Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Online gaming stocks

iGaming in Ontario is now legal and regulated. Here are the companies registered to facilitate iGaming in Ontario.

Online Gaming Stocks Jump to List

Open a Stock Trading Account Compare Brokers

The provincial monopoly on gambling has ended, and private businesses in Ontario can now enter the market for online sports and event betting. With this change comes a surge of new investment opportunities. Find out which companies to keep an eye on with our list of online gaming and iGaming stocks.

Promoted

National Bank Direct Brokerage

Go to site

Commission-free trading
Several account types available
Access to array of research tools

CIBC Investor's Edge

Go to site

Easy to use platform
Low fees
Student and young investor discounts

Finder Award

Interactive Brokers

Go to site

Access to international stock exchanges
Low margin rates
Powerful research tools

Our selection of top picks is based on the same criteria as our annual Stock Trading Platform Awards. This is updated yearly to reflect changes in the market.

"Best for" picks are those we've evaluated to be best for specific product features or categories – you can read our full methodology here. If we show a "Promoted" pick, it's been chosen from among our commercial partners and is based on factors that include special features or offers, and the commission we receive.

This isn't an exhaustive list of all the trading platforms out there. What's best for you depends on your own investing strategy, budget and financial goals.

Online gaming companies and stocks

Rivalry Corp.

PointsBet Holdings Limited

Rush Street Interactive, Inc.

Kambi Group plc

Penn National Gaming, Inc.

MGM Resorts International

Entain Plc

LeoVegas AB

Flutter Entertainment plc

Kindred Group plc

Rivalry Corp. (TSXV: RVLY)

Toronto-based Rivalry Corp. is a sports betting and sports media property that offers regulated online wagering on esports, traditional sports and casinos. Its subsidiary, Rivalry Ontario Corp., is a licensed iGaming operator in Ontario.

Market cap: C$79.955 million
YTD performance: -18.63%
1 Year performance: N/A
5 Year performance: N/A
P/E Ratio: N/A
Headquarters: Canada

Buy on National Bank Direct Brokerage

PointsBet Holdings Limited (OTC Markets: PBTHF)

PointsBet Holdings Limited provides sports, racing and iGaming products and services through its cloud-based technology platform in Australia, New Jersey and Canada. Its subsidiary, Pointsbet Canada Operations 1 Inc., is a licensed iGaming operator in Ontario.

Market cap: USD$471.465 million
YTD performance: -65.03%
1 Year performance: -80.43%
5 Year performance: 291%
P/E Ratio: N/A
Headquarters: Australia

Buy on National Bank Direct Brokerage

Rush Street Interactive, Inc. (NYSE: RSI)

Rush Street Interactive is an online casino and sports betting company that operates in United States, Latin America and Canada. It provides real-money online casino, online and retail sports betting and social gaming services. Rush Street Interactive Canada, ULC is a licensed iGaming operator in Ontario.

Market cap: USD$1.306 billion
YTD performance: -64.00%
1 Year performance: -50.54%
5 Year performance: 158%
P/E Ratio: N/A
Headquarters: United States

Buy on National Bank Direct Brokerage

Kambi Group plc (STO: KAMBI)

Kambi Group supplies managed sports betting services to gaming operators in Europe, the Americas and other international markets. Its software helps businesses stay compliant, compile odds, gather customer intelligence and manage risk.

Kambi Group has partnered with NorthStar Gaming (Ontario) Inc. to provide licensed iGaming services in Ontario.

Market cap: SEK$5.416 billion
YTD performance: -31.80%
1 Year performance: -56.84%
5 Year performance: 58%
P/E Ratio: 149.87
Headquarters: Malta

Buy on National Bank Direct Brokerage

Penn National Gaming, Inc. (NasdaqGS: PENN)

Penn National Gaming, Inc. owns gaming and racing properties and operates video gaming terminals. It offers casino gaming, online gaming, live racing, sports betting and digital sports content. The company’s brands include Ameristar, Argosy, Boomtown, Greektown, Hollywood Casino, Hollywood Gaming, Tropicana Las Vegas, L’Auberge, M Resort and My Choice.

Penn National Gaming owns licensed iGaming operations in Ontario through its subsidiary, Score Digital Sports Ventures (Canada) Inc.

Market cap: USD$5.158 billion
YTD performance: -40.37%
1 Year performance: -61.35%
5 Year performance: 239%
P/E Ratio: 12.45
Headquarters: United States

Buy on National Bank Direct Brokerage

MGM Resorts International (NYSE: MGM)

MGM Resorts International owns and operates casino, hotel and entertainment resorts in the United States and Macau. The company operates through 3 segments: Las Vegas Strip Resorts, Regional Operations, and MGM China.

The company’s casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. In Ontario, BetMGM Canada Inc. is a licensed iGaming operator.

Market cap: USD$15.206 billion
YTD performance: -20.48%
1 Year performance: -9.60%
5 Year performance: 233%
P/E Ratio: 14.81
Headquarters: United States

Buy on National Bank Direct Brokerage

Entain Plc (LSE: ENT)

Entain PLC is an international sports-betting and gaming company. The company provides online betting, sportsbook, casino, game, poker and bingo services through mobile and web applications. Its many brands include Optibet, NinjaCasino, BetMGM, Eurobet, CasinoClub, AGT, PartyCasino, bwin, Ladbrokes, Sportingbet and Gamebookers.

In partnership with MGM Resorts International, Entain offers licensed iGaming services in Ontario through BetMGM Canada Inc.

Market cap: GBP$8.074 billion
YTD performance: -18.45%
1 Year performance: -12.44%
5 Year performance: 116%
P/E Ratio: 32.52
Headquarters: United Kingdom

Buy on National Bank Direct Brokerage

LeoVegas AB (OTC Markets: LEOVF)

LeoVegas AB is a mobile gaming company that operates in Malta, Sweden and other international markets. It offers casino games, sports betting and e-sports betting under many brands including LeoVegas, GoGoCasiono, LiveCasiono, Bet UK, Pink Casino, 21.co.uk, Slot Boss, Pixel.bet, Expekt and CasinoGrounds. LeoVegas Gaming PLC is a licensed iGaming operator in Ontario.

Market cap: USD$585.918 million
YTD performance: N/A
1 Year performance: N/A
5 Year performance: 122%
P/E Ratio: 52.17
Headquarters: Sweden

Buy on National Bank Direct Brokerage

Flutter Entertainment plc (LSE: FLTR)

Flutter Entertainment is a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States and other international markets.

It offers sports betting and fantasy sports products, online games and casinos, peer-to-peer games, televised horseracing and business-to-business services. Flutter Entertainment owns FanDuel Canada ULC, a licensed iGaming operator in Ontario.

Market cap: GBP$15.815 billion
YTD performance: -23.55%
1 Year performance: -26.49%
5 Year performance: 79%
P/E Ratio: N/A
Headquarters: Ireland

Buy on National Bank Direct Brokerage

Kindred Group plc (STO: KIND-SDB)

Kindred Group is an online gambling business that operates primarily in Europe, Australia and North America. The company offers sports betting (including horse racing), casino and games, poker and bingo under various brands like 32 Red, bingo.com, Unibet and OttoKasino.

Kindred Group owns Unibet ON Inc., a licensed iGaming operator in Ontario.

Market cap: SEK$21.676 billion
YTD performance: N/A
1 Year performance: N/A
5 Year performance: 131%
P/E Ratio: 97.34
Headquarters: Malta

Buy on National Bank Direct Brokerage

What is iGaming?

iGaming refers to betting on games or events online and includes internet sports betting, online casinos, online lotteries, poker apps and more. The term is not to be confused with eGaming or eSports, both of which refer to the video game industry.

According to a study conducted by The Business Research Company, the online gambling industry was worth $66.7 billion USD in 2020 and is expected to be worth $92.9 billion USD by 2023.

The Canadian Gaming Association estimates that Canadians spend around $10 billion on illegal sports betting organizations and $4 billion on offshore online sports betting websites.

In April 2022, private sports betting operations became legalized and regulated in Ontario, making it much easier for such businesses to operate legitimately in that province. The move could encourage the online gambling industry to expand—especially if other provinces follow Ontario’s lead—which could increase the value of online gambling and iGaming stocks.

Video game stocks

Compare brokers to invest in online gaming stocks

To buy online gaming stocks, you’ll need a brokerage account. Compare popular online stock trading platforms to get started.

1 - 5 of 5

Name	Finder Rating	Available Asset Types	Stock Trading Fee	Account Fee	Signup Offer	Table description
National Bank Direct Brokerage National Bank Direct Brokerage	Finder Rating: ★★★★★ 4.2 / 5	Stocks, Bonds, Options, Mutual Funds, GICs	$0	$0 if conditions met, or $100	Get $0 commission on all transactions with promo code: finder		Go to site View details	Compare	loading Fetching your data...
CIBC Investor's Edge CIBC Investor's Edge	Finder Rating: ★★★★★ 3.8 / 5	Stocks, Bonds, Options, Mutual Funds, ETFs	$4.95–$6.95	$0 if conditions met, or $100	N/A	An easy-to-use platform with access to a variety of tools to help you trade with confidence.	Go to site View details	Compare	loading Fetching your data...
Interactive Brokers Interactive Brokers Finder Award	Finder Rating: ★★★★★ 4.3 / 5	Stocks, Bonds, Options, ETFs, Currencies, Futures	min $1.00, max 0.5%	$0	N/A	Winner for Best Overall Broker in the Finder Stock Trading Platform Awards.	Go to site View details	Compare	loading Fetching your data...
Questrade Questrade	Finder Rating: ★★★★★ 4.3 / 5	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals	$4.95 - $9.95	$0	Get $50 in free trades when you fund your account with a minimum of $1,000.	Opt for self-directed investing and save on fees or get a pre-built portfolio to take out some of the guesswork.	Go to site View details	Compare	loading Fetching your data...
Qtrade Direct Investing Qtrade Direct Investing	Finder Rating: ★★★★★ 3.7 / 5	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs	$6.95 - $8.75	$0 if conditions met, otherwise $25/quarter	Get up to $150 sign-up bonus. Use promo code BONUS150. Conditions apply. Ends June 30, 2023.	Low trading commissions and an easy-to-use platform with access to powerful tools and a wide selection of investment options.	Go to site View details	Compare	loading Fetching your data...

Online stock trading

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.