Ontario iGaming declines in February, but results consistent
Ontario’s regulated iGaming market recorded a month-on-month decline in February, but key metrics show the market remains steady following a record-breaking start to 2026.
After reaching approximately C$9.52 billion in total wagers and C$401.5 million in gross gaming revenue in January, February activity eased in line with seasonal expectations. The post-holiday slowdown, combined with the conclusion of major sporting events such as the NFL season, contributed to softer wagering and revenue figures.
MORE: Legal gambling in Ontario
Despite the monthly dip, the broader trend remains positive. Revenue has consistently tracked around the C$400 million mark since late 2025, highlighting the market’s ability to sustain high levels of activity. Active player accounts also remained stable at around 1.3 million, suggesting continued engagement even as spending levels fluctuate.
Online casino gaming continues to dominate the market, accounting for roughly 77% of total revenue and more than 85% of wagers. Sports betting and poker saw more noticeable declines month-on-month, reflecting their reliance on seasonal sporting calendars.
Year-on-year growth remains strong, with January wagering up more than 20% compared to the same period in 2025. On an annual basis, total wagers approached C$98 billion last year, underlining the scale and maturity of Ontario’s regulated ecosystem.
The February results point to a period of consolidation rather than contraction. While short-term declines are expected following peak months, Ontario continues to deliver consistent performance at scale.
As the market settles into a more mature phase, it remains a leading benchmark for regulated iGaming in North America, combining strong player retention with sustained revenue growth.
The promising data from Ontario will have other provinces in Canada deeply considering regulating online gambling, with Alberta currently in the process of taking applications for licenses.
