Ontario Reports Second-Best Online Gambling Revenue Numbers Ever

First the positive tidings – April ranked as the second-highest month for non-adjusted gross gaming revenue (CA$313.3 million) in the 37-month history of Ontario's regulated iGaming market. January 2025 reached a peak of CA$328.4 million. 

According to the most recent market performance report by iGaming Ontario, total cash wagers in April reached CA$7.795 billion, reflecting a 2% decrease from the month before. The previously mentioned NAGGR represented a 6% rise from March. 

The NAGGR number indicates the overall cash bets, encompassing rake fees, tournament fees, and additional charges, from all licensed operators, excluding player winnings, and does not factor in operating expenses or other debts. 

Thus, that’s the revenue generated by licensed operators, subtracting the 20% provincial tax rate. 

In April, there were 1.091 million active player accounts, reflecting a 3% rise from March, while the average spend per player was $287. As of Thursday morning, Ontario has 49 licensed iGaming operators and 83 gaming sites. 

Casino Reigns Supreme 

The report indicated that Casino was the force propelling the market, as is typically the case. Casino cash bets totaled CA$6.58 billion, reflecting a 1% decline from March, capturing an 84% market share. Wagering, which encompasses sports, esports, prop, and novelty bets, reached CA$1.07 billion in cash bets, reflecting a 10% decline, representing a 14% market share. 

Peer-to-peer poker reached CA$144 million, marking a 2% drop, with a 2% share of the market. 

On the NAGGR side, the casino reached CA$242.8 million, reflecting a 1% rise from March, capturing a 78% market share. Wagering reached CA$64.5 million, representing a robust 34% rise from a disappointing March, yet still a 1% decline compared to last year (21% market share). P2P poker generated CA$5.9 million in revenue, reflecting an 11% decline from the previous month and holding a 2% market share. 

According to early 2025 reports, sports betting has experienced two straight months of year-over-year decreases. March's financial performance was poorer than April's, generating CA$48 million in revenue (March 2024 betting revenue was CA$51 million, whereas April 2024's was CA$65 million). 

There is a typical decrease in sports wagering during the summer, until the buildup to the NFL season.