Ontario's iGaming Breaks Revenue Record, Bragg Reports Growth, Parq Expands

Ontario's regulated online gaming market achieved a new milestone in January, reaching total wagers of CA$9.520 billion. This figure surpasses the previous record of CA$9.501 billion set in December and marks a significant increase from the CAD $7.845 billion recorded in January 2025. With 48 licensed operators and 82 active websites, Ontario has established itself as a leading iGaming jurisdiction in North America.

Meanwhile, Toronto-based Brag Gaming reported record revenue driven by its expansion into the US and Brazil. Also, Vancouver's Parq Casino continues with slot machine expansion plans, enhancing its offerings in the competitive market.

Ontario iGaming Revenue and Player Trends in January

Despite the record-breaking wagers, Ontario's non-adjusted gross gaming revenue (NAGGR) in January declined to CA$401.5 million. This marks a 6% drop from December's revenue of CA$425.4 million. Active player accounts increased by 4% to 1,326, although the average revenue per account fell by 9% to CA$303.

The casino segment dominated the market, accounting for 86% of total cash wagers at CA$8.183 billion, down 1% from December.

Sports betting, on the other hand, saw cash wagers rise to CA$1.180 billion, capturing a 12% market share. Meanwhile, peer-to-peer (P2P) poker generated CA$156 million, an 11% month-over-month increase.

Bragg Gaming Group Reports Revenue Growth

Toronto-based Bragg Gaming Group also reported significant revenue growth driven by its expansion into the US and Brazilian markets. In the fourth quarter of 2025, Bragg's revenue reached USD $32.6 million, up 1.8% from the same period in 2024.

The company's full-year revenue for 2025 was US$125 million, up 4% from US$120 million in 2024. Adjusted EBITDA for the year also rose to US$19.5 million. Bragg attributed its growth to a 70% increase in high-margin proprietary content revenue, primarily from the US market. Looking ahead, Bragg forecasts revenues between US$114.3 million and US$123.1 million for 2026.

Parq Casino Expansion and Vancouver Regulatory Development

In a separate development, Parq Casino is proceeding with plans to increase its slot machine count from 600 to 900. This decision follows applications submitted by both the British Columbia Lottery Corporation and Parq Holdings Limited Partnership.

Parq Casino, located adjacent to BC Place Stadium, currently features 600 slot machines and 75 table games. The expansion is expected to enhance the casino's offerings and attract more visitors, further contributing to the province's gaming landscape.