Ontario’s iGaming market skilled a noticeable downturn in February, as whole income for the month fell by 15% in comparison with January, in accordance with figures launched by iGaming Ontario. After setting new data in January for each on-line on line casino and sports activities betting income, February’s outcomes confirmed a major cooling off available in the market. The full income dropped from CA$327.9 million in January to CA$280.1 million in February, marking a 15% lower month-over-month.
On-line on line casino dominates the Ontario market:
The downturn was most pronounced in sports activities betting, which noticed a 33% decline in income. Regardless of the hype surrounding the Tremendous Bowl matchup between the Chiefs and Eagles, sports activities betting income fell from CA$91.9 million in January to CA$61.5 million in February. This sharp drop in income, particularly after a historic efficiency the month earlier than, highlights the unstable nature of the sports activities betting section.
Whereas sports activities betting income took successful, on-line casinos remained the dominant pressure in Ontario’s iGaming panorama. The sector accounted for a staggering 76% of whole income in February, despite the fact that it too noticed a slight decline of seven% from the earlier month. On-line on line casino income fell from CA$230 million in January to CA$214 million in February. Regardless of this drop, February marked the third-highest income month for on-line casinos within the historical past of the Ontario market, trailing solely December’s CA$224 million.
The full wagers positioned on on-line casinos additionally dropped by 7%, amounting to CA$6.07 billion in February. Nonetheless, this determine represented a robust 85% of the full market deal with, underscoring the continued dominance of on-line casinos within the provincial iGaming sector.
In response to iGaming Ontario, the sports activities betting market’s 33% drop in income was coupled with a 21% decline in whole wagers, which fell from CA$1.2 billion in January to CA$930 million in February. Regardless of Tremendous Bowl LIX being held in February, sometimes one of many greatest occasions for sports activities betting, the full quantity wagered dropped considerably. Sports activities betting accounted for simply 13% of the full market deal with and 22% of whole income in February.
Equally, the net poker section additionally noticed a downturn, with income dropping by 14% from CA$5.6 million in January to CA$4.8 million in February. Poker’s share of the full market remained regular at 2%, reflecting its area of interest standing throughout the broader iGaming trade.
Ontario’s year-to-date traits:
Trying on the year-to-date numbers for 2025, on-line casinos have generated CA$444 million in income, whereas sports activities betting has introduced in CA$154 million, and poker has contributed CA$10.4 million. These figures reveal that whereas February skilled a slowdown, the general traits for the yr nonetheless mirror wholesome contributions from all sectors, notably on-line casinos.
The lower in sports activities betting income in February is a reminder of the cyclical nature of the market, the place efficiency could be closely influenced by particular occasions. The Tremendous Bowl, regardless of being a significant sporting occasion, couldn’t offset the final downward pattern in sports activities wagering that the market noticed in February.
As Ontario continues to develop its iGaming market, there stays potential for future fluctuations in income. The dip in February could possibly be attributed to a mixture of things, together with an absence of main sports activities occasions following the Tremendous Bowl and typical post-holiday season slowdowns. Nevertheless, the market’s total upward trajectory over the previous yr offers confidence that Ontario’s iGaming sector will proceed to get well and evolve.
