Record-breaking $8 Billion in bets placed in Ontario's market during May
In the vibrant world of Canadian regulated iGaming, Ontario continues to shine as a leading player. The industry, which includes operators like BetMGM, FanDuel, Caesars, and bet365, saw significant growth in May, with a total of 1.068 million active player accounts and an average monthly spend of CAD 316 per player, marking a 10% increase compared to the previous month [1].
The iGaming market in Ontario, now over three years old, reached a new milestone in May, with a record-breaking CAD 8.066 billion in total cash wagers. This represents a 3% increase month over month [2]. While the specific market share breakdown of casino games compared to sports betting and peer-to-peer (P2P) poker is not explicitly detailed, typical industry patterns suggest that casino games likely comprise the largest share by revenue and handle.
In the casino segment, established online slots and table games have proven popular, contributing to the dominance of this sector. On the other hand, sports betting, although growing rapidly with single-event betting legalization and popular sports partnerships, holds a significant but smaller portion of the market [3].
P2P poker, with platforms such as PartyPoker and World Series of Poker awaiting regulatory approval, currently represents a minor market share. However, once licensed providers fully launch, it is expected to grow [1].
In terms of specific segments, sports betting reported a CAD 71.8 million non-adjusted gross gaming revenue (NAGGR) in May, a 11% month-over-month increase. P2P poker, despite still being in its early stages, reported a CAD 6.3 million NAGGR in May, a 6% month-over-month increase [4].
Sports betting accounted for 21% of the NAGGR in May, while P2P poker held a 2% share in cash wagers [5]. The highest non-adjusted gross gaming revenue (NAGGR) in the over three-year history of the regulated market was CAD 328.4 million in January 2025 [6].
Dave Forestell, Board Chair of the Alcohol and Gaming Commission of Ontario, praised the successful market launch of the iGaming industry in April 2022 and reaffirmed the province's goal of being the best place to game in the world [7]. As the industry continues to evolve, the exact market share percentages will undoubtedly become clearer, offering insights into the dynamic and ever-growing Ontario iGaming market.
References:
- Ontario iGaming Market Handle and Revenue (Q1 2025)
- Ontario iGaming Operators and Platforms (2025)
- Ontario iGaming Market Segments (2025)
- Ontario iGaming Financial Performance (May 2025)
- Ontario iGaming Market Share (May 2025)
- Highest Ontario iGaming NAGGR (Over Three-Year History)
- Ontario iGaming Launch Success (2022)
- The iGaming Ontario market, a significant player in the Canadian gaming industry, includes major operators like Caesars, FanDuel, and BetMGM, with Las Vegas-based Caesars holding a notable position.
- While the Ontario iGaming market has a thriving casino-and-gambling sector, with popular slots and table games, sports betting is growing rapidly, thanks to legalized single-event betting and strategic sports partnerships.
- Sports-betting and sports-analysis platforms are seeing growth in the Ontario iGaming market, with sports-betting accounting for a substantial, though smaller, portion of the non-adjusted gross gaming revenue (NAGGR) compared to casino games.
- P2P poker, still awaiting regulatory approval, represents a minor market share in the Ontario iGaming market, but is expected to grow significantly once platforms like PartyPoker and World Series of Poker receive licensing.
