iGaming Ontario's third year of operations Shows Steady Revenue Growth
It’s not only the current fortunes of the Toronto Maple Leafs that are causing self-satisfied smiles in Ontario.
iGaming Ontario says year-over-year regulated online gambling growth is “robust.” Adding that in year three as an entity, it saw $82.7 billion in wagers and $3.2 billion in gross gaming revenue.
“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,” board chair Heidi Reinhart said in a release published on their website. “With 49 operators offering 84 gaming sites, Ontario’s regulated market continues to grow by offering a safer environment for Ontarians to play.”
New Kid in Town?
That number of operators could soon be a nice round number, as Hard Rock is reportedly interested in purchasing the assets of PointsBet Canada and subsequently entering the Ontario online gambling market.
The unaudited report shows total gaming revenue of $3.2 billion, representing a huge 32% increase over 2023-24. It includes total cash wagers across all operators, including rake, tournament, and other fees, as well as player winnings from those wagers. It does not for operating costs or liabilities.
The total amount wagered in 2024-25 was $82.7 billion, an increase of 31% over 2023-24, but doesn’t include promotional wagers or bonuses.
Success Credited to Player Choice in Ontario
iGaming Ontario says players benefit most from all the gaming options in the province, adding “competition is alive and well in Ontario’s open regulated market” and that 84% of betting Ontarians are playing on regulated sites.
Those figures come from a study commissioned by iGaming Ontario and the Alcohol and Gaming Commission of Ontario, and performed by IPSOS. However, “there is more work to be done” since 20% of those playing on regulated sites still place bets in the unregulated market.
“With thousands of games available across more than 80 regulated sites, Ontario’s open competitive igaming market offers a diverse range of options alongside mandatory protections that the unregulated market does not,” the release added.
More Figures from the Report
Casino wagers placed on slots, live and computer-based table games, and peer-to-peer bingo were $69.6 billion, up 34% over the previous year. This led to casino gaming revenue of $2.4 billion, a 36% increase.
Betting on sports, esports, proposition and novelty bets, and exchange betting rose 17% to $11.4 billion.
Betting gaming revenue was $724 million, a 23% increase over 2023-24. Peer-to-peer (P2P) poker wagers were $1.7 billion, up slightly, by 2%, and P2P poker gaming revenue held steady at $66 million.
The report includes information on all iGaming Ontario operators with gaming websites during that period, except for OLG’s igaming offering or pari-mutuel wagering on horse racing.
