Ontario’s online casino market experienced a slight downturn in February following its record-setting performance in January, according to the latest figures released by iGaming Ontario (iGO). The agency’s monthly market performance summary for February 2025 revealed a month-over-month decline in both total wagers and gross revenue.
Despite the dip, year-over-year figures remain strong. Total handle surged 26.9% compared to February 2024, rising from $5.6 billion, while non-adjusted gross gaming revenue climbed 32.5% year-over-year. Although both revenue and handle declined from January’s record highs, the number of active player accounts in Ontario continued to grow. iGO reported 1,129 monthly active player accounts in February 2025, marking a 2% increase from January and a 23% rise from the previous year. However, the average revenue per player account dropped to its lowest point in a year at $248, though it remained above last February’s $232.
Casino gaming continues to dominate Ontario’s iGaming landscape, accounting for 85% of total handle and 76% of revenue. In February 2025, the vertical recorded $6.1 billion in cash wagers—the lowest total since September 2024—representing a 7% decline from January but a substantial 30.5% year-over-year increase. Gross gaming revenue from casino gaming reached $213.8 million last month, reflecting the same 30.5% annual growth. Ontario’s casino gaming offerings include slots, live dealer and computer table games, and peer-to-peer bingo.
Sports betting, while more modest in scale, also showed mixed results. The total sports wagering handle stood at $930 million, a 21% decrease from January’s all-time record but a 12.6% year-over-year increase. Betting revenue, however, saw a sharper decline, falling 33% from January to $61.5 million. Nonetheless, this figure represents a strong 45.4% increase compared to the same period last year. Ontario’s betting market spans sports betting, esports, novelty wagers, and proposition bets.
Overall, while Ontario’s iGaming market saw a temporary setback in February, year-over-year growth remains robust, highlighting the continued expansion and resilience of the province’s online gaming industry.
