Curated News
By: NewsRamp Editorial Staff
July 01, 2025
Ontario's iGaming Market Hits Record CA$338M in May 2025
TLDR
- Ontario's iGaming market hit a record CA338.0 million in May 2025, offering operators and investors a lucrative opportunity in a rapidly growing sector.
- In May 2025, Ontario's iGaming revenue reached CA338.0 million, driven by online casinos and sports betting, with a 40.3% increase from May 2024.
- The regulated iGaming market in Ontario contributes significantly to the province's economy, creating jobs and generating revenue for public services.
- Ontario's online gambling scene broke records in May 2025, with players wagering over CA8 billion, showcasing the sector's explosive growth.
Impact - Why it Matters
The record-breaking performance of Ontario's iGaming market underscores the sector's growing contribution to the province's economy and the effectiveness of its regulated environment. This growth not only highlights the increasing consumer appetite for online gambling but also positions the iGaming sector as a key player in Ontario's economic landscape, offering insights into consumer behavior and spending trends in the digital age.
Summary
Ontario's iGaming market has hit unprecedented heights in May 2025, with gross gaming revenue (GGR) reaching a record CA$338.0 million, showcasing a significant 40.3% increase from the previous year. This surge was fueled by the dominance of some of the best online casinos in Canada, which accounted for 77% of the total iGaming revenue. Sports betting and online poker also saw substantial growth, contributing to the total player wagering breaking the CA$8 billion mark for the first time. Despite a slight decrease in active player accounts, the average revenue per active player rose by 10%, indicating higher spending among engaged players. With 50 licensed operators, Ontario's regulated iGaming market is a robust and competitive sector, significantly outpacing other Canadian provinces in revenue generation.
Source Statement
This curated news summary relied on content disributed by News Direct. Read the original source here, Ontario's iGaming Market Hits Record CA$338M in May 2025
