In April 2025, Ontario achieved its highest-ever online casino revenue, according to the latest data from iGaming Ontario (iGO). For the month, casino games were the main source of revenue growth, recording CA$242.8 million ($176.8 million). The figure narrowly edged out the previous record set just a month earlier, which was CA$241.3 million.
Sports betting followed suit, rising from CA$48 million last month to CA$64.5 million in April—a substantial 34 percent month-over-month increase. On the other hand, revenue from poker experienced a downturn for the month, falling to CA$5.9 million, an 11 percent decline sequentially. However, this was offset by other robust figures. Compared to April 2024, Ontario’s regulated iGaming market jumped by 25.3 percent to CA$313.3 million.
Active accounts jump 20%
For the month, the province recorded 1.09 million active accounts, a 20 per cent rise year-on-year. This marks the sixth month in a row that the active accounts have been above 1 million in Ontario. Additionally, the average spend per account for April was 4 per cent higher than 2024 at CA$287. Meanwhile, for the year ended 31 March 2025, wagers totaled CA$82.7 billion, marking a 31 per cent year-over-year. However, these do not include promotional wagers, and gaming revenue increased by 32 per cent. This includes rake fees, tournament fees, and other fees across all operators.
Last month, Ontario’s regulated iGaming broke all records, reaching CA$3.20 billion in gross gaming revenue for the 2024-25 financial year. Data from iGaming Ontario confirmed a 32 percent year-on-year rise, with wagers climbing 31 percent to CA$82.7 billion. The figures marked the strongest full-year performance since the province opened its regulated market in April 2022.
State of the horse racing industry
In other news, Ontario’s horse racing industry is reportedly “under competitive siege” from the online gambling sector, according to Andrew Gaughan, independent chair of Ontario Racing, the non-profit organisation representing the industry. The province’s horse racing sector is experiencing a noticeable drop in wagering, which coincides with the launch of Ontario’s online gambling ecosystem in April 2022. Home Market Area (HMA) wagering refers to bets placed within Ontario on horse races. It’s the backbone of the local horse racing economy, and a major driver of funding for related programs. Over the last two years, HMA wagering dropped by 12.6 percent.
Ontario’s gaming landscape underwent significant changes after Bill 216 was passed, which introduced the iGaming Ontario Act. The legislation transformed iGaming Ontario (iGO) into a standalone entity governed by an independent board by dissolving the parent-subsidiary relationship between the Alcohol and Gaming Commission of Ontario (AGCO) and iGO, which was finalised recently. Now, the AGCO and iGaming Ontario are officially, legally and operationally independent agencies as of May 14.
