Ontario’s regulated online casino market has flourished since its launch in April 2022. In year three, total wagers have skyrocketed to approximately CAD 82.7 billion, reflecting an impressive 31% year-over-year growth.
Ontario’s regulated online casino market has flourished since its launch in April 2022. In year three, total wagers have skyrocketed to approximately CAD 82.7 billion, reflecting an impressive 31% year-over-year growth. This explosive performance underscores the strength of the legal iGaming framework in Ontario. Continue reading this detailed guide below to examine what has fueled this surge, how different verticals contributed, and what it means for the future of online casinos in the province.
In the first fiscal year from April 2022 to March 2023, Ontarians placed nearly CAD 35.5 billion in wagers across licensed operators. In year two, from April 2023 to March 2024, the wagering was almost doubled to CAD 63 billion, marking a 78% increase. Now we fast forward to year three and can see that the wagering has crossed CAD 82.7 billion, rising an additional 31%. This is a testament to the market’s maturity and expanding player base.
Several factors fuel the growth of Ontario's online iGaming sector. Read below to learn more about them:
Ontario’s iGaming ecosystem has grown from 12 operators at launch to over 49 operators and 77 sites by Q3 FY 2023 and 2024. A growing operator roster means more marketing, more game variety, and more incentive for players to wager.
Casino wagers remain the backbone. In Q3 FY 2023 and 2024, casino games like slots, table games, bingo, and many others made up approximately 79% of total wagers. This equated to $13.7 billion and generated $471 million in revenue. These unique casino offerings remain the primary growth engine for online casino sites in Ontario.
While casino games dominate, the sports segment is expanding, driven by regulatory changes permitting single-event wagering. In Q3, sports, esports, and novelty bets accounted for 18% of wagers and 25% of revenue. The diversification of product offerings contributes to market resilience.
Active account numbers have increased from about 943,000 in Q2 FY2023 and 2024 to 1.2 million in Q3, with average per-player betting around CAD 186–263 monthly. Both coefficient growth and per-user activity are contributing to overall market growth.
The growth of casinos in Ontario's gaming revenue is hitting targets in year three. Take a look at the following highlights for year three below:
Ontario players overwhelmingly use mobile platforms. With about 50% of smartphone traffic, operators have focused heavily on mobile optimization. Even with stalled 5G and intermittent connections, the online casino game outcome is secured server-side once bets are placed, offering a seamless experience. Mobile-optimized sites and apps are fueling wagering growth and mean that players can enjoy the following on the go:
iGaming Ontario, under the Alcohol and Gaming Commission of Ontario (AGCO), tightly regulates licensed platforms and promotes responsible gambling. They make sure that all leading operators offer the following tools:
This regulatory clarity has channeled players away from risky grey-market offerings. Early reporting shows 86% of Ontarians played on regulated platforms by March 2023. That trust further adds credibility to the brand value of the online casino in Ontario.
Below, we have listed the key growth drivers that have helped Ontario reach its achievements in year three.
As Ontario moves into its fourth year, there are emerging concerns that have arisen. This includes:
Ontario is poised for sustained growth in its online casino market and has a promising future ahead, thanks to the following advancements:
Ontario’s online casino market has firmly matured in its third year, surpassing CAD 82.7 billion in wagers, which is a 31% increase over the previous year. This explosive growth reflects a combination of expanded operator presence, casino game dominance, mobile accessibility, and excellent regulatory support. While signs of maturity and market saturation are emerging, Ontario remains a leading force in North American iGaming.
As the province enters year four, success will depend on innovation, responsible gaming enhancements, and maintaining trust. For players, this means safer access to online casino games, richer choices, and better customer support. Overall, Ontario offers one of the most dynamic, regulated, and player-centric iGaming environments in North America.
