SPIN GENIE REVEALS MARKET STATISTICS ONE YEAR AFTER LEGALIZATION OF ONLINE GAMBLING IN ONTARIO

Expansion of regulated gambling in Ontario successfully attracts new casual players and in-person gamblers to the online market

Last year's launch of Ontario's iGaming market has likely brought new players to online gambling, with two-in-five (43%) online players gambling online for less than a year, and one-in-four (24%) joining in the past six months, according to a new survey commissioned by regulated online casino operator Spin Genie Ontario . The survey was conducted on the cusp of the upcoming one-year anniversary of legal internet gambling online in Ontario through the Angus Reid Forum, the most trusted source for data in the country.

Spin Genie Ontario https://on.spingenie.ca/ (CNW Group/PRIME ONLINE LTD)

On April 4, 2022 , the Ontario government officially launched its legal and regulated iGaming market. The expansion of regulated online gambling from casino to mobile and desktop screens in Ontario has successfully attracted casual players, perhaps including many who previously gambled exclusively in-person. These are the findings of a recent study conducted among Ontario adults (19+) to understand usage habits and public perceptions of the online gaming landscape in the province one year post-legalization.

Among those aware of the site, most (72%) are aware OLG.ca is regulated, but when it comes to other major gaming sites, the vast majority believe such sites are unregulated. Among online players, nearly three-in-ten (28%) did not report using any of the websites/apps presented as options in the survey, suggesting many gamblers are unaware of the implications of legalization or may be using smaller, unregulated sites. However, current players are consistently more likely to believe the platforms they personally use are regulated. This suggests there is an opportunity for further education on the differences between legal and non compliant gambling operators.

The regulation of the online gambling market has prompted operators to enact responsible gambling tools, with 53% of online players agreeing that regulating the online market has made it safer for all who participate. As a regulated casino operator in Ontario , Spin Genie sets the standards in responsible gambling with industry-leading responsible gambling and enhanced player protection tools. Players have the ability to set deposit limits, loss limits and breaks to take control of their gambling. Spin Genie's player protection tools safeguard players from irresponsible gaming habits for the most responsible experience.

While the majority of online players are aware of safe gambling and player protection tools among licensed operators of online gambling sites (65%), one-third (34%) of online players are not aware or unsure of these practices, and comparatively, three-in-five (59%) non-players are not aware or unsure of safe gambling tools. This presents an opportunity for greater education around these practices.

When it comes to the future of the online gambling market and consideration among non-players, Ontarians who play free games online are slightly more open to the idea of gambling than those who do not play online games at all, but both groups remain skeptical of opening an account within the next year. 94% of those who play free games online say it is unlikely they would gamble, and 98% of those who do not play any online games say it is unlikely they would gamble, suggesting less room for market growth in years to come.

For more insights from the report please click here.

About Ontario Online Gambling Sentiments Survey

These are the findings of a study conducted by regulated online casino operator Spin Genie Ontario among Ontario adults (19+) from February 27 - March 3, 2023 , to understand the landscape of online gambling in the province, including which websites/apps players use and public perceptions of the online gaming market. Survey participants consisted of 1,501 Ontario adults (19+) who are members of the online Angus Reid Forum, balanced and weighted on age, gender, region and education. For comparison purposes only, a sample of this size would yield a margin of error of +/- 2.5 percentage points at a 95% confidence level.

About Angus Reid Forum

The Angus Reid Forum is Canada's most well-known and trusted online public opinion community, consisting of engaged residents across the country who answer surveys on topical issues that matter to all Canadians.

About Spin Genie

Spin Genie Ontario is a regulated online casino and the destination of choice for the most entertaining slots, nostalgic game shows and live table games. Spin Genie houses 1,300+ online casino games, including popular slots such as Sweet Bonanza, Eye of Horus, and Book of Dead, and leading game series such as Slingo and Bonanza.

Follow @SpinGenieON on Instagram , Facebook and Twitter .

SpinGenie.ca is regulated by the Alcohol Gaming Commission of Ontario (AGCO) and is operated by SkillOnNet Ltd, Office 1/5297 Level G, Quantum House, 75, Abate Rigord Street, Ta' Xbiex, XBX 1120, Malta , under an AGCO Internet Gaming license and pursuant to an agreement with iGaming Ontario . Gambling can be addictive, please play responsibly.

Discover Mental Health, Addiction and Problem Gambling Services. ConnexOntario is available 24/7 and can offer support and information regarding services in your community. Visit www.connexontario.ca or call 1-866-531-2600.

SOURCE PRIME ONLINE LTD

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/March2023/28/c5498.html

News Provided by Canada Newswire via QuoteMedia

GAMING00
The Conversation (0)
East Side Games

The Office: Somehow We Manage Mobile Game Available Now

East Side Games Group (TSX: EAGR) (OTC: EAGRF) (" ESGG " or the " Company "), Canada's leading free-to-play mobile game group, in collaboration with Universal Games and Digital Platforms, announced today the worldwide launch of The Office: Somehow We Manage on iOS and Android. The free-to-play idle game is inspired by NBC's critically acclaimed, Emmy® Award-winning U.S. version of The Office which is now streaming exclusively on Peacock.

Watch the launch trailer here .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
NorthStar Gaming Holdings (TSXV:BET)

NorthStar Gaming Holdings


Keep reading...Show less
Person holding phone that says "GameStop" in front of stock trading charts.

GameStop Frenzy Cools, E*Trade Considers Roaring Kitty Ban

GameStop (NYSE:GME) continues to cool following a trading frenzy that drove shares up by 75 percent between the close of trading last Friday (May 31) and the start of trading on Monday (June 3).

The brief rally, which took GameStop shares to US$40.09 on Monday morning, was sparked by a Reddit (NYSE:RDDT) post made late Sunday (June 2) by an account tied to the video game retailer's most prominent supporter, Keith Gill.

Gill, who ignited the meme stock craze in 2021 and is known as Roaring Kitty on other platforms, posted a screenshot on Reddit's Superstonk subreddit that shows a purported US$175 million position in GameStop shares and call options.

Keep reading...Show less
Cell phone showing GameStop stock chart.

GameStop Surges Over 70 Percent in Flashback to 2021 Frenzy

Over three years after the infamous GameStop (NYSE:GME) short squeeze, the American retailer’s share price skyrocketed as much as 110 percent on Monday (May 13) before pulling back to a more than 70 percent gain.

The surge came on the heels of a social media post by "Roaring Kitty," also known as Keith Gill. His first online appearance since 2021 has reignited memories of the meme stock frenzy that captivated markets in 2021.

Gill, who gained notoriety for his bullish stance on GameStop, posted a meme on X (formerly Twitter) depicting a focused video gamer. It received widespread attention, accumulating over 81,000 likes and 9,000 comments in just a few hours.

Keep reading...Show less
NorthStar Gaming Chairman and CEO Michael Moskowitz.

NorthStar Gaming Leverages Content to Create Engaged, Active Players, CEO Says

NorthStar Gaming (TSXV:BET,OTCQB:NSBBF) is leveraging its rich, compelling content to better engage its customers, which ultimately leads to higher revenue, said NorthStar Chairman and CEO Michael Moskowitz, following an earlier announcement that the company is rolling out enhancements to the Sports Insights content on its platform.

“From the time that we founded NorthStar Gaming, we took the view that providing compelling content would lead to higher engagement with our customers,” he said. "And we're finding just that. We're planning to launch Sports Insights 2.0 in the first half of 2024 with redesigned sports and homepages, live scoreboards and tickers, live odds, trending topics and a greater tie-in in terms of the player journey and promotional offers that we provide to them."

Moskowitz noted that leveraging content helps attract new customers, with several media organizations using the company’s content on their own sites. “Ultimately, these articles and this content will help to create awareness around the NorthStar Bets brand and platform, and ultimately drive traffic to our site, which will convert into revenue.”

Keep reading...Show less
hand touching phone

Game-changing Prospects for the iGaming Market

iGaming has grown considerably in recent years. Driven by innovations in web technology and a changing regulatory landscape, online casinos and sportsbooks are more popular than ever.

To understand how the landscape may change moving forward, investors should assess how the industry has evolved in recent years.

Keep reading...Show less
smartphone on podium

Top Trends Shaping the Canadian iGaming Market

From emerging technologies to evolving regulations, the trajectory of iGaming has changed substantially in recent years as the market has experienced significant growth.

In 2022, Ontario's provincial government introduced game-changing legislation that established a regulatory framework for iGaming. Due to this legislation, regulated iGaming successfully displaced the unregulated market, according to Attorney General Doug Downey, creating over 1.6 million active player accounts across more than 70 operator websites as of April 2023 — just over one year following the change.

Ontario's regulation has also laid the groundwork for widespread change in the iGaming space across Canada. As iGaming continues to evolve, it's important to have a deeper understanding of both new and existing trends that will shape the industry's future, as well as regulations.

Keep reading...Show less

Latest Press Releases

Related News

×