Canada’s gaming sector is a profitable and varied industry, with the online gaming market estimated to be around $3.9 billion in 2024, while land-based operators add another $3.6 billion. The market is primarily led by provincial lottery and gaming services, but it also includes key players in different segments such as online gaming, physical casinos, B2B services, and First Nations casinos.
The Ontario Lottery and Gaming Corporation (OLG) is at the forefront of the online gaming market in Canada, providing a variety of products including online slot machines, lottery offerings, and sports betting through its Proline+ brand. Although it reported CAD$4.7 billion in revenue for 2023, it experienced a 6.5% decline due to heightened competition from other online casinos.
Great Canadian Entertainment is the top operator in the land-based casino market, managing 25 locations across five provinces. Their flagship Great Canadian Casino Resort in Toronto, which opened in 2023, boasts a vast gaming area, hotels, and entertainment options. While the company is privately owned, it is said to generate over $1 billion in annual revenue.
Bragg Gaming Group distinguishes itself in the B2B market, reporting revenues of $100 million in 2024 and forecasts of $140 million for 2025. Headquartered in Toronto, Bragg delivers a wide array of services for online gaming platforms and has grown its international presence by acquiring several global slots developers.
The Saskatchewan Indian Gaming Authority (SIGA) is a significant player among First Nations, operating seven casinos and earning $269 million in revenue in 2023. SIGA also manages PlayNow.com, the first online gaming site in Saskatchewan. Notably, all its earnings are reinvested into local communities and the province’s general fund.