Ontario Reports Second-Best Online Gambling Revenue Numbers Ever

Posted on: May 22, 2025, 12:51h. 

Last updated on: May 22, 2025, 01:46h.

Mark Keast Read More
Expertise: Canadian Gaming, iGaming, Las Vegas, Sports Betting, NFL, Boxing, UFC.
  • Two months in a row of year-over-year sports betting revenue decline
  • Slight increase in the number of player accounts
  • Total cash wagers in April at CA$7.795 billion

First the good news – April was the second-most lucrative month in terms of nonadjusted gross gaming revenue (CA$313.3 million) in the 37-month history of the regulated iGaming market in Ontario. January 2025 was tops at CA$328.4 million. 

The Ontario iGaming logo. April marked the second-most lucrative month of gaming in the province. (Image: iGaming Ontario)

In the latest market performance report released by iGaming Ontario, total cash wagers for April were CA$7.795 billion, down 2% from the previous month. The aforementioned NAGGR was a 6% increase from March.

That NAGGR figure represents total cash wagers, including rake fees, tournament fees, and other fees, across all licensed operators, minus player winnings, and doesn’t take into account operating costs or other liabilities. 

So that’s the money licensed operators made, minus the 20% provincial tax rate. 

Active player accounts in April were at 1.091 million, a 3% increase from March, with average player spend at $287. As of Thursday morning, there are 49 licensed iGaming operators in Ontario and 83 gaming websites.

Casino Dominates

Casino was the engine driving the market, according to the report — as per usual. Cash wagers on the casino side were CA$6.58 billion, a 1% decrease from March, for an 84% market share. Betting, including sports, esports, prop, and novelty bets, was CA$1.07 billion in cash wagers, a 10% decrease, for a 14% market share.

Peer-to-peer poker was at CA$144 million, a 2% decrease, and a 2% market share.

On the NAGGR side, casino was at CA$242.8 million, a 1% increase over March, for a 78% market share. Betting was at CA$64.5 million, a healthy 34% increase from what was a poor March performance, but still, a 1% year-over-year decrease (21% market share). P2P poker was CA$5.9 million in revenue, an 11% decrease month over month for a 2% market share. 

Based on early 2025 returns, sports betting has seen two consecutive months of year-over-year declines. March was uglier than April, with CA$48 million in revenue (betting revenue in March 2024 was CA$51 million, while in April 2024 it was CA$65 million). 

There’s a normal decline in sports betting during the summer months, until the ramp-up to the NFL season.