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Ontario IGaming Sees February Hangover after January Peak Ontario's controlled iGaming market cooled in February 2026, following a record-breaking January according to iGaming Ontario's current report. Industry analysts describe the slowdown as a normal "February hangover" impact. Despite the dip, the marketplace stays among the strongest in The United States and Canada. Both Canada online casinos and Canada online sportsbooks revealed indications of normalization. However, underlying development trends continue to support long-term expansion in Ontario gambling. February Revenue Decline Signals Ontario iGaming Market Cooldown Ontario tape-recorded approximately $8.7 billion in overall wagers in February 2026. That figure represents an 8% drop from January's $9.5 billion record. Meanwhile, total gaming profits was up to around $342 million. This marks a 15% decrease compared to January's peak performance. By the Numbers Total wagers: ~$ 8.7 billion (down 8% month-over-month). Total profits: ~$ 342 million (down 15%). Active player accounts: ~ 1.3 million (down ~ 2%). Average income per player: ~$ 264 (down ~ 13%) The slowdown follows a rise driven by NFL playoffs and seasonal engagement. Therefore, February's decline reflects anticipated market habits instead of instability. Sports Betting Performance Drops After Super Bowl The Canada online sportsbooks sector experienced the steepest decline throughout February. Sports betting profits dropped by approximately 29% month-over-month. At the very same time, total wagering manage reduced by about 20%. This sharp decline originates from completion of the NFL season. The Super Bowl produced strong betting volume early in the month. However, player-friendly outcomes, including a decisive Seattle Seahawks win, minimized operator margins. Consequently, sportsbooks retained less profits compared to January.