Ontario iGaming Market Experiences Temporary Revenue Dip in June 2025 Amid Overall Growth
June 2025 Sees a Decline in Ontario’s iGaming Revenue
Recent figures from iGaming Ontario (iGO) reveal a 10% decrease in total cash wagers for June 2025, dropping from $8.066 billion to $7.259 billion. Alongside this, the Total Non-Adjusted Gross Gaming Revenue (NAGGR) fell by 9% to $306.8 million. The average wager amount per active account also declined by 4%, moving from $316 to $303, while the number of active accounts shrank by 5% from 1,068 to 1,013.
With all key indicators pointing downward, it’s natural to ask whether this drop signals a seasonal slowdown or a longer-term trend in Ontario’s iGaming market.
Summer Slowdown or Early Warning Sign?
The dip in June appears to be a seasonal slowdown rather than a worrying trend. Following this slump, data released for July 2025 showed a rebound. Total cash wagers rose by 4% to $7.563 billion, though still below the pre-dip May figure of $8.066 billion. The NAGGR improved slightly by 1% to $311 million, remaining under May’s $338 million.
While active player accounts continued to decline, dropping another 6% to 948 from June’s 1,013, the average wager per active account increased by 8% to $328, surpassing May’s previous peak.
Overall, nearly all metrics began recovery in July except for the count of active users. However, the increase in betting amounts per player suggests steady engagement with Ontario’s leading online casinos, which continue to hold strong despite economic fluctuations. Industry outlooks forecast further growth, aiming for 90% of the province’s players to utilize regulated online platforms by 2027.
Highlights from the Past Year in Ontario’s iGaming Market
Ontario’s iGaming sector has experienced robust expansion over the last twelve months. The fiscal year 2024-25 posted CA$3.20 billion in gross gaming revenue, a 32% increase compared to the prior year. Each successive quarter showed growth, including Q4 2024 (January to March 2025) which set a new record with $903 million in revenue on $22.9 billion in wagers. Overall wagering for the year reached $82.7 billion, 31% higher than the previous year.
Starting early in 2025, Ontario began consistently surpassing $300 million in monthly NAGGR, with April, May, and June marking the first three consecutive months over this benchmark. May 2025 set a record at approximately $338 million.
Factors Behind the June 2025 Decline
The June slowdown is likely a brief market blip rather than a sustained downturn. Traditional summer behaviors contribute to this, as many Ontarians take vacations or spend time outdoors during early summer months, leading to fewer active gamblers. Supporting this, the number of active accounts dipped by 5% in June, suggesting that many players were temporarily less engaged.
Interestingly, July’s rebound may also relate to seasonality. The school year officially ends on June 30 in Ontario, freeing many parents who then might increase their online gaming activity despite the challenges of managing summer childcare.
Rapid Growth of Ontario’s iGaming Market in 2025
Despite intermittent slowdowns, Ontario’s iGaming market continues to expand swiftly. The three-year trend shows strong acceleration: the first regulated year (April 2022–March 2023) generated about $1.4 billion, the second year exceeded $2.4 billion, and the third year hit $3.2 billion in revenue.
Monthly figures for 2025 display consistent growth compared to the previous year. For example, June 2025’s NAGGR was nearly 28% higher than June 2024’s, underscoring continued market momentum.
If this trajectory holds, Ontario is poised to become the largest and most well-regulated iGaming market in North America.
Key Emerging Trends in Ontario’s iGaming Market
Several exciting developments characterize the market in 2025, including:
- Dominance of online casino offerings
- Expansion of live, interactive gaming experiences
- Increasing average spend per player
- Overall market maturation and sustained growth
The brief dip in June should not cause alarm, as recovery has been swift. With ongoing positive trends, Ontario’s iGaming sector is set for one of its most prosperous years ahead by the end of the 2026 fiscal year.
