Top Rated Ontario Betting Sites 2023

The era of online sports betting in Ontario began on April 4, 2022, with the launch of over a dozen sportsbooks. While sports betting is also available in other provinces, Ontario is the only one to have a truly open market, attracting over 30 operators with more competition on the way.

Renowned sports betting sites such as BetMGM, FanDuel, DraftKings, Caesars, Unibet, and bet365 have all established operations in Canada’s most populous province, fighting for the attention of around 12 million eligible bettors.

If you’re looking for the best Ontario betting sites, sifting through all of them on your own might prove very time-consuming. To save you all the trouble, we made a list of the top recommended minimum deposit Ontario sports betting sites as ranked by our experts.

Is Online Betting Legal in Ontario?

Sports betting is legal in Canada, with each province being able to regulate the betting market as they see fit, bearing similarities to the US sports betting regulations. The Ontario sports betting market is fully legal and regulated. People in Ontario have had the option of legally placing sports bets since 1985, but there were restrictions. Namely, the only permitted types of bets were parlays and pari-mutuel wagers, as single-game bets were only made legal in 2021.

With the passage of Bill C-218 in April 2021, online sportsbooks were allowed to apply for licenses with iGaming Ontario (iGO), a newly established online gambling wing of the Alcohol and Gaming Commission of Ontario (AGCO). At first, online sports betting was only available through the PROLINE sportsbook run by the Ontario Lottery and Gaming Corporation (OLG), which launched in August 2021.

The full market launch took place on April 4, 2022, with over a dozen sports betting brands securing a license with the iGO, including Unibet, 888sport, Caesars, FanDuel, and other big industry names. The market quickly grew to feature over 30 online sportsbooks in Toronto and the broader Ontario area.

Best Betting Sites in Ontario

Ontario’s online sports betting market is brimming with options, providing access to over 30 sports betting sites and apps. While all of these essentially lets you do the same thing — place real-money bets across popular sports and events — there are many differences, including the quality of odds, market selection, payment policies, and more. Accounting for all of these key parameters, we concluded that these are the 15 best minimum deposit Ontario betting sites.

📖Ontario sportsbook	💵Minimum deposit
bet365	$5
BetMGM	$10
DraftKings	$5
FanDuel	$10
Caesars Sportsbook	$10
BetRivers	$10
bet365	$10
Unibet	$10
betway	$10
PROLINE+	$15
BetVictor	$10
PowerPlay	$10
Pinnacle	$10
BET99	$20
Sports Interaction	$10

Minimum Deposit Ontario Sportsbooks Reviewed

You saw our top 15, but now it’s time to narrow our list down even further to the five very best online sportsbooks that Ontario has to offer.

🥇#1 PointsBet

• Minimum deposit: $5 for PayPal, $10 for other methods
• Minimum withdrawal: $5
• Accepted payment methods: Credit/debit cards, Trustly, Interac e-Transfer, PayPal

PointsBet is an Australian-based sportsbook that has gained a lot of traction in North America over the past couple of years. The sportsbook offers great odds across the board, especially on popular NHL and NFL markets, and has a low minimum deposit limit of just $5 that’s perfect for a test run. Unfortunately, PointsBet’s unique form of wagering called PointsBetting is not available in Ontario.

Nevertheless, fixed betting is there in all its glory, and PointsBet provides it for a wide range of sports and leagues. It has an especially prominent offering of NFL game props, and those who like being in the heart of the action will appreciate the option to place live same-game parlays. PointsBet also boasts a very polished mobile app.

✅Pros	❌Cons
Wide selection of NFL props	PointsBetting not available in Ontario
Live same-game parlays
Streamlined mobile app

🥈#2 BetMGM

• Minimum deposit: $10
• Minimum withdrawal: $10
• Accepted payment methods: Credit/debit cards, PayPal, Interac e-Transfer, Apple Pay, online banking

BetMGM has a stellar reputation both offline and online. The BetMGM online sportsbook offers a great range of sports, competitive odds, and a cutting-edge mobile app. We like its Edit My Bet feature, while the Easy Parlay page is great if you want to save time and create simple parlays on popular markets. There’s also a good selection of events available for live streaming. The minimum deposit and withdrawal limits sit at the usual $10 mark.

While it does offer a nice variety of payment options, withdrawal times at BetMGM can be a bit slow, sometimes taking up to five days.

✅Pros	❌Cons
Over 25 sports to bet on	Relatively slow payout times
Plenty of events for live streaming
Edit My Bet feature

🥉#3 DraftKings

• Minimum deposit: $5
• Minimum withdrawal: $1 (PayPal only)
• Accepted payment methods: PayPal, check, electronic gift cards

DraftKings is the second-largest US sportsbook by market share, and its presence in Ontario is also noticeable. The DK sportsbook is one of the top options for Ontario bettors due to its large selection of props and alternative markets. It especially shines in the micro-betting department, offering exciting short-term live wagers on selected games. When it comes to low deposit betting, DraftKings takes the cake as the minimum deposit threshold is only $5, while withdrawals can be as small as $1 when using PayPal.

Mobile-first players will love the DraftKings app, which is very beginner-friendly and blazingly fast. The original odds on DraftKings are not always the best, but the operator makes up for it with a robust daily selection of odds and profit boosts.

✅Pros	❌Cons
Loads of micro-betting options	Small number of available payment methods
Great selection of props and futures
High-quality mobile app

🎖️#4 FanDuel

• Minimum deposit: $10
• Minimum withdrawal: No minimum
• Accepted payment methods: Credit/debit cards, PayPal, Trustly, Interac e-Transfer

FanDuel is a dominant market leader in the US when it comes to online sports betting, and it has all the tools to achieve the same thing north of the border. It boasts a supreme mobile app, treats players with loads of daily odds boosts, offers a wide variety of unique props, and has mastered the same-game parlays concept. The minimum deposit at FanDuel is the usual $10, while withdrawals come with no minimum limits.

FanDuel often has many alternative lines and odds, giving players the chance to find good value.

✅Pros	❌Cons
Great user interface	Cash-out options could be improved
Alternative lines and odds
No minimum withdrawal limit

🏅#5 Caesars

• Minimum deposit: $10
• Minimum withdrawal: $1 (Interac e-Transfer only)
• Accepted payment methods: Credit/debit cards, PayPal, Trustly, Interac e-Transfer

Caesars rounds out our top five and is another solid selection for Ontario bettors. Caesars doesn’t always have the best odds but features plenty of odds boosts. Its website looks very polished and easy to navigate, and the same thing can be said for the mobile app.

While Caesars has a solid market selection, it’s not as extensive in its props and in-play offerings as some of the other entries on this list. Keep in mind that even though the minimum betting age in Ontario is 19, Caesars decided to set it at 21. You’ll need to deposit at least $10 to start playing at Caesars but just like with DraftKings, the minimum withdrawal is $1 (when using Interac).

It’s also worth mentioning that Caesars Sportsbook is the official sports betting partner of the NHL.

✅Pros	❌Cons
Streamlined website and mobile app	Limited number of props and in-play markets
Plenty of odds boosts
In-demand Caesars Rewards loyalty program

Comparison of Top Ontario Sportsbooks

How to Get Started With Sports Betting in Ontario

1. Pick a licensed Ontario betting site. Our list features the best options for online sports betting in Ontario. As long as you’re at least 19 years old (or 21 in the case of Caesars) and physically inside the province, you can create an account on any of these platforms. Also, you are not limited to choosing a single online sportsbook.
2. Create an account. Once you reach your chosen betting site, start the signup process. This includes establishing your login credentials (email/username and password) and confirming your location and identity. You may also need to share your phone number and residential address. Betting through a desktop site requires using GeoComply so that the operator can confirm your location. To verify your identity, you must scan and upload an ID document clearly displaying your name and date of birth.
3. Deposit. Now that your account is running, you should establish a starting bankroll. Go to the deposit page and select a suitable payment method, like Interac, iDebit, Visa, or any other. Type in the deposit amount, taking into account the sportsbook’s limits, fill in the details and submit the payment. In most cases, your deposit should go through in seconds.
4. Place a sports bet. Go through the sports menu to find a game you want to wager on. As you select the odds, you’ll see them pop up on your betting slip. You are free to take both single bets and parlays. Review the slip, put in your stake, and submit the bet.
5. You won! What now? After a successful bet, you can keep the money in your account or withdraw some of the winnings. If you choose the latter, navigate to the withdraw tab, pick a payment method (some sportsbooks may force you to use the same payment method from which you deposited), type in the amount you want to cash out and send in your withdrawal request. The sportsbook might take a day or two to review your payout request, after which the money will be sent through the proper banking channels.

What Are the Banking Options in Ontario Sportsbooks?

Ontario betting sites offer a variety of ways in which you can deposit and withdraw your winnings. You can use popular credit and debit cards like Visa and Mastercard, opt for convenient e-wallets like PayPal, or stick to familiar Canadian-based payment systems like Interac e-Transfer or Interac Online.

Here’s more info about the most common banking methods for Ontario sports bettors.

Credit and Debit Cards

Credit and debit card options like Visa and Mastercard are accepted at nearly every online sportsbook in Ontario. They are easy to use; you just need to type in your card number and expiry date to complete the payment. The best thing about cards is that they provide instant deposits with minimum or non-existent fees. On the other hand, withdrawal processing is not the quickest, and you’ll sometimes wait several business days to receive your winnings.

PayPal

PayPal is an e-wallet that you can connect to multiple cards. It’s another convenient method through which you can complete online sports betting deposits and withdrawals within a few clicks. PayPal’s advantages lie in its simplicity, security, and relatively short processing times.

Interac

Interac is a Canadian-based payment system that allows for the easy and convenient electronic exchange of funds. There are two major types of Interac services — Interac Online and Interac e-Transfer. Both essentially do the same thing, but Interac Online is the preferred option. It allows you to transfer funds directly from your bank account and not share any financial information with the recipient. Therefore, it’s quicker and more secure.

Trustly

Online banking via Trustly is a secure way to complete deposits and withdrawals at Canadian betting sites. Link your personal checking or savings account to Trustly and use the service to make quick and easy online payments. Trustly transactions are generally fee-free and relatively fast, with flexible limits.

Apple Pay

If you’re using an iPhone or iPad to access Ontario sports betting platforms, Apply Pay might be the most convenient payment method available. It lets you link all your cards and accounts to a single Apple-based wallet. Apple Pay uses two-factor authentication with Touch ID and Face ID technology, making it a quick and highly secure payment option.

Popular Sports Betting Leagues in Ontario

Ontarians are sport-lovers and passionate supporters of their pro teams. Sports are embedded in the culture of Ontario and Canada as a whole, with major leagues such as the NHL, NFL, and the NBA attracting continuous attention.

NHL

Ice hockey is Canada’s national winter sport, so it’s safe to say that the National Hockey League enjoys the most popularity in the country. The NHL comprises 32 teams, seven from Canada, including two Ontario-based teams — the Toronto Maple Leafs and Ottawa Senators.

The season typically lasts six months, with each team playing 82 games from October to April, concluding with the Stanley Cup playoffs. The Maple Leafs are among the most successful NHL franchises, winning 13 Stanley Cups in their rich history, although they haven’t won one since 1967 and are dwarfed by their Quebec neighbours, the Montreal Canadiens, who have won 24 times.

NFL

Despite not having any home teams to cheer for, Canadians love watching the NFL, with some estimates suggesting that 20% of all Canadians follow the league closely. Like the NHL, the NFL has 32 teams divided into two conferences. The regular season lasts approximately four and a half months, with each team playing 17 games.

The Super Bowl is the crown of every NFL campaign, so expect to see plenty of activity at Ontario sports betting sites, with various specials and proposition bets on offer. Aside from the NFL, a lot of Canadians also watch and commonly bet on the CFL (Canadian Football League).

NBA

The National Basketball Association consists of 29 American teams and the Toronto Raptors. The Raptors were added in the 1990s as an expansion team, and after struggling to escape mediocrity for a couple of decades, they finally broke through in 2019 and won their first and only NBA championship.

The NHL and NBA seasons take place around the same time, and while basketball will always play second-fiddle to hockey in the hearts and minds of Canadians, the NBA is still relatively popular north of the border.

Top Betting Markets in Ontario

Here are some of the most common types of bets you will find on Ontario sports betting sites:

• Moneyline — A bet on who will win the game or whether the outcome will be a tie. Hockey betting also features a market called 60-minute moneyline that doesn’t include overtime.
• Point spread — This wager tasks you with predicting who will have more points when accounting for the handicap given to one of the sides. For example, the Maple Leafs are assigned a -1.5 spread, so they need to win by 2 or more points.
• Totals (over/under) — Guessing the total number of points or goals in a contest. If the total line for a hockey game is 7.5, you can bet on under (7 or fewer goals) or over (8 or more goals).
• Props — Proposition bets are a set of wagers that include miscellaneous in-game events, like which team will score first, which player will score the first touchdown, how many assists a player will have in a basketball game, will the game go to overtime, etc.
• Futures — These are season-long predictions. Some examples include guessing the league champion, the player to win an award, or the number of regular season wins a team will have.

Is Mobile Betting Available in Ontario?

You can access all Ontario-licensed sportsbooks remotely on your mobile device as long as you’re located within the province’s borders. The sportsbooks are available through mobile-friendly websites that run through your device’s browser, but downloading and installing apps is definitely better from the user experience standpoint.

How We Rate Ontario Sports Betting Sites

We didn’t pick our top Ontario betting sites at random. Instead, we put each sportsbook under a microscope and created a list based on our findings. Here’s the criteria and methodology that underpin our evaluation of these sportsbooks:

• Safety and licensing — Offshore sportsbooks still cater to Ontario bettors, but we advise against joining these platforms despite their seemingly lucrative promotions. All the betting sites on our list are licensed by AGCO and deploy cutting-edge security protocols.
• Deposit and withdrawal limits — with our team focusing on low stakes betting, having small deposit and withdrawal limits is a huge plus in our book.
• Sports and betting markets — A worthwhile betting site should feature odds on popular and niche sporting events and have a good variety of betting markets on each game. While most bettors will look for a deep selection of props on NHL and NHL games, some punters may want to explore their options beyond the blockbuster events and lay a bet or two on sports like table tennis, snooker, or Aussie rules.
• Quality of odds — The odds determine your potential payout, so this is the highest performance indicator of a given betting site and the one we value the most. Since there isn’t a single sportsbook that will always offer the highest odds, we advise you to browse through multiple sportsbooks when eyeing a given market and place a bet on the platform with the best price. This method is called odds shopping, and it’s the best way to ensure the highest possible return on your bets.
• Extra features — We always like to see a sportsbook that goes the extra mile and offers its customers handy features through which they can improve their betting experience. For example, imagine that you changed your mind or made a mistake when making a given bet and want to correct it. In such a case, a sportsbook with the Edit My Bet feature, like BetMGM, can come in handy.
• Variety of banking methods and payout speed — Every person has their own preferences when it comes to making online payments, so the more options a sportsbook has, the more suited it is to all bettors. And since everyone wants to receive their winnings as quickly as possible, we give extra points to sportsbooks that promise the shortest waiting times on withdrawal requests.
• Mobile betting — How well a sportsbook works on mobile devices is also very important. The number of betting app users is still on the rise, so offering a light, fast, and streamlined app with cutting-edge features is more important than ever.
• Support — A part of our review process also includes contacting customer support. This way, we can examine the response times and the level of helpfulness a customer in need can expect to receive.

Final Thoughts

Less than two years into its launch, the Ontario sports betting market looks like a thriving ecosystem with abundant opportunities for all types of bettors.

Over 30 top-tier operators compete to offer great odds and provide Ontario customers with the best possible service, but, of course, some do it better than others. We hope our list of the best Ontario betting sites will help you make the right decision and enjoy the ultimate online betting experience. It’s ultimately your choice, but our analysis has concluded that PointsBet, BetMGM, and DraftKings are the three most viable options in the province.

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