In April 2022,Ontario sports betting and online casinos launched, but it wasn’t until late 2024 that monthly reports were available. Before then, iGaming Ontario, which administers legal, regulated gambling in Canada’s largest province, only released quarterly numbers.
OntarioBets.com brings you this guide to explain terms such as handle and revenue for mobile sports wagering and online casinos (also known as iGaming).
In 2024, sports betting – a category that also includes esports, props and novelty bets – accounted for more than $10.87 billion in handle, which is the industry term for total wagers accepted.
The companies offering Ontario sportsbook apps include major companies with name recognition across North America, including BetMGM, Caesars, DraftKings and FanDuel.
However, there are also dozens of operators that are either Canada-based or ones that made their name primarily in Europe, especially in the United Kingdom.
You can place a wager with any of those Ontario sports betting companies. Anyone interested can sign up and use their smart phone, laptop or desktop computer to wager.
The iGO administers online gaming in the province but the Alcohol and Gaming Commission of Ontario regulates legal wagering in the province, offering the most robust gaming market in Canada. The iGO is a subsidiary of the AGCO.
The same applies for Ontario online casinos, which draw more wagers than sports betting. For instance, in 2024, online casinos accounted for more than $65 billion in wagers.
Ontario Sports Betting, March vs. February
Total handle
Total revenue
March
$7.936B
$294.8M
February
$7.126B
$280.2M
Change
Up 11.4%
Up 5.2%
March set a record for total legal wagering in Canada’s most populous province, as Ontario online casinos and sportsbooks combined for nearly $8 billion CAD in handle.
The total combined betting handle (iGaming, sports and poker) for March was $7.936 billion, breaking the record of $7.838 billion set in January. Last month’s figure was also up 11.4% from February’s $7.126 billion, according to figures that Ontario iGaming reported on April 24.
March’s online casino handle throughout the province also set a record at $6.603 billion, up 8.9% from February ($6.066 billion) and about $69 million higher than the mark of $6.534 billion, set in December 2024.
The sports and other betting handle for March was $1.185 billion, up 27.4% from February ($930 million) and wagering on peer-to-peer poker rose 13.8% in a month-over-month comparison, from $130 the previous month to $148 million in March.
The total combined betting revenue rose 5.2%, from February’s $280.2 million to $294.8 million, and casino revenue set a record at $240.3 million. The latter figure broke the mark of $230.6 million, set in January, and was 12.3% higher than February’s $213.9 million.
Revenue at Ontario online poker apps was $6.6 million in March, up 37.5% from $4.8 million the previous month, while the lone category to saw a decline was sports and other betting revenue, which fell 22.1% from $61.5M to $47.9M.
Ontario Sports Betting Handle and Revenue FAQs
Sports betting and iGaming in Ontario launched in April 2022. Since then, it has become the largest regionalized gaming market in North America. The total market in the United States is larger than Canada but Ontario’s market has seen more handle than any state, with New York being the biggest legal market in the USA.
As of late 2024, iGaming Ontario issues numbers each month for wagering revenue and handle throughout the province. In the first two-plus years after the market launched, numbers were submitted quarterly. Monthly numbers are released 2-3 weeks after the end of each month.
The Alcohol and Gaming Commission of Ontario regulates legal wagering in the province. Its subsidiary, iGaming Ontario, administers legal online wagering for sports and casino games.
The money placed by bettors using online devices – such as desktops, laptops or mobile phones – is referred to as mobile sports betting handle.
Handle is simply the amount of wagers accepted each month. Anyone wishing to place a bet must be physically located within Ontario’s borders to wager. Revenue is the money that operators keep after they pay out winning bets. The province offers Ontario online poker in a peer-to-peer format as well as sports betting and casino games such as slots and other card games.
The veteran team of Ontario sports betting and casino experts behind OntarioBets.com help you find the best Ontario sportsbooks and online casinos that are right for you.
