By Staff
February 2nd, 2023
BURLINGTON, ON
The comments made by readers of the Gazette were appreciated. I made the decision to cease publishing very early – at around 3 in the morning, when I had to come to the conclusion that I just did not have the financial resources that were needed to continue. A number of people congratulated me on “my retirement.” This was not a retirement.
The runway had come to an end – continuing with the financial resources available was no longer possible. Readership grew almost every month.
Since the announcement, a number of people have asked: How can we help ? So there will be conversations in the days ahead. I am required to keep the newspaper “in print” for a number of days; so whatever I was doing in the past I will be doing for a little longer.
Last Thursday, iGaming Ontario (iGO) released its Q3 revenue report. OntarioBets.com shared the following information
The province is now into regulating online Gambling in Ontario – it has proven very lucrative business for the gambling site operators.
In the period between Oct. 1 – Dec. 31, 2022, online casinos and sportsbooks collected $11.53 billion in wagers, a 91% increase over Q2 (July 1 – Sept. 30, 2022) and does not include promotional wagers or bonuses.
Total gaming revenue in Q3 was $457 million, a 71% quarterly increase.
The online Ontario market went live on April 4, 2022 after decades of grey market operations. Since then, 36 operators and 68 sites have launched as part of regulated gaming and sports betting.
There was a 45% quarterly increase in active player accounts, bringing the total to 910,000, with an average monthly spend of $167 on each account.
It looks like even with a decades-long history of a billion-dollar grey market, fully legal regulated gaming in Ontario is only going to get stronger as the market matures.
For the full story, please visit: Ontario iGaming and Sports Betting Numbers Up Sharply To End 2022 (ontariobets.com)
