Ontario iGaming revenue drops 14.7% in February
Table of contents
- Ontario’s gross iGaming and online sports betting revenue fell to CA$342.4m in February, down 14.7% month-on-month.
- Sports betting revenue declined 29% to CA$61.3m as handle fell 20% to CA$946m.
- Year-on-year, both handle and revenue remain approximately 22% ahead of February 2025.
Ontario’s regulated online gambling market posted its sharpest monthly revenue decline since September 2025 in February, snapping a three-month run above the CA$400m mark, according to data published by iGaming Ontario (iGO) in its monthly market performance report.
Revenue falls across segments
Gross revenue declined 14.7% from January’s CA$401.5m to CA$342.4m in February, ending three consecutive months above the CA$400m threshold. Both the February handle total and the revenue figure were the lowest posted in a single month in the province since September 2025.
Casino, including online bingo, accounted for 81% of February’s online gaming revenue at CA$257.7m, an 11% decline from January. Sports betting revenue dropped 29% to CA$61.3m, making up 18% of total revenue. Peer-to-peer poker generated CA$5.4m, holding a 2% market share.
Despite the monthly pullback, the annual picture remains firmly positive. February 2026’s handle and revenue were each approximately 22% above the levels recorded in February 2025, continuing the market’s consistent pattern of strong annual growth as Ontario’s regulated iGaming market approaches the end of its fourth year.
Licensed operators generated just over CA$4bn in non-adjusted gross gaming revenue across the full calendar year of 2025, processing nearly CA$98bn in wagers.
Handle and player activity
Total handle and stakes dropped 8.2% from CA$9.5bn in January to CA$8.7bn in February. Cash wagers in the casino segment fell 6% to CA$7.65bn, with betting handle dropping 20% to CA$946m. Peer-to-peer poker stakes declined 14% to CA$135m. Average revenue per active player account fell 13% to CA$264.
Approximately 1.3 million player accounts were active in February, down from January’s record of more than 1.32 million. The CA$264 average revenue per active account was the lowest monthly total since February 2025’s CA$248.
The February pullback is partly structural. The month is the shortest of the calendar year and follows the Super Bowl, typically the seasonal high-water mark for sports betting handle before March Madness takes over. Similar patterns were evident in other North American regulated markets during the same period.
Competition and market context
Ontario’s commercial sportsbooks faced increased competition in February as the Ontario Lottery and Gaming Corporation (OLG) launched its Kambi-powered PROLINE sportsbook on 27 January 2026, across both its retail and digital channels.
OLG’s online gaming activity is excluded from iGO reporting. OLG holds an estimated 20% share of Ontario’s regulated online casino and sports betting market.
According to iGO’s 2024-25 annual report, the market’s channelisation rate stood at 83.7% at the end of that fiscal year, reflecting sustained migration of players from the grey market since the regulated framework launched in April 2022.
At the start of February, 48 licensed commercial operators were active in Ontario, running 82 iGaming sites. The operator count has seen movement in recent months, with some operators pausing activity and others still working through the licensing pipeline, including DAZN Bet, which has received approval to launch in the province.
Ontario’s regulated market remains one of the most competitive online gambling frameworks in North America by operator count and wagering volume.
The spring sports calendar, including the NHL playoffs and the NBA post-season, is expected to support a recovery in betting handle in the months ahead. Sustaining active player account growth beyond the initial acquisition phase remains the central challenge for operators as the market matures into its fifth year.
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