Ontario iGaming billion CAD Market – 35.6 in wagers & 1.4B CAD in revenue. Plus, GeoComply detects and blocks thousands of fraud attempts. (Image courtesy of Prateek Katyal on Unsplash)
The Onatario iGaming has made its mark on the North American iGaming scene becoming a top 5 leader in Gross Gaming Revenue (GGR).
According to the most recent stats, its 4 April 2022 to 4 April 2023 total GGR came to a staggering CAD 1.4 billion from its iGaming market. Sports betting is also included despite the stats stating ‘iGaming’.
Overall, the total number of bets placed playing online slots, live dealer games, online poker and other iGaming verticals came to a whopping CAD 35.6 billion.
Video slots made up 48% of the total online casino bets. Another 32% of bets were on live dealer games, while 19% of all bets were on other games such as virtual tables, video poker, scratch cards and other games.
Already the province attracted 1.6 million active player accounts, which is 10.98% of the last recorded population stats of 14.57 million. Of course, some citizens will have more than one account. Nonetheless, the figures are still impressive. Further stats show that player spending is at a reasonable level with an average of CAD 70 per month spent per account.
Right now, Ontario has more than 40 operators listed on the Alcohol Gaming and Commission Ontario website. Covered here on the CasinoPlusBonus free cash bonus no deposit casino Canada page includes luxury and highly reputable brands 888Casino, LeoVegas, Casumo and Royal Panda live casinos.
Ontario Citizens Taking to the New Canadian Provincial iGaming Licensing
Another impressive feat that is worth mentioning is a survey conducted by the global market research and consulting firm Ipsos, which came back with positive results. It shows that players gambling in Ontario favour regulated Ontario gaming sites with 85% of participants confirming citizens prefer locally regulated online gambling sites.
The market’s success has not gone unnoticed, and unfortunately, it has in fact brought some unwanted attention. Thankfully GeoComply has been in place to detect cybercrime, false account, attempted access via VPNs and other attempts to access accounts and online casinos in the province.
GeoComply’s contribution to the online gambling industry is well documented. The company has won multiple industry awards, which include an EGR B2B 2022 IT Supplier of the Year award and an EGR North America 2021 Safer Gambling Provider of the Year award.
Ontario iGaming Attracts Various Proponents
- Ipsos survey: 85% prefer local gambling sites.
- GeoComply detects and blocks cybercrime attempts.
- EGR B2B ‘IT Supplier’ winner
- EGR North America ‘Safer Gambling Provider’ winner
- Operates globally in online gaming markets
Fraud and Spoofing Attacks Under Investigation by GeoComply
The success of Ontario Canada’s iGaming market has also attracted a rise in fraudulent activities, with GeoComply detecting numerous users and location spoofing attempts worldwide. In response, the company has blocked thousands of devices and uncovered over a thousand fraud rings impacting the Ontario online gambling market. As a result, Ontario operators have become a significant focus in GeoComply’s fraud investigations.
Some of those attempted log-on or sign-ups may have been legitimate mistakes. However, there is some contribution to my analysis because the number of access attempts is 19.9 million versus 744,000 users. That does suspiciously look like fraudsters outside of Ontario trying password hacks.
Also, the number of those trying to mimic being in Ontario by spoofing came to 3.3 million. These attempts were from various locations across the globe, while US users appear to have found their way to Ontario too. GeoComply says 54,000 accounts have log-on attempts recorded totalling 305,000 failed efforts.
All in all, GeoComply’s fraud investigations show these attempts were made on Ontario operators. For the complete list of operators in the province, see the iGaming Ontario website.
Ontario Canada GeoComply Stats
- 19.9M access attempts, 744K users, indicating fraudulent activity
- 3.3M attempts to mimic Ontario location, some from US
- 54K accounts with log-on attempts, 305K failed efforts
Risk Data Shows No Alarming Signs in US Comparison
GeoComply also works closely across US online casinos and sports books in multiple states. Each US state uses technical setups for geographical compliance. This ensures only those with an IP address within state borders can access online casinos. It was also a key factor in bringing back online gambling to the US.
For comparison purposes, the data collected stateside was perfect to see how Ontario fairs up. The stats are similar to those found for each individual state. With online success comes cyber criminals, but Ontario has not seen volumes that GeoComply raised as abnormal compared to the US online gambling markets.
Analysts found that the most common cause of illegitimate attempts was identity fraudsters. Now as you can imagine, if someone is playing at online casinos, these cybercriminals are looking for whales with weaknesses in their security setups. Of course, there are other opportunities for cyber thieves to access people’s financial instruments used to deposit and withdraw to Ontario Canada online casinos.
Other attempts were simply those looking to abuse bonuses. Quite why anyone tries this line of activity is beyond me. The casinos always spot bonus abuse.
As with any industry, the Ontario iGaming was always going to become a target for fraudsters. If you are an Ontario citizen, always check you are playing at a reputable and secure online casino with the AGCO logo.
Ontario Canada GeoComply Risk Data
- Fraud detection on a similar level to US states
- GeoComply blocked devices, uncovered fraud rings in Ontario
- 219k devices used for fraud detected and blocked
- 1,045 fraud rings identified
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