Ontario Sports Betting - Best Legal Sportsbooks in 2024

Sports betting in Ontario is about to welcome several new online sportsbooks in the coming weeks and months. In fact, PowerPlay, BetSafe, TonyBet, Neo.Bet, and 20Bet have each officially requested a licence to operate in the province. Here’s a more detailed overview of each of these bookmakers: 

PowerPlay

PowerPlay is a long-standing online sportsbook with a massive international presence. They offer competitive odds and a wide range of sports and events to bet on, with a focus on popular Canadian markets like American football and basketball. 

BetSafe

BetSafe is a proven and reputable online sportsbook that has been operating in various markets for several years. They too offer a great selection of sports and events to wager on, with a particular focus on soccer (football) and horse racing.

TonyBet

TonyBet is a newer online sportsbook with a stranglehold on the European market. They offer a wide range of sports and events to bet on, with a major emphasis on niche markets.

Neo.Bet

Neo.bet is another new online sportsbook that offers a modern and innovative platform for sports betting. They also offer a solid range of sports and events to bet on, with a focus on popular Canadian markets.

20Bet

20Bet is another newcomer to the Ontario betting realm that also offers a vast selection of sports and events to bet on. Most notably, they have a user-friendly interface and a strong focus on live betting options, making them an accessible option for both new and experienced bettors alike.

Sports betting in Ontario, Canada has a rich history that dates back several years. Prior to the establishment of iGaming Ontario, sports betting was primarily regulated by the Ontario Lottery and Gaming Corporation (OLG). However, with the rise of online sports betting and the increasing popularity of iGaming, there was a need for a more streamlined and effective approach to regulation.

In 2012, iGaming Ontario was established as a subsidiary of the OLG with the aim of regulating online gaming in the province. The organization was established with the primary goal of ensuring that online gaming was conducted in a responsible and safe manner, while also generating revenue for the province.

In 2019, a new bill was introduced in the Canadian parliament known as Bill C-218, or the Safe and Regulated Sports Betting Act. The bill aimed to legalize single-game sports betting in Ontario and the rest of Canada, which was previously only allowed in the form of parlay bets. This bill was seen as a major step forward for sports betting in Ontario and Canada as a whole, as it allowed for greater flexibility and choice for sports bettors.

Despite the progress made with the Safe and Regulated Sports Betting Act, there are still some challenges facing Ontario sports betting.  For example, there are restrictions on the types of events that can be wagered on, as well as limitations on advertising and promotions. However, with the continued growth and popularity of sports betting in the province, it is likely that these restrictions will continue to be relaxed and that the industry will continue to evolve.

Ontario sportsbooks have come a long way over the years, and there have been several important legal and regulatory movements that have helped shape the industry. With the establishment of iGaming Ontario, the passage of the Safe and Regulated Sports Betting Act, and the increasing popularity of sports betting, it is clear that this is an industry that is here to stay and will only continue to grow in the years to come.

Single Betting vs Parlays

Single betting, also known as straight-up betting, is a form of sports betting where a bettor places a wager on the outcome of a single event or match. Until recently, single betting was illegal in Ontario, Canada, and the only form of sports betting that was allowed was parlay betting.

Prior to the introduction of Bill C-218, also known as the Safe and Regulated Sports Betting Act, the only form of sports betting that was available to Ontario residents was through the Ontario Lottery and Gaming Corporation’s (OLG) Proline and Proline+. These betting systems required bettors to place wagers on the outcome of multiple events or matches, known as parlay betting.

In addition to the restrictions on single betting and the limited options provided by Proline and Proline+, many Ontario residents also used offshore bookmakers to place sports bets. These bookmakers often operated outside of the jurisdiction of Canadian law, which made it difficult for authorities to regulate and monitor their activities.

Parlay betting is a form of sports betting where a bettor places a wager on the outcome of multiple events or matches. The bettor must correctly predict the outcome of all the events or matches in order to win the wager. Parlay betting has been legal in Canada for several decades and is still offered by the OLG through its Proline and Proline+ betting systems.

Even though single betting has a long history of being restricted in Ontario, Canada, recent legal developments have paved the way for its legalization. This not only provides more sports betting options to Canadians but also offers greater transparency and regulation for the industry as a whole.

In Ontario, Canada, sports betting is a highly regulated and exciting activity that can be enjoyed by eligible adults through a variety of channels. Whether through online sportsbooks with convenient sports betting apps, Ontario Lottery and Gaming retailers, or even in-person at one of the many kiosks or casinos located within the province, bettors have ample opportunities to participate in Ontario sports betting.

One of the key developments in the regulation of sports betting in Ontario is Bill C-218. This bill aims to ensure that the province remains a leader in providing safe, responsible, and fair sports betting opportunities for its residents. The purpose of the law is to create a regulatory framework that protects players, promotes responsible gambling practices, and helps maintain the integrity of sports events.

At the moment, the only full-service in-person sportsbook in Ontario can be found at Caesars Windsor casino. But with the growth of online sports betting and the continued expansion of betting options, it’s an exciting time for sports fans and bettors alike. Whether you’re an avid fan or just looking for a little extra excitement, sports betting in Ontario has something to offer everyone.

Who is Eligible For a License?

In Ontario, the AGCO (Alcohol and Gaming Commission of Ontario) holds a crucial role in the regulation of event and sports betting in Ontario. Whether through traditional channels such as casinos and lottery products or within Ontario’s internet gaming market, the AGCO ensures that operators meet high standards for player protection and game integrity, as well as responsible gambling practices.

For companies eager to offer sports and event betting, they must first be registered with the AGCO and conducted and managed by either iGaming Ontario or the Ontario Lottery and Gaming Corporation (OLG). It is worth mentioning as well that online Ontario sportsbooks must pay a $100,000 licensing fee and a tax rate of 20% to legally operate in the province.

Currently, Ontario sports betting is accessible to eligible adults through regulated online gaming sites, OLG Proline+ or OLG Proline. These operators are run by iGO and regulated by the AGCO, which ensures that Ontario betting is conducted fairly and responsibly, making it a thrilling experience for players.

Who Will be Able to Bet?

If you’re a fan of sports and a fan of wagering, Ontario, Canada has got you covered! All sports bettors must be at least 19 years of age to participate in legal Ontario betting through online sportsbooks and Great Canadian Sportsbook locations. However, if you’re 18 and fancy a flutter, you can still place physical bets at an OLG lottery terminal.

As of Feb 1, 2023, single-game betting is available at more than 10,000 Ontario retailers. With the best Ontario sports betting apps, you can place your bets on the go with just a few taps from anywhere within the province. The Alcohol and Gaming Commission of Ontario (AGCO) regulates all online sports betting in Ontario to ensure a fair and safe experience for all bettors. 

If you’re not in Ontario, don’t worry! You can still register for a sportsbook account and add funds from anywhere, but remember, you must be within Ontario’s borders to place a legal wager. The AGCO requires bettors to turn on location services and confirm their exact location before each wager.

There are five retail sportsbooks in Ontario and six other casinos that feature sports betting kiosks. Kambi supplies its sports betting solutions to ten Great Canadian Entertainment casinos and has finalized deals to offer retail sports betting at Fallsview Casino Resort and Casino Niagara. And the best part? Your gambling profits are not taxed in Canada, so you can enjoy 100% of your winnings.

Get ready to place your bets, Ontarians! With the advent of online sports betting in Ontario, you can now experience the thrill of wagering on your favourite sports from the comfort of your own home. Whether you prefer using a mobile device, tablet, or computer, there’s a sportsbook out there to meet your needs.

To get in on the action of Ontario sports betting, all you need to do is:

1. Find Your Ideal Sportsbook
   
   With a plethora of options at your fingertips, it’s important to do your research before choosing your go-to sportsbook. Check out betting lines, read reviews, and ensure your preferred banking methods are supported. Aside from some of the options listed above, you can also bet through a provincially regulated platform like Proline or Proline+.
   
   
2. Sign Up in Minutes
   
   Creating an account with Ontario sports betting sites is a hassle-free process. Simply enter some basic information and verify your identity, and you’re ready to start wagering! Note that while anyone in Canada can register, you must be physically present in Ontario to place bets.
   
   
3. Fund Your Account
   
   Depositing funds into your sportsbook account is quick and easy. Most Ontario sports betting sites accept a variety of payment methods, including debit cards, credit cards, Interac, PayPal, and eChecks. Unfortunately, cryptocurrency is not yet accepted as a form of payment in Ontario. Most deposits are fee-free but make sure to check for any relevant terms and conditions. 
   
   
4. Pick Your Bet Type
   
   Ontario sports bettors have access to a wide range of bet types, including popular options like moneyline bets, Over/Unders, live bets, point spreads, futures, and props. With big names like FanDuel, DraftKings, and PointsBet now operating in the province, the options are only getting better.
   
   
5. Get in on the Action
   
   Once you’ve familiarized yourself with the betting options and sportsbooks, it’s time to start wagering! Make sure to do your research and only bet on what you’re comfortable with.
   
   
6. Cash Out Your Winnings
   
   Withdrawing your winnings is a breeze. Most Ontario sports betting sites allow you to access your funds within a day or two, although some may charge a small fee. Regardless of where you are, registered iGaming operators must allow you to access your winnings.

Reading the Odds

American odds are the most common way of displaying odds in North America, and the default option for online sportsbooks. A minus sign (-) represents a favourite, while a plus sign (+) represents an underdog. For example, -150 odds indicate that you would need to bet $150 to win $100, while +150 odds tell you that a $100 bet would net you $150 in profits. If you’re unfamiliar with or uncomfortable using American odds, you can generally switch to fractional or decimal odds as well.

Popular Sports to Bet on in Ontario

Ontario sports betting is a thrilling pastime that has taken the province by storm. From the hard-hitting action of ice hockey to the grace and precision of basketball, bettors have a range of sports to choose from. But, what are the most popular sports to bet on in the province? Let’s take a look.

• 🏒 Hockey
  
  Hockey, undoubtedly, takes the top spot. With the Toronto Maple Leafs and the Ottawa Senators both calling Ontario home, it’s no surprise that the province is a hockey hotbed. Additionally, hockey is fast-paced, (fairly) high-scoring, and always exciting right up to the final minute of play. So, it’s easy to see why bettors flock to it, as it provides endless opportunities to place winning bets.
  
  
• 🏀 Basketball
  
  Basketball is another fan favourite, especially with the Toronto Raptors’ recent success in the NBA. With its high-flying dunks, clutch three-pointers, and nail-biting finishes, basketball is sure to keep you on the edge of your seat. The quick pace and fast-moving action make it an ideal sport for sports bettors looking to get in on the action.
  
  
• 🏈 American Football
  
  American football is another sport that has captured the attention of Ontario bettors. From NCAA college football to the CFL and NFL, football offers a wide range of betting options, from spreads to over/unders to props and futures. With its hard-hitting action, fast-paced gameplay, and endless scoring opportunities, football is a sport that’s guaranteed to keep you entertained.
  
  
• ⚾ Baseball
  
  Baseball is a staple in the sports betting world, and Ontario is no exception. From the excitement of opening day to the drama of the World Series, baseball is a sport that is rich in tradition and provides bettors with a range of betting options, including futures, over/unders, and run lines.

Ontario sportsbooks provide a wide range of sports to bet on for local Ontarians. From the high-flying action of basketball to the hard-hitting thrills of football and hockey, bettors have a world of opportunity at their fingertips. So, whether you’re a seasoned veteran or a newcomer to the world of sports betting, now is the time to get in on the action.

Most Popular Markets

The people of Ontario, Canada have a passion for sports that runs deep in their veins, and with the arrival of legal sports betting, this passion has only been fueled further.

The market for sports betting in Ontario is bustling, with a variety of popular betting options for sports fans to sink their teeth into. Here are the most popular sports betting markets in Ontario, each offering its own unique thrills and excitement:

• Moneyline bets
  
  This is the bread and butter of Ontario sports betting. A moneyline bet is a simple wager on which team or player will win a game. It’s an easy way to get started in sports betting and a great way to back your favourite team.
  
  
• Point spread bets
  
  Point spread bets are a bit more complex than moneyline bets but can be just as exciting. With point spread betting, you’re wagering on the margin of victory for a particular game. For example, you might bet on one team to win by more than seven points, or another team to win by less than seven points.
  
  
• Over/Under bets
  
  Over/Under bets are another popular bet type in Ontario. With this bet, you’re wagering on the total number of points that will be scored in a game. For instance, you might bet on the over if you think a high-scoring game is in the cards, or the under if you think the game will be a low-scoring affair.
  
  
• Prop bets
  
  Prop bets are a fun and creative way to bet on sports. These bets focus on specific events within a game, such as how many points a certain player will score, or whether a certain play will happen. Prop bets add an extra layer of excitement to sports betting, and are a great way to get in on the action.

In the world of Ontario sports betting, the difference between a licensed site and an unlicensed one can be the difference between a thrilling win and a devastating loss. When you choose to place your bets with licensed Ontario sports betting sites, you’re not only ensuring that you’re in compliance with Canadian law, but you’re also betting with a company that has been thoroughly vetted by the government.

Here’s a closer look at the differences between a licensed and unlicensed Ontario sports betting site:

Licensed Sports Betting Site: Licensed Ontario sports betting sites operate under the jurisdiction of the province and must adhere to strict rules and regulations. These sites are regularly audited by the government to ensure that they’re fair, secure, and transparent. Additionally, licensed sites must offer responsible gambling options and provide customer support that is regularly available, typically 24/7. This gives bettors peace of mind knowing that their funds are safe, their personal information is protected, and their betting experience is fair and enjoyable.

Unlicensed Sports Betting Site: On the other hand, unlicensed betting sites operate outside of the law, which means they don’t have to follow any rules or regulations. These ties are often run by rogue and often deceptive operators who have no qualms about cheating bettors out of their hard-earned cash. They’re also more susceptible to security breaches, which can leave your personal information and funds at risk. Additionally, unlicensed sites often offer limited options for betting, poor customer support, and subpar odds, which can make for a disappointing betting experience.

Why Should I Use a Licensed Site?

When it comes to sports betting in Ontario, the choice between a licensed and an unlicensed site can have a major impact on your experience. Here are a few reasons why you should always choose a licensed site in Ontario: 

1. Trustworthiness
   
   A licensed sports betting site operates under the watchful eye of the government, meaning you can trust that your personal and financial information will be handled securely. An unlicensed site, on the other hand, operates in the shadows, with no oversight to ensure your data is protected.
   
   
2. Fairness
   
   A licensed sports betting site must adhere to strict regulations, which ensure a fair and transparent betting experience. You can rest assured that the odds are calculated fairly and that the outcome of each wager will be determined by the actual performance of the teams, not by any outside influence. An unlicensed site has no such guarantees.
   
   
3. Legality
   
   Only licensed Ontario sports betting sites are allowed to operate legally in the province. Using an unlicensed site puts you at risk of engaging in illegal activity.
   
   
4. Peace of Mind
   
   With a licensed site, you can enjoy your sports betting experience with the peace of mind that comes from knowing your rights are protected. An unlicensed site offers no such protection and therefore, you run the risk of losing your money or personal information.

In short, when you bet on sports with licensed Ontario sports betting sites, you’re betting with a company that is fully committed to ensuring a fair and secure betting experience. On the other hand, betting with an unlicensed site is like playing with fire, you never know what you’re going to get. So, when it comes to sports betting in Ontario, always choose a licensed site to ensure that your experience is a rewarding one.