iGaming Ontario’s (iGO) latest reporting completed the picture of the third year of operation of Ontario’s regulated market and suggests that business continues to boom, with both handle and gross gaming revenue up more than 30% from year two.

In Canadian FY 24-25, from April 1, 2024, to March 31, 2025, total wagering handle across online casino gaming, digital sports betting and online poker increased 31% to $82.7 billion. That dollar amount represents total cash wagers but does not include promotional wagers or bonuses.

GGR for the 12-month period eclipsed $3.2 billion. That is up 33.7% from year two’s $2.4 billion and 129% from the $1.4 billion wagered in the first year of Ontario’s market, which opened on April 4, 2022.

Online casino, constantly the biggest revenue driver in the Ontario market through three years, accounted for $69.6 billion of the FY handle (up 34% year over year) and $2.4 billion of FY revenue (up 36%). That includes slots, table games, live dealer and peer-to-peer bingo.

In comparison, Ontarians spent $11.4 billion across the 12 months on sports betting (up 17%), which includes typical online sports wagering and other betting such as esports, political and novelty wagers. That yielded $724.0 million in revenue, up 23%. Online poker spending crept up 2% to $1.7 billion but its revenue was flat at $66.0 million.

Ontario sets annual, quarterly and monthly records

As well as the annual records, both handle and revenue rose sequentially from quarter to quarter through the financial year. Q4 (January 1, 2025 to March 31, 2025) saw a new all-time handle high of $22.9 billion and a new record of $903 million in operator profit.

In March alone, Ontario gamblers wagered more than $7.9 billion, a new monthly benchmark and a year-on-year rise of 27.2%. More than three-quarters of that ($6.6 billion) was spent on online casino gaming, while $1.1 billion was on betting and just $148 million was on online poker.

iGO-managed operators took $294.8 million in revenue last month, up 22.3% year-on-year and an increase of 5.3% on February. That’s not an all-time record, but it is second only to the $328 million in GGR recorded in January of this year.

Casino generated $240.3 million of all March revenue, with sports betting at $47.9 million and poker at $6.6 million.

“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 iGO Chair Heidi Reinhart.

As of the time of writing, the iGaming Ontario-managed market hosts 84 websites run by 49 licensed commercial operators.

iGO’s reporting does not include online gaming done through Ontario Lottery and Gaming (OLG), the government-run operator which is not part of iGO’s reporting remit. OLG, which ostensibly holds around 20% of the province’s regulated online gambling market by revenue share, rounds out the number of available regulated operators at 50.

Neither does it include online gambling activity on unregulated sites. iGO’s report also included a link to a study conducted by IPSOS on behalf of iGO and the Alcohol and Gaming Commission of Ontario which found that 16.3% of Ontarians surveyed say they wager only on unregulated websites and one-fifth of the 83.7% who say they gamble via licensed operators also admit to wagering on unlicensed sites.

How does Ontario iGaming stack up over three years?

iGO’s latest reporting also allows us to step back and look at how the market has progressed in its first three years.

Total gross gaming revenue for operators eclipsed $7 billion in the market’s first 36 months. Of that, nearly $5.2 billion (73%) came from online casino, far outstripping the $1.8 billion (25%) that arose from sports betting. As iGO’s figures show every month, online casino reigns supreme.

The province’s 20% tax rate has produced more than $1.4 billion in tax revenue for the government in three years. Based on the GGR progression, the tax slice has grown from $280 million in year one to $480 million in year two to $642 million in year three.

The number of active player accounts in Ontario now sits at close to 1.1 million, nearly quadruple (+283%) the 277,000 that were active at the end of the market’s very first month in April 2022. Average revenue per active player account has grown 76% from April 2022 ($158) through the end of FY3 ($278).