Online casino operators in Ontario reported record revenues in May 2025
This new figure surpassed the previous record of CAD 328.5 million (around USD 243 million) set in January 2025 by 2.9%. Compared to May of last year, revenue increased by 40.3%, and it rose by 8% from April.
Online casinos accounted for CAD 259.8 million (about USD 192 million), marking a year-on-year growth of 45.3%. Sports betting contributed an additional CAD 71.8 million (approximately USD 53 million), up 26.3% from May 2024. Revenue from online poker also saw an increase of 18.9%, reaching CAD 6.3 million (around USD 4.7 million). Player preferences were distributed as follows:
The total amount wagered in May 2025 reached CAD 8.07 billion (approximately USD 5.9 billion), surpassing the symbolic threshold of CAD 8 billion for the first time. The previous high was recorded in March at CAD 7.95 billion (around USD 5.8 billion). Year-on-year, the betting volume grew by 28.9%, and it increased by 3.5% compared to April.
Online casino players spent CAD 6.96 billion (approximately USD 5.1 billion), which is a 30.9% increase compared to May 2024. Sports betting rose by 18.5% to CAD 972 million (around USD 720 million), while poker wagers increased by 11.6% to CAD 129 million (approximately USD 95 million).
These impressive figures were achieved despite a decrease in the number of active players, which fell by 2% to 1.07 million. However, the average revenue per active account grew by 10%, reaching CAD 316 (around USD 235).
It is worth noting that the iGaming market in Ontario saw a 34% increase in revenue for the first quarter of the year, totaling CAD 726 million (approximately USD 540 million).
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