Ontario iGaming Sets New Records in 2025: $72B in Bets and $3B in Revenue

Ontario’s regulated online gambling market closed 2025 with its strongest performance since launch, confirming the province as one of North America’s fastest-growing iGaming jurisdictions. According to data from iGaming Ontario, licensed operators processed almost CAD 100 billion in wagers during the year and generated just over CAD 4 billion (USD 2.9B) in gross gaming revenue before tax.

Total cash wagers reached CAD 98.3 billion, up 26% compared to 2024. Revenue expanded even faster, rising 34% year over year to approximately CAD 4 billion across online casino, sports betting and peer-to-peer poker.

Because Ontario reports revenue before applying its 20% tax rate, the figures imply around CAD 807 million in tax income for the province in 2025 alone, with operators retaining roughly CAD 3.2 billion after tax.

Since regulation began in April 2022, cumulative operator revenue has now passed CAD 10.2 billion, translating into an estimated CAD 2 billion in total tax revenue for the province in less than four years.

December marked the strongest month ever for the market. Handle hit CAD 9.5 billion, while revenue reached CAD 425.4 million, representing increases of 21.5% and 57.3% respectively compared to December 2024.

The final quarter showed sustained momentum, with monthly wagering exceeding CAD 9 billion in October, November and December. Revenue first crossed the CAD 400 million mark in November and climbed further in December.

Active player accounts also reached a new high. Ontario finished 2025 with 1.27 million active accounts, up 24.5% year over year. Average revenue per account rose to CAD 334, a 27% increase from 2024.

Casino games continued to power the province’s iGaming growth. In December alone, online casinos accounted for nearly CAD 8.3 billion of the CAD 9.5 billion wagered, or 87% of total handle. Throughout the year, casino’s share never dropped below 83% and peaked at 89% during summer months.

On the revenue side, casino also led comfortably. December casino revenue reached CAD 320.5 million, around 75% of total market revenue, and operators finished 2025 with more than CAD 3.1 billion in casino-only revenue.

Sports betting remained the second-largest segment. Ontarians wagered over CAD 12 billion on sports during 2025. Monthly handle typically hovered near CAD 1 billion, including CAD 1.09 billion in December.

While betting volume dipped slightly compared to late 2024, revenue surged late in the year. Sports betting NAGGR reached CAD 102 million in November and CAD 99.1 million in December, the two best months of 2025. December’s result was more than 150% higher than the same month a year earlier, helped by NFL results and major sporting events.

Peer-to-peer poker remained a niche vertical while limited to Ontario-only liquidity. In December, poker generated CAD 141 million in wagers and CAD 5.8 million in revenue, roughly 1–2% of total market activity.

Ontario currently hosts 48 licensed operators running 82 gaming sites, excluding the government-run Ontario Lottery and Gaming Corp.

The market saw several changes in 2025. DraftKings expanded its footprint with the launch of Golden Nugget Online Casino, while brands such as Fitzdares, Betiton, MagicRed Casino and Wildz exited the province.

Looking ahead, the number of operators could approach 50 again. Sports streaming platform DAZN has been approved to launch DAZN Bet in 2026, while absolutebet has secured a licence but is not yet live. High Roller Technologies also has an application under review.

With nearly USD 3 billion in annual revenue, Ontario now sits among the largest regulated iGaming markets on the continent. Although it still trails leading U.S. states like Pennsylvania, New Jersey and Michigan in absolute revenue, Ontario has achieved this scale in under four years — faster than many comparable jurisdictions.

If growth continues at a similar pace, Ontario’s model could become a blueprint for other Canadian provinces. Alberta is already preparing to launch its own competitive iGaming framework, potentially creating a second major regulated market in Canada later in 2026.

Ontario’s 2025 results confirm that regulated iGaming in Canada is no longer experimental. It is now a multi-billion-dollar industry with rising player participation, strong tax returns for government, and a market structure that continues to attract major international operators.