Ontario igaming revenue reaches CA$3.20 billion in 2024-25
Data published yesterday by iGaming Ontario covers the third full year of regulated online gambling from 1 April 2024 through 31 March 2025. The province opened its legal igaming market in April 2022.
The 2024-25 figures comfortably beat the CA$2.4 billion reported in year two of legal igaming in Ontario. It is also 129% ahead of the CA$1.40 billion generated during the market’s opening year.
Breaking this down, CA$2.40 billion of all revenue was attributed to casino gambling, up 36% year-on-year. Betting revenue climbed 23% to CA$724.0 million, alhough online poker revenue was level at CA$66.0 million for the period.
As to how much consumers spent, total online wagers hit CA$82.7 billion, an increase of 31% from the previous year. iGaming Ontario notes that the figure does not induce promotional wagers. Casino drew the most wagers, with total spend here reaching CA$69.6 billion, up 34%. Betting wagers also increased 17% to CA$11.4 billion, while poker spend edged up 2% to CA$1.7 billion.
Record quarter for Ontario
It was also noted that the final quarter of the year proved a record one for Ontario. Revenue hit an all-time high of CA$903 million in the three months to 31 March, while wagers reached a record CA$22.9 billion.
Players in Ontario can gamble online across 84 websites run by 49 licensed operators.
“These results show Ontario is home to a truly dynamic igaming market with a strong roster of operators, and a world-class list of games available for players,” iGaming Ontario chair Heidi Reinhart said. “Ontario’s regulated market continues to grow by offering a safer environment for Ontarians to play.”
March revenue tops CA$294.8 million
Ontario recently switched to publishing monthly reports for online gambling data. iGaming Ontario, which regulates the market, previously only released data on a quarterly and annual basis.
The first set of figures for February were published last month, with iGaming Ontario this week releasing the dataset for March. This revealed total igaming revenue of CA$294.8 million for the month, up 22.3% year-on-year and 5.3% ahead of February.
Casino generated CA$240.3 million of all revenue in March, with betting at CA$47.9 million and poker CA$6.6 million.
As for spending, wagers in March amounted to CA$7.94 billion, a year-on-year rise of 27.2%. Of this, CA$6.6 billion was spent on casino gaming, CA$1.12 billion betting and CA$148 million poker.
Some 1.1 million player accounts were active during March, with average revenue per active account at CA$278. Data covers all operators that have an agreement in place with iGaming Ontario, but not the OLG igaming offering or pari-mutuel wagering on horse racing.