Ontario Gaming Market Sees Decrease in Revenue As Summer Slowdown Kicks In
The Ontario gaming market has experienced a decline in revenue during the summer season, with a 10% month-over-month decrease in total cash wagers reported for June. This downward trend is consistent with the seasonal slowdown that typically occurs during the summer months.
In terms of casino market share, Ontario saw an increase to 88%, with CAD $6.4 billion in cash wagers in June, a 8% month-over-month decrease from May. The casino sector remains the dominant force in the province’s gaming industry.
Sports betting, on the other hand, witnessed a significant decline in cash wagers, with a 21% decrease from May and an 11% market share. This decline is largely attributed to the summer slowdown, which typically leads to a reduction in sports betting activity.
The data also reveals that active player accounts have dropped by 5%, to 1.013 million, and average spend has decreased by 4%, to $303 per player.
Active Player Accounts Drop
There are currently 50 licensed operators and 86 websites active in Ontario.
Conclusion
In conclusion, the Ontario gaming market’s revenue decline during the summer season is largely attributed to the seasonal slowdown. The casino sector continues to dominate the market, while sports betting has experienced a significant decline due to reduced activity. As we head into the fall season, it will be interesting to see how the market recovers and adapts to changing consumer trends.
Key Statistics:
- CAD $7.26 billion in total cash wagers in June (10% month-over-month decrease)
- CAD $307 million in revenue for the month of June (9% month-over-month decrease)
- Active player accounts: 1.013 million, a 5% drop from May
- Average spend per player: $303, a 4% decrease from May
- Casino market share: 88%
- Sports betting cash wagers in June: CAD $768 million, a 21% decrease from May
- NAGGR: CAD $58.4 million, an 19% month-over-month decrease