Ontario iGaming Market Hits CA$3.2 Billion in Annual Revenue

Ontario’s online gambling sector achieved its strongest performance yet in the 2024-25 fiscal year, with gross gaming revenue (GGR) reaching CA$3.2 billion, a substantial 32% jump compared to the previous year. iGaming Ontario released the data, highlighting the continued growth of Canada’s only fully regulated online gaming market since its launch in April 2022.

Third Year of Growth for Ontario’s Online Market

The new figures detail the third full year of Ontario’s regulated online gaming operations, running from April 1, 2024, to March 31, 2025. The province’s total online wagers surged to CA$82.7 billion, a 31% year-on-year increase. It’s important to note that this figure excludes any promotional bets.

Casino games continued to dominate the market, generating CA$2.4 billion of total GGR and ing for CA$69.6 billion in wagers, up 34% compared to 2023-24. Betting activities produced CA$724 million in revenue from CA$11.4 billion in wagers, while peer-to-peer poker remained steady, contributing CA$66 million from CA$1.7 billion in wagers.

The report also highlighted Ontario’s strongest-ever quarter between January and March 2025. During this period, the market brought in a record CA$903 million in revenue, alongside a historic high of CA$22.9 billion in wagers.

According to Heidi Reinhart, Chair of iGaming Ontario’s Board of Directors, “These results show Ontario is home to a truly dynamic igaming market with a strong roster of operators, and a world-class list of games available for players.” She added that the regulated environment is helping to create a safer gaming experience for Ontarians.

Record Monthly Data Under New Reporting System

In 2025, iGaming Ontario transitioned from quarterly to monthly reporting, offering more detailed insights into market activity. March 2025 figures showed total online gambling revenue of CA$294.8 million, marking a 22.3% increase compared to the previous March and a 5.3% rise over February 2025.

Casino activities alone generated CA$240.3 million of the March total, with betting contributing CA$47.9 million and poker generating CA$6.6 million. Meanwhile, wagers for the month reached CA$7.94 billion, split across CA$6.6 billion for casino, CA$1.12 billion for betting, and CA$148 million for poker.

Player engagement remained robust as well, with approximately 1.1 million active s recorded during March and an average revenue per active of CA$278. It’s worth noting that these figures represent only operators licensed under agreements with iGaming Ontario and do not include the Ontario Lottery and Gaming Corporation’s (OLG) online offerings or horse race wagering.

A Competitive Environment Driving Results

Ontario’s open, competitive structure now boasts 49 licensed operators across 84 active gaming sites. A recent IPSOS study commissioned by iGaming Ontario and the Alcohol and Gaming Commission of Ontario (AGCO) indicated that 83.7% of players prefer licensed sites. However, the study also showed that about 20.2% of players using regulated platforms still interact with unregulated sites.

With thousands of games available under a framework that enforces player protections, Ontario’s model aims to strengthen consumer safety compared to the unregulated market.

Beyond the revenue numbers, 2024 also saw the development of Ontario’s first centralized self-exclusion system, an important step in advancing responsible gambling practices. Another sign of the market’s cultural penetration was the finding that 48% of Super Bowl LIX viewers in Ontario planned to wager on the event, according to a Responsible Gambling Council (RGC) survey.

As Ontario’s online gambling industry continues to evolve, the momentum from 2024-25 sets the stage for even greater competition, innovation, and focus on safe play in the coming years.

Source:

iGaming Ontario posts steady growth as market matures in year 3, igamingontario.ca, April 24, 2025