Deposit Options At Ontario Online Casinos

Online gambling is legal in Ontario in certain circumstances. As long as the government oversees the online casinos, Ontario residents are able to freely gamble to their hearts are content. 

There are plenty of deposit options such as Interac, e-transfer, and debit and credit cards to choose from. The money deposited at legal sportsbooks like Proline+ and legal casinos is safe, especially compared to illegal online casino websites. 

The province has procedures in place to oversee legal operations, in particular, the Ontario Gaming and Lottery Corporation (OLG). Many of the non-Canadian casinos offering services to Canadian residents are well known and trusted in their home countries.

Best Online Gambling Sites In Ontario  

SiteHow To AccessDeposit OptionsCashout Options
BetMGMWeb browser
iOS app
Android app
Debit card
Credit card
PayPal
Skrill
VIP Preferred
PayPal
Skrill
Cage at MGM Grand Detroit Casino  
BetRiversWeb browser
Android app
Debit card
Credit card
PayPal
Golden NuggetWeb browser
iOS app
Android app
Debit card
Credit card
PayPal
Cage at Golden Nugget Atlantic City
PayPal
DraftKingsWeb browser
iOS app
Android app
Debit card
Credit card
PayPal
Debit card
Credit card
PayPal
Cage at Resorts Casino, Atlantic City
FanDuelWeb browser
iOS app
Android app
Debit card
Credit card
PayPal
Cashier cage at MotorCity Casino 
PayPal
Cashier cage at MotorCity Casino 
Olg.caWeb browserDebit cardBank account  

Methods To Deposit Money Using An Online Gambling App In Ontario 

Ontario online casino gamblers have several options to deposit their money and start playing. Each method has its positives and negatives. Here are the details so you can know which one is right for you: 

Interac e-transfer

Electronic transfers are a simple and straightforward method that doesn’t require you to open any new accounts. Just use your existing bank account if it has Interac enabled. The main reason to use Interac is that it’s easy to make a payment and the money is available instantly. 

Interac has been popular as a payment method in Canada ever since it was introduced over 30 years ago. It is available at over 200 banks across the nation. 

The only drawback could be if your bank charges any additional fees for the transaction. Many banks will charge around $1 – $1.50, but some include Interac in their monthly banking fees.

Credit And Debit Cards

Using your Visa or Mastercard at an online casino in Canada might seem like a good idea. After all, credit card companies are usually concerned about safety. That means they will only accept transactions from legitimate casinos. You may already have a card, so you don’t need to register or verify anything to get started. However, using your cards may not always be the best option. 

The first thing to keep in mind is if your bank or credit card company will allow you to use the card. Some companies don’t consider online gambling to be legit, so they may block the transaction. Others will charge fees, especially if they consider the casino deposit to be a cash transaction. 

You should also be aware when you use a credit card that technically you are gambling with borrowed money. While in the heat of the moment it may seem tempting, you will eventually have to pay the money back.

PayPal

Using PayPal for Ontario casinos online can be a smart choice if you do it right. It’s a major payment company. Over the years it has grown to become one of the largest providers of payment services.

Still, not all online casinos will accept PayPal for a deposit. And as Canada operates in a gray area as far as regulation of online casinos, PayPal has to follow Canadian laws and may not allow transactions for Canada-based casinos just yet.

If you already have a PayPal account, then you can try this method. But if you have to open one just for depositing to an online casino, it may not be worth the trouble.

What Deposit Options Are Available For Apple iOS Users? 

Not many online casinos in Ontario accept Apple Pay for payments. However, you can use the card you have attached to your Apple Pay account to deposit at an online casino directly.

What Deposit Options Are Available For Android Users?  

Google Pay for Android users works in a similar way to Apple Pay. While most casinos have not started accepting Google Pay yet, you can use a credit or debit card to fund your online casino account.

How Do Cage Deposits And Withdrawals Work In Ontario 

Canadian online casinos will be legal in the near future. As of right now, though, most Canadian online gamblers have to use US-based online casinos. 

That means that the closest casino cage deposit and withdrawal option will be south of the border. States like New Jersey and Michigan do legal online casino betting with partnerships with land-based casinos.

When online casinos are brought to full legal status in Ontario, it’s guaranteed that there will be land-based casinos partnering with them. This will make it easy to do deposits and withdrawals at Ontario casino cages.

How To Deposit At Online Gambling Sites 

Depositing at an online casino doesn’t have to be complicated. Here’s how to do it.

  • Find the app or casino you want to use. Check the list of trusted online casinos to be sure you’re picking a legit one.
  • Register and provide identification. Casinos need to verify your age and identity to make sure you’re legally allowed to play.
  • Choose and set up your deposit method. Whether it’s a card, PayPal, or e-transfer you’ll need to decide on the method for your first deposit.
  • Place your first bet. Once your money is in your online casino account, you can start betting at slots, live casino games, whatever takes your fancy.

Let’s look at how to find out how to take advantage of deposit bonuses or promo codes to maximize your deposit. 

How To Cashout At Online Gambling Sites  

Hopefully, you will be a winner, and then you will be able to cash out. Often the withdrawal methods are limited to bank account transfers or you can choose to keep the winnings as credits in your account. 

Bank transfers usually take 3 to 5 business days to process so they are the slowest option.

Here are the steps you need to take to withdraw money from an online casino in Ontario: 

  • Log in to your account and go to Cashier. This is the section where you would usually make a deposit. It may be under the Account settings on the casino website or app.
  • Choose the best possible withdrawal option for you. It’s important to know in advance about any fees and how long each cashout option takes so you pick the right one.
  • Click on Withdraw and provide details. The casino will need to be provided with your bank or other information in order to cash out, it varies according to the company.

Winnings from both land-based and online casinos are completely tax-free. Only the companies who run gambling operations 一 the casinos 一 are taxed under current Canadian legislation.  

How To Take Advantage Of Bonus Offers When Depositing  

One of the best things about signing up for a casino for the first time is getting a bonus offer. 

If you are making a deposit, you could be eligible for deposit match bonuses. The casino will match the amount you deposit up to a certain amount. Some will match you 100%, others will offer less. Some give you a bonus in the form of free credits, also called welcome tokens, for signing up. 

The first step is to find a bonus offer. We’ve rounded up the best online casino bonus offers in Ontario to make it easy for you. After you’ve found one, the next step is to make a deposit. Be sure to know the terms of your bonus before depositing. Some casinos have minimum deposit amounts — if you deposit less you don’t get the bonus. It is usually not more than $10 to $20.

Then you can start gambling and use the bonus or offer. This is where the playthrough requirement usually comes into play. Broken down in simple terms, it means how much you must bet in order to receive the full value of your bonus.

If for example, a casino has a 10x playthrough requirement, you’ll need to wager the amount of the bonus 10 times in order to be eligible to cash out. If you get a $10 bonus with this playthrough requirement, you’ll have to bet $100 in total.

Is My Money Safe At Online Gambling Sites In Ontario?   

As long as you choose the right online casino, you are guaranteed to get your winnings paid out. This is one of the major benefits of using legal apps and sites. 

The authority responsible for regulating online gambling in Ontario is the Ontario Lottery and Gaming Corporation. If you have a dispute with an offshore casino then you’ll have to go by the rules of the casino’s home country. Often this is the US, but many are headquartered in Malta. Both countries have laws and regulations that govern casinos online. If you take the risk of gambling with an illegal site then you do not have any recourse if the site doesn’t pay you out. 

Deposit Options At Online Casinos FAQs

How old do I need to be to bet online in Ontario? 

In the province of Ontario, the provincial authorities set the minimum age to gamble, just like in all the other provinces across the country. The minimum age to gamble at a casino online is 19.

Who regulates online gambling apps in Ontario? 

The newly formed subsidiary of the  Alcohol and Gaming Commission of Ontario, iGaming Ontario, will regulate online casino operators. For now, the OLG conducts and manages land-based gaming facilities.

Are online casino sites in Ontario legit? 

Yes. There are several trusted casinos operating online in Ontario. However, you should research any online casino before you choose to deposit money. Read reviews from other bettors to see if they are legit. 

How do I know online gambling sites will pay me my money? 

The best way to be guaranteed that you can withdraw your winnings is to use a legitimate legal online casino. Offshore, unregulated, and illegal casinos are notorious for holding onto your money or in some cases shutting down operations completely so you lose your investment.

How quickly will I be paid my winnings online? 

Depending on the method you choose, withdrawals could be almost instant. In some cases, it takes up to five business days if you use a bank account.

What is the best method to deposit at an online gambling app in Ontario? 

Overall the best method for you depends on a few factors. First is if your payment method will charge you any fees. The second is speed, and how long it will take for funds to arrive in your casino account. Finally, you should find out if your preferred online casino actually accepts the payment method you want to use. 

About the Author

Fana Colette

Fana is a writer with a background in the fast-paced newspaper world of international journalism. Her experience in the legal field means she has a huge interest and passion for gaming legislation. When not keeping up with the latest news, you can find her sailing or swimming at the closest beach.