Best Sports Betting Sites in Ontario February 2025
By Sam Clarke
Published on 16 January 2025 | 05:34 - Updated on 14 February 2025 | 10:25
Best Sportsbook for Odds - TonyBet
TonyBet offers 34 sports categories to bet on. Each sport comes with highly competitive odds and usually the sporting events at TonyBet are found to have the best odds in Ontario. These odds are laid out clearly under each event in the form of American odds, that feature a minus or plus to indicate which team or person is the favorite and underdog.
There are several niche sports on offer at TonyBet, that aren’t available at other sportsbooks, such as alpine skiing, gaelic football and squash to name a few. If you can’t find your dream wager at TonyBet, you won’t be able to find it anywhere. This sportsbook is not only the best platform for odds in Ontario, but they are a great all in one option for both newbies and experienced bettors.
TonyBet Sportsbook Ontario
Pros
- Extensive Esports Betting Markets
- Can Deposit Using Crypto
- 24/7 Customer Support
Cons
- Lack of Live Streaming Options
- Slow Loading Times
Best Sportsbook for User Experience - Caesars Sportsbook
Caesars Sportsbook is the best sportsbook in Ontario for the overall user experience. Both new customers and existing players can enjoy the marvellous platform that Caesars has created. They've got a knack for knowing exactly what users want. All players can rack up points with every bet and turn those points into great perks such as hotel stays or dinner at one of Caesars' properties. These long-term benefits across other parts of their business, makes it appealing for Ontarians to keep coming back to Caesars Sportsbook.
Caesars stands out for more than just their user experience though. They are the only sports betting site in Ontario that requires all players to be 21, instead of the minimum legal age for gambling in Canada of 19. This is a brilliant responsible gambling measure taken by Caesars to ensure that all new customers aren’t young when they decide to sign up and gamble on their platform.
Caesars Sportsbook Ontario
Pros
- Competitive Odds
- Reliable Live Betting
- Simple Bet Tracking
Cons
- Limited Niche Sport
- Lack of Certain Betting Types
Best Mobile Sportsbook - Casumo
Casumo Sportsbook in Ontario has quickly established itself as one of the top-tier mobile sports betting platforms around, offering a seamless and user-friendly experience that sets it apart from the competition. The platform has a good selection of sports and betting markets, including popular leagues such as the NHL, NBA, NFL, and MLB. Casumo also excels in providing live betting options, allowing users to place bets in real-time.
The mobile app is highly responsive, offering smooth performance and quick access to betting markets and account features. Coupled with exceptional customer support and a range of deposit and withdrawal options, Casumo provides a comprehensive and enjoyable betting environment that caters to the needs of Ontario's sports bettors.
Casumo Sportsbook Ontario
Pros
- Unique Interface
- Huge Selection of Sports Markets
- Competitive Odds
Cons
- No UFC or Boxing Betting Markets
- Limited Promotions
Best Sportsbook for New Bettors - Bet99
Bet99 is the best sportsbook for new bettors in Ontario. The platform features detailed tutorials and guides that help new bettors understand different types of wagers, making it an excellent starting point for those new to sports betting. Bet99 also excels in creating a welcoming and supportive environment for new bettors through its generous promotional offers.
New users are greeted with attractive welcome bonuses, which provide an excellent boost to their initial bankroll. With its blend of accessibility and educational resources, Bet99 stands out as the best sportsbook for new bettors in Ontario.
BET99 Sportsbook Ontario
Pros
- Focus on Canadian Sports
- Comprehensive Betting Menu
- Lots of Promotions
Cons
- Limited Availabilty
- Slow Withdrawals
How We Choose Which Sportsbooks are the Best
Odds
Interface
Payment Methods
Withdrawal Time
Customer Support
Reputation
Live Betting
BETMGM Sportsbook Ontario
Pros
- Safe Licensed Brand
- Celebrity Endorsements
- Daily Promotions
Cons
- Limited Availabilty
- Slow Withdrawals
Ontario Sports Betting Law
Sports betting is legal in Ontario. Canada’s most populous province launched their fully fledged online sports betting market in April 2022 when 13 sportsbooks opened their online betting platforms up to the public. Since then, the number of sportsbooks in Ontario has more than doubled and there are now more than 30 high quality sportsbooks to choose from.
Each and every one of these online sportsbooks has been vetted and given the go ahead by iGaming Ontario and have received a registration by the AGCO. To complete these steps, these organizations will have met rigorous standards of game integrity, fairness, player protections and social responsibility. Their sites must have controls preventing underage access and measures to enable more responsible gambling. They have entered legal agreements ensuring compliance with applicable laws, including anti-money laundering. These measures have made licensed sportsbooks in Ontario some of the safest in the world.
Ontario Sports Betting Tax
For the most part, winnings made on sports betting in Ontario are tax free. The only exceptions are for professional gamblers and winnings that will earn interest. The Income Tax Act of Canada states that this is the case for all types of gambling, not just sports betting. Therefore if you win money from an online casino, horse racing, poker, daily fantasy sports and sports betting you will not need to pay any tax as long as you don’t fall under the exceptions listed above. This law stretches across all of Canada, not just Ontario.
If you are a professional gambler, you must declare all gambling winnings as part of your taxable income. This goes for both provincial and federal tax assessments. Losses are deductible from the total taxable amount.
If you invest the money you make from gambling winnings and then earn interest or more money from this investment, you will need to declare this on your T3 & T5 slips, along with a T5013 form. These earnings must be shown as part of your investment income. The rate of taxation will fall between 15% and 33%, based on your income.
Meanwhile, all online sportsbooks are taxed at 20% on the sports betting revenue they receive. Each sportsbook must pay a $100,000 licensing fee to iGaming Ontario (iGO) in order to get set up in the province.
How to Bet on Sports
Choose a Sportsbook
Sign Up
Deposit Funds
Wager on Sports
NorthStar Bets Sportsbook Ontario
Pros
- Canadian Owned Sportsbook
- Beautiful Visuals
- Integrated with Local Sports Media
Cons
- Delayed Withdrawal at Times
- Slow Customer Support
Sports to Bet on in Ontario
CFL
The Canadian Football League is a professional football league in Canada. It consists of nine teams divided into two divisions: the East Division and the West Division. The league's regular season runs from June to November, culminating in the Grey Cup championship in late November, which is one of Canada's most popular sporting events.
Sports bettors in Ontario can place wagers on CFL games in various ways:
- Moneyline Bets: Bettors choose which team they think will win the game outright.
- Point Spread Bets: Bettors wager on the margin of victory or defeat. For example, if a team is favored by -6.5 points, they must win by at least 7 points for the bet to win.
- Over/Under Bets: Bettors predict whether the total points scored in a game will be over or under a set number.
NHL
The National Hockey League (NHL) is a professional ice hockey league comprising teams from Canada and the United States. The league is one of the major professional sports leagues in North America, and it features 32 teams (as of the 2021-2022 season). The NHL season runs from October to April, followed by the Stanley Cup playoffs.
Ontario sports bettors have several options for betting on NHL games such as:
- Moneyline Bets: Bettors choose which team will win the game.
- Puck Line Bets: Similar to point spread bets, but typically the spread is set at +/- 1.5 goals.
- Futures Bets: These include bets on the Stanley Cup winner, conference champions, individual awards like the Hart Trophy, etc.
NBA
The National Basketball Association (NBA) is a professional basketball league in North America, consisting of 30 teams. It is widely regarded as the premier basketball league in the world. The NBA season runs from October to April, with playoffs extending into June.
In Ontario, bettors can place various types of wagers on NBA games such as:
- Point Spread Bets: Betting on the margin of victory. For example, a team might be favored by -5.5 points.
- Total Points Bets (Over/Under): Predicting whether the total points scored by both teams will be over or under a set number.
- Futures Bets: Bets on season-long outcomes, like which team will win the NBA Championship, who will be MVP, etc.
MLB
Major League Baseball (MLB) is a professional baseball organization and the oldest of the major professional sports leagues in the United States and Canada. The MLB season runs from late March/early April to October, followed by the postseason leading to the World Series.
Sports bettors in Ontario have multiple ways to bet on MLB games such as:
- Run Line Bets: Similar to point spreads in other sports, typically set at +/- 1.5 runs.
- Total Runs Bets (Over/Under): Betting on the total number of runs scored in a game.
- Prop Bets: Bets on specific events within a game, such as home runs hit, strikeouts by a pitcher, etc.
MLS
Major League Soccer (MLS) is a professional soccer league in the United States and Canada. It is the highest level of men's professional soccer in these countries. The league consists of 29 teams, with the regular season running from late February or early March to October, followed by the MLS Cup Playoffs.
The most popular types of bets on the MLS by Ontario bettors are:
- Moneyline Bets: Betting on the outcome of a match (win, lose, or draw).
- Total Goals Bets (Over/Under): Betting on the total number of goals scored in a match.
- Prop Bets: Betting on specific occurrences, such as the first goal scorer, the number of corners, player performance, etc.
- Parlays: Combining multiple bets into one wager for a larger payout.
In Ontario, these bets can be placed through legal sportsbooks, either online or at physical betting locations, providing a wide array of options for sports enthusiasts to engage with their favorite leagues.
