Ontario’s regulated iGaming market currently has 45 licensed and active operators running 79 sites. That number has been moving in both directions at once: new names are registering while others are quietly packing up. Understanding the current roster, and what it actually means for bettors, requires a look at how the market has evolved since its April 2022 launch.
What Is the Current Licensed Operator Count in Ontario?
As of the latest iGaming Ontario data, 45 operators are running 79 active gaming sites in Ontario’s regulated market. That figure excludes OLG, which operates separately under the same AGCO regulatory umbrella. Every one of those 45 operators has signed an operating agreement with iGaming Ontario (iGO) and holds registration with the Alcohol and Gaming Commission of Ontario (AGCO). They are the only platforms Ontario residents can legally use for online sports betting and casino play.
The 79-site number is higher than the operator count because some companies run multiple brands under a single licence. Super Group, for instance, holds one operating agreement but has five active brands in Ontario. Those brands are Betway, Jackpot City, Spin, Royal Vegas, and Ruby Fortune. That multi-brand structure inflates the site count relative to the actual number of distinct licensed operators.
For context, the market launched in April 2022 with 46 operators across 70-plus sites. It peaked at 49 operators and 84 sites during FY 2024-25, according to iGaming Ontario’s annual performance report published in April 2025. The current total of 45 reflects a modest pullback from that peak, driven by a cluster of exits in early 2026.
Which Operators Left Ontario in Early 2026?
Three operators departed the Ontario market in a short window earlier this year. Rivalry, the Toronto-based esports-focused betting company operating under an AGCO registration, halted all Ontario play in mid-February 2026. The shutdown hit hard. In late April, Rivalry confirmed that its co-founders and much of its C-suite had resigned in the aftermath, as reported by Canadian Gaming Business. Mobinc’s Conquestador began a phased shutdown in March 2026. Casumo also exited the province around the same period.
On the entry side, BetNova launched in Ontario in April 2026, picking up some of the slack left by the departing brands.
This churn is worth understanding clearly. Operators leave regulated markets for a range of reasons: difficulty scaling against entrenched incumbents, compliance costs that outpace revenue, or a strategic pivot away from the market altogether. Rivalry’s exit was particularly notable given that it was a Canadian company with an esports-first product. That niche proved difficult to monetize at scale against full-service sportsbooks offering NHL moneylines, NFL parlays, and deep prop markets alongside a full casino.
How Is the Market Split Between Verticals?
Ontario’s iGaming market is often discussed as a sports betting market. The data tells a more complicated story.
In March 2026, a record-breaking month that saw Ontarians place $9.59 billion in cash wagers on licensed platforms, online casino gaming accounted for 87% of all handle. Sports betting brought in $1.08 billion in wagers and $61.6 million in revenue for the month, representing roughly 16% of total operator earnings. Peer-to-peer poker contributed less than 2%.
For FY 2024-25, Ontario’s full-year casino wagers reached $69.6 billion versus sports betting wagers of $11.4 billion. Sports generated $724 million in revenue, growing 23% year-over-year. Casino grew 36% in the same period and accounts for the clear majority of what every Ontario operator earns, per iGaming Ontario’s annual performance report.
That vertical split matters for understanding the operator count. The 45 licensed operators are not all sports-focused sportsbooks. Many are primarily casino platforms that also offer sports betting as a secondary product. The dedicated, sports-first operators, all AGCO-licensed, form a smaller subset of the overall roster. FanDuel, DraftKings, bet365, BetMGM, theScore Bet, Caesars, BetRivers, and Pinnacle are the books where Ontario bettors placing a puck line on a Leafs game or building a five-leg NFL parlay are actually competing. The smaller casino-first platforms in the licensed roster are largely irrelevant to the sports wagering experience.
Does More Operators Mean Better Choice for Bettors?
Not necessarily. Ontario’s market concentration means a handful of operators capture the lion’s share of wagering volume, and that concentration has intensified as the market has matured.
For bettors who care about odds quality, market depth, and app reliability, the relevant competitive landscape is the top tier of AGCO-licensed books. Bet365 leads on pre-game and live market depth, covering over 30 sports with exceptional depth for NHL and NFL wagering. FanDuel Canada holds the top-rated app in the province. BetMGM Canada posts among the lowest average vig in the market. DraftKings Canada offers SGPx and Flash Bets for micro-wagering. These four alone account for a disproportionate share of the billions wagered monthly in Ontario.
Having 45 licensed operators does create real choice at the margin. There are meaningful differences in odds on specific markets, same-game parlay builders, live streaming availability, and payout speed across the field. But for most Ontario sports bettors, the decision comes down to three or four books, not 45. Our rundown of AGCO-licensed sportsbooks in Ontario breaks down how the field compares on the metrics that actually matter for sports wagering.
How Does Ontario’s Count Compare to the Rest of Canada?
Ontario is unique in Canada, and in North America, for its competitive private-operator model. No other Canadian province has anything close to 45 licensed private operators.
British Columbia runs a government monopoly through PlayNow, operated by BCLC. Quebec uses the Loto-Québec platform, Mise-o-jeu. Manitoba and Saskatchewan rely on their own provincial lotteries. These provinces offer no path for private operators to enter the market, which is why AGCO-licensed books like FanDuel, bet365, and DraftKings are Ontario-only in Canada rather than truly national operations.
Alberta changes that picture. When its regulated market opens on July 13, 2026, it becomes the second province with a competitive private-operator framework. Alberta had 30 operators registered as of early May 2026, according to Canadian Gaming Business, with major names including bet365, DraftKings, FanDuel, BetMGM, theScore Bet, BetRivers, and Caesars among those registered to go live under AGLC licensing.
That Alberta launch will give the same major sportsbooks a second Canadian provincial market to operate in. It will not reduce Ontario’s operator count. Ontario and Alberta run as separate regulated markets under their own distinct licensing structures.
What the Grey Market Still Represents
Forty-five licensed operators and 83.7% channelization sounds strong, until you consider what 83.7% actually means. Roughly one in six Ontario online gamblers is still using an unlicensed offshore platform, according to iGaming Ontario’s FY 2024-25 data. That is actually a decline from 86.4% channelization the prior year, even as the overall market grew substantially.
iGO’s stated target is 90% channelization by FY 2026-27. Getting there means pulling more players away from grey-market books. Those platforms typically hold offshore licences from bodies like the Malta Gaming Authority or the Kahnawake Gaming Commission (KGC), but hold no AGCO registration and operate outside Ontario’s regulatory framework. They are not subject to the same responsible gambling requirements, player protection standards, or complaint resolution processes that every AGCO-registered operator must follow. Specifically, the deposit limits, cool-off periods, and self-exclusion tools mandated for licensed Ontario operators are not guaranteed on offshore platforms.
The AGCO has stated it is developing a comprehensive strategy to limit access to unregulated iGaming sites, including ongoing collaboration with international regulators. Enforcement tools remain limited for now, but the direction of travel is clear.
For bettors weighing the choice, the practical difference comes down to what happens when something goes wrong. Our guide to responsible gambling tools in Canada covers what Ontario bettors are entitled to under the regulated framework and why those protections matter.
What This Means for Bettors
Ontario’s operator count sits at 45, down modestly from a peak of 49, and that consolidation is a sign of a maturing market rather than a market in trouble. The major AGCO-licensed sportsbooks competing for your NHL, NFL, NBA, CFL, and MLB action are all active, and the record-breaking handle numbers confirm Ontarians are using them at an increasing rate. The grey market is shrinking but hasn’t disappeared, and staying on a regulated platform remains the clearest way to ensure your account, your funds, and your disputes are protected.
Sources
- iGaming Ontario, Year 3 Market Performance Report FY 2024-25 (published April 24, 2025), igamingontario.ca
- Canadian Gaming Business, “Ontario iGaming set new all-time monthly record in March” (April 29, 2026), canadiangamingbusiness.com
- Canadian Gaming Business, “Rivalry reports mass C-suite and board exodus after Ontario shutdown” (April 27, 2026), canadiangamingbusiness.com
- AGCO, Sport and Event Betting in Ontario, Player Information, agco.ca
- AGCO, Annual Report 2023-24 (published January 15, 2025), agco.ca