Ontario's iGaming Sector Hits Record CA$338 Million in Revenue During 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 achieved a historic milestone in May 2025 as gross gaming revenue reached a record CA$338.0 million, representing a 2.9% increase from previous highs and a substantial 40.3% growth compared to the same period last year. This remarkable performance was accompanied by total player wagering exceeding CA$8 billion for the first time in the province's history, indicating a robust 28.9% year-over-year increase in market activity. The sustained growth trajectory highlights the maturity and stability of Ontario's regulated online gambling market since its inception.
Online casinos continued to dominate the market landscape, generating CA$259.8 million in revenue and accounting for 77% of the total iGaming revenue. Sports betting maintained strong performance with CA$71.8 million in contributions, while online poker demonstrated significant momentum with an 18.9% revenue increase. Despite a slight decline in active player accounts, the market showed improved monetization as average revenue per active player account rose by 10.0%, suggesting higher spending levels among engaged participants. This trend indicates that while the player base may be consolidating, the remaining players are becoming more valuable to operators.
The Ontario iGaming market currently operates with 50 licensed operators managing 86 websites, creating a highly competitive environment that benefits consumers through improved offerings and innovation. This record-setting performance underscores the effectiveness of Ontario's regulated market framework in generating substantial economic activity while providing consumer protections. The consistent growth patterns observed across multiple gaming verticals demonstrate the sector's resilience and the increasing consumer preference for regulated online gambling options over unlicensed alternatives. The market's ability to maintain growth momentum while ensuring regulatory compliance positions Ontario as a model for other jurisdictions considering iGaming legalization.
Curated from News Direct
