Ontario Market Tops $8 Billion in Total Wagers in May

The licensed igaming sector in Ontario broke the CAD $8 billion mark in May, setting a new record for total cash wagers.

Record-High Revenue

According to recently revealed iGaming Ontario market performance data, total cash wagers in the province totaled CAD $8.066 billion, a 3% month-over-month rise.

With CAD $313.3 million (CAD $328.4 million in January 2025 being the most), April was the second most profitable month in terms of non-adjusted gross gaming revenue (NAGGR) in the regulated market's more than three-year existence, according to a report published last month by Casino.org.

The Casino Takes the Lead

May exceeded that as well, generating CAD $338 million in revenue, a strong 8% month-over-month rise.

The number of active player accounts fell by 2% to 1.068 million.  However, the average expenditure increased by 10% to CAD $316.

With an 86% market share in cash wagers and CAD $6.9 billion (a 6% month-over-month rise) and CAD $259.8 million in NAGGR (77% market share, a 7% month-over-month increase), the casino is in the thick of things.

10% Spending Increase With a 12% market share, sports betting witnessed CAD $972 million in cash bets in May, a 9% decrease from April.  On the NAGGR front, the figure was CAD $71.8 million, representing a 21% market share and an 11% month-over-month rise.

With a 2% market share and a cash wagering total of CAD $144 million, P2P poker saw no monthly growth. With a 2% market share and a 6% month-over-month gain, NAGGR was valued at CAD $6.3 million.

50 Licensed Operators

"I think back to April 2022, when we launched the igaming market,” said Dave Forestell, Board Chair, Alcohol and Gaming Commission of Ontario, at last week’s Canadian Gaming Summit. “And at the time, we said our goal was to be the best place to game in the world. And it was sort of an ambitious target, and ambitious thing for kind of Canadians to say about themselves, but I think that really set out the north star for where we wanted to head … best in terms of player experience, best in terms of ease of doing business, but also best in terms of player protection, in terms of anti-money laundering.

“From that perspective, I think the market launch was very successful. And you know, I think that when you set the goal of being best at anything, you could never go to sleep. You have to always stay at it. From my perspective, it’s been quite successful.”

The financial performance of the government-run Ontario Lottery and Gaming Corporation, which has a fiscal year that spans from April 1, 2024, to March 31, 2025, is not included in the iGaming Ontario results.