Data released by iGaming Ontario (iGO) for June 2025 showed a 10% drop in total cash wagers from $8,066 to $7,259 million.
For June 2025, the Total Non-Adjusted Gross Gaming Revenue (NAGGR) reduced by 9% to $306.8 million. The average wager per active account also dropped 4% to $303 from $316. Also down was the number of active accounts, dropping 5% from 1068 accounts to 1013.
Every metric showed a negative trend. With that, the question arises: summer slump or a sign of a trend to come? We’ll answer the question below.
Summer Slump, or a Sign of a Trend to Come?
No need to panic; it was simply a summer slump. We’ll go into our theories of what caused it further along in the article.
The most recent numbers were released by iGO for July 2025. They showed upward trends again, although some markers haven’t recovered to the numbers they were. Total cash wagers went up 4% to $7,563 million. That still doesn’t recover the pre-slump May number of $8,066 million, but it’s back on the rise.
The NAGGR also increased by a mere 1% to $311.0 million, which is still below May’s numbers of $338.0 million. Still, it could be the beginning of a positive upward trend. The number of active player accounts is still falling, down from 1068 in May to 948, a further 6% loss added to June’s 5%. Despite that, the average wager per active account increased by 8% to $328, recovering June’s drop and exceeding May’s high of $316.
So, there you have it. Pretty much every metric recovered, other than the number of active accounts. And that didn’t stop the average wager from increasing close to that last player account peak of August 2024, when the average account wagered $332.
Ultimately, the top online casinos in Ontario remain competitive and successful and are poised to continue that way, steadfast against economic changes. This short-term trend may be a slight surprise, but the bigger-picture trend is as expected by the expert Jemma McColgan, detailed in her article on Casino.org, which details that the ACGO wants 90% of the province’s playerbase to be using regulated online casinos in Ontario by 2027.
Previous 12 Months iGaming Ontario Market Performance Trends
Ontario’s growth market is experiencing impressive growth trends. The market kept climbing to new heights in 2024-25: total online gross gaming revenue for the fiscal year reached CA$3.20 billion, up 32% year-on-year.
Each quarter was bigger than the last. For example, Q4 2024 (Jan–Mar 2025) set a record with $903 million in revenue (a 23.7% increase) and $22.9 billion in wagers, capping off the year’s total of $82.7 billion wagered (31% higher than the previous year).
Likewise, starting in early 2025, the province began regularly hitting $300+ million in NAGGR each month. In fact, April, May, and June 2025 marked the first time Ontario saw three straight months above CA$300M. May 2025 set a record at about $338M.
Those are the key metrics, and they’re not looking bad.
What Might Have Caused the June 2025 Dip?
Considering the market did perform so well, we can assume the June 2025 dip was nothing more than a blip. These things happen in every market.
According to Gambling News, a “summer slowdown” traditionally sets in around June. Many Ontarians take holidays or spend time on outdoor recreation in early summer. That leads to fewer people actively gambling. The data support this, with the number of active player accounts dropping by 5% in June. Holidaymakers were absent from the apps, and with fewer players logging in, it’s natural that wagering and revenue would dip relative to May’s highs.
Then again, it doesn’t really explain why July picked up. To contradict what we said, it could be for the same reason. According to the Ontario School Calendar website, schools in Ontario finish on June 30th, meaning more parents are likely to take some holiday to stay at home and look after the kids. There are more people with ‘free time,’ although parents will definitely say it isn’t free time, who can log into iGaming platforms.
How Fast Is the iGaming Market Growing in 2025?
Despite periodic slowdowns, Ontario’s iGaming market in 2025 is still growing at a rapid pace when looking at year-over-year metrics. We already mentioned the 32% year-on-year increase recorded in April 2025. For context, Ontario’s first year of regulated online play (Apr 2022–Mar 2023) generated about $1.4 billion in revenue, the second year ended in Mar 2024 and reached more than $2.4 billion, and now the third year has hit $3.2 billion.
Looking at 2025’s monthly data, the trend is clear. Each month of 2025 has brought significantly higher revenues than the same month in 2024. For example, June 2025’s NAGGR ($306.8 million) was about 27.9% higher than June 2024’s.
If the numbers keep increasing like this, Ontario is heading towards being the biggest and most well-regulated market in iGaming across America.
The Most Exciting Trends for the Market
There are some exciting trends emerging in 2025. The top ones to watch include:
- Online casino dominance
- More live, interactive online casinos
- The rise in spend per player
- The overall maturation and growth of the market
June’s low numbers shouldn’t cause a panic: they’ve pretty much recovered already. It’ll be interesting to see how the numbers finish at the end of the next fiscal year in 2026. At the rate we’re going, Ontario’s iGaming market will have one of its most successful and profitable years to date.