Ontario's Online Gambling Boom: A North American Leader in Revenue
Since Ontario opened its online gambling market in 2022, the province has become a global leader in revenue.
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Canada has historically had a liberal stance on online gambling, the market significantly evolved in 2022 with the introduction of iGaming Ontario, which licensed popular providers to enhance player safety and capture a share of the revenue generated by these platforms.
Ontario has established itself as a leading force in North American online gambling, ranking second in total revenue during its first three years of operation, according to recent data.
Ontario Residents Propel Online Gambling Revenue
Ontario residents generated $2.2B for online gaming platforms during the 2023-2024 fiscal year.
In the three years since it's been legalised, Ontario's online gambling industry has "surpassed" expectations, generating thousands of jobs and billions of dollars in revenue.
Ontario's iGaming Success: A Case Study in Regulation and Revenue
The province’s online gambling sector, launched in April 2022, has generated approximately $5.22 billion USD in revenue when excluding the Ontario Lottery and Gaming Corporation's (OLG) digital platforms, which are expected to boost figures further once included.
Michigan Leads the Market but for How Long?
Ontario's performance is impressive compared to U.S. states with similar open online gambling markets. Michigan leads with nearly $6 billion, followed by Ontario and Pennsylvania, which has about $4.1 billion in revenue.
Fig 1. Summary of Ontario's Online Gambling Revenue Performance (First Three Years)
Ontario Dominates North American Sports Betting Industry
Ontario surpasses Michigan, Pennsylvania, and New Jersey in sports betting, ranking first with $1.29 billion.
Fig 2. Breakdown by Sector (USD) Sports Betting:
For online casino gaming, Ontario ranks second behind Michigan.
Fig 3. Online Casino
Ontario - Undoubtedly a Major Player in the North American Gambling Hub
Ontario hosts over 50 operators offering more than 80 platforms, yet it remains underrecognized in the U.S. despite its strong market presence.
The province’s rapid growth and robust revenue figures underscore its position as a major North American online gambling hub.
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News WriterMost of my career was spent in teaching including at one of the UK’s top private schools. I left London in 2000 and set up home in Wales raising four beautiful children. I enrolled at University where I studied Photography and film and gained a Degree and subsequently a Masters Degree. In 2014 I helped launch a new local newspaper and managed to get front and back page as well as 6 filler pages on a weekly basis. I saw that journalism was changing and was a pioneer of hyperlocal news in Wales. In 2017 I started one of the first 24/7 free independent news sites for Wales. Having taken that to a successful business model I was keen for a new challenge. Joining the company is exciting for me especially as it is a new role in Europe. I am keen to establish myself and help others to do the same.
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