Ontario Casinos Market Has Taken Off with Impressive Revenue Figures in First 6 Months

The Ontario government launched its iGaming casino market on April 2022 to include both online casinos and sportsbooks. Since then, dozens of Ontario casinos have applied for licenses with the Alcohol and Gaming Commission of Ontario and are now offering gaming services to Ontarians. The legalization also allowed offshore casinos to apply for licenses while setting a low tax rate, namely revenue share.

Legal Ontario gaming sites such as Fallsview Casino Resort have played big roles in terms of providing revenue to the state. Besides providing revenue, Ontario Casino sites are a source of income for a significant fraction of people in the province. Better yet, there are thousands of Ontarians who flock to the casino sites just to have fun. In this article, we will tell you more about the growth of the Ontario casino market, earnings within 6 months, etc.

Growth of the Ontario Online Casinos Market

Until April 4, 2022, operating online casinos and sportsbooks in Ontario was considered illegal. Offshore casinos, however, offered gaming services to Ontarians but would only take bets remotely. During this time, a few provinces had already legalized iGaming and were earning revenue from it. This forced the Alcohol and Gaming Commission of Ontario to set up a regulated casino market just like other provinces.

The Ontario government legalized sportsbooks and online casinos on April 4, 2022. This move attracted land-based casinos, which applied for licenses with the regulator to offer iGaming services. The legalization also attracted dozens of offshore casinos, which initially operated without any regulations. As of now, the Ontario casino market has grown rapidly and is home to well-known gaming sites like LeoVegas AB, FanDuel, Fallsview Casino, etc.

The number of players who join regulated online casinos and sports betting sites has also grown significantly. In fact, the report from the regulator indicates that over 492 000 players have created gaming accounts with online casinos, sportsbooks, and poker sites. The report further indicates that players with active gaming accounts spend $86.33 monthly on average. Well, these figures will continue to increase, considering that Ontario has over 14.2 million residents.

More Brands Entering the Market

As an Ontarian who loves playing games online, you will always have access to unlimited online casinos and sportsbooks. Precisely, there are more brands getting the green light to enter the market as often as every month. Whether you like local online casinos or offshore gaming sites, you will get them in Ontario. Most land-based casinos have also entered the online casino market, meaning you don’t have to travel in order to play.

It is worth noting that more brands are entering the market because the licensing process is pretty simple. In order to go online, an online casino needs a license from the Alcohol and Gaming Commission of Ontario. Also, the casino needs to enter into an operating agreement with iGaming Ontario (iGO). The iGO agreement, however, only applies when there is an iGaming offered through private operators.

Ontario online casinos and sportsbooks entering the market have every gaming product you could ask for. For instance, our Fallsview Casino review found that the site has all popular slot machines and table games. The site also has decent promotional offers, a variety of payment methods, and excellent customer support service. Overall, we can say that new Ontario online casinos and sportsbooks have competitive deals to attract new players.

Earnings of the iGaming Ontario Market

The Ontario Casino market has taken off with impressive revenue figures in the first 6 months. According to the regulator’s report, the iGaming market of Ontario and Canada, in general, produced a combined income of $3.05 billion. Well, this figure is for the first twelve weeks and translates to $123.79 million in combined revenues.

The report also indicated that over 492 000 people had created gaming accounts with commercial online casinos and sportsbooks. All these people who have created accounts at Ontario gaming sites spend approximately $86.33 every month. And remember, the pooled handle figure and the amount players spend every month don’t include promotional wagers. Instead, the collective revenue tally comprises rake and tournament fees from 31 domains run by 18 private operators.

It is worth noting that the above figures didn’t include data from the state-owned Ontario Lottery and Gaming Corporation. Plus, the figures only included legal gaming sites and didn’t factor in iGaming sites operating in the black market. According to the Canadian Gaming Association, the black market sector could be worth $10.69 billion annually. So, if the Ontario government finds a way to curb the black market iGaming, the revenue earning could double up.

What We Can Expect in the Next 6 Months

If you look at the revenues figure within the first 6 months, you can tell that the future is bright. The Ontario government has licensed a plethora of iGaming sites, with some going live as often as every month. With more online casinos and sportsbooks going live regularly, we expect the earnings to double in the next six months. In fact, the state forecasts to collect approximately 13.74 million in aggregated tax revenues during the first year.

Dave Forestell, the chair of iGaming Ontario, asserted that the opening figures place the province as one of the top performers. He further added that Connecticut State, which has a population of 3.5 million people, recorded second quarter revenues of $89.11 million. As you can see, the state generated more revenues despite having just 3.5 million people. Now, considering that Ontario has over 14.2 million people, the earnings will most likely double up in the near future.

It is good to note that there are hundreds of iGaming sites operating in the black market. In other words, these are online casinos and sports betting sites that don’t generate revenue for the state. However, the move to regulate iGaming will force the black market sites to apply for licenses and start generating revenue. And remember, the black market iGaming sites are approximately worth $10.69 billion annually. The amount is indeed more than enough to make the Ontario government double its earnings.

What the First 6 Months of the Ontario Casinos Market

The Ontario casinos market is undeniably one of the fastest-growing casino markets in Canada and across the world. Since its legalization on April 4, 2022, the market has attracted dozens of local and offshore online casinos. For instance, the casino market has attracted big names such as Fallsview Casino Resort, 888 Holdings, FanDuel Group, etc. These iGaming sites are legal and legit as they hold licenses granted by the Alcohol and Gaming Commission of Ontario.

The revenue figures within the first 6 months indicate that Ontario is one of the top performers in the North American region. With more iGaming sites launching as often as every month, we expect the revenue earnings to double in the next six months. And don’t forget, the gaming products at Ontario casinos are similar to the ones available at other leading iGaming sites. For example, they have a wide range of games, including slot machines, table games, poker, live games, and jackpots.

Ontario online casinos and sportsbooks also have impressive promotional offers, multiple payment methods, and great customer support. When it comes to mobile gaming, most Ontario casinos have mobile apps and in-browser apps for Android and iOS devices.

What Ontario Players Should Know About Fallsview Casino

The province of Ontario has nearly 15 million residents, accounting for almost 40% of Canada’s population. Considering the province borders New York, Ohio, Minnesota and Michigan, it’s no wonder it’s home to the most significant number of land-based casinos. As it happens, the Fallsview Casino Resort is one of these brick-and-mortar Ontario casinos. With the opening of the Ontario iGaming market, the casino replicated its land-based success online. You can learn more about it in our Play Fallsview Casino Review.

Fallsview Casino is a prestigious casino resort overlooking Canada’s famous Horseshoe Falls. It’s home to over 200,000 ft.² of gaming floor space containing 3,500+ slot machines and 130+ tables, available 24/7. The impressive complement of classic table games includes exciting variants of blackjack, craps, roulette, baccarat and poker.

Of course, the resort also offers an experience in dining, entertainment events, a spa, a golf course and plenty more! If you can’t make the drive, no matter as you can enjoy the online version of Fallsview Casino Resort instead.

Online Version Of Fallsview Casino Resort

Although Play Fallsview is an online version of Fallsview Casino Resort, it retains the trustworthiness of its brick-and-mortar sibling. The casino location is beautiful Niagara Falls, a short drive from Buffalo, New York. Ontarians from Toronto and the surrounding area (GTA) can hop on the QEW to Niagara Falls and be there in less than an hour and a half.

The online version offers several advantages over the land-based equivalent. Like the land-based casino resort, you can access the casino 24/7. It saves the cost and hassle of a trip to Niagara Falls, which can be a nuisance if you simply want to play a few rounds of your favourite games. You can enjoy the games in the comfort of your home from any desktop, tablet or smartphone device. Additionally, some players don’t know that the same online casino games have a higher return to player (RTP) than those at land-based casinos.

The only slight drawback is that it’s more difficult to re-create the brick-and-mortar casino experience by playing online. However, you can somewhat mitigate this by playing live dealer games. Live casino games use genuine tables and dealers. The action is streamed in real-time from provider studios. Under these conditions, Ontarians also have the opportunity to use a chat function and enjoy some general banter with fellow players. Therefore, live casino games are more social than traditional online table games played against virtual dealers.

Get Your Casino and Sports Betting Fix at Play Fallsview

Play Fallsview offers a quality platform for online sports betting and casino gaming. Play Fallsview’s sportsbook covers 30+ top national and international sporting events on thousands of betting markets. Players can back their favourites in sports like baseball, basketball, European football, ice hockey and tennis. The casino also offers the added benefit of a cash out function where players may be able to redeem their bet before the game is complete.

The platform also supports in-play (live betting), allowing players to make bets as the game unfolds. You’ll want to watch a live game feed to identify new betting opportunities or perhaps even hedge an existing bet to lock in a profit. In addition to live bets, players can search for value in plenty of other bet types:

• Match bets
• Correct Score
• Over/Under
• Odd/Even
• Handicap

Play Fallsview also has a great selection of online slot machines from many providers, including some of the biggest, including NetEnt and Big Time Gaming. Some slots are branded, like Narcos (based on the hit television show), while others like Gonzo’s Quest and Starburst are not.

If you’re a fan of progressive jackpot slots, one you’ll want to play is Divine Fortune from NetEnt. This high volatility slot has a local progressive jackpot, which can reach significant amounts.

If you miss the brick-and-mortar experience, It just so happens that Play Fallsview carries live casino games from the most prominent provider in the industry: Evolution Gaming. Players can enjoy multiple variants of live blackjack, poker, roulette and baccarat. Depending on your risk appetite, there is also a healthy mix of standard and higher-limit VIP tables.

Payment Methods Available For Players

Play Fallsview accepts several payment methods for players looking to make a deposit. Besides the international payment credit card providers Visa and Mastercard, these also include Interac and iDebit. If they seem familiar to you as a player from Canada – they should! These two homegrown instant banking providers allow players to make CAD deposits instantly. Both Interac Casinos and iDebit Casinos are extremely popular in Canada.

Interac is an intermediary between a Canadian financial institution and Play Fallsview, allowing seamless payments.

Like other iDebit casinos, Play Fallsview accepts this instant banking method from players looking to deposit C$. Identical to Interac casinos, iDebit is an intermediary between your Canadian financial institution and Play Fallsview.

Both are safe and secure using encryption and other safety features. Unlike credit cards, these casino payment options won’t allow you to spend more than the balance in your bank account. In other words, when used responsibly, Interac and iDebit can be a better way of not spending money you don’t have.

Simple And Easy-to-use Interface

The colourful PLAY Fallsview logo is a precursor to bright and colourful website graphics containing visual appeal. The casino platform is available using an instant play browser from desktop or smartphone devices. However, this Ontario online casino now offers downloadable casino apps for Android and iOS devices. Therefore, players in Ontario that are on the move can still participate on their mobile devices.

Play Fallsview keeps text links to a minimum, reducing the clutter and making navigation easier. For example, the sticky header contains a text link to casino, sports and live dealer casino pages. This menu is also where players sign up and log in.

The website divides casino games into featured slots, table games, and video poker, making each easier to find. A search filter is a helpful add-on for locating games based on a full or partial name. It’s also very effective at searching for table games and live casino games by type, such as baccarat or blackjack.

You’ll also find helpful text links in the footer, categorized into player support and responsible gambling. Under player support, one finds comprehensive FAQs, info on how to contact customer support, and casino & sportsbook guides.

Ontario Residents Should Be Excited To Play At Play Fallsview Casino

This is an exciting time for online casinos in Ontario, with the introduction of legalized online gambling in the province on April 4, 2022. As one of the first online casinos, formally licensed by Ontario’s Crown regulator AGCO, it prominently displays its iGaming Ontario logo in the footer.

The benefits of playing Play Fallsview will probably make it easier not to visit the stunning Fallsview Casino Resort in Niagara Falls. Accepting Canadian payment providers, including Interac and iDebit, certainly doesn’t hurt either. Ontario players can still enjoy the same great casino games online that they would at a brick-and-mortar casino. Plus, grabbing a piece of the action on the Play Fallsview sportsbook has never been easier.