prohibiting using professional athletes, celebs, and influencers in iGaming advertisements, as a security step, due to the numerous youths seeing sports video games.
After AGCO’s proposition, there was a remark duration for the market which concluded on May 15, 2023. At the Gaming Summit in the middle of June, Mr. Mungham, firmly insisted that the last choice on the matter was simply weeks away and not months. Because then, there has actually been no main word on the brand-new marketing requirements for online betting in Ontario.
Current Numbers from the iGaming Sector
Simply recently, iGaming Ontario released its financial report on the controlled market for iGaming for the very first quarter of the 2023-2024 FY. For the duration in between April 1 through June 30, 2023, the province’s online gaming operators dealt with the online wagering volume of CA$ 14 billion, which changed into around CA$ 545 million in video gaming income.
At the end of the quarter, there were 46 operators online, which ran 71 video gaming sites. There were 920k active user accounts, which had a typical month-to-month invest of CA$ 197. The overall betting volume was assembled of gambling establishment video games, consisting of slots, live and computer-based table video games and peer-to-peer bingo which represented almost CA$ 11.6 billion or 83% of overall wagers
Source: Zochodne, Geoff “Ontario Regulator Rejigs Leadership as Sports Betting Sites Await Marketing Decisions” Covers, July 25, 2023