Regulator iGaming Ontario has published its latest revenue figures for 2025, breaking down its figures for both online casino and sports betting.
The province enjoyed record wagers, revenue, and revenue per player in December, despite active player accounts being slightly lower than in November and October.
Strong performance was driven primarily by online casinos, with sports betting trending lower than the previous month but enjoying a very strong year.
December's record-breaking performance means the Heartland Province saw revenue increase by nearly 50% in 2025. Its $4.04bn annual revenue in 2025 means that Ontario has now topped a total of $10bn in revenue since being regulated in 2022.
A record-breaking December
December saw the Ontario iGaming market generate $425m in adjusted revenue, up 57% from December 2024's $270m. Total wagers were also up 21.5% to $9.5bn.
Both of these figures were new monthly records for the province, which has seen growth virtually every month since the introduction of regulated iGaming.
Average revenue per account also set a new record at $334, but the active player count of 1.28 million was down slightly from November's 1.3 million figure.
December's figures mean Ontario enjoyed a record year, posting total revenue of $4.04bn, up 34% from 2024's $3bn. Total wagers were up 26.8% to $98.4bn.
Casino gambling led the way in 2025, accounting for roughly three-quarters of the iGaming market revenue share.
In 2025, online casinos took $84.5bn in wagers, generating $3.2bn in adjusted revenue. These figures were 29.8% and 40% higher than in 2024, respectively, showing significant growth.
While sports betting didn't quite match online casino gaming, it still enjoyed positive growth. Compared to 2024's $10.9bn in wagers and $687.1m in revenue, online sportsbooks made $12.2bn (+12.3%) and $814.9m (+18.6%), respectively, in 2025.
Peer-to-peer poker only accounts for around 1% of the total iGaming market, and it had a mixed year. Total wagers were down slightly, dropping 0.3% at $1.7bn, but total revenue rose 3.69% from $67.7m to $70.2m.
Ontario paving the way
Since April 2022, when online gambling was first permitted in the province, Ontarians have wagered $257bn, leading to $10.2bn in gross gaming revenue.
On the day of the market launch, 13 operators went live offering sports betting, casino, and poker products to players. Last month, DAZN Bet announced it was one step closer to an Ontario launch and becoming the 50th licensed operator within the province.
There is still room for growth, too. Despite having a larger population than Pennsylvania, New Jersey and Michigan, the three US states all have notably larger iGaming industries.
Following Ontario's early success and continued growth, other provinces have threatened to follow suit. Alberta has recently said it intends to replicate Ontario's iGaming blueprint, and many commentators expect the move to come to fruition this year.
Under the iGaming Alberta Act, licensed operators would compete with the existing government-run platform. The Act would require operators to provide safer gambling tools, and it sets 18 as the minimum age for gambling.
