Ontario iGaming revenue reaches new monthly high in November

Ontario’s licensed online gambling operators generated a record CAD 406.2 million ($295 million) in revenue in November, a 10% increase from October’s previous high, according to iGaming Ontario (iGO).

Total wagers placed by players reached CAD 9.33 billion ($6.8 billion), surpassing the previous monthly record of CAD 9.25 billion and up 25% from November 2024.

The number of active player accounts also reached a new high, approaching 1.3 million—1% higher than October and 286,000 more than November 2024. Average revenue per active account stood at CAD 313 in November, up 9% year over year, though below the all-time peak of CAD 332.

Ontario’s online sportsbooks have faced a challenging year, with revenue falling below 2024 levels in five of the past 10 months. November, however, marked a turnaround. Sports betting NAGGR surged to CAD 102 million ($74 million)—the highest since Ontario opened its market to commercial brands in April 2022.

The nine-figure total represented an 11% increase over the previous monthly record of CAD 92 million set in January 2025, a 75% rise from October, and a 29% year-over-year gain. Sports betting handle also hit a record CAD 1.25 billion ($907.6 million), slightly exceeding November 2024’s figure.

Online casinos remain the primary revenue driver in Ontario’s iGaming market, posting a record handle of CAD 7.95 billion ($5.8 billion) and revenue of CAD 298 million ($216.4 million). While online casino activity accounted for 85% of total wagers, its revenue share fell to 73% in November as sports betting contributed 25% of monthly revenue—its highest share since January.

Ontario’s online P2P poker segment remains small, generating CAD 129 million in wagers and CAD 6.3 million in NAGGR.

Since the regulated iGaming market launched over three and a half years ago, Ontario gamblers have wagered more than CAD 247 billion ($179.3 million) across licensed online casinos and sportsbooks. November’s record revenue pushed total combined operator revenue to CAD 9.78 billion ($7.1 billion).

With a 20% provincial tax on all iGaming activity, the government has collected nearly CAD 2 billion since commercial operators began competing with the Ontario Lottery and Gaming (OLG). iGO’s figures exclude OLG’s online gambling platforms.

The current regulated market includes 48 commercial operators running 82 websites. November’s milestones were achieved despite recent exits from the market, including Wildz Group closing its four Ontario sites and Aristocrat Interactive discontinuing its Betiton and MagicRed Casino offerings.