Alberta expects to collect about C$76 million in the first year of regulated iGaming, a projection tied to a market due to open on July 13.
Service Alberta Minister Dale Nally put first-year gross gaming revenue at about C$390 million. Under Alberta’s model, 2% of gross gaming revenue goes to First Nations, 1% goes to social responsibility initiatives and the remaining net iGaming revenue is split 80% to operators and 20% to the provincial government.
That formula leaves Alberta with about C$76 million in proceeds in year one.
The government-owned Play Alberta will compete with private operators from launch day. According to Yahoo Finance, the new revenue comes on top of existing money from Play Alberta, which reported around C$275 million in net sales for the fiscal year ended March 31, 2025.
Yahoo Finance also said around 70% of iGaming currently occurs with operators other than Play Alberta. The province has said it wants to bring more existing gambling activity under provincial regulation through the competitive market.
Alberta will become the second Canadian province to open private-sector iGaming competition after Ontario did so in 2022. Yahoo Finance said Ontario’s first year of competitive iGaming netted the province around C$87 million.
By late June, 47 operators had completed registration and paid their initial fees to the Alberta Gaming, Liquor & Cannabis Commission. The one-time application fee is C$50,000 and the annual registration fee is C$150,000.
Those operators still have to complete a dual-step process with the Alberta iGaming Corporation before they are ready for launch. A later update said the registered operator count then slipped to 46 after Grizzly’s Quest was removed from the registry, while the number of approved consumer-facing brands remained at 50 because some companies will launch more than one platform.
