TLDR Ontario sports betting revenue fell 30% in August to CA$54.4 million. Casino wagering reached CA$8.78 billion, a record 90% share of total handle. Total wagering dipped 1% to CA$9.74 billion, while total revenue fell 4%. Active player accounts dropped 11% to 1.208 million. Regulators fined three operators a combined CA$290,000, and Fanatics gained approval to enter the market.
Sports betting revenue in Ontario’s regulated online gambling market fell 30% in August compared with July. At the same time, online casino games took a record share of all wagers placed in the province.
Total wagering reached CA$9.740 billion for the month, according to new data from iGaming Ontario. That was down 1% from CA$9.884 billion in July.
Total non-adjusted gross gaming revenue, or NAGGR, fell 4% to CA$396.3 million. NAGGR is the money operators keep from gambling before bonuses, taxes, fees, and other costs are taken out.
Sports Betting Slows in a Quiet Month
Sports betting handle came in at CA$843 million, a 15% drop from July. That gave sports betting a 9% share of total wagers.
The decline followed the end of the World Cup. Most major sports leagues were also on a break for much of August.
Sports betting revenue was CA$54.4 million, down 30% from the month before. That made up 14% of total market revenue.
Active player accounts fell 11% to 1.208 million. However, average revenue per active account rose 8% to CA$328.
Casino Games Reach Record Market Share
Casino handle was CA$8.776 billion, about the same as in July. That was 90% of all wagers, the highest share for casino games since the regulated market launched in April 2022.
Casino revenue rose 2% to CA$336.3 million. Casino games accounted for 85% of total revenue.
Peer-to-peer poker saw CA$122 million in cash wagers,