Canada's Online Gambling Market Hits $4.61B in 2025, Driven by Secure Payments
Canada's online gambling market has seen significant growth, with a staggering $4.61 billion in revenue in 2025 and over 19.3 million active gamblers. The market's expansion is driven by secure and fast payment methods, with bank-based options like us bank and pnc bank, and e-transfers leading the way.
Bank-based payment methods, including us bank and pnc bank, account for approximately 40% of all online casino transactions in Canada. This is due to their convenience and security, allowing players to connect their bank accounts directly to casinos for real-time transfers. Meanwhile, Interac e-Transfer dominates the payment landscape, handling billions of transactions yearly, including those in the gambling sector.
Instant payment methods are also popular, with over 70% of Canadian online casino players preferring them. Ilixium, a digital payment platform, is one such method, praised for its speed, security, and low fees. However, as of 2023/2024, it is not widely available at Canadian online casinos. Other popular instant payment methods include PayPal, which has over 25 million active users in Canada, and cryptocurrencies like Bitcoin and Ethereum, which offer privacy and speed despite regulatory challenges and price volatility.
The growth of Canada's online gambling market is heavily influenced by secure and fast payment methods. While bank-based options like us bank and pnc bank, and e-transfers currently dominate, digital payment platforms like Ilixium are gaining traction. Despite Ilixium's popularity, it is not yet widely available at Canadian online casinos. Players are advised to check with both Ilixium and their preferred casinos for updates on availability. Meanwhile, other secure and fast payment methods, such as Interac e-Transfer, Skrill, Neteller, and ecoPayz, remain popular choices.
