Ontario Market Tops $8 Billion in Total Wagers in May

Ontario Market Tops $8 Billion in Total Wagers in May

Ontario's regulated igaming sector achieved a milestone in May, exceeding CAD $8 billion in total cash wagers.

 

Revenue at Record Levels

As per the newly released performance data from iGaming Ontario, the province experienced total cash wagers of CAD $8.066 billion, reflecting a 3% rise from the previous month.

Casino.org reported last month that April was the second most profitable month for non-adjusted gross gaming revenue (NAGGR) in the over three-year history of the regulated market, totaling CAD $313.3 million (with January 2025’s CAD $328.4 million being the highest).

 

Casino Takes the Lead

May also excelled in that area, achieving revenue of CAD $338 million, reflecting a strong 8% rise compared to the previous month.

The number of active player accounts decreased by 2% to 1.068 million. Average expenditure rose, with a 10% increase to CAD $316.

Casino dominates the scene – holding 86% of the market in cash bets, currently at CAD $6.9 billion (a 6% increase month over month), alongside CAD $259.8 million in NAGGR (with a 77% market share, marking a 7% month over month rise).  

10% Rise in Expenditure

In May, sports betting recorded CAD $972 million in cash bets, a 9% decrease from April, holding a 12% market share. Regarding NAGGR, the figure stood at CAD $71.8 million, reflecting an 11% increase from the previous month and capturing a 21% market share.

For P2P poker, cash bets totaled CAD $144 million, showing no month over month growth and a 2% market share. NAGGR stood at CAD $6.3 million, reflecting a 6% increase from the previous month, along with a 2% share of the market.    

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 iGaming Ontario outcomes exclude the financial results of the government-run Ontario Lottery and Gaming Corporation, which has a fiscal year from April 1, 2024, to March 31, 2025.