iGaming Ontario has announced a major update to its reporting approach, launching monthly performance releases instead of issuing results quarterly. The new format details wagers and gaming revenue by product category across all operators active since the market’s launch on 4 April 2022. The updated report is delivered as a multi-tab Excel file that refreshes monthly and includes visual summaries covering the most recent 13-month period.
The inaugural update includes figures through 31 December 2024, marking the end of Ontario’s third quarter of fiscal year 2024–25. According to iGaming Ontario, total wagers for Q3 reached $22.7 billion, representing a 22% increase from the previous quarter and 32% growth compared to the same period the previous year. Gaming revenue climbed to $825.8 million—up 10% quarter-over-quarter and 25% year-over-year—calculated as total cash wagers minus winnings, excluding operational costs.
Across Q3, 50 operators ran 83 gaming websites, with casino gaming accounting for the vast majority of activity. Casino products generated $18.9 billion in wagers (83% of the total) and $644 million in revenue (78%). Betting made up $3.4 billion in wagers (15%) and $166 million in revenue (20%), while peer-to-peer poker contributed $418 million in wagers and $16 million in revenue.
October Delivers Record Wagering and Revenue
Ontario’s shift in reporting coincides with a standout month for the iGaming market. October set multiple records, propelled by a busy sports schedule and strong consumer engagement. iGaming Ontario confirmed more than $9 billion in wagers for the first time, with the handle reaching CAD $9.25 billion. Total cash wagers rose 24% year-over-year and increased 8% from September’s previous record.
October also delivered historic revenue results: non-adjusted gaming revenue hit $367.7 million, up 38% compared to October 2024 and surpassing the August 2025 record of $334.8 million. Online casinos dominated the market, generating 85% of all wagers and producing 82% of revenue from a $7.88 billion handle.
Sports betting activitysurged as the Toronto Blue Jays reached their first World Series since 1993 and both the NHL and NBA seasons began. October’s sports betting handle rounded out at $1.23 billion, a 16% year-over-year increase. Despite the volume, operator profits declined. Sportsbooks recorded only $58.3 million in winnings behind a 4.7% hold, marking a 20.4% year-over-year drop.
Player Activity Climbs as Poker Eyes Future Expansion
Active player accounts hit a new high of 1.29 million in October—an increase of 36% year-over-year. Peer-to-peer poker brought in $131 million in wagers and $5.6 million in revenue, up 5.7% compared to October 2024. Although poker represents a small share of total activity, its future may shift following a recent Ontario Court of Appeal judgment. The ruling stated that Ontario can legally expand poker into a multi-jurisdictional model, potentially allowing the province’s players to compete internationally. Daily fantasy sports may also re-enter the market.
As of October, 50 licensed operators were active across 88 sites, though that number has since contracted slightly due to several site closures, bringing the totals to 48 operators and 82 active platforms.
Source:
“iGaming Ontario market performance report now available by month”, igamingontario.ca, November 2025
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