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Operators in Ontario’s regulated sports betting and iGaming sector generated C$1.4bn ($1.04bn) in revenue during the market’s first year post-launch, according to regulatory body iGaming Ontario.

Revenue was generated from some C$35.6bn in total wagers, and places the Canadian province among the top five iGaming jurisdictions in North America.

For reference, operators in New Jersey, the most established online gambling jurisdiction in the US, generated around $5.2bn in revenue during 2022, of which some $2.4bn came from iGaming and online and land-based sports betting.

GGR from New York’s regulated online sports betting market, meanwhile, totalled around $1.36bn in 2022.

Ontario’s regulated market boasts more than 40 licensed operators, with which some 1.6 million active player accounts have been registered since launch.

According to iGaming Ontario, the average monthly spend per active player account amounted to around C$70 over the past year, while a survey conducted in March showed around 85% of Ontarians who gambled online did so with regulated operators.

The most popular sport for bettors in the province was basketball, accounting for 28% of all wagers.

Soccer was the second most popular sport with 15%, American football brought in 14%, while ice hockey and baseball accounted for 9% and 8% of handle, respectively.

In the online casino category, some 48% of handle came from slot games, around 32% from live dealer table games, and some 19% from RNG-based table games.

“Ontario’s iGaming market has displaced the pre-existing unregulated market and made Ontario a recognised leader internationally in this industry since its launch in April 2022,” said Ontario Attorney General Doug Downey. 

“We are truly proud of this strong, responsible, competitive online gaming model.

“I want to especially commend the strong leadership of executive director Martha Otton, board chair Dave Forestell and the rest of the team at iGaming Ontario for helping us transform Ontario into a global leader in the sector,” he added. 

iGaming Ontario board chair Dave Forestell: “Since Ontario opened the market we have seen new investment, job creation, and captured revenue that used to leave the province. Ontario is well on its way to becoming the best gaming jurisdiction in the world.”

Board chair Forestell added: “Today’s numbers demonstrate that Ontario has one of the best online gaming markets in the world.

“Since Ontario opened the market we have seen new investment, job creation, and captured revenue that used to leave the province. Ontario is well on its way to becoming the best gaming jurisdiction in the world.”

Further insight into Ontario’s market dynamics has been provided by geolocation specialist GeoComply.

According to data supplied by the company, Ontario’s market appears to be a target for fraudsters, with GeoComply preventing more than 219,000 devices from gambling in the province for fraud reasons.

The business said it had detected 1,045 fraud rings affecting multiple operators, and blocked more than 3.3 million location spoofing attempts from individuals outside the province in the past year.

One fraud prevention case study saw GeoComply alerted to 110 users transacting with a single operator from the same apartment block in Toronto, prompting an investigation to take place within the business.

Its fraud and risk services team subsequently discovered that 696 user accounts had been used to transact 13,922 times across 15 different operators, all within the same apartment block.

After identifying several other telltale signs of fraud, identity theft and bonus abuse, an exclusion zone was set up around the address so that all new users in the location were more closely monitored.

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