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Ontario’s regulated iGaming market generated C$405.4m in gross gaming revenue from C$9.31bn in total wagering in April 2026, up 29.4% year-on-year, even as monthly handle slipped 3% from March’s record. The figures, published by iGaming Ontario, covered 1.27 million active player accounts across online casino, sports betting and peer-to-peer poker.
Revenue rose 5% from March’s C$387m and climbed from C$313.1m in April 2025. Total cash wagers fell back from March’s record C$9.59bn but ran 19.5% ahead of the C$7.8bn recorded a year earlier. The result extends a growth run that took the province past C$4bn in annual revenue during 2025, four years after the market opened in April 2022.
Online casino drives the handle
Online casino accounted for C$8.14bn of wagering, or 87.4% of the total, and C$314.1m of revenue. The vertical returned just 3.86% to operators as revenue, the lowest win rate of the three product types. Slots and table games recycle money at speed, so a single funded balance can generate many times its value in handle. A player stakes, wins part of it back, and stakes again, producing large wagering volume against a modest take per dollar.
That mechanic explains why casino’s share of revenue, 77.5%, sits below its 87.4% share of handle. The category moves most of the money in Ontario without dominating the bottom line to the same degree.
Sports betting carries the margin
Sports betting told the opposite story. It made up 11.2% of handle, C$1.05bn, but delivered C$86m, or 21.2% of revenue, on a win rate of 8.23%. Because a bet settles once on a single outcome, operators keep a larger slice of each dollar staked than they do on casino play. On a per-dollar basis, betting is the most profitable vertical in the province even though casino moves far more money overall.
The split matters for how the market is read. A headline handle of C$9.31bn is a casino figure first, while the revenue mix leans further toward betting than the raw wagering totals suggest.
Poker holds a niche
Poker remained a small third pillar, contributing C$128m of handle and C$5.3m of revenue, 1.4% and 1.3% of their respective totals. Its 4.14% win rate reflects the rake model rather than a house edge. The segment has occupied a steady but minor role since the regulated market launched, without the scale of casino or the margin of betting.
Player economics improve
Active accounts reached 1.265 million, up 2% on March. Average revenue per active account came in at C$321, up 3% month-on-month and 11.8% from C$287 in April 2025. The per-account figure points to higher monetisation rather than player numbers alone, with the gain blended across casual bettors and high-frequency casino players. Ontario’s market remains restricted to players aged 19 and older, the same age threshold that frames the province’s self-exclusion and player protection standards.
RG editor-in-chief Sol Fayerman-Hansen framed the structure of the market in blunt terms:
Ontario is a casino market with a sportsbook attached, not the other way around. The handle is almost all casino, but the margin tilts toward betting, and you miss the real economics if you only read the top line. That split is what separates a full iGaming market like Ontario from the sports-only states south of the border.
Four years on, with Alberta next
April 2026 marked four years since Ontario opened its commercial iGaming market on April 4, 2022. The province now processes close to C$100bn in annual wagers and more than C$4bn in operator revenue, with more than 90% of online gamblers playing inside the regulated framework and over 50 licensed operators running more than 80 sites. First-quarter wagering reached C$27.8bn, generating C$1.13bn in revenue, the strongest quarter since launch.
The operator field continued to shift during the period. Hard Rock Digital secured an Ontario licence, while Casumo, Conquestador and Rivalry exited or paused operations ahead of the slower summer months. With casino activity less tied to the sports calendar, the breadth of Ontario’s market tends to cushion the summer dip that thins out betting-only jurisdictions. The wider question now sits to the west, where Alberta is preparing its own open iGaming market on a model closely modelled on Ontario’s, and where operators will look to Ontario’s per-account economics as the benchmark for what a second large Canadian market could deliver.
Source: iGaming Ontario
