Ontario Online Casino Revenue Falls Shy Of Record In March With $318.5 Million

Ontario online casinos posted a record month of wagers in March, but came up just shy of setting a new monthly record for revenue.

According to iGaming Ontario, the collection of Ontario online casinos gathered CA$318.5 million in revenue last month, finishing just shy of December’s record of $320.7 million.

A record $8.33 billion in wagers were received, which bested December’s previous high mark for Canadian iGaming of $8.27 billion

Growth Rates Still Lowering for Ontario

The online casinos in Canada’s province of Ontario are still seeing big year-over-year gains, but the rates of those gains are getting less and less.

As you can see over the last two quarters, the amount of growth year-over-year in revenue for a given month is getting smaller, as is the percentage.

• October 2025: Up $91.4 million (43.0%)
• November 2025: Up $90.4 million (43.5%)
• December 2025: Up $95.9 million (42.7%)
• January 2026: Up $77.9 million (33.7%)
• February 2026: Up $61.7 million (28.8%)
• March 2026: Up $76.8 million (31.8)

While Ontario iGaming doesn’t seem to be near a plateau in any regard, the drastic growth rates it saw in previous years are getting harder to maintain.

March still marks the third month out of the last four that Ontario has surpassed $300 million in iGaming revenue. It is the fifth out of six months it has reached at least $297 million.

As we reach these same months a year from now, it’s hard to see them continuing to jump up revenue by another $70-$90 million.

Peer-To-Peer Poker Sees Revenue Record

The peer-to-peer poker industry in Ontario hasn’t seen a lot of highlights like its online casino peers.

Revenue and wagers seemed to level off, even declining year-over-year in some months.

However, March saw the poker revenue reach a new record of $6.9 million.

The previous high was $6.8 million in August, but the next-highest total between these two marks was $6.3 million in November.

Along with the monthly record, the poker revenue grew by just under 3% compared to the $6.7 million it did last March.

What propelled this new record was $183 million in peer-to-peer poker wagers in March, a new record in its own right by a wide margin. Prior to March, P2P poker in Ontario topped out at $159 million way back in January of 2024.

Wagers were up 23.6% year-over-year compared to the $148 million the province did in March 2025.