Ontario Caps Record Year of Online Gambling with Strong December

Online gaming revenue for the full year of 2025 exceeded $4 billion. $425 million was collected in December.

Amy Calistri - Contributor at Covers.com
Amy Calistri • News Editor
Jan 30, 2026 • 18:24 ET • 4 min read
Photo By - Reuters Connect. Toronto skyline is seen from an ice covered pier, during an extreme cold warning, as a winter storm passes through Toronto, Ontario, Canada. REUTERS/Arlyn McAdorey

iGaming Ontario reported record gaming revenue of $425.4 million for December 2025, up 57.7% from December 2024. Online gaming revenue for the full year of 2025 exceeded $4 billion.  

Key Takeaways

  • December 2025 online gaming revenue broke the previous monthly record of $406.2 million set in November 2025.  

  • Since launching in April 2022, Ontario has generated more than $10 billion in gaming revenue and $2 billion in tax revenue. 

  • Online casinos continue to dominate the sector.

In a report released Thursday, iGaming Ontario shared its latest online gambling statistics for the province. Along with revenues, handle also set a monthly record, reaching $9.5 billion – up 22.5% over December 2024.  

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Online casinos continue to thrive 

U.S. online casino growth appears to be stalling out, according to a recent study. The same, however, cannot be said of Ontario. While every category contributed to December’s record-breaking revenue, online casinos continued to lead the charge. December’s online casino revenue of $320.5 million accounted for just more than 75% of Ontario’s total online gaming revenue. It was the second month of $300-plus million revenues for the category and was 42.7% higher than December 2024. 

Online sports betting in Ontario fell just shy of setting a record in December. But its revenue of $99.1 million was still a stunning 150% higher than in December 2024. And it is second only to November’s record of $102.0 million.  

Roughly 1.28 million total active players contributed to December’s record revenue. While not quite a record, it was well above December 2024’s 1.03 million active user accounts. Meanwhile, the average revenue per active player account was $334 – roughly 27% higher than December 2024.  

Help may be coming for poker 

Poker continued to languish in the province, posting $5.8 million in revenue. Granted, it did top the revenue of $5.6 million in December 2024. And it wasn’t close to its revenue record of $7.1 million set back in March 2024.  

The issue with poker isn’t unique to Ontario. Poker is offered as a peer-to-peer experience. In a small market, with limited players, it’s hard to build momentum. To address that issue, some U.S. states formed the Multi-State Internet Gaming Agreement (MSIGA), allowing players from different states to play with one another. Ontario is hoping to do something similar.  

While it may take a while to come to fruition, the Ontario Court of Appeal ruled in November that its regulated online gaming websites can legally allow gamblers in the province to play with people outside of Canada. This would help categories such as poker and daily fantasy sports that do better with a higher user base. 

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Amy Calistri - Covers.com
News Editor

Amy Calistri got her high school letter in golf and hasn't golfed since. She has a collegiate letter in wrestling, but never wrestled. She was arguably the worst catcher in IBM's coed softball league. But she is a hardcore sports fan, having spent her formative years yelling from Boston Garden's second balcony and Fenway's cheap seats. Amy loves when she can combine her love of sports with her business acumen. She has covered the sports and gambling industries for more than 20 years, writing for outlets including Bluff Magazine, PokerNews, and OnlineGambling.com. Amy co-hosted the popular radio show Keep Flopping Aces and co-wrote Mike “The Mouth” Matusow’s memoir, Check-Raising the Devil. Amy is also published in the areas of economics, investing, and statistics.

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