Licensed online casinos in Ontario generated $230 million in May 2026, marking a new monthly revenue record for the provincial market. The figure represents a 4 percent increase from April and a 25.6 percent year-over-year rise.
Betting Volume and Growth Trends
Player wagering reached $5.9 billion during the same period, surpassing the previous peak of $5.87 billion recorded in March. While the sector continues to expand, the pace of growth has moderated compared to late 2025, when year-over-year revenue increases exceeded 40 percent.Cumulative earnings for the first five months of 2026 total $1.085 billion, roughly 30 percent higher than the same timeframe last year. Current financial trajectories indicate the provincial online gambling sector could surpass $2.2 billion in annual revenue for the first time.
Source: iGaming News.