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Ontario’s regulated iGaming market generated C$4.04 billion ($2.98 billion) in annual revenue for 2025, representing a 34% increase from the previous year and establishing new benchmarks across wagering, revenue, and player engagement metrics.
The province’s online casino, sports betting, and poker market set multiple records during the year, with monthly handle reaching C$9.5 billion in December and non-adjusted gross gaming revenue (NAGGR) hitting C$425.4 million ($314.3 million) in the same month.
Online Casino Dominates Revenue Mix
Casino gaming maintained its position as the primary revenue driver, generating C$3.153 billion in 2025, a 40% increase from 2024 levels. The vertical accounted for approximately 75% of total market revenue, with December’s monthly revenue reaching a record C$320.5 million.
Casino wagers consistently represented more than 85% of total handle throughout the year, reflecting the segment’s structural position within Ontario’s mature iGaming ecosystem.
Sports Betting Shows Momentum
Sports betting revenue reached C$814.9 million for 2025, up 18.6% year over year and representing roughly 20% of total market revenue. The segment exceeded C$100 million in monthly revenue during November, marking one of its strongest performances since the market opened in April 2022.
While monthly fluctuations remained characteristic of the vertical, the segment demonstrated improved monetization during major sporting events and closed the year well above 2024 totals.
Poker Maintains Niche Position
Poker generated C$70.2 million in 2025, a 3.7% increase from the prior year. The segment held less than 2% market share but continued to serve a dedicated player base within the broader iGaming framework.
Player Engagement Metrics Climb
Active player accounts grew 25% year over year, from 1.03 million to 1.28 million. Average revenue per active player account (ARPPA) increased 27%, from C$263 to a record C$334, indicating both expanded market participation and higher player monetization rates.
Three-Year Growth Trajectory
Ontario’s regulated market has scaled rapidly since launch. In April 2022, monthly handle stood at C$1.1 billion with monthly revenue below C$60 million. By December 2025, monthly handle had reached C$9.5 billion with monthly revenue exceeding C$425 million.
The province has now generated more than C$10 billion in cumulative regulated iGaming revenue since market inception, establishing Ontario as one of the largest regulated online gaming jurisdictions in North America in less than four years of operation.
Comparison to U.S. iGaming Markets
When converted to U.S. dollars, Ontario’s approximately $3 billion in 2025 iGaming revenue positions the province behind several leading U.S. states, despite Ontario’s larger population base.
Pennsylvania generated an estimated $4.30 billion in combined iGaming and online sports betting revenue, including approximately $3.46 billion from iGaming and $839 million from sports betting. New Jersey produced $4.06 billion in combined revenue, with $2.91 billion from iGaming and $1.15 billion from online sports betting. Michigan reported $3.76 billion in total revenue, comprising $3.09 billion from iGaming and $671.2 million from online sports betting.
All three U.S. states have smaller populations than Ontario, which has approximately 15 million residents compared to Pennsylvania’s 13 million, New Jersey’s 9.3 million, and Michigan’s 10 million.
Alberta Prepares Second Provincial Market
Ontario’s record performance comes as Alberta moves toward launching Canada’s second competitive, multi-operator iGaming market. The province passed the iGaming Alberta Act in 2024, establishing a regulatory framework similar to Ontario’s model and authorizing private operators to offer sports betting and online casino products alongside the existing government-run platform.
Alberta regulators have begun accepting operator applications and publishing licensing standards, with a market launch anticipated later in 2026, potentially timed ahead of the fall football season. If Alberta follows Ontario’s growth pattern, the launch could create a significant second provincial market and further expand Canada’s regulated online wagering landscape.
Source: Alcohol and Gaming Commission of Ontario
