Legal real money online sports betting has been spreading across North America for some years, and now it is also available in the Canadian province of Ontario.
Today, the province is rich with competition made up of some of the biggest brands in the industry, which means you get to pick where you place your wagers and which operator offers you the very best odds and opportunities.
If you want to make some real money sports bets in Ontario, you have come to the right place. Our extensive Ontario online sportsbook reviews will give you complete insight into some of the best operators.
The Best Online Sportsbooks in Ontario
The North American sports betting markets have been booming over the last few years, but Ontario legal betting market has exceeded all expectations in size and speed of growth.
With many operators getting their licenses in the early months and players flocking to these sites to make real money bets on their favorite sports teams, the competition is stiff, and there are many great options.
These are our expert review team’s top sites for real money sports betting in Ontario:
BetMGM Sportsbook Ontario
Powered by BetMGM International and online gambling leader Entain, BetMGM Sportsbook is one of the most present in North America.
BetMGM Sportsbook Ontario jumped at the opportunity to launch on April 4, 2022, and immediately offered players a product that was 100% ready for real money play.
Both desktop and mobile players can enjoy pre-match and live sports betting at BetMGM Sportsbook Ontario, along with their casino and poker products, which are available through the same website.
You can _download the BetMGM Sportsbook app- and join the action!
Few brands in the iGaming industry resonate as much as 888, and it was no wonder to see their name among the early companies to launch a betting product in Ontario.
888 was the only company that launched casino, poker, and sports betting immediately on April 4, leading to them cornering a big piece of the market and making players feel genuinely welcome at their site.
At 888sport Ontario, players can enjoy an almost limitless selection of betting markets, live sports betting, the BetBuilder option for single-match parlays, BetFinder and BetFeed features for more straightforward navigation, and much more.
Download the 888sport Ontario app _and bet on your favorite teams and sporting events. _
DraftKings Sportsbook Ontario
Operated by the world’s largest daily fantasy sports operator, the DraftKings Sportsbook Ontario offers another premium sports betting product to the players in the province.
DraftKings offers a vast range of betting options and markets on a state-of-the-art betting platform that works like a charm on desktop and mobile devices.
Also, DraftKings Sportsbook Ontario users can also enter daily fantasy sports competitions with their accounts, offering more fun and competition than any other sportsbook out there.
Download the DraftKings Sportsbook Ontario app right here and enjoy a vast selection of betting options and markets available on the platform.
Ontario Online Sports Betting Law and Licensing
The Ontario Lottery and Gaming Corporation held a complete monopoly over all gambling in Ontario for decades, making it impossible for private companies to run gambling businesses.
Single-event sports betting was banned entirely under the law, which meant you effectively could not bet on sports in Ontario.
This ended in 2021 when Bill C218 was passed, legalizing single-event sports betting and making it possible for private companies to run online gambling games in Ontario. The Bill was a game changer and ultimately ended the monopoly of OLGC in Ontario.
Oversight of private online gambling was given to the Alcohol and Gaming Commission of Ontario (AGCO), which created a division called iGaming Ontario (iGO) to oversee this industry segment.
The two regulators created a set of rules and guidelines for future licensees over a period of close to a year. When all was ready, the first licenses were issued, and the first Ontario online sportsbooks launched on April 4, 2022, under these new licenses.
Since then, many new gaming licenses were issued by iGO to new applicants we sought to run online sports betting in Ontario. The market is quickly expanding with new operators, and as the competition gets stiffer, things are only getting better for the players by the day.
Ontario Online Sports Betting Taxes
The topic of taxation is always a burning one when it comes to gambling. First, there is the matter of taxes that operators must pay the state, and then there is the matter of taxes players must deliver on their winnings.
For legal Ontario online sports betting sites, the law instructs that they must enter a revenue share scheme with the province, by which 20% of the overall revenue operators make must be paid to Ontario.
This means that online sports betting operators in Ontario are taxed 20% on their revenue, which is a reasonable rate higher than some US states and lower than others.
On the other hand, there is some excellent news for the players. All gambling winnings are non-taxable in Ontario, meaning you won’t need to pay a single cent of your profits on your sports bets. Any money you cash out from a sports betting site is 100% yours to keep.
Getting Started with Online Sports Betting in Ontario
As the online sports betting market launched some time ago in Ontario, there is already a reasonable number of online sportsbooks to pick from. You can choose to join any of them or play at multiple sites simultaneously, and you can have an account at each one separately.
All Ontario sportsbooks offer a mobile sports betting option, and that the best online sports betting apps in Ontario offer a vast selection of betting markets with fantastic betting odds around the clock.
You can get started quite quickly by downloading a mobile betting app or joining via the operator’s website. All sports are covered, including local sports like football, hockey, and basketball, to various international sporting competitions.
Ontario sports betting sites now also offer live sports betting, which was not available in the past at any Canadian betting sites. This means you can bet on matches that have already started and make bets throughout the game, greatly amplifying your enjoyment of sports.
Are Ontario Sportsbook Safe and Fair?
For many years, Ontario residents had few options for placing sports bets. The only way they could do this was to risk playing at illegal offshore gambling sites with no operating license anywhere in Canada. This meant there was no recourse in case anything went wrong, and every bet was a double gamble.
Starting with 2022, Ontario sports bettors can finally feel safe as they bet with legal Ontario sportsbooks operating within the local laws’ confines. This means these operators must adhere to their gaming licenses’ strict terms.
All gaming licenses issued by iGO require operators to provide a safe gambling environment, including several things. The games must be fair and offer complete transparency, player funds must be kept safely segregated from operating funds, and responsible gambling tools must be made available.
All these things are true for Ontario sports betting apps, which offer an excellent level of security and some of the best responsible gambling tools.
Any bets placed with a legal betting operator will be paid out if they are winners, and there are no strange and hidden clauses or addendum that would make your bets not worth the money you invested in making them.
You can be sure that any money deposited in your online gambling wallet can be cashed out at any time and within a reasonable timeframe.
You can also self-exclude from play for any period you choose or limit your weekly and monthly deposits, which allows you to control your gambling and make sure you never bet more than you intended to.
The gambling regulators in Ontario, the AGCO, and iGO ensure that player safety is always the operators’ primary concern. Responsible gambling campaigns are constantly cooperating with local responsible gambling organizations, and Ontario bettors can feel safe when betting with licensed operators in the province.
Payment Options for Ontario Online Sports Betting
For sports bettors who enjoy making their bets online, it is of great importance that they can deposit funds when needed and make cashouts within a reasonable timeframe.
This is true with legal Ontario online sportsbooks, as they offer their customers some of the most modern and highest-quality payment options. All options are safe and reliable, as the operators use the latest security standards to protect the players’ funds and sensitive information.
Whether you are looking to fund your account and make bets or withdraw your winnings and enjoy the spoils of your successful bets, you can use some of the following methods to process your transactions:
- Online Banking
Is single-event sports betting legal in Ontario?
Yes! As of 2021, single-event sports betting is legal in the Canadian province of Ontario. The first licensed sports betting operators launched on April 4, 2022, and ever since then, real money bets could be placed at several legal and regulated sites.
Is it safe to bet on sports at offshore betting sites?
No! Any Canadian government agency or other Canadian regulator does not license offshore betting sites. This means they have absolutely no legal standing in Ontario, and you will have no recourse to resolve any issues you may have with them. Bet with licensed Ontario sportsbooks if you want to make safe bets and feel comfortable doing it.
Will I have to pay taxes on my gambling winnings in Ontario?
No! While online sports betting operators have to pay a share of their revenues to the province, players don’t have to pay any taxes on their gambling winnings in Ontario. Any money you win from legal sports betting is yours to do with as you please.
How old do I need to be to bet on sports in Ontario?
You will need to be at least 19 years old to bet on sports in Ontario, which is the legal age for all other forms of gambling in this province.
How can I cash out my winnings?
There are many payment methods that legal sports betting apps in Ontario offer for deposits and cashouts. This includes popular credit and debit cards like AmEx and MasterCard, e-wallets like NETELLER and PayPal, direct banking transfers, or ACH.