iGaming Ontario switches to monthly reporting as revenue grows
iGaming Ontario has announced it is changing to monthly market performance reports, as opposed to quarterly reports.
iGaming Ontario reports wagers and gaming revenue by product category (casino, betting and peer-to-peer poker) for all licensed operators in the province, with trading activity since the market launched in April 2022 now broken down by month.
The agency also reported third quarter fiscal year 2024-25 data (ended 31 December, 2024), showing an industry that’s still growing.
Total wagers were at CAD$22.7 billion (US$15.8 billion) not including bonuses, a 22% increase over the second quarter (CAD$18.7 billion), and a 32% increase over the third quarter of 2023-24.
Total gaming revenue (CAD$825.8 million) was a 10% increase over the second quarter and a 25% increase compared to the third quarter of the last fiscal year.
Gaming revenue represents total cash wagers, including rake fees, tournament fees, and other fees, across all operators, minus player winnings derived from cash wagers and does not take into account operating costs or other liabilities.
In the third quarter, there were 50 operators and 83 licensed gaming websites with activity.
Casino games (including slots, live and computer-based table games and peer-to-peer bingo), led the charge again – 83 per cent of total wagers (CAD$18.9 billion) and 78 per cent (CAD$644 million) of gaming revenue.
Betting on sports, esports, proposition and novelty bets, and exchange betting was 15 per cent (CAD$3.4 billion) of total wagers, 20 per cent of gaming revenue (CAD$166 million).
Peer-to-peer poker was at 1.8 per cent of total wagers (CAD$418 million) and 1.9 per cent (CAD$16 million) of gaming revenue.
Up until now, iGaming Ontario worked with the Alcohol and Gaming Commission of Ontario and the provincial government to regulate the igaming industry, protecting consumers in areas like responsible gambling, and providing more digital gaming choices.
It was announced in November the status of iGaming Ontario was being changed – it’s no longer a subsidiary of Alcohol and Gaming Commission of Ontario, and the new iGaming Ontario Act to be proclaimed in 2025 makes iGaming Ontario an independent agency, further distancing it from the provincial lottery corporation.
Mark Keast is based in Toronto, Ontario, Canada and covers the Canadian digital gaming industry for COMPLETE iGAMING. Mark is a long-time sportswriter and editor, most notably with the Toronto Sun and Toronto Star.
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