Ontario IGaming Reports Record Wagering, Revenue In October
Led by an MLB playoffs featuring the Toronto Blue Jays, Ontario set several iGaming records in October.
- More than $9 billion was wagered online in Ontario for the first time.
- Blue Jays' success hurts operator revenues.
- Active users spike 36% year-over-year.
iGaming Ontario reported a new regular monthly betting high of CAD $9.25 billion from gambling establishments, online sports betting, and poker. Total cash wagers were up 24% year-over-year and 8% from the record set in the previous month.
The $367.7 million in non-adjusted video gaming revenue surged 38% compared to October 2024 and surpassed August's $334.8 million as the brand-new Ontario iGaming record.
Online gambling establishments, which represented 85% of the market share, produced 82% of Ontario iGaming profits on a record $7.88 billion handle.
Heaven Jays made it to their first World Series given that 1993, and the NHL and NBA routine seasons began during October, resulting in a $1.23 billion sports betting manage and a 16% year-over-year increase. The previous record was $1.19 billion set in November 2024.
Blue Jays eliminate earnings
Revenue, however, didn't match the enormous uptick in volume. Behind simply a 4.7% hold in October, Ontario online only won back $58.3 million, a 20.4%.% year-over-year decline and down 16% from the previous month.
Bettors grew off heaven Jays' run through the American League, and it could've been worse if they had won everything.
Toronto lost to the Los Angeles Dodgers in seven video games, which assisted sports wagering platforms acquire high betting figures and conserve them from any huge World Series winner chances payments.
Active players, poker income rise
Active player accounts also reached a brand-new high of 1.29 million in October, a 36% increase. Online poker generated $131 million in wagers and $5.6 million in profits throughout October, a 5.7% year-over-year increase.
Profits might see an even larger spike next October after a court of appeals judge favored allowing online poker gamers to compete in peer-to-peer video games with players in other nations. Daily dream sports, which stopped being used in the Province in 2022, is also expected to make a return to Ontario as well.