Record Sports Betting Revenue Drives Ontario Sportsbooks to New Heights in January – 10BET
Record-Breaking Sports Betting Revenue Drives Massive Growth for Ontario Sportsbooks in January
Ontario’s online gaming market experienced its most profitable month ever in January, driven largely by the explosive surge in sports betting activity. The release of monthly financial snapshots by iGaming Ontario provides valuable insights into how this passion for sports betting is reshaping the evolving landscape of the province’s iGaming industry.


Record-Setting Month for Ontario Sportsbooks
January marked a significant milestone for Ontario’s online gambling market, with sportsbooks generating an impressive CAD $91.9 million in gross gaming revenue (GGR). This figure represents the highest revenue ever recorded for a single month in the province.
Total Wagers and Revenue
In January, Ontario’s online gaming market saw a total of CAD $7.83 billion in wagers, a slight increase from the previous month’s CAD $7.81 billion. The total non-adjusted gross gaming revenue reached CAD $327.9 million, marking a substantial 22% increase compared to December’s CAD $269.3 million.
Sports Betting Surge
The sports betting sector was a key driver of this record revenue. Wagers in this segment amounted to CAD $1.182 billion, capturing a 15% market share – a 4% increase from the previous month. The GGR from sports betting reached CAD $91.9 million, securing a 28% market share and an astounding 134% month-over-month growth. This impressive performance surpassed the previous record of CAD $1.2 billion in GGR set in November 2024.
The recent release of monthly financial reports by iGaming Ontario, a shift from quarterly reporting, allows industry observers to closely monitor market trends and performance fluctuations. This provides a more granular view of the dynamic online gambling landscape in Ontario.
Casino Gaming Remains Dominant
While sports betting saw significant growth, casino gaming continues to hold the largest share of the Ontario online gambling market. Active player accounts increased to 1.105 million in January from 1.025 million in December. Casino cash wagers reached CAD $6.5 billion, representing an 83% market share. The revenue generated from casino games stood at CAD $230.4 million, accounting for 70% of the total online gambling revenue – a modest 3% increase from the previous month.

Poker Market Stability
The poker market experienced little change in January. Peer-to-peer poker cash wagers totaled CAD $146 million, securing a 2% market share and a slight 3% increase over the previous month. The revenue generated from poker remained steady at CAD $5.6 million, maintaining a 2% market share with no change from December.
On average, each active player account generated CAD $297 in revenue during January, a notable 13% increase compared to the previous month. This indicates a growing engagement and spending among Ontario’s online gamblers.
The Impact of Super Bowl Betting
The upcoming Super Bowl is expected to further boost the sports betting market in Ontario. As February numbers are released in the coming weeks, industry analysts will closely examine the impact of this major sporting event on betting activity and revenue. With a strong foundation of growth, Ontario’s online gambling market is poised for continued expansion.
Conclusion
January 2024 was a record-breaking month for Ontario’s online gambling market, driven primarily by a surge in sports betting revenue. While casino gaming remains the dominant force, the growth in sports betting and overall player engagement highlights the dynamic nature of this industry. The release of monthly financial reports by iGaming Ontario provides valuable data for understanding these trends and anticipating future market developments. This growth presents exciting opportunities for operators within the province.





























