The online gambling market in Ontario achieved significant growth in the fiscal year 2024-25 (April 1, 2024, to March 31, 2025), with total revenue reaching CAD 3.2 billion (approximately USD 2.3 billion), setting a record high since the province opened its legal online gambling market in April 2022.
This figure represents a 32% increase over the previous fiscal year and a 129% increase since the market opened.
Segment Performance
Of the CAD 3.2 billion in total revenue, casino gaming contributed the most, reaching CAD 2.4 billion, a year-over-year increase of 36%. Sports betting revenue was CAD 724 million, up 23%, while online poker revenue remained stable at CAD 66 million.
In terms of betting volume, the total online betting amount in the province reached CAD 82.7 billion, a 31% increase year-over-year. Among these:
Casino betting amounted to CAD 69.6 billion (up 34%)
Sports betting amounted to CAD 11.4 billion (up 17%)
Poker betting amounted to CAD 1.7 billion (up 2%)
Quarterly and Monthly Highlights
The fourth quarter of the fiscal year 2024-25 (January-March 2025) was particularly outstanding:
Quarterly revenue reached a new high of CAD 903 million
Total betting volume for the quarter was CAD 22.9 billion
Revenue for March alone was CAD 294.8 million, up 22.3% year-over-year
Heidi Reinhart, Chair of iGaming Ontario, stated: "These figures demonstrate that Ontario has established a vibrant online gambling market, with 49 licensed operators running 84 websites, offering world-class game selections and security for players."
Market Maturity
As the market develops, the online gambling in Ontario exhibits the following characteristics:
Stable player base: Active player accounts reached 1.1 million in March
Increased spending power: Average monthly revenue per active account was CAD 278
Regulatory system improvement: iGaming Ontario has shifted from quarterly to monthly data disclosure
It is noteworthy that these figures do not include the iGaming services and horse racing betting pools operated by the Ontario Lottery and Gaming Corporation (OLG). Market analysts believe that the success of Ontario's online gambling market provides valuable references for other provinces in Canada.
