Ontario’s iGaming Sector Hits New Record for Betting Volume
Ontario’s iGaming Sector Hits a New Milestone
iGaming Ontario has released its latest monthly market report, revealing strong growth in the province’s online gambling industry. In September, Ontario reached a new all-time high in total betting handle for the second month in a row, showcasing the sector’s increasing popularity and activity.
Record-Breaking Betting Handle and Player Growth
During the third quarter, online gamblers in Ontario wagered a combined total of CAD 8.5 billion (approximately $6 billion), which is a 5% increase from August’s CAD 8.14 billion. Despite the growth in betting volume, the total gross gaming revenue before adjustments (NAGGR) saw a slight 2% decline, falling to CAD 329.4 million ($235.4 million).
The number of active player accounts also hit a new quarterly peak, nearing 1.2 million accounts—a 15% increase compared to the previous month. However, average revenue per active player dropped by 15% month-over-month, settling at CAD 282 ($201.5), indicating changes in player spending behavior.
Online Casinos Lead the Market
Breaking down the industry’s performance by category, online casinos remain the dominant segment, accounting for 86% of the total betting handle. These platforms recorded CAD 7.3 billion ($5.2 billion) in wagers, reflecting a modest 2% increase from the prior month.
Sports betting experienced rapid expansion, with a 39% surge in handle during September. Sportsbooks collected CAD 1 billion ($715 million) in bets, representing 12% of the total betting volume.
Peer-to-peer poker activity declined slightly, with players placing CAD 144 million ($103 million) in bets—a 4% drop month-to-month—holding a 2% share of the betting handle.
Revenue Trends Show Mixed Results Across Sectors
Revenue figures tell a mixed story. The online casino segment reported a robust 84% share of gross gaming revenue, totaling CAD 277.8 million ($198.6 million), which is a 4% increase compared to the previous month.
Meanwhile, online sportsbooks saw their revenue drop significantly by 23% to CAD 46.5 million ($33.2 million), indicating more favorable outcomes for bettors. This vertical made up 14% of total revenue.
Peer-to-peer poker revenue fell sharply by 25%, amounting to CAD 5.1 million ($3.7 million), and accounted for 2% of the overall market revenue.
