RELEASE — The online gambling revenue of Ontario, the largest province in Canada, has been showing consistent and impressive annual growth; however, the sum generated is still lower than two of its provincial rivals.
Recently, the Ontario Lottery & Gaming Corporation (OLG) released their annual report for 2018-19, throwing light upon the provincial gambling monopoly’s overall activities during the
12 months’ time period ending on March 31, 2019. The overall revenue stood at $8.3 billion. This figure is a 6.1% improvement on the results of the preceding financial year 2017-18. The net income, however, slightly dipped by 0.6%, reaching $2.47 billion.
Recording a revenue of $4.17 billion, the lottery operations continue to be the bread-and-butter for OLG. This figure was 10.2% higher than the total revenue generated in the preceding year. Apart from that, the three major self-managed casinos and the 23 slots casino facilities wherein the gaming operations are run by the 3rd parties, scored a 1.6% increase in their revenue, reaching a record $3.86 billion. The revenue of 31 of Ontario’s charitable gaming venues increased by 6.3% to $183 million.
PlayOLG’s revenues up
The PlayOLG online gambling portal, which is essentially the digital gaming operations website of OLG, generated a total revenue close to $92 million, an impressive 25.7% improvement on the previous year’s figures. This increase is also higher than the 25.2% growth reported in the preceding year. This is regardless of the fact that many Canadian gamblers also play at third-party online gambling platforms such as Europalace online casino among others. On the whole, the digital profits went up by almost a third, reaching C$ 49.6 million, courtesy the expenses rising by less than one fifth on a year-to-year basis.
In spite of having a competitive edge, due to its 14.3 million strong population, the online gambling revenue of Ontario hasn’t quite matched British Columbia, at $149.8 million with 5 million residents, or Quebec’s $105.4 million with 8.4 million residents. It’s also worth noting that the draw-ticket lottery sales of PlayOLG, the ones that make millionaires on a regular basis, are recorded not under the ‘online gambling’, but ‘lottery’ segment. Nonetheless, the active customer ranks of PlayOLG improved by 24.6%, courtesy of its new products, including progressive jackpot slots, and a strong promotional and marketing approach.
Read the OLG 2018-19 Annual Report (pdf)