Ontario’s regulated iGaming market generated CAD 405.4m in non-adjusted gross gaming revenue in April 2026, up 29.4% year-on-year from CAD 313.1m, according to iGaming Ontario’s latest monthly report. Total cash wagers across online casino, sports betting and peer-to-peer poker reached CAD 9.3bn, a 19.5% increase from CAD 7.8bn in April 2025.
Growth rate moderating as market matures
The 29.4% year-on-year gain continues a pattern of decelerating growth. Year-on-year revenue growth exceeded 40% in each of the final three months of 2025; the rate has not cleared 34% in any month of 2026 so far. The absolute increase, approximately CAD 92m year-on-year, remains substantial, but the market is four years from its April 2022 launch and the comparative base has grown considerably.
Q1 2026 already set a quarterly record: operators collected CAD 1.13bn in revenue from CAD 27.8bn in total wagers, the highest quarterly result since launch. Month-on-month, total wagers fell 3% from March’s CAD 9.6bn while revenue rose 5% from CAD 387m, a divergence consistent with a higher hold rate across the product mix.
Online casino retains dominant position
Online casino accounted for CAD 314.1m of April revenue, 77% of the market total, though the figure was down 1% from March. Casino stakes totalled CAD 8.1bn, also down 2% month-on-month. The vertical’s revenue share has ranged between 77% and 82% in recent months, reflecting the volume of casino activity and a structurally higher margin profile relative to sports betting. Michigan’s iGaming market, which preceded Ontario’s open-market launch by roughly a year, has similarly reported online casino as the overwhelming majority of operator revenue.
Sports betting rebounds 40% month-on-month
Sports betting revenue reached CAD 86m in April, up 40% from CAD 61.6m in March, lifting sports betting’s share of total market revenue from 16% to 21%. Handle came in at CAD 1.05bn, down 3% from the prior month, meaning the revenue increase was driven by margin rather than wagering volume. The segment draws on a licensed pool that includes FanDuel, operated by Flutter Entertainment, alongside BetMGM and DraftKings. The gap between sports betting and casino revenue reflects both the number of casino-only operators in Ontario’s pool and the difference in margin rates.
Poker declines after record March
Peer-to-peer poker generated CAD 5.3m in April, down 24% month-on-month and representing 1% of the total market. Stakes fell 30% to CAD 128m. The decline followed an exceptional March, when poker recorded its strongest monthly handle on record at CAD 183m and revenue of CAD 6.9m. P2P poker operates on a closed, province-only basis; a Supreme Court of Canada appeal case involving nearly every provincial government could broaden the player pool, though no ruling has been issued.
Player account metrics
Average revenue per active player account was CAD 321 in April, up 3% from March and 11.8% from CAD 287 in April 2025. With total market revenue up 29.4% year-on-year over the same period, the gap indicates the active account base expanded faster than per-account spend.
Alberta launch in July
Alberta’s provincial government confirmed on April 1 that its commercial iGaming framework will go live on July 13, 2026, following the same dual-authority model Ontario established four years ago. DraftKings, FanDuel and BetMGM have all confirmed plans to launch in Alberta at or shortly after opening. JMP Securities estimated in 2024 that Alberta’s gambling market could surpass CAD 700m annually under full private-operator competition. PlayAlberta, the current government-run platform, generated CAD 275m in net sales in 2025; provincial surveys indicate it captures only 23% to 32% of total market activity. Whether Alberta’s revenue distribution mirrors Ontario’s casino-dominant pattern will be a closely watched data point in the second half of 2026.
Source: iGaming Ontario
