In 2022, the Ontario iGaming market saw tremendous growth, with total wagering reaching around CAD 35 billion and generating a total of CAD 1.4 billion in revenue. This impressive performance can be attributed to several factors, including increased adoption of online gaming, technological advancements, and the Covid-19 pandemic that forced people to stay at home.
Ontario is the largest province in Canada, with a population of over 14 million people. It is also home to some of the country’s largest cities, including Toronto, Ottawa, and Hamilton. As a result, the Ontario iGaming market is a significant contributor to the Canadian online gambling industry.
One of the key drivers of the Ontario iGaming market’s growth is the wide range of gaming options available to players. The market offers various online casino games, including slot machines, blackjack, poker, and roulette. Additionally, the Ontario Lottery and Gaming Corporation (OLG) operates PlayOLG, an online gaming platform offering lottery and casino games to residents of the province.
The Ontario iGaming market is also home to several licensed operators, including the world’s largest online gaming company, the Kindred Group. The company operates under the brand name Unibet and offers sports betting, online casino, and poker games to players in Ontario. Another popular operator in the market is Bet365, which provides sports betting and online casino games.
Other licensed operators in the Ontario iGaming market include 888 Holdings, The Stars Group, and GVC Holdings. These operators have all been approved by the OLG to offer online gaming services to residents of the province.
In conclusion, the Ontario iGaming market has shown remarkable growth in 2022, with total wagering reaching around CAD 35 billion and generating a total of CAD 1.4 billion in revenue. This success can be attributed to the availability of a wide range of gaming options, the technological advancements in the industry, and the Covid-19 pandemic that has forced people to stay at home. The market is also home to several licensed operators, including the Kindred Group, Bet365, 888 Holdings, The Stars Group, and GVC Holdings. As the iGaming industry continues to evolve, it is expected that the Ontario market will continue to thrive and contribute significantly to the Canadian online gambling industry.
