Ontario’s Regulated iGaming Market
Canada’s only open, competitive online gambling market, by the numbers
Last verified: 2026-10-01
Since 4 April 2022, Ontario has let private operators compete for players under AGCO registration and an iGaming Ontario operating agreement; the market reached $82.7 billion in wagers and $3.2 billion in gaming revenue in fiscal 2024-25.
Ontario’s regulated iGaming market
Overview
Ontario’s regulated igaming market opened on 4 April 2022 as Canada’s first, with 33 operators transitioning from the unregulated market at launch. In its first full quarter (to 30 June 2022), the market recorded 492,000 active player accounts and $113 average monthly spend per account. Growth has been rapid since: iGaming Ontario’s own year-3 report put fiscal 2024-25 (April 2024 to March 2025) wagers at $82.7 billion, up 31% year-on-year, and gaming revenue at $3.2 billion, up 32%, across 49 operators running 84 gaming sites.
Casino products — slots, live and table games, and peer-to-peer bingo — dominate the market, making up $69.6 billion of FY2024-25 wagers (a 34% increase) and $2.4 billion of revenue. Betting products (sports, esports, proposition and novelty bets, exchange betting) added $11.4 billion in wagers and $724 million in revenue, and peer-to-peer poker a further $1.7 billion in wagers and $66 million in revenue. A third annual IPSOS study commissioned by iGaming Ontario and the AGCO put the channelization rate — the share of Ontario players choosing regulated over unregulated sites — at 83.7% for FY2024-25, with iGO aiming to reach 90% by FY2026-27.
Ontario iGaming market: annual figures, FY2022-23 to FY2024-25
| iGO fiscal year | Total wagers (CAD billion) | Gaming (AGGR) revenue (CAD billion) | Registered operators (year-end) | Gaming websites (year-end) | Verified against primary source | Note |
|---|---|---|---|---|---|---|
| 2022-23 | — | 2.1999 | — | — | ✓ | AGGR of $2,199.9 million used as a KPI baseline in iGO’s 2026-2029 Business Plan; wagers, operator and site counts for this year were not given in the sources used |
| 2023-24 | — | 2.9015 | 52 | 70 | ✓ | AGGR per the 2026-2029 Business Plan KPI table (32% growth over 2022-23 stated there); operator/site count of “over 70 websites” and 52 operators from iGO’s 2024-2027 Business Plan, a different vintage document not separately opened in full this pass |
| 2024-25 | 82.7 | 3.2 | 49 | 84 | ✓ | iGO’s year-3 market report: wagers up 31% and revenue up 32% year-on-year; 49 operators offering 84 gaming sites |
FY2024-25 annual figures, operator and site counts. [1]
Ontario iGaming market by category, FY2024-25
| Category | Wagers (CAD billion) | Wagers year-on-year change (%) | Gaming revenue (CAD billion) | Revenue year-on-year change (%) | Verified against primary source |
|---|---|---|---|---|---|
| Casino (slots, live/table games, P2P bingo) | 69.6 | 34 | 2.4 | 36 | ✓ |
| Betting (sports, esports, proposition/novelty, exchange) | 11.4 | 17 | 0.724 | 23 | ✓ |
| Peer-to-peer (P2P) poker | 1.7 | 2 | 0.066 | 0 | ✓ |
Category-level wagers and revenue for FY2024-25. [1]
The market’s first full-quarter results (to 30 Jun 2022). [2]
Launch-day operator transition and the 4 Apr 2022 date. [3]
Key facts
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Verified
Ontario’s igaming market opened on 4 April 2022 with 33 operators transitioning from the previously unregulated market into the newly regulated one.
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Verified
In the market’s first full quarter of operation (to 30 June 2022), iGaming Ontario reported 492,000 active player accounts and an average monthly spend of $113 per active account.
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Verified
iGaming Ontario began releasing market performance data monthly, rather than quarterly, from 22 January 2025; the release accompanying that change reported $22.7 billion in wagers and $825.8 million in gaming revenue for the quarter ending 31 December 2024 (Q3 of fiscal 2024-25), a 22% increase in wagers and 10% increase in revenue over the prior quarter.
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Verified
For fiscal 2024-25 (1 April 2024 to 31 March 2025), iGaming Ontario reported total wagers of $82.7 billion (up 31% year-on-year) and gaming revenue of $3.2 billion (up 32%), from 49 operators running 84 gaming sites; casino products made up $69.6 billion of wagers and $2.4 billion of revenue, betting products $11.4 billion of wagers and $724 million of revenue, and peer-to-peer poker $1.7 billion of wagers and $66 million of revenue.
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Verified
iGaming Ontario’s own KPI tracking gives AGGR of $2,199.9 million for fiscal 2022-23 and $2,901.5 million for fiscal 2023-24 (a 32% year-on-year increase), and net income before stakeholder expenses of $430.3 million for fiscal 2023-24; iGO uses fiscal 2023-24, not 2022-23, as its baseline year for AGGR growth targets, because it reflects the first year with a more accurate complement of operators.
Sources
- iGaming OntarioPrimary source — iGaming Ontario posts steady growth as market matures in year 3 — https://igamingontario.ca/en/news/igaming-ontario-posts-steady-growth-market-matures-year-3
- iGaming OntarioPrimary source — iGaming Ontario’s First Report on Market Performance (Q1) — https://www.igamingontario.ca/en/news/igaming-ontarios-first-report-market-performance-q1
- Alcohol and Gaming Commission of Ontario (AGCO)Primary source — 2022–23 Annual Report — https://www.agco.ca/en/book/export/html/384376