Independent market research on Canada's regulated gaming sector

The numbers behind Canada's regulated gaming market

Picasso Gaming Index tracks the published figures, revenue, operators, and rules of Canada's regulated gaming market — led by Ontario, the country's first open, competitive online market. Every figure links back to its official source.

Ontario online gaming at a glance

C$3.2B
Gaming revenue (operators' keep)
FY2024–25 · +32% YoY
49
Registered operators
84 gaming sites · FY2024–25
83.7%
Play on regulated sites
Ontario channelization · Apr 2024

Source: iGaming Ontario — year-3 market results (FY2024–25) (FY2024–25).

Three years of growth

Total amount wagered on Ontario's regulated online market, by fiscal year (Apr–Mar).

FY2023–24C$63.0B
FY2024–25C$82.7B

Source: iGaming Ontario — year-3 market results (FY2024–25) (FY2024–25). Figures are operator-reported and noted by iGO as unaudited and subject to adjustment.

Wagers are not losses

"Wagered" counts every bet placed, including winnings that are re-staked. The money the market actually keeps — gaming revenue — was C$3.2B in FY2024–25. We always show both; see how the numbers work.

Where the revenue comes from

Gaming revenue by segment, Ontario regulated online market, FY2024–25.

CasinoC$2.4B
Sports & event bettingC$724M
Peer-to-peer pokerC$66M

Source: iGaming Ontario — year-3 market results (FY2024–25) (FY2024–25).

Dig into the data

Ontario iGaming

The flagship dataset: wagers, revenue, operators and segments for Canada's only open online market.

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Canada market overview

How the national market is structured — Ontario's open model versus provincial monopolies, and Alberta's 2026 opening.

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Player activity

Active accounts and average monthly spend, from iGO's quarterly reporting.

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Regulation & law

Who the AGCO and iGaming Ontario are, and what the Registrar's Standards require.

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We also do this for you

Beyond the public data, Picasso Gaming Index builds casino analytics for operators and studios — KPIs, player cohorts, dashboards and market analysis. If you need the numbers behind your business, see how we work or request analytics.

Data reviewed: 2026-07-29. See sources and methodology.