Ontario’s licensed iGaming operators collectively handled almost $100 billion in wagering activity and made a fraction over $4 billion in non-adjusted gross gaming revenue (NAGGR) in 2025.
The latest iGaming Ontario (iGO) report, published on Wednesday evening, completed the full picture of 2025 in North America’s most competitive online gambling market in terms of number of operators.
For the full calendar year, the total value of all cash wagers placed was around $98.3 billion, up 26% year over year. Meanwhile, operators’ combined NAGGR amounted to $4.0 billion over the last 12 months. That was 34% more than Ontario’s licensed online casino, sports betting and peer-to-peer poker platforms took in 2024.
Ontario made $807 million in iGaming tax in 2025
All of iGO’s NAGGR numbers are gross and indicate the amount of money taken from gaming activities before the province’s 20% tax rate is applied.
While the agency does not break down the revenue-share details in its reporting, that would ostensibly mean that the province made $807 million in tax revenue from regulated iGaming in 2025, while the operators collectively took home around $3.2 billion.
All-time since its launch in April 2022, Ontario’s total operator revenue has now exceeded $10 billion, at $10.2 billion. That has yielded rough total tax revenue of $2.04 billion for the province since regulated iGaming was introduced.
December a multi-record month
In terms of month-to-month data, Ontario iGaming market ended the year with new monthly records in both handle ($9.5 billion) and revenue ($425.4 million) in December. Those totals were up 21.5% and 57.3% year over year.
As of September 2025, Ontario’s monthly iGaming handle record was $8.5 billion; the year ended with that number eclipsing $9 billion three months in a row. Similarly, gross gaming revenue broke the $400 million barrier for the first time ever in November and then beat its own record again the following month.
Highest-ever average revenue per player account
As of the end of 2025, Ontario was home to 1.267 million active player accounts. That number was down from October and November but up 24.5% year over year.
Average revenue per active player account was $334, the highest it has ever been in the market’s near-four-year history. That average revenue was up 27% on 2024.
iCasino is Ontario’s biggest cash cow
It’s no secret that while Ontario is a sports fan’s province, it is an online casino-first market.
In December, almost $8.3 billion of the $9.5 billion in handle (87%) came from online casino gaming. That percentage split was never lower than 83% throughout 2025 and peaked at 89% in the summer slowdown of July and August.
The vast majority of Ontario’s licensed iGaming sites offer online casino, either with or without sports betting alongside it. December’s total gross gaming revenue from iCasino alone was $320.5 million, representing 75% of the total. All in all, operators took more than $3.1 billion in online casino-specific NAGGR last year.
Sportsbooks end strong
Sports betting, meanwhile, continues to hover around the $1 billion mark for handle per month, equating to 11% of the market’s total handle in December. While it’s a comparatively small slice of the pie, Ontarians still wagered more than $12 billion on sports last year. However, December’s online sports betting handle of $1.09 billion was down 4% from December 2024’s total.
Ontario’s online sportsbooks finished 2025 strong at the end of a year that often included year-over-year monthly declines. Operators took $102 million in online sports betting NAGGR in November and $99.1 million in December, the two highest totals of 2025.
Partly assisted by December’s sports results in the NFL and elsewhere, that marked a huge upturn in fortunes for Ontario’s sportsbooks. December 2025’s total sports betting revenue was 150% ahead of December 2024’s $39.6 million.
P2P poker, meanwhile, remains a tiny sliver of the market while it is still fenced in to Ontario play only. Handle for that vertical was just $141 million and revenue was $5.8 million in December, both of which were around 1.4% of the market totals.
More operators coming to market in 2026
At the time of publishing, Ontario is home to 48 licensed iGaming operators running a combined 82 gaming sites. That does not include Ontario Lottery and Gaming (OLG), the government-run operator that is not part of iGO’s reporting. As of Jan. 29, OLG still has not released its full annual report for 2024-25.
Last year saw a few changes in the operator makeup in Ontario. DraftKings‘ separate online casino brand, Golden Nugget Online Casino, was a major arrival, while the likes of Fitzdares, Betiton, MagicRed Casino and the Wildz group of brands all left the market during 2025.
But the market could soon hit 50 operators again. This month, sports streaming giant DAZN received its license to launch DAZN Bet in Ontario in 2026. New brand absolutebet has also secured a license but is yet to launch gaming in the market, while High Roller Technologies has an application pending with the Alcohol and Gaming Commission of Ontario (AGCO).
