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Ontario’s combined public and private iGaming market has surpassed an estimated $12.6 billion in revenue since the open market launched. This reflects a large, competitive Ontario online gambling market and continued provincial returns. The total combines separately reported OLG figures and iGaming Ontario (iGO) data, showing strong growth in digital gaming and significant market share for the public operator.
OLG and iGO Ontario Online Gambling Revenue at a Glance
The OLG’s recently published annual report (FY2024–25) fills an important gap in provincial totals. The corporation reports its online results separately from iGO-regulated private operators. Key figures from the OLG and iGO:
- OLG online casino + sports betting revenue: $1.544 billion from April 2022 through March 31, 2025 (broken down as $451M in FY2022–23, $508M in FY2023–24, $585M in FY2024–25)
- iGO-regulated sector: $7.07 billion (through March 2025)
- Combined to March 2025: about $8.6 billion
OLG’s Financial Performance in FY2024–25
Using OLG’s recent monthly averages and a conservative 10% growth assumption for FY2025–26, the analysis estimates an additional ~$536.25 million from April 2025 to January 2026. This brings the provincial total to roughly $12.68 billion through January 2026. Of that, about $10.6B from iGO sites and an estimated $2.08B from OLG.
The OLG highlighted continued financial returns in its report. Digital gambling revenue rose 16% year-over-year to $731 million, total OLG revenue was $4.8 billion (up 2.3%), and net profit to the province from digital gambling was $417 million (up 27%).
OLG president and CEO Duncan Hannay noted,
“In fiscal 2024-25, OLG delivered $2.2 billion — or over $2.4 billion when excluding a one-time provision — in Net Profit to the Province,”
stressing cost management and returns to communities and First Nations.
These calculations exclude OLG’s iLottery figures from the combined open-market totals as Ontario iLottery remains OLG’s sole offering. The public operator still accounts for more than 16% of Ontario’s online gambling market despite broad competition.
Why This Revenue Milestone Matters to Players
The large combined revenue underscores a mature market with many operators, which generally translates into wider product variety and platform competition. With an estimated 16%+ market share, OLG remains a meaningful option alongside private iGO-regulated sites, including as the exclusive provider of iLottery.
Transparency is another factor worth considering. OLG’s public reporting and the fact that it returns proceeds to supporting communities, First Nations, and programs are important contexts for players who follow where industry dollars go.
Further, regulatory oversight through iGO for private operators, combined with OLG’s public accountability, helps preserve fairness standards and responsible play.
Players should note these figures are aggregated industry measures, not indicators to play more or chase revenue. They illustrate market scale and the evolving competitive landscape.
What Comes Next for Ontario’s iGaming Sector
As the OLG fiscal year ends March 31, watch out for upcoming iGO monthly releases and OLG’s FY2025–26 updates. Those Ontario gambling revenue reports will clarify whether the assumed conservative growth still holds and how market shares shift.
