Ontario iGaming Market Hits C$3.2B in Q2 Revenue as Registered Players Cross 2 Million Mark
iGaming Ontario has reported record quarterly gaming revenue of C$3.2 billion for Q2 2026, marking a 24% year-over-year increase as the regulated market approaches its fourth anniversary. Active player accounts surpassed 2 million for the first time, signaling continued maturation of Canada's most developed online gambling jurisdiction.
iGaming Ontario (iGO) released its Q2 2026 market performance report on Monday, revealing total gaming revenue of C$3.2 billion across the province's regulated online betting and casino sector — a 24% jump compared to the same period last year. The figures cover the April to June window and mark the strongest quarterly performance since the market launched in April 2022, with casino gaming contributing roughly 60% of total wagers and sports betting driving the balance alongside peer-to-peer poker.
Active player accounts reached 2.04 million during the quarter, an important psychological threshold that iGO executive director Martha Otton described as evidence that channelization efforts continue to succeed. The regulator estimates that approximately 86% of Ontario's online gambling activity now takes place with licensed operators, up from 82% a year earlier. Average revenue per active account held steady at roughly C$285 per month, suggesting the growth stems from market expansion rather than heavier spending from existing players.
The report highlighted 51 registered operators managing 82 gaming websites at the end of the quarter, with a handful of new entrants having launched in the spring. Industry analysts at Eilers & Krejcik noted that Ontario's operator density is beginning to plateau, with consolidation likely as smaller brands struggle to acquire players against entrenched leaders. Marketing spend across the market reportedly fell 8% quarter-over-quarter, which some observers attribute to the ongoing effects of the Alcohol and Gaming Commission of Ontario's tightened advertising standards introduced in 2024.
Otton also flagged responsible gambling metrics as a bright spot, with deposit limit tool usage rising 17% year-over-year and voluntary self-exclusion enrollments through the PlaySmart program up 12%. The province is expected to publish its full annual report in September, which will include tax contributions to the Ontario treasury — projected by industry sources to exceed C$1.4 billion for the fiscal year, cementing iGaming as one of the province's fastest-growing revenue streams.