Is sports betting legal in Canada?

Yes, sports betting is legal in Canada following Bill C-218 in August 2021, which legalised single-event sports wagering. Ontario has the most developed regulated market through iGaming Ontario.

Do I have to pay tax on sports betting winnings in Canada?

In most situations, recreational sports bettors in Canada do not need to pay income tax on their winnings. The CRA typically treats gambling proceeds as a windfall rather than taxable income for casual bettors.

What is the best payment method for Canadian sports bettors?

Interac e-Transfer is widely considered the best banking option for Canadian sports bettors because it is fast, familiar, widely accepted, and typically free of transaction fees.

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Last Updated: 2026

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