OLG Report: Ontario’s Online Gambling Market Share Is 20%
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OLG captures 20% of Ontario's online gambling market: revenue growth despite stiff competition.
Ontario Lottery Corporation OLG reported that its revenue from digital operations grew 12% for the year ended March 31, 2024. In the 2023-2024 fiscal year, OLG recorded $630 million in gross revenue from online gambling and sports betting, up 12% from the previous year.
Data from iGaming Ontario (iGO) shows that Ontario’s commercial sector includes 51 operators and generates $2.4 billion in annual revenue. Together with OLG, the total revenue of the regulated market was more than $3 billion, up 54.5% from its first year of operation.
Ontario’s total online gambling revenue since regulation began (April 2022) has reached almost $5 billion.