Ontario released its first financial snapshot of its legally-overhauled betting market on Tuesday.
In a recent report, U.S. consulting firm VIXIO GamblingCompliance estimated the Ontario market to be worth about $1.6 billion in gross gaming revenue this year, rising to $2.36 billion in 2023., including individual sports games and events, Ontario has set itself apart from other provinces by allowing private companies to compete with government-run betting products like Proline+.
On average, the monthly spend per active player account was $113. iGO reported 492,000 active player accounts for the period. For years, Ontarians have had access to so-called"grey market" betting websites and platforms, which typically operate offshore and under foreign licence. Wall Street analysts expectStory continues