Nearly one year after sports betting was legalized in Canada, Ontarians wagered more than $11.5 billion on sports gambling in the fiscal quarter ending Dec. 31, 2022, an increase of 91 percent over the previous quarter.
According to iGaming Ontario, the province’s internet-gambling regulator, the total net revenue in Ontario was $457 million over the fourth quarter, a 71 percent increase from the previous quarter. It didn’t include the NFL playoffs or Super Bowl—the largest gambling event of the year—meaning the numbers will likely be even higher in the next quarterly report.
In the previous third quarter, ranging from July 1 to Sept. 30, Ontarians bet a total of $6 billion, resulting in a total net revenue of $267 million. The number of Ontarians placing sports bets also grew significantly, rising from 628,000 active players in the third quarter to 910,000 in the fourth, an increase of 45 percent….