Canada Online Gambling Market Size & Outlook, 2023-2030
Canada online gambling market, 2018-2030 (US$M)
Related Markets
Canada online gambling market highlights
- The Canada online gambling market generated a revenue of USD 1,397.8 million in 2023 and is expected to reach USD 3,588.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 14.4% from 2024 to 2030.
- In terms of segment, sports betting was the largest revenue generating type in 2023.
- Sports Betting is the most lucrative type segment registering the fastest growth during the forecast period.
Online gambling market data book summary
| Market revenue in 2023 | USD 1,397.8 million |
| Market revenue in 2030 | USD 3,588.4 million |
| Growth rate | 14.4% (CAGR from 2023 to 2030) |
| Largest segment | Sports betting |
| Fastest growing segment | Sports Betting |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sports Betting, Casinos, Poker, Bingo |
| Key market players worldwide | Evoke Pharma Inc, Betsson AB Class B, Entain PLC, Flutter Entertainment PLC, Churchill Downs Inc, Kindred Group PLC SEDR, Sportech PLC |
Other key industry trends
- In terms of revenue, Canada accounted for 2.0% of the global online gambling market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. online gambling market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 3,588.4 million by 2030.
Sports betting was the largest segment with a revenue share of 49.87% in 2023. Horizon Databook has segmented the Canada online gambling market based on sports betting, casinos, poker, bingo covering the revenue growth of each sub-segment from 2018 to 2030.
In Canada, online gambling is legal at the federal level, but each province and territory has its regulations and licensing requirements. The legal age to participate in online gambling varies between provinces and territories, but it is generally between 18 to 19 years old.
The government-owned Ontario Lottery and Gaming Corporation and British Columbia Lottery Corporation are two of Canada's largest online gambling operators, offering various games.
The criminal code of Canada prohibits online gambling operations from being based in Canada, but it does not prohibit Canadians from participating in online gambling activities offered by offshore operators.
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Online Gambling Market Scope
Online Gambling Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada online gambling market size, by type, 2018-2030 (US$M)
Canada Online Gambling Market Outlook Share, 2023 & 2030 (US$M)
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