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But another private iGaming supplier has now joined Ontario and the open market for online gambling and sports betting. This time, BeyondPlay announced that it has been approved by the Ontario Alcohol and Game Commission for a gaming vendor license. This permit allows the delivery of game services and content to operators operating in the state.

In April 2022, the state became the first Canadian jurisdiction to allow private operators to provide legitimate iGaming to local players. The regional sector, controlled by AGCO and its subsidiary iGaming Ontario, has drawn attention from some of the industry's biggest names. In its first year, it was ranked in the top five in North America, generating more than CA$35 billion in betting handles.

Now that BeyondPlay is a licensed gaming provider in Ontario, the company can enter into a B2B partnership with betting operators that are also allowed to run in the iGaming sector. The supplier also announced that it will launch high-end content-agnostic jackpot management software in Ontario during the fourth quarter of 2023.

Andriy Grigorovich, the game provider's compliance director, said the team was honored to be officially registered as a gambling software distributor in Ontario by AGCO. He said this was evidence of the company's commitment to compliance and responsible gambling. After Ontario, we plan to reach new legal jurisdictions and expand further into North America.

Licenses allow providers to offer state-of-the-art multiplayer and jackpot products, the latter allowing operators to produce dedicated in-house jackpot for casinos, live casinos and sports betting products. Currently, developers have licenses from MGA, Sweden and the UK, all of which were achieved prior to the Ontario launch.

Recently, iGaming Ontario released a quarterly report on the regulated online casino and sports betting market for the period from April 1 to June 30, 2023. In the first quarter of the FY, the state handled more than CA$14 billion of online bets. This translates into CA$545 million in pre-tax gaming revenue.

As of the end of the quarter, there were 46 online operators operating 71 gaming websites. With 920,000 active player accounts, the average monthly expenditure is CA$197. Slots, live and computer-based table games and peer-to-peer bingo account for nearly 83% of total bets, or CA$11.6 billion. The rest is divided into sports betting and poker.

In the meantime, the iGaming sector has continued to grow as operators enter the market, and the province launched STX, the first sports betting exchange in July 2023, and both buyers and sellers can trade in the betting market if they find a midpoint in price through the platform.

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