Betty Canada Q2 2026: Revenue Up 113% on Ontario Growth

Betty Canada reported a 113% year-over-year jump in net gaming revenue for the second quarter of 2026, a gain driven almost entirely by its established Ontario business. For the three months ending June 30, the operator posted net gaming revenue of USD 90.2 million, up 11% from the prior quarter. Since Ontario has been Betty's only live Canadian market through this period, the results reflect continued momentum there rather than any contribution from Alberta. The company only began operating in mid-July. EBITDA for the quarter reached USD 8.4 million. Active players on the platform climbed to 167,000 in June 2026, more than double the 81,000 recorded a year earlier. The strong Ontario performance positions Betty for its next growth phase as it enters Canada's newest regulated market.

How Ontario Fuels Betty's Growth and Market Position

Ontario remains Betty's core market and the primary source of its Q2 gains. The province has been the company's only operational base in Canada since Betty launched there in early 2023. That history explains why the 113% revenue increase and rising player counts stem directly from Ontario activity.

The operator has worked to build brand recognition through sponsorship deals with major sports franchises, including Toronto FC, the Maple Leafs, the Raptors, and the Argonauts. These partnerships have helped Betty compete against larger operators such as DraftKings, FanDuel, and BetMGM in a market that generated over $4 billion in revenue last year. Betty's active player growth and revenue run rate have scaled steadily each quarter. That consistency reinforces Ontario's role as the company's financial engine heading into its next expansion phase.

Betty Launches in Alberta's New Regulated Market

Betty officially entered Alberta on July 13, when the province's new regulated online gaming market went live. The company was among 22 operators available on launch day. Ahead of opening, Betty secured more than 10,000 player registrations before real-money betting began. Preparations included converting an earlier provincial license into a fully licensed operation, backed by dedicated teams across customer service, operations, and live gaming functions. Marketing activity picked up in the lead-up to launch, including billboard advertising in Edmonton. Because Alberta launched after the Q2 reporting period closed, none of its activity is reflected in the 113% growth figure.

Alberta Seen as Betty's Next Big Growth Opportunity

Betty described Alberta as its most immediate growth opportunity going forward. The company projects the province could reach USD 60 million in annual recurring revenue by the end of 2026.

At full maturity, Betty expects Alberta to represent 35% to 40% of the size of its Ontario operation.

In a statement, CEO Chavdar Dimitrov credited the team's execution of the launch and said the company is aiming to secure the top market position in Alberta from the outset. Betty has also expanded into the UK market this year as part of its broader international growth strategy.