Industry reporting estimates the Canadian segment at over C$4 billion annually, with the expected revenue generated by operators of C$5.5 billion in 2026. However, the more useful angle is the one based on verifiable data, and the strongest evidence remains Ontario’s official reports. While the benchmark figures come from this province, Alberta is emerging as the next market to keep an eye on.
Ontario Is the Best Proof Point for the Canada Growth Story
Ontario is the most advanced competitive regulated market for iGaming in Canada. It was officially opened on April 4th, 2022. Regular performance updates have been released since then by iGaming Ontario. The regulatory body for this sector is the Alcohol and Gaming Commission of Ontario (AGCO).
According to the 2024-25 annual report published by iGaming Ontario, the following was noted about the market performance:
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C$82.7 billion in wagers in the fiscal year 2024-25;
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C$2.9 billion in total gaming revenue in the same period;
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+32% in wagers and +31% in revenue
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50 operators and 2.6 million active player accounts in the fiscal year 2024-25.
Regulation Is Still the Main Driver
Regulation, mobile access, and demand are considered to be the primary drivers of growth. The Ontario numbers themselves offer support for the regulation argument most clearly.
iGaming Ontario found that 83.7% of gamblers it surveyed in 2025 reported playing at a regulated site. While this was down from previous readings, the agency stated the change was within its margin of error and above its yearly target.
That channelization measure implies that regulated sites are capturing a majority of real player spend.
Alberta Is the Next Market Signal to Watch
The next significant data point for Canada is Alberta. The iGaming system in Alberta is progressing with the introduction of the iGaming Alberta Act. Under it, the Alberta iGaming Corporation is to have the necessary powers to manage the private-market model.
The AGLC is already in charge of the registration process for the industry in the province. The industry players have to go through a dual process to be registered in the province, first with the AGLC for regulatory oversight and then sign a commercial agreement with the Alberta iGaming Corporation.
The Practical Read on What Comes Next
For Canada, those numbers are now the starting point, illustrating what a competitive and regulated market looks like in real numbers. Next is Alberta, and that market could provide insight into how quickly this model can be replicated (as well as what kinds of issues emerge when this infrastructure is built out in a different province).
If Alberta continues to demonstrate a smooth reporting model and high channelization, then the narrative of “Canada iGaming” takes on a familiar look and feel.
