Ontario iGaming Surges to Record $406 Million Revenue High in November

iGaming Ontario’s (iGO) latest monthly numbers, reported on Wednesday, show that gamblers placed a total of $9.33 billion in cash wagers in November, a new all-time monthly record. That total handle was up 1% from the previous record of $9.25 billion set one month prior in October, and is 25% ahead of where it was in November 2024.

While handle tickled up slightly, revenue took a big jump, rising 10% from October’s previous high of $367.7 million to reach $406.2 million. In the aggregate, Ontario’s licensed iGaming operators made 39% more revenue than they did in the same month of 2024.

There was also a new monthly record number of active player accounts, which hit almost 1.3 million in November, 1% ahead of October. This time last year, there were 286,000 fewer active accounts. Average revenue per active player account was $313 in November 2025, higher than September or October and up 9% year over year, but short of the all-time high of $332.

Sportsbooks’ luck takes turn for the better

It’s been a rocky year for Ontario’s online sportsbooks, to a certain extent. While the level of customer wagering on sports will always change with the sporting seasons, operators’ revenue from sports betting had been lower than in the corresponding month in 2024 in five of the previous 10 months of the year.

But November was a booming month as sports betting NAGGR leapt to $102.0 million, marking the best month that sportsbooks have enjoyed since the Ontario market opened to commercial brands in April 2022.

Sports betting revenue hit nine digits for the first time and the total was a nearly 11% increase on the previous monthly record of $92 million set in January 2025. November’s number was also up 75% from October and 29% year over year. Numerous U.S. states have shown a similar pattern, suggesting that sportsbooks found sports results to be more favourable than this time last year.

Sports betting handle was $1.25 billion, yet another new monthly record and a fractional increase over November 2024.

Online casino handle beats its own record again

With a new monthly-high handle of $7.95 billion and revenue of $298.0 million, online casino continues as the primary driver of the market. But while it again comprised 85% of total monthly handle, its revenue share fell from 83% in October to 73% in November as sports betting revenue accounted for 25% of total revenue, its largest share since January.

Online P2P poker, ring-fenced to within Ontario’s borders for the time being, continues to make up a minuscule proportion of iGaming in the province, with a handle of $129 million and NAGGR of $6.3 million.

All-time tax revenue nears $2 billion

In the regulated Ontario iGaming market’s lifespan of more than three and a half years, provincial gamblers have now placed more than $247 billion worth of cash wagers across the dozens of licensed online casinos and sportsbooks.

November’s all-time NAGGR record brought operators’ total combined revenue since Ontario opened its doors to $9.78 billion. Given that Ontario taxes all iGaming activity at 20%, the government has reaped just short of $2 billion from regulated iGaming since allowing commercial operators to compete with Ontario Lottery and Gaming (OLG).

iGO’s numbers do not include online gambling activity on OLG’s platforms. As of the time of writing, the iGO-managed regulated market hosts 48 commercial iGaming operators running a total of 82 websites. November’s records came despite recent exits from the market, including Wildz Group shutting down its four sites in the province and Aristocrat Interactive white-labeled Betiton and MagicRed Casino also ceasing business.