According to July market performance data issued today by iGaming Ontario, there is always a decline in sports betting throughout the summer months, but the degree of market share dominance for online casinos in the Ontario-regulated industry remains a top narrative.

4% Growth in Total Handle

The total amount wagered in cash for the province in July was CAD $7.56 billion, up 4% from June's total of CAD $7.25 billion.  Revenue increased by 1% month over month to CAD $311 million.

The average revenue per active player account increased by 8% to $328, but the number of active player accounts decreased by 6% to 948,000.

In particular, the casino's handling of CAD $6.73 billion represented an 89 percent market share, a 6% rise over June. 

Dominance of Casinos

In terms of earnings, the online casino generated CAD $252.3 million in July, a 4% month-over-month rise and an 81 percent market share.

On the cash wager end, sports betting suffered a ten percent month-over-month decline, reaching CAD $688 million, or a nine percent market share.  Sports betting generated CAD $52.7 million in revenue, a 10% decrease, representing a 17% market share.

P2P poker cash bets for July totaled CAD $139 million, up 5% from June and accounting for 2% of the market.  Poker had a two percent market share and a ten percent gain in revenue, coming in at CAD $5.9 million.

10% reduction in sports betting

It should come as no surprise that licensed operators continue to provide fresh material given the performance of the Ontario-regulated industry for online casinos.

Caesars Entertainment revealed today that Caesars Treasure Trio, another exclusive slot game, will be available in Ontario.

With 87 gaming websites in the province, Ontario now has 50 licensed igaming operators.

In July 2024, the market's total handle was CAD $6.09 billion.