Ontario iGaming Market Report: Two Years of Record Growth [2025]

Ontario’s regulated iGaming market hit $22.7 billion in player wagers during Q3 2024-25, marking a 32% year-over-year increase. The market share for licensed operators reached 86.4% of total player activity by February 2024, up from 70% before market regulation.

Total gross gaming revenue stands at $6.2 billion since launch, with online casinos generating $4.5 billion. These numbers reflect strong market performance under Ontario’s regulatory framework.

This report details market growth factors, financial metrics, operator challenges, and regulatory standards shaping Ontario’s position as a leading regulated iGaming jurisdiction. The analysis draws from official market data and operator performance reports to present key trends in the province’s online gambling sector.

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Ontario iGaming Market Performance

Q3 2024-25 brought record numbers for Ontario’s online gambling market. Total wagers hit CAD 31.63 billion, showing 22% growth from Q2 and 32% year-over-year gains.

Revenue Highlights

Gaming revenue reached CAD 1150.64 million in Q3, up 10% from last quarter and 25% from 2023. Year two operations totaled CAD 87.78 billion in wagers and CAD 3.34 billion in revenue – jumping 78% and 72% respectively from year one.

Player Activity

Active player accounts numbered 997,000 in Q3 2024-25. Monthly spend averaged CAD 385.96 per player. Q2 saw higher numbers with 1.32 million active accounts spending CAD 429.15 monthly.

Gaming Category Breakdown

Q3 2024-25 market share by game type:

• Casino Games (slots/tables): 83% of wagers (CAD 26.33B), 78% of revenue (CAD 897.32M)
• Sports Betting: 15% of wagers (CAD 4.74B), 20% of revenue (CAD 231.30M)
• Poker: 1.8% of wagers (CAD 582.42M), 1.9% of revenue (CAD 22.29M)

The market features 50 operators running 83 gaming sites, creating strong competition in Ontario’s online gambling space.

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Ontario Online Casino Success Story

The regulated Ontario market shows strong performance since its April 2022 launch, built on clear standards and operator partnerships.

Regulatory Standards

The Alcohol and Gaming Commission of Ontario (AGCO) maintains strict oversight of game integrity, privacy controls, and anti-money laundering measures. iGaming Ontario works directly with operators to balance player protection and market efficiency.

Market Structure

Fifty licensed operators run 84 gaming websites across the province, establishing Ontario among North America’s top five iGaming markets. Operators pay CAD 139,336.02 yearly per gaming site, with revenue taxed at 15% on the first CAD 16.72 million.

Player Growth Strategy

AGCO’s updated advertising rules focus on responsible promotion, leading operators to develop smarter acquisition methods. Player retention now depends on personalized experiences, strategic bonuses, and multi-channel engagement.

Operators report stronger results from targeted match notifications compared to generic bonus offers. This shift toward customized player experiences helps build sustainable growth while meeting regulatory requirements.

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Ontario iGaming Economic Benefits

Ontario’s regulated iGaming market delivered CAD 1.73 billion in government revenue during year two. The revenue split shows CAD 1100.75 million for provincial coffers, CAD 104.50 million to municipalities, and CAD 529.48 million in federal funds.

Tax Performance

Provincial revenue projections point to CAD 242.44 million for fiscal 2024-25. Total government take since market launch tops CAD 2.79 billion.

Economic Growth Numbers

The iGaming sector powers significant economic activity:

• 15,000 full-time jobs across the province
• CAD 3.76 billion added to Ontario’s GDP
• CAD 1.95 generated for every operator dollar spent
• CAD 1.81 billion in worker earnings

Responsible Gaming Investment

Ontario commits CAD 12.54 million through the Responsible Internet Gambling Fund. The three-year program backs education campaigns and community partnerships, building a sustainable market framework.

The Responsible Gambling Council uses this funding for prevention programs and local organization partnerships. These efforts position Ontario as a leader in both market growth and player protection.

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Ontario iGaming Market Challenges

Ontario’s online gambling space shows fierce competition among 47 operators running 77 gaming sites. Product innovation drives market success more than traditional marketing approaches.

Operator Competition

The province stands as North America’s most active iGaming battleground. Operators focus on tech development over promotional spending. Several companies report 400+ new tech hires to boost product offerings.

Market Entry Costs

Operating expenses for licensed sites:

• CAD 139,336.02 yearly registration fee per site
• CAD 6,966.80 to CAD 69,668.01 for system checks
• 15% tax rate on first CAD 16.72 million revenue

Safety Standards

AGCO maintains strict player protection rules. Sites must earn RG Check certification and join the province-wide self-exclusion program.

Security requirements cover payment processing and data protection. Sites share player data for gambling research, with full operator compliance to safety standards.

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Ontario iGaming Success Story

Ontario’s regulated market shows strong numbers with $22.7 billion Q3 wagers and 86.4% market share . Licensed operators deliver results while maintaining player protection standards.

The market powers economic growth through 15,000 jobs and $3.76 billion GDP contribution . Ontario’s $12.54 million responsible gaming fund backs player safety programs across the province.

Strong oversight balances business growth with consumer protection . Operators turn compliance requirements into innovation opportunities , creating better products for players while meeting strict standards.

The foundation stands ready for future growth . Ontario’s mix of smart regulation, operator innovation, and player protection points to continued market leadership in North American iGaming.

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FAQs

Q1. How much revenue has Ontario’s iGaming market generated since its launch?
Since its inception, Ontario’s regulated iGaming market has generated $6.2 billion in total gross gaming revenue, with online casinos accounting for $4.5 billion of this amount.

Q2. What percentage of player activity do regulated operators capture in Ontario?
As of February 2024, regulated operators in Ontario capture 86.4% of player activity, a significant improvement from the estimated 70% that occurred on unregulated sites before the market launched.

Q3. How has the iGaming market impacted Ontario’s economy?
The iGaming sector has created nearly 15,000 full-time equivalent jobs, contributed $3.76 billion to Ontario’s GDP, and generated over $2.79 billion in government revenue since its launch.

Q4. What measures are in place to promote responsible gambling in Ontario?
Ontario has invested $12.54 million through the Responsible Internet Gambling Fund to support consumer education campaigns, community outreach programs, and partnerships with local groups to promote responsible gambling practices.

Q5. How competitive is Ontario’s iGaming market?
Ontario’s iGaming market is considered North America’s most competitive online gambling landscape, with 50 operators managing 83 gaming websites. Operators primarily compete through product innovation and technological advancements to differentiate their offerings.