iGaming Ontario today reported consistent year-over-year growth in the province’s competitive igaming sector – CAD $82.7 billion in total bets and CAD $3.2 billion in gross gaming revenue for the fiscal year 2024/25.
The report addressed the financial year spanning from April 1, 2024, to March 31, 2025, marking the third complete year of the regulated market. The igaming sector in Ontario launched on April 4, 2022.
"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,” said Heidi Reinhart, Chair of the Board of Directors.
“With 49 operators offering 84 gaming sites, Ontario’s regulated market continues to grow by offering a safer environment for Ontarians to play.”
The overall number of wagers (excluding promotional bets or bonuses) rose by 31% compared to 2023-24. Total gaming revenue saw a 32% rise compared to 2023-24. This figure illustrates the complete cash bets, encompassing rake fees, tournament fees, and additional fees, among all operators, along with player earnings from cash bets, excluding operating expenses or other obligations.
An IPSOS study commissioned by iGaming Ontario and the Alcohol and Gaming Commission of Ontario (the third annual IPSOS study) found that 83.7% of Ontarians opted to play on regulated sites (within the last three months when surveyed), while 16.3% of participants reported gambling on unregulated websites.
Importantly, the figure from last year's IPSOS study at the two-year point for the sector was 86.4%, with 13.6% indicating they placed bets on unregulated sites.
Prior to the introduction of Ontario's open and regulated market in 2022, it was estimated that 70 percent of online gambling was taking place on unregulated platforms.
Casino remains a leader in the igaming sector within the province, amassing CAD $69.6 billion in total wagers (a 34% rise compared to 2023-24), with betting (covering sports betting, esports, propositions, novelty wagers, and exchange betting) reaching CAD $11.4 billion (up 17%) and peer-to-peer poker at CAD $1.7 billion (growing by 2%).
In terms of gaming revenue distribution, casino earnings reached CAD $2.4 billion for the year (up 36%), while betting totaled CAD $724 million (up 23%), and P2P poker stood at CAD $66 million (unchanged from 2023-24).
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