Across dozens of regulated and unregulated gambling jurisdictions in North America, Ontario is quickly becoming. North America’s foremost live casino market. While the Ontario casino market falls behind a few states and provinces based on total revenue generated, its growth rate and regulated structure give it an edge.
Ontario’s regulated-site participation rate, at 83.7%, is so massive that it is the highest number of regulated operators in any North American jurisdiction. That’s a result of its open market structure, which promotes numerous licensed operators on tens of platforms.
One industry leader is ToonieBet, a platform that provides an online casino Ontario players have come to love. It mirrors the state’s emphasis on licensed operation, safety, and responsible gaming, as it’s regulated by iGaming Ontario and the Alcohol and Gaming Commission of Ontario.
Current Size of the Ontario Online Casino Market
Here’s a brief overview of the local iGaming industry’s current state.
Latest iGaming Market Statistics
Despite being launched just four years ago in 2022, Ontario’s regulated online casino market has evolved into a multi-billion-dollar industry in such a short while. It has firmly imposed itself on the province’s entire gambling space by accounting for 88% of total wagering in May 2026. Putting this into numbers…
- Total monthly wagers generated by Ontario’s regulated iGaming market in May was C$9.48 billion, representing an almost 17% increase year over year.
- The casino market generated C$8.37 billion in casino wagers out of the total C$9.48 billion.
- Non-adjusted Gross Gaming Revenue (NAGGR) generated by the market in May was C$413.1 million.
- Total cash wagers generated by Ontario’s regulated iGaming operators in 2025 was C$98.3 billion, a 26% increase from 2024.
Beyond illustrating how quickly Ontario’s regulated iGaming market has expanded since its launch in 2022, those figures reflect the position of the casino industry. They also highlight the progressive state of the regulated market and how the Ontario iGaming sector has moved beyond its early development stage and established itself as a major regulated online gambling market.
The Customer Base
Growth at a staggering rate and the generation of billions of Canadian dollars are proof of the market’s huge customer base. In the same May 2026, when the online iGaming market recorded its fourth-highest monthly wagering figure, there were about 1.257 million active player accounts.
The average revenue on each player account for the month was C$329. While these numbers represent the overall iGaming market, the dominant online casino market would account for over a million of these players.
The Competitive Market
The online casino market had 48 licensed operators operating about 83 gaming websites. This competitive environment has helped these websites stay at the top of their game, giving the customers a wide range of options to pick from.
Despite the fierce competition, certain brands still stand out. Take ToonieBet as an example. The company received nominations for Casino Product of the Year and North American Operator of the Year. It continues to gain a stellar reputation in the midst of other sports betting and live casino game providers.
What Other Regions Can Learn From Ontario
Drawing from Ontario’s success, the other regions in North America can see how an open, competitive market yields more results than a restricted licensing model. Since the goal is to move customers away from illegal gambling into a regulated environment, then a good way to make the regulated environment more attractive is to give them some freedom.
From its very onset in 2022, the Ontario online iGaming market opened the door to tens of operators and websites while approving thousands of games. The legalization immediately caused most of the online gambling activity to shift into the regulated market and has discouraged illegal activity.
ToonieBet has increasingly become one of the prominent regulated platforms in the Ontario market, regulated by the AGCO. It has used its licensed status to secure beneficial partnerships with the Canadian Football League (CFL), the National Hockey League (NHL), and others.
Ontario exemplified how channelization, and not massive revenue, is the real metric for regulatory success. A 2026 iGaming Ontario study shows that 91.1% of online players chose regulated websites over the unregulated alternatives. While legalization is a major step to encourage players, competitiveness and consumer awareness will make the legal option more attractive.
The Future of iGaming in Ontario
Rapid growth in Ontario’s iGaming market is not stopping anytime soon. The state’s business plan projects about a 10% annual growth in terms of Adjusted Gross Gaming Revenue (AGGR). And like it always has been, live casinos will keep being the major pillar of the development of the iGaming market. Other expansion plans include centralized self-exclusion, an automated anti-money-laundering system, and a modern market-data platform during the 2026–29 period. As the market grows, players are reminded to gamble within their means and make use of the deposit limits and self-exclusion tools regulated operators are required to provide
