In February, the Ontario iGaming market had 84 licensed gaming websites and 50 operators witnessing total wagers of CA$7.12, a significant decline from January’s $7.83 million. It also recorded a total non-adjusted gross gaming revenue of CA$280 million, showing a decrease of 15% from January’s CA$327.9 million. As for active player accounts, the percentage rose by 2% reaching 1.12 million player accounts in February showing that casinos dominate the Ontario gaming market. This decrease also followed a record-breaking number in January with total wagers of CA$1.182 billion for sports betting and CA$91.9 million in gross gaming revenue, signaling a whopping 134% increase month-over-month.
Sports Betting Sees Sharp Decline
iGaming Ontario is planning to release its financial reports every month instead of every quarter. The sports betting market in Ontario generated about CA$930 million in total wagers in February, which shows a 21% decline from January, constituting 13% of the market share. It also reported CA$61.5 million in gross gaming revenue, which is also a 33% drop month-over-month, constituting 22% of the market share. These decreases in revenue indicate a slowdown of the sports betting sector in Ontario after a strong start in 2025.
Casino Remains the Market Leader
Casino gaming continues to dominate the Ontario iGaming Market with CA$6.0 million, showing a 7% decrease month-over-month and 85% market share. It also projected CA$214 million in gross revenue from casino gaming and and 76% market share, another 7% decline from January’s CA$230 million.
Coming to peer-to-peer poker, the total cash wagers stood at around CA$130 million, accounting for about 2% of the total market share, and projecting an 11% decrease month-over-month. In terms of gross gaming revenue, poker generated CA$4.8 million, reflecting a 15% decrease month-over-month and a 2% market share.
Market Trends & Future Outlook
The average revenue earned from every active player account in Ontario decreased by almost 16% from January and stood at around CA$248 in February. After exceptional growth in January, the iGaming marketing in Ontario is currently adjusting while the casino gaming sector is trying to maintain a steady presence.
The sports betting industry in particular has experienced a steep decline. However, the trends might shift due to the upcoming major sports betting events. With player engagement trends and regulatory updates shaping the iGaming industry in Ontario, the future of online gambling and online sportsbooks in Canada poses to remain dynamic for the years to come.
