Gambling is not an investment. Casino games are entertainment with a built-in house edge — over time, the odds always favour the operator. Never play to make money, recover losses or pay bills, and only wager what you can afford to lose.
Kris Olson,
Expert Casino Reviewer & Journalist at CasinoRIX | International iGaming Analyst
Ontario’s 2024-25 Q1: iGaming Market Report
In this report, we’ll cover the first quarter (Q1) of the 2024/2025 fiscal year on market performance. The first quarter covers activity from April 1 to June 30, 2024 and covers the iGaming market in Ontario. It includes all Operators with online casinos and sportsbook with trading activity.
There are 50 regulated Operators now licensed in Ontario with an increase of 1/3 when it comes to wagers and overall revenue from the year before. The revenue that’s generated from Ontario iGaming directly affects the province in positive ways helping with infrastructure, the healthcare system, and education. At CasinoRIX, we put together some data regarding the Ontario iGaming Market Report.
iGaming Market Report Data
The wagers for the first quarter amounted to $18.4 billion. This didn’t include bonuses wagered. This is a 3.4 increase from the last quarter and 31% over the first quarter of last year. The overall gaming revenue was $726 million, which was an increase of 5.2% from the fourth quarter of the previous year. This figure includes all cash wagers, rake fees, fees for tournaments and any other additional fees. It includes all Operators associated with Ontario iGaming. This figure doesn’t include the winnings players were able to cash out or operating costs.
Player Accounts
Nearly 1.9 million players accounts were created during the first quarter of 2024. Active player accounts include ones that had cash or promo wagering activity during the first quarter. They don’t represent each individual as there may be players who hold accounts with more than one operator. Each active player spent an average of $284 monthly.
Casino Games and Sportsbetting Stats
Casino games like slots, RNG table games, live games, and bingo accounted for nearly $15.5 billion in wagers for a total of $529 million in gaming revenue. Sports betting accounted for $2.5 billion for a total gaming revenue of $181 million in revenue. Peer-to-peer poker made up for $402 million in wager with gaming revenue of $16 million.
iGaming Ontario is committed to sharing aggregate revenue and market insight reports. These reports will continue on a quarterly basis. You can check out the original report for the first quarter.
Other news:
How to Turn First Calls into Real Deals: Interview with Illia Boiko, B2B Partnership Manager at Endorphina
llia Boiko, B2B Partnership Manager at Endorphina, shares how strong client relationships are built — from the first call to long-term success. In this interview, he talks about trust, timing, and what really makes ...
Educate, Engage, Convert. Inside the Content Philosophy at CasinoRIX
At CasinoRIX, content is about clarity, honesty, and real value. This article unpacks how we create expert-level guides that cut through fluff, answer real questions, and respect the reader’s time.
Building a Career in iGaming: John Wright’s Path from Professional Gambler to Industry Leader
With over 20 years in the iGaming industry, John’s story is one of unlikely beginnings and consistent innovation. In this interview, he recounts his unexpected entry into the world of professional gambling and how i...
Ontario’s Safer Bet: Study Indicates 86% of Gamblers Prefer Regulated Sites
Gamblers in Ontario were ecstatic in 2022 when the provincial government regulated online gambling. Before these regulations came into place, roughly 70% of gamblers in the province were seeking entertainment through ...