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January 23, 2025 – FairOdds Network

Daily Archives: January 23, 2025

Ontario online gambling spend reaches record high in Q3

Ontario players spent CA$22.7 billion (£12.8 billion/€15.2 billion/US$12.8 billion) gambling online during Q3, the highest quarterly amount on record, while the Canadian province has switched to a new, monthly reporting schedule.

Previously, iGaming Ontario, which regulates online gambling in the province, published data on a quarterly basis. However, upon releasing figures for Q3, it confirmed results will now be available every month.

Data is now available for each month since Ontario launched legal online gambling in April of 2022.

Online casino spend reaches new high

Focusing first on Q3, total market spend was 32% higher than in the same quarter of 2023-24. It is also 22% ahead of Q2 of the current financial year. Ontario’s Q3 ran for the three months to 31 December 2024.

Online casino remains by far the main area of interest for players in the province. During Q3, some $18.9 billion was spent in this segment, up 38% on the previous year and another new record for Ontario.

S..

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From Indiana to New York, US legislative season already packed with bills

State legislators again are taking on the challenge of expanding the internet casino market for 2025.

With the turning of the calendar year comes optimism in most any endeavour. Stage legislatures are no different when it comes to internet casino gaming and sports wagering. A flurry of gambling legislation nationwide has been filed in attempts to expand a still-growing market.

Casino Reports has been gamely trying to keep up with these state-by-state machinations. Here is a rundown of what is going on, perhaps in your backyard:

Indiana: Optimism abounds once more

The Hoosier State was among the first to launch sports wagering post-PASPA and has consistently punched above its weight. Indiana closed out 2024 by becoming the eighth state to surpass $20 billion (£1.6 billion/€1.9 billion) all-time handle. It has surpassed $1.75 billion in sports betting revenue.

Legalising internet casino gaming has been a tougher slog. There was a moratorium on such bills last year after former Repre..

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Michigan online gambling reaches record $2.9 billion in 2024

Revenue from online gambling in Michigan reached an all-time high of $2.9 billion (£2.4 billion/€2.8 billion) during the 2024 calendar year, with the state reporting record figures across both igaming and sports betting.

Gross internet gaming and sports betting receipts for 2024 surpassed the previous record, set in 2023, by 23.8%. This is also more than double the $1.90 billion in the first year of legal online gambling in Michigan in 2021.

Adjusted revenue, which accounts for promotional spending, amounted to $2.4 billion, up 22.3% year-on-year. Figures from the Michigan Gaming Control Board (MGCB), published on Tuesday (21 January), cover commercial and tribal operators.

Igaming revenue tops $2.4 billion

Starting with igaming, revenue in this segment of the market topped $2.4 billion in 2024. This beats the previous year by 26.3% and is a new record for the state. Adjusted gross receipts for igaming also reached an all-time high of $2.2 billion, an increase of 27.2%.

BetMGM and..

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