29% Drop in Ontario Sports Betting Revenue in February

Got story updates? Submit your updates here. ›

Ontario's regulated iGaming market experienced a noticeable decline in February, with total cash wagers down 8% from the record $9.52 billion set in January. Non-adjusted gross gaming revenue also fell 15% month-over-month. The number of active players dropped 2% compared to January, and average revenue per active player was down 13%. Sports betting revenue saw a particularly steep 29% decline.

Why it matters

The February dip in Ontario's iGaming market performance, especially the 29% drop in sports betting revenue, highlights the volatility and seasonality of the industry. The Super Bowl is typically the high point for sports betting each year, so a decline after that major event is not unexpected. However, the overall strength of Ontario's regulated market is still evident, with total cash wagers up 22.5% year-over-year.

The details

Total cash wagers for the Ontario iGaming market in February were $8.735 billion, down 8% from the record $9.52 billion set in January. Non-adjusted gross gaming revenue fell 15% month-over-month to $342.4 million. The number of active players declined 2% to 1.298 million, and average revenue per active player was down 13% to $264. Sports betting revenue saw a particularly steep 29% drop to $61.3 million, while casino revenue fell 11% to $275.7 million and poker revenue declined 10% to $5.4 million.

• The Super Bowl was played on February 8, typically the high point for annual sports betting.
• The latest iGaming Ontario market performance report was released on March 26, 2026.

What’s next

An Ontario Court of Appeal ruling in November that would allow Ontario to offer international liquidity for online poker is currently being appealed to the Supreme Court of Canada by provincial lottery corporations.