Ontario's iGaming Sector Hits Record CA$338 Million Revenue in May 2025

TL;DR

Ontario's iGaming market hit a record CA338.0 million in May 2025, offering operators and investors a lucrative opportunity in a rapidly growing sector.

In May 2025, Ontario's iGaming revenue reached CA338.0 million, driven by online casinos and sports betting, with a 40.3% increase from May 2024.

The regulated iGaming market in Ontario contributes significantly to the province's economy, creating jobs and generating revenue for public services.

Ontario's online gambling scene broke records in May 2025, with players wagering over CA8 billion, showcasing the sector's explosive growth.

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Ontario's iGaming Sector Hits Record CA$338 Million Revenue in May 2025

Ontario's iGaming sector achieved a historic milestone in May 2025 as gross gaming revenue reached CA$338.0 million, representing a 2.9% increase from previous records and a substantial 40.3% growth compared to the same period last year. This remarkable performance was complemented by total player wagering exceeding CA$8 billion for the first time in the province's history, reflecting a robust 28.9% year-over-year increase in betting activity. The sustained growth trajectory highlights the maturing nature of Ontario's regulated online gambling market and its increasing contribution to the provincial economy.

Online casinos emerged as the dominant force within the iGaming landscape, generating CA$259.8 million in revenue and accounting for 77% of the total market share. Sports betting maintained strong performance with CA$71.8 million in revenue, while online poker demonstrated notable growth with an 18.9% revenue increase. Despite a marginal decline in active player accounts, the market showed increased engagement through a 10.0% rise in average revenue per active player account, indicating higher spending levels among participating consumers. This trend suggests that while the player base may be stabilizing, committed players are investing more substantially in online gambling activities.

The Ontario iGaming market currently operates with 50 licensed operators managing 86 individual websites, creating a highly competitive environment that benefits consumers through varied offerings and competitive pricing. The record-setting performance underscores the effectiveness of Ontario's regulatory framework in fostering a safe and thriving digital gambling ecosystem. The substantial revenue generation demonstrates how regulated markets can successfully capture economic benefits while providing consumer protections that were previously unavailable in unregulated spaces. The continued expansion of Ontario's iGaming sector signals strong consumer confidence in the regulated market model and its ability to deliver diverse gambling options while maintaining operational integrity.

This unprecedented growth in Ontario's iGaming industry reflects broader trends in digital entertainment consumption and the shifting preferences of modern consumers toward online platforms. The sector's performance provides valuable insights for other jurisdictions considering similar regulatory approaches, demonstrating how properly structured markets can generate significant economic activity while addressing consumer protection concerns. The consistent revenue growth and record wagering volumes position Ontario as a North American leader in regulated online gambling, setting benchmarks for market development and regulatory effectiveness that other regions may seek to emulate in their own gaming frameworks.

Curated from News Direct

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