Atlantic provinces exploring commercial iGaming expansion as Atlantic Lottery reports 35% market share
Key Takeaways
- The New Brunswick government is considering whether to follow Ontario and Alberta by launching commercial regulated online gambling.
- Government officials and the Atlantic Lottery Corporation say they need to fight a prominent unregulated market, which represents 65% of total iGaming activity in the region and pulls in $250m in revenue each year.
- The Atlantic Lottery’s CEO previously said ALC is open to the idea of competing with commercial sportsbooks and casinos in a regulated market.
Alberta followed Ontario by launching regulated commercial iGaming this summer, and Quebec leaders voiced support for making a similar move. Momentum also appears to be growing in Atlantic Canada.
New Brunswick Finance and Treasury Board Minister René Legacy told Canadian Gaming Business this week that the provincial government “is exploring options around regulating private online operators” in a bid to gain more control over gambling and to curb an expanding unregulated market.
“Online gaming is continuously evolving and the number of options – regulated and unregulated – continues to grow,” said Legacy. “Government has a responsibility to ensure New Brunswick’s legal and regulatory framework keeps pace with an evolving gaming environment.
“Approaches in other provinces and jurisdictions are being monitored as government considers how best to maintain a safe, responsible, and appropriately regulated gaming environment for New Brunswickers. The review is ongoing.”
As New Brunswick reviews iGaming, other Atlantic provinces monitor
New Brunswick may not be alone. Canadian Gaming Association (CGA) President and CEO Paul Burns said on an SBC Summit panel last month that “there are conversations going on in Atlantic Canada” about revamping the region’s gambling model.
Canadian Gaming Business also reached out to the provincial governments of Nova Scotia and Newfoundland & Labrador for this story.
A spokesperson for the Nova Scotia Finance and Treasury Board said that the department is “always watching what other jurisdictions are doing with respect to online gaming” but said that the provincial government has no immediate changes planned
A spokesperson for the Newfoundland and Labrador Department of Finance similarly said that it is monitoring developments.
“We are aware of the regulation of online gambling in both Ontario and, more recently, Alberta,” said the NL spokesperson. “At this time, we have no immediate plans to pursue an open, regulated market, but continue to monitor all aspects of the lottery and online gambling market.”
Atlantic Lottery says it holds 35% of its own iGaming market
The four Atlantic provinces authorize online sports betting and online casino gambling only via Atlantic Lottery Corporation (ALC), the government gaming corporation that they jointly own and share as their iGaming platform.
In its 2025-26 annual report published this week, the Atlantic Lottery stated that its overall iGaming market share across its four provinces was 35% in 2025-26. That aligns with October 2026 data provided to Canadian Gaming Business by market research firm H2 Gambling Capital, which estimated ALC captures 35.7% of gross gaming revenue in the region.
That estimated share is up from 34% in 2024-25 and 22% in 2023-24. But ALC President and CEO Dallas McCready acknowledged in an interview with Canadian Gaming Business last year that it is “a fairly small percentage” given that it is the only government-approved operator in the region.
In contrast, Ontario claims that its commercial regulated market now captures more than 90% of all iGaming activity across more than 80 licensed sites. Alberta is targeting at least a 70% rate by the end of the first year of its own market, which launched in July 2026 and currently hosts around 50 approved platforms.
Unregulated operators ‘fundamentally changed’ Atlantic gaming
The Atlantic Lottery said in this week’s annual report that the fact that around 65% of play is done on unregulated and untaxed sites means its provinces lose out on around $250m in aggregated revenue each year.
McCready sounded the alarm in the ALC’s new annual report.
“Atlantic Lottery is facing a level of disruption that is unprecedented in our 50-year history and the effect on our financial performance last year was clear. The growth of illegal online gambling has fundamentally changed the competitive landscape.”
Atlantic Lottery Corporation President and CEO Dallas McCready
The Atlantic provinces are also feeling the effects of Ontario’s multi-billion-dollar commercial iGaming market, which opened in 2022.
“The changes in Ontario have attracted a lot of attention, and we know they have led to Atlantic Canadians seeing a high volume of advertising from gambling operators that cannot legally operate in our region,” an ALC spokesperson told Canadian Gaming Business this week.
“We also know these sites from Ontario and beyond are attracting more than $250m in revenue from Atlantic Canada each year, without returning funds or being subject to regulation by our Atlantic provincial governments.”
Atlantic Lottery CEO open to regulated competition
That is leading provincial governments in Atlantic Canada to reassess the state of play.
McCready told Canadian Gaming Business last year that the multi-provincial ALC is open to the idea of competing with commercial operators in an open market such as the ones Ontario and Alberta opened in 2022 and 2026, respectively, if it means better capturing revenues and protecting players.
“I think the government recognizes that some people are making the decision to play on illegal sites,” McCready said in 2025. “There are conversations recognizing that activity, and at some point we’re hoping they’ll allow us to compete. But it’s a decision of the policymakers and what they think is best for their people.”

The Atlantic Lottery is a member of the Canadian Alliance for Regulated Gaming, formerly known as the Canadian Lottery Coalition. Its Executive Director, Molly Cormier, told Canadian Gaming Business this week that it urges provincial governments to look carefully at all available evidence when deciding on iGaming market changes, “including the outcomes of gambling-related policy decisions in other jurisdictions across Canada.”
“The issues CARG advocates for transcend any particular market model,” said Cormier.
She stressed that while CARG does not advocate for one type of iGaming market versus another, governments must pursue enforcement against illegal activity, including operators that market in provinces where they are not authorized to operate, as well as offshore operators.
Ultimately, the Atlantic Lottery says that any decision about changing the online gaming landscape in Atlantic Canada would be the decision of its provincial shareholder governments. At least some of those governments are now rethinking their approach.
ALC reports decline in net profits
In the meantime, the Atlantic Lottery continues as the only government-authorized iGaming site in Atlantic Canada.
This week, it reported it made a total of $492m in net profits in 2025-26, which was down marginally from $499m in 2024-25 and $10.3m less than was budgeted. Total net profit in New Brunswick experienced the biggest decline, down 3.7%.

Things looked better on the iGaming front. ALC said it had more than 408,000 verified unique online player accounts in 2025-26, up from 372,000 last year. Net revenue from ALC’s online casino, sports, and bingo operations rose almost $28m to $144.8m, and net profits in that sector increased 15% year over year.
However, online sports wagering handle fell 5.6%, the first such decline in 22 years. The Atlantic Lottery blamed “an abundance of advertising from operators that cannot legally offer betting in the region,” as well as the use of virtual private networks (VPNs) to access sites available outside Atlantic Canada.
“These factors have been amplified since Ontario opened its market to private operators in 2022,” said ALC.
Both New Brunswick minister Legacy and the Atlantic Lottery spokesperson emphasized to Canadian Gaming Business that ALC is focused on improving its own product to be as competitive as possible with unregulated sites. Recent actions include a new partnership with Kambi to replace its sports betting technology, and expanding its online casino slate with more than 140 new slot games in 2025-26 and the launch of live casino in Nova Scotia and Newfoundland & Labrador in December 2025.
However, improving ALC’s own product may not be enough. Atlantic Canada governments are now exploring whether shifting to a licensed and regulated commercial iGaming model might be a better bet.










