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In Ontario, the managed and licensed iGaming industry reached previously unprecedented amounts of revenue, profits, and customer involvement among licensed operators in 2025.
Financial Insights
The total amount wagered by players on online poker, sportsbooks, and online casinos was close to CAD 100 billion, a 26% increase from 2024. Due to a high level of participation and efficient provider management, and rising consumer rates, operators’ overall revenue increased by 34% to over $4.0 billion.
The significance of the market is huge; Providers almost $3.2 billion after paying the jurisdiction’s 20% tax, and Ontario collected about $807 million. The jurisdiction has received almost $2.04 billion in taxes since it opened in April of 2022, with total operator income ballparked at $10 billion.
At net wagering of CAD 9.5 billion and income of $425.4 million – increases of 21.5 percent and 57.3 percent, respectively, over the previous year – December 2025 was the highest month for the record.
Wagering exceeded 9 billion in total within the last months of 2025, showing steady annual involvement and significant profits. With a consistent increase across operators, revenue initially surpassed CAD 400 million in November and continued to increase in December. The typical income from a single customer reached CAD 334, indicating greater participation, and meanwhile, active consumers rose to 1.267 million, approximately 24.5% increase from the previous timelines.
Market Overview
The market was still being dominated by online gambling, which accounted for 87% of wagers in December. Of the CAD 9.5 billion total, online casinos alone produced CAD 8.3 billion, continuously retaining more than 83 percent of the turnover. In December, online casino revenue was CAD 320.5 million, accounting for over 75% of the overall annual industry income, whilst operators earned more than CAD 3.1 billion in casino-only revenue this year.
To grow income from its main sectors as well as hold on to consumers, operators improved platforms and experiences. This will contribute to the significance of online casinos to total market success.
Industry Challenges
82 gaming establishments were run by 48 licensed businesses in Ontario, competing with the government-controlled Ontario Lotto and Gaming Corporation. The operator rivalry shifted in 2025.
In particular, this is mainly due to the debut of DraftKings, Golden Nugget Online Casino, and the exit of multiple smaller businesses.
New Arrivals
Current proposals from DAZN Bet, Absolute Bet, and High Roller Technologies represent some of the anticipated new players in 2026. Thus, indicating ongoing industry growth and rivalry.
Operators show that steady income and growth are still possible in a strict marketplace by maintaining player engagement. Additionally, improving platforms and adopting strict financial control.
Source: Canadian Gaming Business
