Ontario’s online casino market took a step back in February after its record performance in January, according to iGaming Ontario’s (iGO) latest figures.

The gaming agency has released its monthly market performance summary for February 2025 with Ontario’s iGaming market posting a month-over-month decline in both total wagers and gross revenue.

Last month, the iGO reported CAD $7.1 billion in total cash wagers, a 9% decline compared to the all-time record $7.8 million posted in January 2025. The cash wagers generated $280.1 million in non-adjusted gross gaming revenue in February 2025, down 15% month-over-month. January’s $327.9 million was the first month in which regulated Ontario operators had smashed the $300 million monthly revenue ceiling.

Player accounts keep growing

However, year-over-year results are still up significantly. Handle climbed 26.9% from $5.6 billion and non-adjusted gross gaming revenue was up 32.5% from February 2024.

Although revenue and handle both fell from January’s record, Ontario’s number of active player accounts continued to grow. iGO reported 1,129 monthly active player accounts in February 2025, a 2% increase from January and a 23% growth from a year ago.

Average revenue per player account was at its lowest in a year, at $248, but still up from last February’s $232.

Sports betting revenue falls by one-third from January high

Casino gaming continues as the most popular wagering category in Ontario, making up 85% of handle and 76% of revenue. The vertical reported $6.1 billion in cash wagers in February 2025. That was the lowest total since September 2024 and a 7% decline from January but a 30.5% year-over-year jump.

Last month, gross gaming revenue from casino gaming closed at $213.8 million, up 30.5% year over year. Casino gaming in Ontario includes slots, live dealer and computer tables and peer-to-peer bingo.

Sports betting was more modest, with wagering handle of $930 million down 21% from the all-time record in January and up 12.6% year-over-year. Betting revenue fell by 33% from January to $61.5 million, but is up a healthy 45.4% from last year. Ontario’s betting market includes sports betting, esports, novelty wagers and props.

Change of plans by iGaming Ontario

iGO has released its February results as part of a change in how it publishes market performance reports. The agency previously reported results just once a quarter before changing its publishing schedule to once a month mirroring practices from U.S. regulators.

Earlier this year, iGO told Canadian Gaming Business that the adjustment “is the result of our decision to be more transparent by sharing aggregate revenue and market insight figures more frequently, and in a format that is easier to ingest and analyze.”

The agency has no plans to provide the public with data from each licensed operator.