Canada’s Gambling Market in 2025: State Of Online Payment Methods

Canada’s online gambling market is being transformed in 2025 thanks to the uptake of more digital payment methods. Along with the technological advances, the market has seen record revenue and new provincial regulation legalizing iGaming. 

There is a growing need for fast, secure, and reliable transactions, and traditional payment methods like bank transfers and credit cards are being replaced by modern solutions like the Canadian crypto casinos that accept digital currencies and offer security, as well as PayPal casinos and those accepting Interac and Ilixium payments. 

Canada’s Gambling Revenue

The market is set to reach $15.59 billion in revenue in 2025, thanks to the more than 19.3 million active online gamblers in Canada. Ontario is the province that generates the most revenue from iGaming, with a recorded $228.7 million in April 2025, a 5.8% increase from the previous month. 

When looking at specifically casino gambling, the casinos and casino game market in Canada will reach $9.57 billion in 2025, with an annual growth rate of 2.67%. The active user market is likely to increase to 22.7 million by 2029, with a 54.8% user penetration in the same year. 

These figures show that there is national momentum, with growth in both the online and land-based gambling sector. And with growing interest in the industry and an increase in users, online platforms must use innovative payment methods to ensure all transactions are protected. 

Accepted Digital Payment Methods In Canada’s Online Gambling Market

As player activity increases, there is an increased demand in secure, safe, and fast payment methods. Below are the most-used and trusted digital payment methods in Canada’s online gambling market in 2025. 

PayPal

PayPal has been a popular choice for many years and is a trusted e-wallet in the country, despite a lack of casino adoption due to strict policies. It offers encrypted transactions, fast deposits and withdrawals, and privacy protection. PayPal is widely available in Canada, even if not every platform supports it. Players should note that there may be some additional withdrawal fees. Despite this, there are more than 25 million PayPal users in the country, and around 15-20% of gamblers use this e-wallet for transactions.

Ilixium

Ilixium is gaining a lot of popularity among Canada’s gamblers. It allows real-time top-ups using local bank accounts, and offers strong encryption and domestic backing. Most of the top casinos offer Ilixium transactions. Despite the fast deposits, players should take note that withdrawals can be delayed slightly.

iDebit

iDebit allows players to connect their bank accounts to their gambling accounts for direct, instant deposits and withdrawals. It is a well-established digital payment method that offers secure transactions because of the use of two-factor authentication to confirm any payment. 

Many gamblers who historically performed traditional bank transfers to fund their gambling accounts have switched to iDebit as it remains a familiar payment method. It offers almost instant confirmation (less than 5 minutes), which appeals to players looking for a trusted, fast way to pay and play. 

Interac

Interac is the most dominant Canadian gambling payment method. It deals with billions of transactions each year. It uses a peer-to-peer system, so deposits can be made directly from local bank accounts. It’s a debit and e-transfer payment that processes transactions efficiently, usually within a day or two, while getting rid of third-party privacy concerns (there’s no need to reveal private or financial information when moving funds). 

The only downside to Interac is the withdrawal cap some platforms enforce, meaning high rollers often seek alternative payment methods. 

Cryptocurrency

Cryptocurrencies, including Bitcoin and Ethereum, are the preferred choice of privacy-conscious gamblers. These digital currencies offer privacy, low fees, and instant transactions, without having to disclose any personal or banking details. 

Bitcoin and Ethereum accounted for 15% of all licensed iGaming deposits in Ontario in 2025. The crypto-casino revenue reached $81.4 billion last year, which was five times more than in 2022. 

The crypto market remains highly volatile and a regulatory grey area, but the popularity of crypto casinos is slowly increasing because of the benefits they offer.

Prepaid cards

Paysafecard and Flexepin are two popular prepaid card options. These cards are similar to bank cards; however, they’re not linked to an account. Instead, players buy the cards and upload a fixed amount, which can then be deposited at the casino. This is iedeal for those who want help controlling their budget or who prefer to gamble anonymously. 

Some prepaid cards have limits and may also charge a small service fee (around 2%). These cards can’t be used for withdrawals.

Future Outlooks 

Canada’s gambling market is looking set to continue to expand for the remainder of 2025 and beyond:

• Provincial expansion: Ontario is creating the template for other jurisdictions. Alberta launched regulated online gambling and sports betting earlier in 2025, and British Columbia is expected to do the same later this year. 
• Artificial intelligence: AI will be integrated into more casino platforms to spot fraud and suspicious activity in real time. 
• Mobile-first: More gambling platforms will be optimized for smartphone users.
• Crypto integration: Crypto deposits are already making up a large share of transactions, and more operators will invest in compliance tools and payment rails to manage these funds securely. As regulations become clearer, crypto will become more mainstream.

Players will continue to benefit from a wide range of payment methods throughout 2025, including trusted methods like Interac and alternatives like crypto and Ilixium.