Ontario gambling revenue hits $406.2M in November 2025, up 10%. Sports betting surges 75% to $102M while total wagers reach $9.33 billion.
An impressive November for the Ontario iGaming market shows that, despite the limitations of targeting only citizens of the Canadian province, the online gambling market, in particular, casino and sports betting, continues to grow.
Even more impressive is the fact that monthly stats are breaking records. Last month’s figures broke records, and now a new month of stats breaks more revenue records. With all that being said, online poker is declining, but that could soon change when Ontario joins the North American Online Poker Network.
Rounding Up Overall Ontario Online Gambling Market Performance at a Glance
Total wagers reach $9.33bn (+25% YoY), casino generates $298m, sports betting revenue explodes to $102m (+75% MoM), and poker delivers $6.3m. Complete market breakdown inside.
The Canadian Ontario online gambling market posted exceptional November 2025 results, with total Non-Adjusted Gross Gaming Revenue reaching $406.2 million, marking a 39% year-over-year increase.
While wagers climbed 1% month-over-month to $9.33 billion, the revenue surge was driven by sports betting’s remarkable 75% monthly jump and the casino’s continued market dominance.
Active player accounts remained stable at 1.297 million, while average revenue per account jumped 10% to $313, suggesting operators achieved higher hold percentages across categories.
Official iGaming Ontario Market Performance page which displays the 2025 dataset, which is where the figures and assessment below come directly from.
Online Casino Stats – YoY Wagers Climb 29.5%
Ontario casinos delivered $7.95 billion in wagers (+1% MoM, +29.5% YoY), representing 85% of total market handle.
Revenue reached $298 million but declined 2% month-over-month despite increased wagering, suggesting favourable player outcomes.
The 43.5% year-over-year revenue growth from November 2024’s $207.6 million confirms the casino’s position as the market’s growth engine, commanding 73% of total gaming revenue.
| Month | Casino Wagers | MoM% / YoY% |
|---|---|---|
| November 2023 | $4.43bn | – / – |
| November 2024 | $6.14bn | –2% / +38.6% |
| November 2025 | $7.95bn | +1% / +29.5% |
Sports Betting Stats – YoY Wagers Rise 5.6% While Revenue Jumps 29%
Sports betting delivered November’s most dramatic performance, with handle reaching $1.25 billion (+2% MoM, +5.6% YoY).
Revenue exploded to $102 million, representing a stunning 75% month-over-month increase from October’s $58.3 million and 29.3% year-over-year growth.
This gambling news highlights significantly higher operator hold rates, as revenue growth vastly outpaced wagering activity.
Sports betting now commands 13% of total handle but generates 25% of gaming revenue.
| Month | Betting Wagers | MoM% / YoY% |
|---|---|---|
| November 2023 | $1.04bn | – / – |
| November 2024 | $1.19bn | +12% / +13.7% |
| November 2025 | $1.25bn | +2% / +5.6% |
P2P Online Poker Stats – YoY Wagers Decline 4.4%
Poker wagers reached $129 million (-1% MoM, -4.4% YoY), making it the only vertical experiencing negative long-term growth.
Despite declining handle, revenue showed strength at $6.3 million (+11% MoM, +23.5% YoY), indicating rake optimization or player mix shifts.
Poker maintains 1% of total wagering and 2% of gaming revenue, providing operators with consistent niche returns.
| Month | Poker Wagers | MoM% / YoY% |
|---|---|---|
| November 2023 | $137m | – / – |
| November 2024 | $135m | –4% / –1.5% |
| November 2025 | $129m | –1% / –4.4% |
Ontario’s Online Gambling Continues to Snowball
November’s 75% surge in sports betting revenue, despite minimal growth in wagering, raises valid questions about player value and sustainable market practices.
While monthly variance in hold percentages occurs naturally, such dramatic swings suggest either exceptional operator fortune during major sporting events or concerning shifts in odds-setting strategies.
Sports bettors should approach the upcoming months with enhanced bankroll discipline.
Casino’s declining revenue despite increased handle demonstrates operators can maintain healthy businesses while offering competitive player value. This player-friendly outcome builds trust and encourages continued engagement.
The ideal market balances operator profitability with player retention through fair return rates, and the casino’s November performance suggests that Ontario continues to find this equilibrium while sports betting seeks a sustainable footing.
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