Ontario iGaming Market Hits C$87.3B in Wagers for Fiscal 2025-26 as Player Base Crosses 2 Million
iGaming Ontario's annual report reveals total wagers reached C$87.3 billion for the fiscal year ending March 2026, a 19% jump year-on-year, with active player accounts surpassing two million for the first time. Gaming revenue climbed to C$3.2 billion as the regulated market continues to mature.
iGaming Ontario (iGO) released its full fiscal year 2025-26 performance report on Friday, showing the province's regulated online gambling market generated C$87.3 billion in total wagers between April 2025 and March 2026 — a 19% increase over the previous fiscal year. Total gaming revenue reached C$3.2 billion, up from C$2.7 billion, with casino products contributing 58% of revenue, sports betting accounting for 31%, and peer-to-peer poker making up the remainder. The province now hosts 51 operators running 84 distinct gaming sites under the regulated framework launched in April 2022.
Active player accounts crossed the two million threshold for the first time, reaching 2.04 million by the end of the reporting period, with average monthly spend per active account holding steady at approximately C$294. iGO chief executive Martha Otton credited steady channelization gains and operator competition for the growth, noting that independent research commissioned by the agency now estimates 87% of Ontario online gambling activity takes place on regulated sites — up from 85.3% a year earlier and among the highest channelization rates in any open-licensing jurisdiction globally.
The report also detailed responsible gambling metrics, with operators collectively flagging 412,000 player interactions tied to high-risk behaviour markers and processing 178,000 voluntary self-exclusion requests through the centralized registry. Deposit limits were adjusted by players 2.3 million times during the year, the majority being reductions. iGO confirmed that an upcoming compliance bulletin scheduled for July will tighten requirements around affordability checks for players depositing above C$10,000 monthly, following consultation with the Alcohol and Gaming Commission of Ontario.
Industry analysts at Eilers & Krejcik described Ontario as 'the clearest proof point that competitive licensing can coexist with strong consumer protection,' though they cautioned that growth is likely to moderate as the market approaches saturation. Attention now turns to whether neighbouring provinces — particularly Alberta, which is finalizing its own competitive iGaming framework expected to launch in early 2027 — will adopt similar structural elements. iGO confirmed it has held knowledge-sharing sessions with Alberta's gaming regulator over the past six months.