set in November 2024.
Blue Jays kill earnings
Revenue, however, didn't match the enormous uptick in volume. Behind just a 4.7% hold in October, Ontario online sportsbooks only won back $58.3 million, a 20.4%.% year-over-year decrease and down 16% from the previous month.
Bettors grew off heaven Jays' run through the American League, and it could've been even worse if they had actually won everything.
Toronto lost to the Los Angeles Dodgers in 7 video games, which assisted sports betting platforms acquire high betting figures and conserve them from any massive World Series winner odds payments.
Active gamers, poker earnings increase
Active player accounts likewise reached a brand-new high of 1.29 million in October, a 36% boost. Online poker generated $131 million in wagers and $5.6 million in profits throughout October, a 5.7% year-over-year boost.
Profits could see an even larger spike next October after a court of appeals judge preferred enabling online poker gamers to complete in peer-to-peer video games with gamers in other nations. Daily dream sports, which stopped being offered in the Province in 2022, is also expected to make a return to Ontario as well.