Ontario iGaming posts record $72 billion in wagers in 2025

Summary

Ontario’s regulated iGaming market set new records in 2025. Licensed operators handled approximately CAD 98.3 billion in cash wagers (about USD 73.3 billion) and reported just over CAD 4 billion in non-adjusted gross gaming revenue (NAGGR), a 34% increase year on year. iGaming Ontario (iGO) reports these figures before the province’s 20% tax, implying roughly CAD 807 million in iGaming tax receipts for 2025 and around CAD 3.2 billion retained by operators after tax.

Since the market opened in April 2022 total operator revenue has reached about CAD 10.2 billion, equating to an estimated CAD 2.04 billion in cumulative tax revenue to date. The market finished 2025 with a peak month in December: CAD 9.5 billion handle and CAD 425.4 million revenue. Active accounts rose to 1.267 million (up 24.5% YoY) and average revenue per account hit a record CAD 334.

Key Points

Total cash wagers in 2025: ~CAD 98.3 billion (up 26% YoY).
NAGGR for 2025: ~CAD 4.0 billion (up 34% YoY); provincial tax (20%) implies ~CAD 807 million in tax revenue.
Since April 2022 operators have earned ~CAD 10.2 billion in cumulative revenue (approx. CAD 2.04 billion taxed).
December 2025: strongest month — CAD 9.5 billion handle and CAD 425.4 million revenue; monthly handle topped CAD 9 billion in the final quarter.
Active accounts: 1.267 million (24.5% increase); average revenue per account: CAD 334 (27% increase).
Online casino dominated the market: iCasino made up ~87% of December’s handle and supplied about 75% of December’s revenue.
Sportsbooks accounted for roughly 11% of December handle (CAD 1.09 billion) and saw late-year revenue spikes aided by major sporting events.
P2P poker remained small (December handle CAD 141 million; revenue CAD 5.8 million).
Operator roster changed in 2025 with entrants like DraftKings-owned Golden Nugget Online Casino and exits from several brands; DAZN Bet and other licences may expand the operator count in 2026.

Context and relevance

This report matters for anyone tracking regulated iGaming: it confirms rapid market maturation in Ontario, driven by online casino verticals and growing sports-betting revenues late in the year. The scale of wagers, rising per-account revenue and steady user growth show consumers migrating to regulated platforms — which has tax, regulatory and operator-strategy implications across Canada and comparable markets. Operator churn and new licences point to an evolving competitive landscape, while the sizeable tax take highlights public-revenue stakes tied to market expansion.

Author style

Punchy: big numbers, fast growth — the headline’s not an exaggeration. If you follow regulated iGaming markets or policy impacts, this is worth the read.

Why should I read this?

Quick heads-up: Ontario’s market is booming and the numbers tell you why operators, regulators and investors are paying attention. You’ve got massive handle growth, record per-account revenue and a meaningful tax haul — so if you care about market trends, tax implications or who’s winning and losing in the operator shuffle, this saves you the time of digging through the full report.