Counting OLG figures, Ontario’s total online gambling revenue likely exceeds $12.6 billion
The recent release of the Ontario Lottery and Gambling Corporations annual report for FY2024-25 allows us to add their figures to those from iGaming Ontario for a better total picture of the industry.
The Ontario Lottery and Gaming Corporation (OLG’s) fiscal year 2024-25 ended nearly a year ago on March 31, 2025, but we finally have the public release of the OLG annual report for that period to gauge the health of the provincial gambling operator.
The OLG is a major player in the province, and its numbers also give us a more complete revenue picture of the entire Ontario online gambling sector.
OLG numbers are reported separately and are not included in those figures released by iGaming Ontario (iGO), which oversees all the other online operators.
Add the figures together, and the OLG has produced total revenue just from its combined online casino and online sports betting operations of $1.544 billion from the open sector’s launch in April 2022 through March 31, 2025. The OLG had online casino and sports betting revenue of $451 million in FY2022-23, $508 million in FY2023-24 and $585 in FY2024-25. That’s an increase of 12.6% from year one to year two and an increase of 15% from year two to year three.
If you take the $1.544 billion and add it to the $7.07 billion in revenue reported by iGO for the open sector from launch through March of 2025, the total provincial online gambling sector was worth $8.6 billion by that point.
For fun, since the OLG numbers are a year old, let’s do some projections as to what that means for total sector revenue since launch.
The average monthly revenue for the OLG’s combined online casino and sports betting platform was $48.75 million in the most recent fiscal year. Since the OLG’s platform increased revenue by 12.6% and 15%, respectively, in the first two fiscal years, let’s add in a conservative increase of 10% to the average monthly revenue for FY2025-26, so far. That bumps the $48.75 million per month up to an estimated $53.63 million.
If that revenue has remained steady, that means the OLG’s online platform will have earned an additional $536.25 million in the 10 months from April through January of 2026, which is the most recent month for which we have iGO data.
Add everything together and, since the launch of the open, regulated market, Ontario’s total online gambling revenue has been approximately $12.68 billion through January of 2026, counting $10.6 billion from the iGO sites and $2.08 billion (est.) from OLG. Also, remember, the OLG returns all of its proceeds to the province.
Note, we left out the OLG’s online lottery numbers (iLottery) in these calculations since it is the only operator able to offer that product.
Also, these numbers and estimates tell us the OLG makes up more than 16% of the total online gambling market in the province, which is really remarkable considering the OLG went from being the lone online operator before the launch of Ontario’s open and regulated sector, to having competition from some 50 operators offering more than 80 gambling platforms.
But let’s get back to the specifics in the OLG’s annual report for FY2025-25.
In terms of revenue, lottery was down 2.8%, retail gambling was up marginally (2.4%), and digital gambling was up 16% from $630 million in 2023-24 to $731 million in 2024-25.
Total revenue was up 2.3% from $4.69 billion in 2023-24 to $4.8 billion in 2024-25. It’s clear the growth in digital gambling revenue helped drive the marginal gain overall. Still, digital gambling only made up 15% of the OLG’s total revenue pie.
The net profit to the province from the OLG’s digital gambling FY2024-25 was $417 million, an increase of $89 million or 27% compared to the prior fiscal year.
It’s important to note that the OLG’s numbers are a little more complicated than those of other operators because it has an iLottery division that is counted under its digital gambling wing.
Still, revenue was up both for the OLG’s iLottery product and its combined online casino and sports betting product. Revenue for iLottery was up 19.7% from $122 million to $146 million. Revenue for combined online casinos and sports betting was up 15% from $508 million to $585 million.
“As an organization, we navigated the ongoing challenges of continuing economic headwinds and a rapidly evolving gaming market, while effectively managing costs to deliver a strong return for the Province of Ontario,” said OLG president and CEO Duncan Hannay in a statement in the annual report. “In fiscal 2024-25, OLG delivered $2.2 billion — or over $2.4 billion when excluding a one-time provision — in Net Profit to the Province (NPP). This adjusted NPP is up 3% over the prior year and is in addition to the more than $1.3 billion of support we provided to Ontario First Nations, our host gaming communities, Ontario charities, Ontario’s horse racing industry, and more.”
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Memo to Alberta gaming leadership: Not so fast, Kaputnik
As has been reported in several dispatches, and during our conversation with Dan Keene on a recent episode of the Gaming News Canada Show presented by Bede Gaming, the folks tasked with creating Alberta’s open sports betting and igaming marketplace are rather hot to trot for a spring/summer launch.
Four words of advice for those same folks: Not so fast, Kaputnik.
In the humble opinion of your friendly neigbourhood editor-in-chief, there are several reasons for the creators of the new regulated industry to take a breath and then proceed with diligence and deliberation. They include:
- Forget about focusing on having a sportsbook up and running in time for the FIFA World Cup (which starts June 11), the start of the CFL regular season, the championship series in the NHL and NBA, the Wimbledon tennis championships, the U.S. Open golf tournament, etc., etc. etc. As iGaming Ontario has consistently reported almost since market launch in April 2022, sports betting accounts for approximately 15% of player activity with online gaming north of 80%. We expect it will be a similar story in Alberta. Also, operators will want to test their sportsbook products – the ones that take the time and effort to understand the province’s bettors will tailor their products accordingly – to ensure being ready for launch day.
- On the GNCS, Keene spoke about the current hiring spree by Alberta iGaming Corporation (AiGC). It’s a safe . . . er. . . bet those new hires will require training that goes beyond having the access code for the office doors and washrooms and reading the Code of Conduct. Find the right people and give them the proper training to hit the ground running (and not crying) when the market launches.
- As Tom Nightingale reported back on Feb. 26, AiGC is in the process of hiring a Chief Compliance and Operations Officer, a Chief Information Officer, a Chief Financial Officer, and a Director of AML. All quite important positions and the CIO will be responsible for nailing down many of the corporation’s technology requirements. We’ve heard frequently from operators and others attached to the Ontario market about frustration with iGaming Ontario’s reporting asks and technology shortcomings, and we wonder if there can’t be some synergies between iGO and AiGC when it comes to reporting.
- While the Alcohol and Gaming Commission of Ontario and iGO earned praise for getting the market going in the spring of 2022, it came with some other problems. On top of what we mentioned in the previous section, there was confusion in the early days about the operators’ oversight of affiliate marketing companies to ensure customers were only offered bonuses once they registered and were approved for an account. Four years later (as of next month), there’s still no centralized self-exclusion program, which lend a hand to all stakeholders in Ontario when it comes to getting a firmer hand on problem gambling. And, although it’s not a black-and-white issue given the economic landscape and the COVID-19 pandemic in 2022, the wave of gambling advertising created a backlash that the AGCO would help to address by banning current athletes from appearing in gambling ads (unless they were advocating for responsible gaming).
- Finally, the Criminal Code of Canada does allow for provinces to collaborate when it comes to online poker and daily fantasy sports. So, while three provincial lottery and gaming corporations are appealing to the Supreme Court of Canada a decision to allow Ontario to offer peer-to-peer online games, it would be perfectly legal for Ontario and Alberta to get together. And we expect going down that road will take some time.
This message isn’t meant to be of the Donny Downer sort, but simply a suggestion that slow and steady is a long-term path to a vibrant industry with the necessary checks and balances.
RGC responds to results of CMAJ study
In our coverage last week of the Canadian Medical Association Journal study into the use of ConnexOntario by concerned bettors and players of online games, we mentioned reaching out to the Responsible Gambling Council for its response.
The RGC communications provided last Thursday???? answers from president and CEO Sarah McCarthy to our emailed questions:
Gaming News Canada: Does the RGC monitor the use of problem gambling helplines, and if so, how has that guided the council’s policies and programs?
Sarah McCarthy: RGC draws on multiple evidence sources to inform everything we do, from research and data to community consultation and direct engagement with those most affected. ConnexOntario data is one important input, and it directly shapes how we develop and refine our programs. One example is a Public Service Announcement we’re releasing at the end of this month focused specifically on young adult gambling harms and connecting people with the support they need. The recent Canadian Centre on Substance Use and Addiction (CCSA) study very much informed the direction of this campaign as well.
GNC: Are you hearing more stories about gambling harms and addictions in your work with schools, parents and others connected to youth?
SM: RGC is present in schools, at conferences, and embedded in communities, and through this work there has been a recurring theme of youth and young people being impacted by gambling. We work closely with the Ontario Provincial Police (OPP) and community organizations, and we are currently partnering with Greo Evidence Insights to develop a comprehensive youth gambling prevention strategy set to launch in May. We also recently launched Beyond the Game, a free training module designed for high-risk student athletes. The demand for this kind of work continues to grow, and we’re committed to meeting it.
GNC: Does the RGC provide support to organizations such as ConnexOntario?
SM: ConnexOntario is an important part of the ecosystem we work within. Both organizations receive funding through the Ontario Ministry of Health (MOH), and that shared mandate means we work collaboratively to support people across the province. Beyond Ontario, RGC takes the same collaborative approach in any jurisdiction where we operate, working alongside communities, industry, government agencies, and service organizations to ensure that gambling never comes at a human cost.
GNC: Is there anything in the CMAJ study that’s of particular concern to the RGC?
SM: The findings are consistent with what we’ve been seeing in the field, and they reinforce the urgency of our work. The fact that adolescent boys and men aged 15 to 24 showed a significant increase in calls to ConnexOntario, and that men accounted for 68.2% of gambling-related contacts, tells us that prevention and accessible support for this demographic needs to be a priority.
As gambling markets continue to expand across Canada, these findings point to a clear and growing need for centralized, accessible support infrastructure. Ensuring that help-seeking tools like self-exclusion, harm recognition resources, and regionalized information are aligned with the actual needs of the population is something RGC considers a high priority. The right supports need to reach the right people, in the right place, at the right time.
The annual gathering of the Canadian gaming industry in our home and native land has a new name, but is bringing back the best and the brightest minds for the SBC Summit Canada.
The Metro Toronto Convention Centre is once again the site for the 2026 summit, to take place May 19-21. Register today using the PARLEHPARTNERVIP code and receive a 40% discount on your VIP pass.
Nic Sulsky on the latest GNC Show
Former PointsBet Canada executive Nic Sulsky – who left the operator nearly two years ago to start The Curling Group with partner Mike Cotton – joined host Steve McAllister on the most recent Gaming News Canada Show.
Sulsky’s appearance comes 30 days before the inaugural event of the Rock League at the Mattamy Athletic Centre in Toronto.
Since creating The Curling Group, Sulsky and his colleagues have acquired the Grand Slam of Curling from Sportsnet, given that series a major makeover and created Rock League – a series with six mixed-gender teams featuring the best players from around the world.
Sulsky spoke about the impact of the Milan/Cortina Games curling event on the sport and its athletes, the feedback he has received from the athletes on The Curling Group’s promotional efforts (including the ultra-popular Grand Slam of Karaoke), the continued efforts to grow the game around the world, and sports betting’s place within TCG’s marketing strategy.
You can listen to the show here or watch it here:
People on the Move
Given the recent announcement of layoffs in the North American gaming industry, we’re highlighting the industry’s Reverse Job Board created by Dustin Gouker to be used by employers and people seeking their next gig.
Sportico’s Dan Bernstein first had the news last week that Mike Raffensperger is leaving FanDuel after eight-plus years, most recently as President of FanDuel Sports.
Nikolakopoulos Nikos will step down March 16 as President, Lotteries at Intralot. Nikos, who has been with the company for more than 20 years, will continue to be involved as a Non-Executive Director. Current COO Chrysostomos Sfatos will take over Nikos’s current role and responsibilities.
Neosurf names Laura Moore as Chief Strategy & Operations Officer.
Andrew Walter departs his Director of Sports Betting gig with the Connecticut Lottery Corporation to become High Roller Technologies’ Chief Legal & Compliance Officer.
Ashley McCulloch, ex of Light & Wonder and Inspired Gaming Group, is appointed Vice President, North America at Evoplay.
Mike Quigley steps down as Chief Marketing Officer at PrizePicks.
Norbert Ellul is named Head of Legal, Commercial – Does Europe at Evolution.
Jimi Chuang is promoted to Head of EMEA at JDB Gaming.
Louise Mouton Tingager is appointed Head of SiGMA Nexus Elite.
ComeOn Group names Caroline Soderstrom as Senior People Strategy Lead.
Kristi Lewis has a new title at Paramount Commerce: Vice President of Marketing and Industry Relations.
Penn Entertainment promotes Rachel Gundy to Vice President, Core & iCasino Products.
Amos Adler moves up the ladder to Vice President of Growth at SciPlay.
HEROIC names Sam Malloy as Head of Commercial.
Magali Huot is leaving her Senior VP, Global Gaming Strategy position at dentsu to join Netflix as Director, Games Marketing – Maintstream Games.
Kurt Selander is named Vice President of Artificial Intelligence at ALT Sports Data.
Light & Wonder promotes Mark Howell to Managing Director – EMEA and Mark Clohessy is named Senior Director of Product Management.
Ira Kates, ex of Sports Interaction, is appointed Director of Marketing – International at Hard Rock Digital.
Parx Casino promotes Chantelle Parker to Director of Regulatory Compliance.
Andrea Mejia is out as Marketing Manager – Canada at LeoVegas Group and Sam Leggott is leaving as Director of Gaming Operations.
North American gaming biz veteran Steve Spindler, who left Soft2Bet as its Canadian Country Manager last month, is named North America Sales Advisor for Gamanza Group AG. Andrei Issakov is joining the CRM platform and gamification company as Regional Sales Advisor – Europe.
Brittani Johnson, formerly of Dexerto, joins Edelman as Vice President of Creator Marketing.
After almost eight years, most recently as Global Director of Business Lines Growth, Jamie Pinner departs FairPlay Sports Media. Deborah Brocklehurst leaves Casino Kings to become a Partnerships Manager at FairPlay.
Francois Desir has a new title with the Esports World Cup Foundation: Director, Sponsorships & Advertising.
Eilers & Krejcik Gaming promotes Malyssa Hinds to Senior Manager – Game Performance & Analytics.
Arina Ilyushina, ex of Ellevate Gaming and Mascot Gaming, is appointed Senior Manager – Strategic Market Development (North America) at Continent 8 Technologies.
FanDuel continues with its promotions push with Mike Prinzivalli being named Vice President, Media, Allison Baritz becoming Senior Manager, Brand Strategy, Billy Whedon to Senior Data Analytics Manager – Responsible Gaming and Nina McClellan to Senior Director, Consumer Insights. Mitch Robson leaves the company and his role as Brand & Content Integration Strategy Manager. Also, Mark Fisher is promoted to Senior Associate, Media Partnerships. Ellis Williams moves into the role of Senior Manager, Marketing Technology & Operations.
At FanDuel Canada, Tahia Afroze is promoted to Director, Commercial & Retention Strategy,
Maria Petkova has a new role at DraftKings as Risk Operations Specialist. Ivo Nikolv is named Lead Trader, U.S. Sports. Deren Guidara is promoted to Senior Corporate Counsel and Drew Husted is elevated to Senior Manager, Compliance.
Caitlyn O’Driscoll, ex of Hamilton Sports Group, joins Bet99 as Marketing Operations Website Coordinator.
Caleb Tallman, ex of Gaming Innovation Group, joins Growth Leads as a Product Owner.
Former CFL Commissioner Randy Ambrosie is named President/CEO at Siksika Group of Companies.
Former Milwaukee Bucks senior executive Sumathi Thiagarajan is appointed Executive Vice Presidents, Insights at Elevate.
Nicole Herchell Finch is promoted to Account Director, Partnership Marketing at CFL HQ. Also, Mike Cathcart is promoted to Senior Manager, Global Partnerships.
Karine Zanier is leaving CIBC and her role as Director, Experiences, Events and Sponsorship.
Truth North Sports + Entertainment promotes Joshua Jerome to Senior Manager, Partnership Integration.
Skye Angus bids adieu to the University of Guelph after more than 20 years to become the Associate Director, Athletics at McMaster Athletics & Recreation.
Gracie Brison is named National Athlete Marketing Manager at Red Bull Canada.
Classified (Jobs) Information
On the Home Front
In Toronto, Hard Rock Digital is hiring a Senior Manager – Risk Operations and a Manager – Payments & Fraud.
BetMGM has a remote opportunity in Ontario for a Marketing Manager.
Wanted by Atlantic Lottery: a Lead UX Designer.
Legend has a hybrid opportunity in Halifax for an App Developer.
OLG is seeking a Digital Infrastructure Manager.
Delta Casino is on the lookout for a Compliance Manager, iGaming.
The Saskatchewan Indian Gaming Authority is looking for an Accounting Services Manager.
Incline Gaming Marketing is searching for a Digital Media Buyer/Junior User Acquisition Analyst.
The Canadian Hockey League has its eyes and ears open for a Director, Technology & Digital Strategy.
Red Bull has an opening in Toronto for a Social Content Producer.
South of the Border
Caesars Entertainment has an opening in Las Vegas for a Vice President, Brand Strategy & Marketing – Corporate.
FanDuel’s New York offices have room for a Regulatory Senior Associate. And in Jersey City, there’s an opening for a Senior Trader (Emerging Sports).
Penn Interactive has a remote opportunity for a Senior Events Specialist.
Paysafe has an opening in Jacksonville, Fla., for a Technical Marketing Specialist.
Jersey Road Talent is hot on the recruiting trail.
Minute Media requires a Vice President, AI Business Development & Strategic Partnerships.
Major League Soccer is in the market for a Director, Content – MLS NEXT Pro.
Major League Baseball has a position available in its Video Games and XR department.
NHL HQ has a hybrid opening in New York for a Manager, Marketing (Canada & International Rightsholders) and a Manager, Marketing (U.S. Rightsholders).
Across the Ponds
Electronic Arts is hiring a Partnerships Marketing Director for EA Esports.
ThrillTech is on the hunt for a Senior Legal Counsel.
Bally’s Interactive is looking for a Casino Promotions Executive to work in Ceuta, Spain.
Also in Espana, Superbet is hiring a Director of Commercial Partnerships, Gaming.
SOFTSWISS is seeing a Senior AI Solutions Analyst.
Snap Inc. is hiring in London a Client Partner – Real Money Gaming.
Caesars Sportsbook & Casino is searching for a Product Manager.
FairPlay Sports Media is on the lookout for a Content Writer – Sports Betting.
RAW iGaming is in hiring mode for a Senior Game Artist.
The Invictus Games Foundation has an opening in London for a Head of Communications and Marketing.
World Rugby is in the market for a Head of Venue & Event Delivery.
Reading and Reflection
Tom Nightingale had more on the shuffling of Bragg Gaming’s senior executives deck for Canadian Gaming Business.
Nightingale also tinkled the keyboard on the announcement by Betty yesterday that its acquisition of Kirkland Lake Bingo Hall in northern Ontario will boost the launch of its iBingo business.
Great Canadian Entertainment has announced another sale of a British Columbia casino.
Jesse Learmonth, with a helping hand from former Pinnacle CEO Paris Smith and industry investor Magnus Hedman, is creating a new investment arm for his BettingStartups business.
A high school in Oakville, ON, just west of Toronto, is opening what it’s calling the first secondary school esports venue in our home and native land.
It’s a no-go for developers wanting to build a casino in the Lake Huron community of Grand Bend, ON.
Declan Hill was Tony Chapman’s guest on the Canadian marketing guru’s Chatter That Matters podcast.
Jeff Edelstein has an insightful read on the “world of market makers” for InGame.
AJ Moore wrote for InGame on the evolution of sports betting content in the U.S. of A.
ICYMI, a recent poll by the Deseret News/Hinckley Institute of Politics revealed a disturbing consensus around match fixing. More here from Dustin Gouker in The Closing Line.
Meanwhile, a report prepared by the Dutch regulator’s Sports Betting Intelligence Unit, showed more athletes bet on their own sports last year.
A survey showed almost one in six Swedes did some online gaming in 2025, some on unlicensed gambling websites.
Front Office Sports journo Ben Horney dug deeper into the motivation behind significant job cuts last week at Underdog.
You’ll need a subscription to the Wall Street Journal to read this deep dive by four reporters into prediction markets and their connection with U.S. college campuses.
There’s a breakdown on LinkedIn on Spanish authorities last year tearing down a criminal group responsible for a large-scale fraud scheme around online betting platforms.
Betr is the latest American operator to take the Nestea plunge into prediction markets.
Meanwhile, the relationship between DraftKings and ESPN is moving to the next stage just in time for March Madness.
Public health folks in Massachusetts aren’t really keen on legal online gaming coming to the state.
The fight by casino workers in Atlantic City to have smoking banned within gambling venues is being taken to the New Jersey Supreme Court.
Genius Sports made public its latest financials last week, this one for the 2025 fiscal year.
Michigan’s Attorney General has taken legal action against Kalshi.
Speaking of the prediction market, CEO Tarek Mansour spoke with Wired to make the case that his company’s product isn’t of the gambling variety.
But . . . Roger Gros, writing for GGB Magazine, says prediction markets are gambling sans guardrails.
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