LIVE DATA · AUGUST 2026 RELEASE

Ontario iGaming
Monthly Performance

Name: Ontario iGaming Monthly Market Performance
Creator: iGaming Ontario
Published: 2026-09-23

Ontario's regulated iGaming market handled $9.74B in cash wagers and generated $396M in NAGGR in August 2026, with 1,208K active player accounts.

In August 2026, Ontario operators handled $9.74B in cash wagers (-1.0% MoM, +19.7% YoY) and produced $396M in NAGGR (-4.0% MoM, +18.4% YoY). Active player accounts reached 1,208K (+18.9% YoY) at an average revenue per active account of $328. Trailing-12-month wagers run-rate sits at $112.38B, with NAGGR at $4.69B. That equates to roughly 9.4% of Ontario's adult (15+) population holding an active account that month — an upper-bound estimate, since one person can hold accounts with multiple operators.

AUGUST 2026 EDITION · Magazine-grade report Download the Ontario iGaming Monthly Report 🇨🇦 iGO · Ontario 🇨🇦 AGCO · Regulator 12 pages · 1.4 MB · PDF

Cash Wagers

$9.74B

↓ -1.0% MoM

YoY +19.7% CAGR 66.2%

NAGGR

$396M

↓ -4.0% MoM

YoY +18.4% CAGR 66.2%

Active Players

1,208K

↓ -11.0% MoM

YoY +18.9% CAGR 40.5%

ARPPA

$328

↑ +8.0% MoM

YoY -0.6% CAGR 18.4%

Source · iGaming Ontario official data release Published 2026-09-23 Coverage 2022-04-04 → 2026-08-31 53 months indexed

Market scale & depth

The shape of Ontario’s regulated iGaming market

Trailing-12-month numbers smooth out monthly seasonality. Window: 2025-09 → 2026-08.

Annualised wagers run-rate

$112.38B

TTM YoY +23.5% Sum of last 12 monthly cash-wager totals

Annualised NAGGR

$4.69B

TTM YoY +29.9% Implied blended hold 4.17%

Market depth

9.4%

of Ontario adults 15+ +7.26 pp since launch · upper-bound — accounts, not unique persons

All-time wagers peak

$9.88B

2026-07 1 mo. ago

Penetration uses Statistics Canada Table 17-10-0005-01 (Ontario, age 15+, Q3 2024) as denominator (source, as of 2024-07-01). Active player ACCOUNTS, not unique persons — one player may hold accounts with multiple operators. AGCO/iGO does not publish unique-individuals data, so this penetration figure is an upper bound.

Executive summary

What changed this month

Trend up

Wagers +19.7% YoY

Cash wagers of $9.74B are +19.7% versus August 2025, with a trailing-12mo average of $9.36B.

Trend up

NAGGR +18.4% YoY

Operators booked $396M in NAGGR, at an implied blended hold of 4.1% across all products.

Players

1,208K active accounts

Active player accounts are +18.9% YoY with ARPPA at $328.

Mix

Casino 90% of wagers

Casino captured 90% of cash wagers and 85% of NAGGR — its share is rising versus two years ago.

Calendar

FY26 closes near record

August 2026 closed FY26 with cash-wager run-rate near the all-time peak of $9.88B (2026-07).

Forecast

Next 3 months

Ensemble forecast projects cash wagers of $10.01B, $10.14B, $10.26B for the coming three months (median of linear-trend, exponential-smoothing, and seasonal-naive methods).

Market trends

53 months of Ontario iGaming, charted

Every monthly KPI since regulated launch on 4 April 2022. Hover any chart for the exact value.

Cash Wagers

$M / month

Continuing expansion through the most recent six months

NAGGR (Net Revenue)

$M / month

Continuing expansion through the most recent six months

Active Player Accounts

thousands / month

Continuing expansion through the most recent six months

ARPPA (per account)

$ / month

Continuing expansion through the most recent six months

Product mix

Casino, Betting, Poker — who’s winning?

Wagers — latest month share

August 2026

NAGGR — latest month share

August 2026

NAGGR share over time

stacked, by product

Product	Wagers	Wagers share	NAGGR	NAGGR share	Implied hold	YoY growth	Share trend
🎰 Casino	$8.78B	90.0%	$336M	85.0%	3.8%	+21.5%	Rising
⚽ Betting	$843M	9.0%	$54M	14.0%	6.5%	+10.2%	Falling
🃏 P2P Poker	$122M	1.0%	$6M	1.0%	4.6%	-19.2%	Stable

Margin & hold

How much of every dollar wagered operators keep

Hold rate = NAGGR ÷ cash wagers, computed monthly. Trailing-12mo (TTM) average smooths month-end timing noise. YoY change reported in percentage points (pp), not relative %.

Hold rate over time

market + per product

Market — latest

4.07%

TTM avg 4.17%

YoY +0.20 pp

Product	Latest	TTM avg	YoY
🎰 Casino	3.83%	3.80%	+0.20 pp
⚽ Betting	6.45%	7.03%	+0.54 pp
🃏 P2P Poker	4.59%	4.15%	+0.07 pp

Fiscal year view

The regulator’s framing — Ontario’s FY runs April → March

AGCO and Ontario Finance both report against fiscal years. In-progress FYs compare like-for-like to the same opening months of the prior FY.

Annual totals

FY	Wagers	YoY	NAGGR	YoY	Hold	Peak players	Status
FY23	$35.54B	—	$1.41B	—	3.98%	677K	complete
FY24	$63.28B	+78.0%	$2.44B	+72.5%	3.85%	912K	complete
FY25	$82.74B	+30.8%	$3.22B	+32.0%	3.89%	1,129K	complete
FY26	$103.33B	+24.9%	$4.27B	+32.6%	4.13%	1,327K	complete
FY27	$47.88B	+23.3%	$2.03B	+26.5%	4.24%	1,365K	5/12 months

Show 18 quarterly rollups

FY-Q	Wagers	QoQ	YoY	NAGGR	Hold
FY27Q2	$19.62B	-30.5%	-19.1%	$0.81B	4.13%
FY27Q1	$28.25B	+1.4%	+22.2%	$1.22B	4.32%
FY26Q4	$27.87B	-0.7%	+21.6%	$1.13B	4.06%
FY26Q3	$28.08B	+15.8%	+23.5%	$1.20B	4.27%
FY26Q2	$24.25B	+4.9%	+29.8%	$0.98B	4.02%
FY26Q1	$23.12B	+0.8%	+25.6%	$0.96B	4.14%
FY25Q4	$22.93B	+0.9%	+28.6%	$0.91B	3.95%
FY25Q3	$22.73B	+21.7%	+32.0%	$0.83B	3.64%
FY25Q2	$18.68B	+1.5%	+31.2%	$0.76B	4.04%
FY25Q1	$18.40B	+3.2%	+31.6%	$0.73B	3.97%
FY24Q4	$17.83B	+3.5%	+28.7%	$0.69B	3.89%
FY24Q3	$17.22B	+21.0%	+49.3%	$0.66B	3.82%
FY24Q2	$14.24B	+1.9%	+134.1%	$0.54B	3.80%
FY24Q1	$13.98B	+0.9%	+243.1%	$0.55B	3.90%
FY23Q4	$13.85B	+20.1%	—	$0.52B	3.79%
FY23Q3	$11.54B	+89.7%	—	$0.46B	4.01%
FY23Q2	$6.08B	+49.3%	—	$0.26B	4.34%
FY23Q1	$4.08B	—	—	$0.16B	3.98%

Seasonality

Month-of-year indices — when the market actually peaks

Each cell shows the month’s average value as a percentage of the full-history average for that metric. 1.00 = average; 1.10 = 10% above average; 0.90 = 10% below.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Peak
Cash Wagers	1.11	1.03	1.14	0.93	0.95	0.91	0.95	0.97	0.90	1.01	1.05	1.11	Mar
NAGGR	1.14	0.98	1.11	0.95	0.99	0.93	0.96	0.98	0.90	0.97	1.07	1.08	Jan
Players	1.14	1.16	1.09	0.97	0.94	0.93	0.91	0.88	0.92	1.02	1.06	1.07	Feb
ARPPA	1.02	0.86	1.03	0.93	1.02	0.98	1.06	1.10	0.98	0.97	1.03	1.01	Aug

Below average ≈ Average Above average

Records · streaks · stability

What the market has done — and how stable it now is

📌 All-time records

Wagers $9.88B 2026-07 · 1 mo. ago
NAGGR $426M 2025-12 · 8 mo. ago
Players 1,365K 2026-07 · 1 mo. ago
ARPPA $333 2025-12 · 8 mo. ago

🔥 Current streaks

Wagers ↓ 1 mo down latest MoM -1.0%
NAGGR ↓ 1 mo down latest MoM -4.0%
Players ↓ 1 mo down latest MoM -11.0%
ARPPA ↑ 1 mo up latest MoM +8.0%

📉 Worst drawdowns

Wagers -10.0% 2025-05 → 2025-06 · recovered 2mo later
NAGGR -19.6% 2025-12 → 2026-02 · not yet recovered
Players -21.4% 2023-02 → 2023-07 · recovered 2mo later
ARPPA -27.5% 2023-07 → 2024-02 · recovered 6mo later

P2P Poker NAGGR peaked at $7.1M in 2024-03 and has not retaken that level since (-32.4% peak-to-trough).

📊 Market stability (CV)

Coefficient of variation, last 12 months vs prior 12. Lower = more stable.

Wagers CV 0.041 from 0.060 · stabilising
NAGGR CV 0.075 from 0.084 · stabilising
Players CV 0.041 from 0.075 · stabilising
ARPPA CV 0.070 from 0.087 · stabilising

Market maturation

Ontario's iGaming market has graduated from launch ramp to mature plateau.

9.0× growth in cash wagers since launch — $1.08B (Apr 2022) → $9.74B (August 2026)
66.1% CAGR in handle since launch, 66.2% in NAGGR
Steep launch ramp through Oct 2023, then settled into a mature plateau
Trailing-12-mo avg $9.36B — winter highs alternate with summer softness
YoY decelerated to +19.7% on wagers — past the land-grab phase

Product mix shift

Casino dominates handle; Betting punches above its weight on revenue.

Casino 90% of wagers + 85% of NAGGR in August 2026
Casino wagers-share rising vs 2 years ago (was 87%) — live-dealer + slot growth
Betting 9% of wagers but 14% of NAGGR — structurally higher hold
Hold rates: Casino 3.8% vs Betting 6.5% vs Poker 4.6%
P2P Poker steady at 1% / 1% — small but loyal niche

Structural lesson for other Canadian provinces: a regulated, competitive casino vertical will dominate headline handle but yield a smaller share of taxable revenue than sports.

Player engagement

Market has shifted from player acquisition to yield-optimisation.

Accounts 277K → 1,208K (4.4× since launch)
ARPPA $158 → $328 at 18.4% CAGR
Account growth dominated through FY24 — operators acquiring
FY25 onward: flat ARPPA on marginal accounts — yield phase, not acquisition
Winter > summer account counts — mirrors North American sports calendars

Outlook

Next 3 months — 3-method ensemble forecast

Forecasts are the median of three independently-computed methods: (1) linear-trend OLS on the last 12 months, (2) statsmodels Holt exponential smoothing, and (3) seasonal-naive (y[t-12] × trailing-12-month growth). The low/high band is the min/max across the three methods — an honest uncertainty envelope, not a statistical confidence interval.

Cash Wagers ($M)

Month	Low	Point	High
2026-09	9,814	10,015	10,554
2026-10	9,883	10,136	11,419
2026-11	9,952	10,257	11,522

NAGGR ($M)

Month	Low	Point	High
2026-09	416	421	428
2026-10	420	427	478
2026-11	423	433	528

Active Players (K)

Month	Low	Point	High
2026-09	1,296	1,332	1,470
2026-10	1,299	1,346	1,608
2026-11	1,302	1,359	1,623

ARPPA ($)

Month	Low	Point	High
2026-09	291	318	322
2026-10	297	319	324
2026-11	321	325	327

Forecast accuracy — how we did last month

Backtest: for every prior forecast we've published, we look up the actual value once the iGO release lands and compute the absolute % error. MAPE is the mean of those errors. No cherry-picking — every prediction we've made is scored.

KPI	Predicted	Actual	Signed error	All-time MAPE
Wagers	9,960	9,740	+2.3%	3.2%
NAGGR	424	396	+7.0%	3.6%
Players	1,366	1,208	+13.1%	5.4%
ARPPA	312	328	-5.0%	4.0%

Aggregate MAPE across 16 scored predictions: 4.0%. The backtesting score is recomputed with every ingest, with no cherry-picking.

What I’d watch next quarter

Three forecast methods broadly agree; summer prints structurally below trend.

Wagers next 3 months: $10.01B → $10.14B → $10.26B
NAGGR next 3 months: $421M → $427M → $433M
Wider low/high band in May–July = seasonal-naive pulling down, not new instability
Watch: does casino wagers-share hold above 88% as betting pushes for re-engagement?
Watch: does ARPPA keep climbing against a still-expanding account base?
Watch: any operator entry/exit that changes competitive structure

Anomalies

Months that didn’t fit the trend

2022-09 Active Players +44.0%

Active players k jumped 44% MoM

2022-05 Cash Wagers +36.0%

Cash wagers jumped 36% MoM

2022-10 Cash Wagers +30.0%

Cash wagers jumped 30% MoM

Raw data

Full monthly history

All 53 months · 2022-04-04 to 2026-08-31. Show / hide all rows

📥 Download the data Market CSV 53 rows Per-product CSV 159 rows Raw JSON Analysis JSON CC-BY · iGaming Ontario source · cite GamingCompliance.io

Month	FY-Q	Wagers ($M)	MoM	NAGGR ($M)	MoM	Players (K)	MoM	ARPPA ($)	MoM
2026-08	FY27Q2	9,740	-1.0%	396.3	-4.0%	1,208	-11.0%	328	+8.0%
2026-07	FY27Q2	9,884	+4.0%	413.6	+3.0%	1,365	+3.0%	303	0.0%
2026-06	FY27Q1	9,458	0.0%	400.6	-3.0%	1,319	+5.0%	304	-8.0%
2026-05	FY27Q1	9,478	+2.0%	413.1	+2.0%	1,257	-1.0%	329	+3.0%
2026-04	FY27Q1	9,315	-3.0%	405.4	+5.0%	1,266	+2.0%	320	+3.0%
2026-03	FY26Q4	9,592	+10.0%	387.0	+13.0%	1,240	-5.0%	312	+19.0%
2026-02	FY26Q4	8,735	-9.0%	342.4	-15.0%	1,305	-2.0%	262	-14.0%
2026-01	FY26Q4	9,547	0.0%	402.6	-5.0%	1,327	+4.0%	303	-9.0%
2025-12	FY26Q3	9,501	+2.0%	425.6	+5.0%	1,277	-2.0%	333	+7.0%
2025-11	FY26Q3	9,332	+1.0%	406.2	+10.0%	1,299	+1.0%	313	+9.0%
2025-10	FY26Q3	9,249	+8.0%	368.2	+12.0%	1,287	+9.0%	286	+2.0%
2025-09	FY26Q2	8,548	+5.0%	329.8	-1.0%	1,177	+16.0%	280	-15.0%
2025-08	FY26Q2	8,139	+8.0%	334.8	+8.0%	1,016	+7.0%	330	+1.0%
2025-07	FY26Q2	7,564	+4.0%	311.1	+1.0%	948	-6.0%	328	+8.0%
2025-06	FY26Q1	7,259	-10.0%	306.8	-9.0%	1,013	-5.0%	303	-4.0%
2025-05	FY26Q1	8,066	+3.0%	338.0	+8.0%	1,068	-2.0%	316	+10.0%
2025-04	FY26Q1	7,796	-2.0%	313.3	+6.0%	1,091	+3.0%	287	+3.0%
2025-03	FY25Q4	7,955	+12.0%	296.1	+6.0%	1,060	-6.0%	279	+12.0%
2025-02	FY25Q4	7,128	-9.0%	280.3	-15.0%	1,129	+2.0%	248	-16.0%
2025-01	FY25Q4	7,845	0.0%	328.6	+22.0%	1,106	+8.0%	297	+13.0%
2024-12	FY25Q3	7,818	+5.0%	269.8	-7.0%	1,025	+1.0%	263	-9.0%
2024-11	FY25Q3	7,463	0.0%	291.6	+10.0%	1,011	+7.0%	288	+2.0%
2024-10	FY25Q3	7,453	+14.0%	266.0	-3.0%	945	+10.0%	281	-12.0%
2024-09	FY25Q2	6,535	+8.0%	274.4	+15.0%	859	+20.0%	320	-4.0%
2024-08	FY25Q2	6,045	-1.0%	238.3	-2.0%	718	-13.0%	332	+13.0%
2024-07	FY25Q2	6,098	+2.0%	242.4	+1.0%	823	-2.0%	294	+3.0%
2024-06	FY25Q1	5,978	-4.0%	239.6	0.0%	838	+3.0%	286	-3.0%
2024-05	FY25Q1	6,258	+1.0%	240.6	-4.0%	816	-10.0%	295	+7.0%
2024-04	FY25Q1	6,166	-1.0%	250.1	+4.0%	910	+6.0%	275	-2.0%
2024-03	FY24Q4	6,235	+11.0%	240.8	+14.0%	857	-6.0%	281	+21.0%
2024-02	FY24Q4	5,614	-6.0%	211.4	-12.0%	912	+4.0%	232	-16.0%
2024-01	FY24Q4	5,982	-1.0%	241.3	+7.0%	877	+8.0%	275	-2.0%
2023-12	FY24Q3	6,065	+8.0%	226.2	+7.0%	809	+4.0%	280	+3.0%
2023-11	FY24Q3	5,609	+1.0%	211.9	-4.0%	779	0.0%	272	-4.0%
2023-10	FY24Q3	5,549	+10.0%	220.2	+11.0%	778	+11.0%	283	0.0%
2023-09	FY24Q2	5,067	+9.0%	197.8	+15.0%	700	+23.0%	282	-7.0%
2023-08	FY24Q2	4,632	+2.0%	172.6	+1.0%	568	+7.0%	304	-5.0%
2023-07	FY24Q2	4,541	+2.0%	170.3	+6.0%	532	-5.0%	320	+11.0%
2023-06	FY24Q1	4,466	-4.0%	161.4	-17.0%	557	-11.0%	289	-7.0%
2023-05	FY24Q1	4,675	-3.0%	195.0	+3.0%	628	-7.0%	311	+11.0%
2023-04	FY24Q1	4,840	-1.0%	189.4	-1.0%	677	+5.0%	280	-6.0%
2023-03	FY23Q4	4,900	+13.0%	191.8	+26.0%	647	-4.0%	297	+32.0%
2023-02	FY23Q4	4,336	-6.0%	152.7	-15.0%	677	+3.0%	225	-18.0%
2023-01	FY23Q4	4,616	+4.0%	179.8	+10.0%	655	+5.0%	274	+5.0%
2022-12	FY23Q3	4,456	+13.0%	163.5	-4.0%	624	+5.0%	262	-9.0%
2022-11	FY23Q3	3,948	+26.0%	171.0	+33.0%	594	+13.0%	288	+18.0%
2022-10	FY23Q3	3,131	+30.0%	128.3	+19.0%	525	+11.0%	244	+7.0%
2022-09	FY23Q2	2,413	+22.0%	108.2	+23.0%	475	+44.0%	228	-15.0%
2022-08	FY23Q2	1,984	+18.0%	88.1	+31.0%	331	+21.0%	266	+8.0%
2022-07	FY23Q2	1,685	+11.0%	67.5	+11.0%	274	-9.0%	247	+21.0%
2022-06	FY23Q1	1,525	+4.0%	60.9	+6.0%	299	-4.0%	203	+10.0%
2022-05	FY23Q1	1,471	+36.0%	57.5	+31.0%	310	+12.0%	185	+17.0%
2022-04	FY23Q1	1,079	—	43.9	—	277	—	158	—

Methodology

Source: iGaming Ontario Monthly Market Performance Data Tables — the official quarterly/monthly release.
Coverage: all AGCO-registered operators and the iGO-operated channel since the regulated market launched on 4 April 2022.
Data extraction: 2026-09-21 · Published: 2026-09-23.
Definitions: Cash Wagers = total stakes (non-bonus). NAGGR = wagers minus winnings (before promotional adjustments). Active Player Account = a real-money account with ≥1 transaction in the month. ARPPA = NAGGR ÷ Active Players.
Forecasts: 3-method ensemble (linear trend on last 12 months, exponential smoothing, seasonal-naive). The reported band is the spread across methods, not a statistical confidence interval.
Updates: the page is rebuilt when a new iGO release is ingested; the coverage line above shows the latest month included.

AGCO Registration Requirements — the regulator behind this data
AGCO Standards Explorer — every Registrar's Standard
AGCO vs AGLC — Ontario vs Alberta head-to-head
UKGC vs AGCO — Britain vs Ontario operator playbook
iGaming Tax Calculator — Ontario's ~20% revenue share and beyond

Ontario iGamingMonthly Performance

The shape of Ontario’s regulated iGaming market

What changed this month

53 months of Ontario iGaming, charted

Cash Wagers

NAGGR (Net Revenue)

Active Player Accounts

ARPPA (per account)

Casino, Betting, Poker — who’s winning?

Wagers — latest month share

NAGGR — latest month share

NAGGR share over time

How much of every dollar wagered operators keep

Hold rate over time

The regulator’s framing — Ontario’s FY runs April → March

Annual totals

Month-of-year indices — when the market actually peaks

What the market has done — and how stable it now is

📌 All-time records

🔥 Current streaks

📉 Worst drawdowns

📊 Market stability (CV)

Market maturation

Product mix shift

Player engagement

Next 3 months — 3-method ensemble forecast

Cash Wagers ($M)

NAGGR ($M)

Active Players (K)

ARPPA ($)

Forecast accuracy — how we did last month

What I’d watch next quarter

Months that didn’t fit the trend

Full monthly history

Methodology

Related

Ontario iGaming
Monthly Performance