It has been one year since Ontario put regulations in place for its market on April 4, 2022 .
Over the past year, Ontario's market has emerged as among the top five in North America , achieving significant milestones along the way.
Achievements in this period include the licensing of 45 online casino operators and generating $1.4 billion in revenue within just one year. Read more to discover the highlights of Ontario’s inaugural year as Canada’s exclusive regulated market!
Ontario Grants Licenses to 45 Online Casino Operators
Throughout its first year of operation as a regulated market, Ontario awarded 45 licenses . However, this number may decrease slightly due to the closure of three online casinos: Play-On Casino , Play-on Mansion , and Coolbet .
This adjustment is not a major setback! With Ontario recognized as one of the elite markets in North America, it is expected that more international operators will take an interest.
$1.4 Billion Generated in Revenue in Year One
In just the initial twelve months, Ontario has recorded an estimated $35.6 billion in betting activity , yielding approximately $1.4 billion in revenue .
According to iGaming Ontario, there are approximately 1.6 million active player accounts associated with the 45 licensed operators.
Dave Forestall , the Chair of iGaming Ontario’s Board , remarked, “The current figures show that Ontario is home to one of the premier online gaming markets globally,” adding, “Since the market opened, we have attracted new investments, generated jobs, and retained revenue that previously exited the province.”
These impressive figures have propelled Ontario into the realm of the Top 5 markets in North America .
What can we anticipate for Ontario in the upcoming year?
The forthcoming year holds the promise of even greater achievements for Ontario. Although three operators are closing their businesses in the province, it is likely that new ones will emerge to fill the gaps, enhancing an already impressive roster.
In the words of Dave Forestall , “Ontario is on track to become the leading gaming jurisdiction in the world.”