Ontario iGaming market posts strongest monthly result to date

Ontario’s regulated iGaming sector recorded its highest monthly revenue performance in November, breaking through the $400 million threshold for the first time since the market launched. The latest figures show that growth was supported by sustained casino wagering, rising player engagement, and a significant improvement in sportsbook profitability compared with earlier months.

According to data released by iGaming Ontario, total non-adjusted gross gaming revenue (NAGGR) reached $406.2 million during the month. This represented a 10% increase compared with October’s previous record of $367.7 million and marked a 39% rise from November 2024. Total cash wagers also reached a new peak, climbing to $9.33 billion.

While the increase in wagering volume from October was modest, the revenue jump was far more pronounced, indicating improved returns across several segments of the market.

November also saw the highest number of active player accounts recorded in . Active accounts rose to nearly 1.3 million, a 1% increase compared with October. The figure was substantially higher than one year earlier, with approximately 286,000 more active accounts than in November 2024.

Revenue generated per active account also improved. Average revenue per active player account reached $313 in November, exceeding the levels reported in September and October. The figure reflected a year-over-year increase of 9%, although it remained below the market’s historical peak of $332.

Together, these indicators point to a period of stronger monetisation, with operators generating more revenue from a larger and more active customer base.

Sports betting delivered its strongest monthly revenue performance since Ontario opened its regulated market to commercial operators in April 2022. NAGGR from sports wagering reached $102.0 million in November, establishing a new monthly record and marking the first time sportsbook revenue surpassed the $100 million level.

The figure exceeded the previous high of $92 million, set in January 2025, by nearly 11%. Compared with October, sports betting revenue increased by 75%, while year-over-year growth stood at 29%.

Sports betting handle reached $1.25 billion, another monthly record and a slight increase over November 2024. Earlier in the year, sportsbook revenue had lagged behind the same months in 2024 on several occasions, making November’s performance a notable shift.

As a result of the revenue surge, sports betting accounted for 25% of total iGaming revenue in November, its highest share since January.

Online casinos continued to generate the majority of wagering activity in Ontario. Casino handle reached $7.95 billion in November, accounting for 85% of total cash bets placed during the month. This marked yet another monthly record for casino wagering.

Casino revenue totalled $298.0 million. While casinos remained the largest contributor to overall revenue, their share of total NAGGR declined from 83% in October to 73% in November as sportsbook results improved.

Peer-to-peer online poker continued to represent the smallest segment of the regulated market. Poker activity produced $129 million in wagers and $6.3 million in NAGGR, reflecting its limited scale compared with casino and sports betting.

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Since Ontario’s regulated iGaming framework came into effect more than three and a half years ago, players have wagered more than $247 billion across licensed online casinos and sportsbooks. November’s record results pushed cumulative operator revenue to $9.78 billion.

With iGaming activity taxed at 20%, the provincial government has collected just under $2 billion in tax revenue from the regulated market to date. These figures exclude online gambling activity conducted through Ontario Lottery and Gaming platforms.

As of November, the iGaming Ontario-managed market included 48 licensed operators operating a combined total of 82 websites. The record-setting month occurred despite several recent exits, including the shutdown of four Ontario-facing sites by Wildz Group and the closure of Betiton and MagicRed Casino, both white-labelled under Aristocrat Interactive.

The November results reflect a period of sustained expansion for Ontario’s regulated iGaming sector, with revenue growth outpacing wagering growth and player engagement continuing to rise.

Source:

, canadiangamingbusiness.com, December 17, 2025