FanDuel, DraftKings and other online gambling apps are displayed on a phone in San Francisco, Monday, Sept. 26, 2022. .As Ontario sports fans eagerly anticipate the kickoff to the NBA and NHL playoffs, a newly-released report is offering insights into the province’s, an online gaming platform that regulates and approves private gaming companies in the province, covers the period from April 1, 2023, through March 31, 2024, and unveiled a considerable increase in total wagers and gaming revenue.
The report said this figure includes total cash wagers, including rake fees, tournament fees, and other charges, as well as player winnings derived from cash wagers. It’s important to note that this does not include operating costs or liabilities.Toronto Pearson gold heist: Multiple people charged in historic $20M theft
iGaming Ontario says casino games include slots, live and computer-based table games and peer-to-peer bingo. The new findings come on the heels of the two-year mark since the Ontario government’s pivotal decision to open up the province’s online gaming market, a move that’s triggered a substantial increase in legal gambling among residents.Before the government stepped in to regulate the online market, Ontarians, much like the rest of the country, were wagering on so-called “grey market” sites, which provided minimal protection for consumers.