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Ontario's Regulated iGaming Market Hits Record $2.1 Billion in Annual Revenue

Ontario's regulated online gambling market has reached a new milestone, generating $2.1 billion in revenue and solidifying its position as North America's largest regulated iGaming market.

Mike Torres

Mike Torres

Saturday, February 28, 2026

Ontario's Regulated iGaming Market Hits Record $2.1 Billion in Annual Revenue

A Landmark Year for Ontario iGaming

The Alcohol and Gaming Commission of Ontario (AGCO) has released its annual market report revealing that Ontario's regulated iGaming sector generated $2.1 billion in total revenue for the fiscal year ending March 2026 — a 34% increase over the previous year.

The market now boasts over 50 licensed operators and more than 2.8 million registered player accounts, cementing Ontario's position as the largest regulated online gambling market in North America.

Market Breakdown

Online casino games accounted for the lion's share of revenue at 62%, followed by sports betting at 28% and poker at 10%. Slot games remain the most popular product category, generating approximately $850 million in revenue alone.

The report also highlights strong growth in live dealer games, which saw a 67% year-over-year increase in player participation. Mobile play continues to dominate, accounting for 78% of all sessions.

Implications for Other Provinces

Ontario's success is being closely watched by other Canadian provinces considering their own regulated iGaming frameworks. British Columbia and Alberta have both initiated consultations on expanding their online gambling regulations, potentially following Ontario's model.

Industry observers note that Ontario's approach — creating an open, competitive market with multiple licensed operators — has proven more effective at channeling players away from unregulated sites compared to monopoly models used in some other jurisdictions.

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Ontario's Regulated iGaming Market Hits Record $2.1 Billion in Annual Revenue | Gambling News