Canada’s regulated sports betting market has matured quickly since Bill C-218 came into force in 2021. Ontario led the way with its fully licensed iGaming market, and other provinces have followed with their own frameworks. The result: more legitimate sportsbooks competing for Canadian bettors than ever before. Here’s how the top options stack up.
What We Look For in a Canadian Sportsbook
Licensing and legality in your province
Competitive odds and low vig on major sports
Range of markets (NHL, NBA, NFL, UFC, EPL)
Live betting quality and mobile app performance
Welcome bonus value and realistic wagering requirements
Canadian deposit methods (Interac, credit cards, e-transfers)
1. Sports Interaction — Best for Canadian Hockey Fans
Sports Interaction (SIA) is the only major sportsbook that is fully Canadian-owned and operated, licensed in Ontario and accepting bettors across most of Canada. It’s been operating since 1997 and has the deepest Canadian sports coverage of any book.
Welcome bonus: Up to $200 matched deposit
Standout feature: Best NHL lines of any Canadian book; same-day Interac deposits and withdrawals
Weakness: Thinner international soccer and tennis markets than European competitors
If you primarily bet NHL, CFL, and NBA, Sports Interaction should be your first sportsbook. The Canadian-first focus means faster payouts and dedicated customer support in Canadian time zones.
2. Bet365 — Best Overall for Market Depth
Bet365 is a global giant and operates fully licensed in Ontario. It offers the widest range of betting markets of any book available in Canada — including the deepest EPL, Champions League, and cricket options.
Welcome bonus: Up to $200 in bonus bets for new customers
Standout feature: Live streaming for many sports, massive in-play betting selection
Weakness: Odds on North American sports are occasionally slightly worse than SIA or BetMGM
If you want to bet soccer, tennis, cricket, or international sports alongside North American leagues, Bet365 is the clear choice. Their mobile app is the best in the Canadian market.
3. BetMGM — Best for Props and Player Markets
BetMGM launched in Ontario in 2022 and quickly became a favourite for prop bettors. Their same-game parlay builder is sophisticated, and their player prop markets go deeper than most competitors.
Welcome bonus: Up to $1,500 in first bet match
Standout feature: Deep player props; best NBA and NFL same-game parlay tool
Weakness: Less competitive on puck line and NHL totals compared to SIA
4. FanDuel — Best for Parlays and Daily Fantasy
FanDuel migrated its daily fantasy user base into sports betting seamlessly. It operates in Ontario with strong NFL and NBA coverage and a particularly slick mobile experience.
Welcome bonus: Bet $5, get $200 in bonus bets
Standout feature: Large parlay bonuses; early cash-out feature
Weakness: Odds tend to be slightly weaker on underdogs
Which Sportsbook Should You Use?
For most Canadian bettors, the answer is to use at least two books and shop lines. A difference of -110 vs -115 on the same bet adds up significantly over a full season. Sports Interaction and Bet365 together cover virtually every market, and BetMGM’s welcome offer is worth taking for prop bettors.
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