OLG’s online gaming revenue fell 5% to C$556 million in the fiscal year ended March 31, 2026, according to audited statements posted on August 28. Ontario’s separate private-operator market reached record levels in July. The figures cover two different parts of the province’s regulated online gaming system.

  • OLG iGaming revenue: C$556 million, down from C$585 million in fiscal 2024-25.
  • OLG consolidated net income: C$2.179 billion.
  • OLG payments to Ontario: C$2.259 billion.
  • Private-market July cash wagers: C$9.884 billion, an all-time monthly record.
  • Private-market July active player accounts: about 1.365 million, also a record.
The results show lower online revenue at OLG alongside record wagering and account activity among private operators. The measures are not directly comparable.

Two markets, two measures

OLG’s figure covers net win from iCasino and iSports products offered through OLG.ca and the OLG app. It does not represent the full Ontario online gaming market.

iGaming Ontario’s monthly market report covers private operators working under agreements with iGaming Ontario. The report excludes OLG’s online offering and horse-racing pari-mutuel wagering. Its figures are unaudited and subject to adjustment.

OLG revenue declined despite stronger overall results

OLG reported C$2.179 billion in consolidated net income for fiscal 2025-26, up from C$2.054 billion a year earlier. It paid C$2.259 billion to the Province of Ontario, compared with C$2.210 billion in fiscal 2024-25.

The audited revenue table shows iGaming revenue of C$556 million in fiscal 2025-26, compared with C$585 million in the prior year. The decline was C$29 million, or about 5%.

OLG also changed how it presents digital lottery activity. Lottery products bought through its digital platform moved from the iGaming line to Enterprise Lottery. The reclassification moved C$297 million in iLottery proceeds, C$151 million in prizes and C$146 million in revenue into the Enterprise Lottery category.

Private operators set July records

Updated iGaming Ontario data shows that private operators recorded C$9.884 billion in total cash wagers in July 2026. That was about 3.1% above the previous record of C$9.59 billion, set in March.

Monthly active player accounts reached about 1.365 million. Online casino accounted for C$8.78 billion in July cash wagers, or 89% of the private market’s total.

Non-adjusted gross gaming revenue reached C$413.6 million. It was the second-highest monthly result after December 2025.

Why the comparison matters

The July private-market figures cannot be added directly to OLG’s fiscal-year figure or treated as a like-for-like comparison. OLG reports annual net win from its own digital products. iGaming Ontario reports monthly private-market cash wagers and non-adjusted gross gaming revenue.

The figures still show different trends within Ontario’s regulated market. OLG’s online business produced less revenue in fiscal 2025-26, while private operators recorded higher wagering and account activity in July.

For Ontario, the distinction affects how online gaming performance is assessed. OLG’s payments flow through the Crown corporation’s broader results. iGaming Ontario manages the private market and remits funds through its own financial structure.

iGaming Ontario reported C$2.9 billion in private-market gaming revenue and C$218.9 million in net income for fiscal 2024-25.

Player protection remains a key test

Ontario’s private online gaming market launched on April 4, 2022. Private operators must register with the Alcohol and Gaming Commission of Ontario and operate under agreements with iGaming Ontario.

The growth in wagers and active accounts increases the importance of age and identity checks, geolocation, anti-money-laundering controls, privacy safeguards and access to self-exclusion tools.

iGaming Ontario reported a player channelization rate of 83.7% in fiscal 2024-25. That was below its 90% target for fiscal 2026-27.