Ontario iGaming Hits Second-Highest Revenue Figure Powered by Sports Betting Growth

The province's iGaming operators generated $313 million in total non-adjusted gross gaming income, a 6% month-over-month increase.

Ziv Chen - News Editor at Covers.com
Ziv Chen • News Editor
May 24, 2025 • 09:00 ET • 4 min read
Photo By - Imagn Images.

Ontario iGaming operators produced $313.3 million in total non-adjusted gross gaming revenue (NAGGR), a 6% month-over-month rise.

It's the second highest monthly NAGGR total Ontario generated after January 2025 and much higher than the $250 million from April 2024. 

Key takeaways

  • Ontario iGaming operators generated $313.3 million in NAGGR.
  • Sports betting NAGGR increased by 34% month-over-month, while casino NAGGR rose by 1%.
  • Despite the NAGGR increase, cash wagers decreased by 2% month-over-month. 

The iGaming Ontario report covers three verticals: sports betting, casino, and player-to-player poker. Casino has the most dominant NAGGR market share, covering 78% of April 2025's total and generating $242.8 million, a 1% month-over-month rise.

Ontario online sports betting saw the most significant NAGGR rise, with a 34% month-over-month increase. April 2025's $64.5 million also rose from April 2024's $56.7 million. Player-to-player poker saw an NAGGR month-over-month decrease, falling by 11%. However, the $5.9 million generated only accounted for 2% of market share. 

Ontario active monthly players continue to rise

While it doesn’t directly correlate to revenue performance, the number of active monthly players is a handy metric for indicating Ontario's strong iGaming market. Signs are positive for the province, as April 2025 continued a trend of active players reaching above one million starting in November 2024.

April saw the third-highest number of active players in Ontario history at over 1.09 million. 

Cash spent on gambling drops amid revenue increase

While Ontario iGaming income figures were positive, there was a 2% month-over-month drop in gambling spending. Despite the most significant NAGGR increase, Ontario online sports betting took a major hit, with a 10% month-over-month spending drop. Still, wagers still crept over $1 billion. Sports betting only accounted for 14% of all wagers in April 2025.

Meanwhile, casinos had a larger share of cash wagers at 84%, but the overall $6.5 billion spending was a 1% drop from March 2025. Player-to-player also saw a wager decrease, falling 2% and only covering 2% of the market.

April's spending drop is disappointing, considering it’s the start of a new fiscal year for Ontario’s iGaming numbers. The province reported a 31% year-over-year gambling increase in the last fiscal year, but it will need better performances than April's to continue that trend. 

Pages related to this topic

News Editor

Ziv Chen is an industry news contributor at Covers.com

Popular Content

Covers is verified safe by: Evalon Logo GPWA Logo GDPR Logo GeoTrust Logo Evalon Logo