Betty Canada Hits Record US$111M in Q3 Net Revenue Following Alberta Launch

Betty Canada reported a 23% quarter-over-quarter increase in net revenue across its Ontario and Alberta online gambling operations in Q3 2026, driven by sustained growth in Ontario and its July launch in Alberta’s newly regulated iGaming market.

In a LinkedIn update detailing the company’s Q3 2026 financial performance (July 1 to Sept. 30), Betty Canada CEO Chavdar Dimitrov confirmed the operator surpassed 214,000 active players across the Ontario and Alberta regulated iGaming markets in September—a 28% increase over June.

Preliminary data from gaming providers indicates Betty Canada captured the top spot in slots market share in Alberta following its July 13 launch, coinciding with the opening of the province’s commercial market.

Revenue and Regional Performance

Quarterly net revenue across Ontario and Alberta reached US$111 million in Q3, up 23% from Q2 2026. Ontario accounted for the vast majority of the total at approximately $101 million (up $11 million quarter-over-quarter), while Alberta generated nearly $10 million in net revenue following its mid-summer debut.

Player Acquisition & Marketing Efficiency

In Ontario, advertising spend was reduced 12% quarter-over-quarter to $15 million, yet new depositors from organic acquisition grew by 19%. Overall new depositors in Ontario increased 6% to 56,702 during Q3 despite the reduced ad spend.

Net revenue per active player in Ontario reached yearly highs of $193 in July and $195 in August before moderating to $183 in September.

Alberta recorded 42,831 new depositors during Q3, including more than 10,000 sign-ups generated from pre-launch campaigns. Advertising spend in Alberta totaled $14.1 million across the quarter. Net revenue per active player in the province rose from $126 in August—its first full month of operation—to $149 in September.

Alberta Expansion Gains Early Momentum

“This reflects a maturing player base, with retained players growing from 48% of our base in August to 62% in September, compared to 90% in Ontario,” the company reported.

Alberta represented 12% of Betty Canada’s total revenue in September, with management projecting that share will expand to 27% by December 2027.

Proprietary game development also yielded strong early returns. The first Betty Originals slot title, Vault Wreckers, launched in Ontario on Aug. 31 and Alberta on Sept. 17. The title drew 50,841 active players in its first seven days, averaging 307 rounds per player and generating 15.6 million total rounds—the highest opening seven-day round count among Betty’s 2026 new releases in Ontario.

Bingo Revenue Reaches Record High

Betty Canada reported its strongest quarter for bingo since launch, with net gaming revenue (NGR) reaching $911,000 in Q3, up 78% from Q2, including a record $394,000 in September. 

Combined with Mini Slots, the bingo segment generated $1.3 million in quarterly NGR, including $581,000 in September alone.

The bingo vertical attracted 71,000 players in September, representing 39% of Betty’s monthly active players in Ontario. The company noted that integrating bingo with slots is significantly boosting player retention, with 77% of bingo players cross-playing Mini Slots and weekly Saturday bingo events drawing up to 7,000 concurrent participants.