Ontario iGaming Sector Hits Record CA$338 Million Revenue in May 2025

TL;DR

Ontario's iGaming market hit a record CA338.0 million in May 2025, offering operators and investors a lucrative opportunity in a rapidly growing sector.

In May 2025, Ontario's iGaming revenue reached CA338.0 million, driven by online casinos and sports betting, with a 40.3% increase from May 2024.

The regulated iGaming market in Ontario contributes significantly to the province's economy, creating jobs and generating revenue for public services.

Ontario's online gambling scene broke records in May 2025, with players wagering over CA8 billion, showcasing the sector's explosive growth.

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Ontario iGaming Sector Hits Record CA$338 Million Revenue in May 2025

Ontario's iGaming sector experienced a historic surge in May 2025, with gross gaming revenue reaching a record CA$338.0 million, marking a 2.9% increase from the previous high and a 40.3% rise compared to May of the previous year. This growth was accompanied by total player wagering surpassing CA$8 billion for the first time, indicating a robust 28.9% year-on-year increase.

Online casinos dominated the market, generating CA$259.8 million in revenue, which accounted for 77% of the total iGaming revenue. Sports betting also showed strong performance, contributing CA$71.8 million, while online poker saw an 18.9% increase in revenue. Despite a slight decrease in active player accounts, the average revenue per active player account rose by 10.0%, suggesting higher spending among engaged players.

With 50 licensed operators and 86 websites, Ontario's iGaming market is a competitive and thriving sector. This record-setting performance underscores the growing consumer demand for online gambling and the effectiveness of Ontario's regulated market in generating significant economic activity. The sustained growth trajectory indicates continued market maturation and consumer acceptance of regulated online gaming options.

The substantial revenue figures highlight the financial impact of Ontario's iGaming framework, which has successfully captured market share while providing consumer protections. The market's ability to achieve such milestones while maintaining regulatory compliance demonstrates the viability of properly structured online gambling ecosystems. These results provide valuable insights for other jurisdictions considering similar regulatory approaches to online gaming.

Curated from News Direct

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