Best Sportsbook Promos in Canada for May 2026

I've highlighted the best promos you can claim from the top Canadian sportsbooks on May 27, 2026 for the NHL, NBA, PGA, and more. Check out the best promos and bonuses for the start of postseason hockey and basketball. 

The sports betting landscape in Canada is quite vast, but some sportsbooks clearly stand out from the pack. Leading the way is ToonieBet with the best sportsbook promo in May 2026. However, several of the best Canadian betting sites are ready to challenge ToonieBet for the title, and some already have them beat in certain areas.

• ToonieBet – Best for casual Canadian bettors seeking a sleek mobile experience
• TonyBet – Best for straightforward promos and an extensive casino platform
• bet365 – Best for lor low-risk betting bonuses and wide market coverage
• Stake – Best for crypto enthusiasts and frequent bettors who enjoy VIP rewards
• PowerPlay - Best for NHL betting promos and casino players
• Betway – Best for regular sports betting promos and an easy-to-use app
• BET99 - Best for existing user betting promos and live streaming

Simple welcome bonus

The ToonieBet promo code offer is relatively straightforward, which recreational bettors will appreciate. The app offers a 100% deposit match up to $150 in bonus bets, and in my experience, the bonus release process was easy to follow as long as you understand that you need to wager your deposit amount first before the funds unlock.

Excellent ongoing promotions

What stood out most to me after using ToonieBet regularly was how often new sportsbook promos appeared throughout the week. I consistently found boosted odds, same-game parlay offers, and event-specific promos tied to major NHL and NBA games, and unlike some sportsbooks, the promotions were easy to find directly from the homepage without digging through multiple menus.

Reasonable playthrough requirements

The ToonieBet welcome offer requires a 6x playthrough requirement. While it's not the best in the industry, it is definitely reasonable. Other top sites like Stake and Betway require a 40x and 10x playthrough requirement, respectively.

Highlights of the ToonieBet sign-up bonus

Pros

✅ 100% match bonus rewards bettors with the full value of their qualifying deposit.

✅ ToonieBet sign-up bonus is suited for frequent bettors, but manageable for novice bettors as well.

✅ A stellar live betting experience for players who enjoy wagering on games in real-time.

Cons

✖ Bonus requirements are slightly more complicated than bet365’s.

✖ Value of the deposit match is capped at $150.

You don’t need a ToonieBet promo code to claim the sign-up offer if you follow one of the links or ‘Bet Now’ buttons on this page. For additional information on this brand, check out our ToonieBet review. 

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What I liked most about the TonyBet promo code offer is the strong deposit match and the fair playthrough requirements. I was able to claim a 100% deposit match up to $350, and the 5x rollover requirement was noticeably lower than at many other Canadian betting sites.

In my experience, clearing the playthrough by focusing on NHL moneylines and player props with qualifying odds felt pretty manageable, especially compared to sportsbooks that require much larger wagering volumes before bonus funds are released.

Highlights of the TonyBet welcome bonus

Pros

✅ At 5x, the rollover requirement is very manageable and much lower than some competitors, including Stake (40x).

✅ 100% deposit match offers great value worth up to $350.

✅ Bettors receive fast and flexible withdrawals.

Cons

✖ Similar to ToonieBet, the bonus bets are only released after completing the playthrough requirements.

✖ Fairly short time limit to play through deposit funds five times (14 days).

At TonyBet, you can double up your first deposit with a 100% match bonus by using the TonyBet promo code SIBONUS. Our TonyBet review breaks down everything you need to know, welcome bonus-wise and beyond. 

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What I’ve always liked about the bet365 bonus code offer is that you get a solid choice of two options. The “Bet $10, Get $50” offer is incredibly straightforward, but when I signed up, I chose the First Bet Safety Net of up to $1,000 instead because it let me place a larger wager with less downside risk.

I used it on a Colorado Avalanche moneyline bet, and the experience felt seamless — if the bet had lost, I would’ve received the full stake back in bonus bets, but since it won, the payout processed like a normal wager.

Highlights of the bet365 Sportsbook bonus

Pros

✅ Choice of two easy-to-use betting bonuses.

✅ At 1x, the initial wager requirements are much lower than Stake (40x) and other betting sites.

✅ Both welcome offers reward bettors with a guaranteed bonus.

Cons

✖ Short expiry limit on bonus bets, but it’s very manageable with the low 1x playthrough requirements.

✖ Similar to other betting sites, the stake is not returned when wagering with bonus bets.

To claim either of the bet365 welcome offers, simply use the bet365 bonus code SI365.  Check out our bet365 Canada review and bet365 Alberta review for an in-depth look at one of the top sportsbooks in the world. 

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The Stake promo code offer is easily one of the biggest welcome bonuses I’ve seen from a Canadian sportsbook, with a 200% deposit match worth up to roughly $4,100 CAD when you use the code “SICOM.” I claimed the bonus myself, but the 40x rollover requirement ultimately proved too high for me to fully clear.

That said, I can absolutely see the value for high rollers or users who regularly play casino games alongside sports betting, since both sportsbook wagers and casino play contribute toward the rollover requirement and help move progress along much faster.

Highlights of the Stake welcome bonus

Pros

✅ Extremely generous welcome bonus and the highest total value in Canada.

✅ No minimum odds or restrictions on bonus bets.

✅ The 200% deposit match doubles the industry standard.

✅ Stake accepts 20+ cryptocurrencies and MoonPay.

✅ Stake VIP Club is the top sportsbook rewards program.

Cons

✖ High 40x playthrough requirement can be difficult to complete for bettors who deposit the full amount.

✖ 30-day expiry limit on bonus funds makes smaller deposits more beneficial to casual bettors.

✖ Fewer traditional banking options available.

New customers can check out SI's Stake review and use the Stake promo code SICOM to claim a 200% match bonus on their first deposit, up to $4,100 (USD$3,000). 

Once you're signed up, start referring your friends to the brand using the Stake referral code SICOM to earn commission and additional rewards. 

Note: Stake is not available to bettors in Ontario. You can check out the latest sportsbook promos Ontario offers at our Ontario betting sites page.

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PowerPlay’s sports welcome offer gave me a 100% deposit match up to $500, one of the higher deposit-match bonuses I've come across. The bonus can be used across major sports betting markets, including NHL, NBA, NFL, and live betting, though it comes with a 20x playthrough requirement. 

The offer is especially well-suited for NHL betting because PowerPlay heavily caters to Canadian hockey fans, like myself, with extensive NHL coverage, live in-play markets, parlay specials, and recurring hockey promotions throughout the season. 

Highlights of the PowerPlay sign-up bonus

Pros

✅ A 100% match offers tremendous value worth up to $500.

✅ Attainable minimum odds requirement of 1.50 (-200).

✅ Crypto users can receive nearly instant withdrawals.

Cons

✖ The 20x rollover requirement is high for a offer valued at $500.

✖ If you end up exceeding $4,000 in your bonus funds, only a balance of $4,000 will be credited to your regular balance.

Betway’s welcome offer stood out to me because it gives you flexibility, letting you choose between a bonus bet up to $200 or up to $300 in bonus cash, plus 20+ casino spins, regardless of which option you pick.

For me, the $200 bonus bet with bet insurance was the most useful, since it effectively gave me a second chance if my first wager lost, which makes it especially appealing for more experienced bettors who are confident picking early value spots in markets like NHL props or MLB moneylines. There is a 10x rollover on the deposit match option, so this offer feels best suited to bettors who already know how to manage risk and take advantage of short bonus windows.

Highlights of the Betway Sportsbook sign-up bonuses

Pros

✅ Choice between two straightforward welcome bonuses.

✅ Bet insurance on the $200 offer doubles your chances of joining the winner’s circle.

✅ Frequent ongoing promotions to take advantage of.

Cons

✖ 10x rollover requirement on the deposit match is higher than TonyBet, bet365, and others.

✖ The welcome bonus is capped at $300 in total value + 50 bonus spins at Betway Casino.

Check out our Betway review for a deeper dive on this brand. No Betway promo code is required to claim this offer. 

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BET99’s First Bet Encore offer stood out to me as one of the strongest welcome promos in Canada, mainly because of how low-risk the structure. With up to $800 in bonus value, you basically get a safety net on your first wager — if it loses, you’re refunded in bonus bets, and if it wins, you keep the full payout, which makes it feel genuinely fair on both sides.

In my experience, there were no wagering requirements to deal with, which is a huge advantage over more restrictive promos, and the 14-day window to use the bonus gave enough time to place a thoughtful second bet rather than rushing into it. Overall, it feels like one of the most user-friendly and best-value onboarding offers for new bettors getting started on the platform.

Highlights of the BET99 sign-up bonus

Pros

✅ The bet insurance aspect allows you to make your initial wager with full confidence.

✅ No minimum odds or wagering requirements are tied to the bonus bets.

✅ Over 30 sports markets to place your bonus bets on, including NBA, MLB, NFL, and NFL. 

✅ Low $20 minimum deposit to qualify.

Cons

✖ Bets that are cashed out early do not qualify for the bonus.

✖ The bonus itself isn't withdrawable, but the winnings you generate are credited to your cash balance.

Our BET99 review breaks down everything you need to know to get started with one of Canada's best sports betting sites. Keep in mind that no BET99 promo code is required to claim this offer.

Odds boosts and SGP promos are available for Round 3 of the NBA playoffs at the best NBA betting sites. 

If you’re placing wagers with one of the best Alberta betting sites, claiming one of the best sportsbook promos in Ontario, or making NHL picks for upcoming games, you can expect to find odds boosts and parlay boosts for the biggest matchups in your market.

With the regulated iGaming Alberta market launching on July 13, 2026, Wild Rose Country residents will be able to place bets on some of the biggest operators in the game, like BetMGM Alberta and DraftKings Alberta. 

Joining an online sportsbook, downloading the betting app, and claiming the welcome offer have never been easier for Canadian bettors.

We have made it even easier by outlining the registration process in a step-by-step guide.

1. Choose a licensed sportsbook

Browse our list of preferred sportsbooks and choose one (or more) that suits you best. When comparing Canada betting apps, consider the welcome bonus and ongoing promotions, coverage of betting markets, odds quality, security, and user experience.

The betting sites listed throughout this page are legal and trusted options with terrific sportsbook promos for Canadians to claim, so you can’t go wrong with any of the selections listed here.

2. Visit the betting site and enter promo code to claim offer

Use the sign-up links on this page to visit the sportsbook site. If a promo code is required to claim the welcome bonus, enter it during registration.

3. Create an account and verify identity

Create an account and provide all required personal information to verify your identity. The standard information includes name, email address, phone number, and mailing address.

4. Deposit funds

Choose your preferred deposit method to fund your account. Most Canadian sportsbooks support Interac, credit cards, and some also accept cryptocurrencies. Ensure you deposit enough to qualify for the welcome bonus.

5. Place qualifying wagers (if applicable)

If the welcome bonus you’ve claimed has betting requirements attached to it, you can now begin placing bets to fulfill the terms before withdrawing bonus funds. Make sure you place smart, well-researched bets and avoid chasing the bonus with fast and risky wagers.

6. Unlock bonus rewards

Complete any betting requirements to unlock your bonuses and the ability to withdraw bonus credits. Any bonus bets or bonus cash will now be credited to your account.

Alberta residents will have the regulated iGaming market launch on July 13, 2026. Check out the Play Alberta vs. BetMGM and Play Alberta vs. DraftKings pages for more information on which platform suits you better. 

Canadian sportsbook promo offers for new sports bettors can be a fast way to grow your initial bankroll, but they come with conditions that can trip you up if you’re not careful.

One of the most frequent missteps is failing to use bonus funds before they expire. Another common mistake is failing to meet the playthrough requirements tied to them. In Canada, most sportsbooks give you a window of roughly seven to 30 days to wager those credits, so timing matters — don’t let them sit unused.

It’s also easy to overlook the fine print, which is where many users run into frustration. Details like minimum odds, rollover requirements, and eligibility rules play a critical role in whether you can actually convert a bonus into withdrawable cash. Staying aware of these conditions helps ensure you’re making bets that count toward clearing the offer.

There are a variety of sportsbook promotions you can expect to come across during your wagering journey with any legal betting sites in the Great White North. From welcome bonuses — including deposit match bonuses, bet and get deals, and first bet safety nets — to ongoing sportsbook promos for existing users, there truly is something for everyone.

I particularly enjoy the flexible terms that deposit match bonuses arrive with, but I also stay on the lookout for parlay boosts, SGP boosts, and reload bonuses offered by the betting sites I’m already enrolled with.

Here, we break down the most common types of betting offers available in May 2026.

Deposit match

Make a deposit and the sportsbook will match it with a specified percentage up to a certain amount. Many betting sites offer a 100% match on first deposits, helping bettors double their bankroll before they’ve even placed a wager, but the Stake.com promo code SICOM unlocks a 200% offer — extensive value for higher-volume players. My first deposit was for $500, so Stake rewarded me with $1,000 in bonus credits, bringing my total to $1,500.

There are often playthrough (or rollover) requirements that must be met before you receive your bonus cash or can withdraw it, so it’s always important to review the terms and conditions associated with the welcome bonuses you decide to claim.

Bet and get offer

With bet and get offers, you can receive bonus bets or bet credits after placing your first wager following registration. You can also receive this type of deal as an active user, so it’s important to check your sportsbook’s promotions semi-regularly.

An example is bet365’s bet $10, get $50 win or lose sign-up bonus. If you opt for this offer and your first wager is for at least $10, you will receive a $50 bonus bet regardless of the outcome. In some cases, you will only receive the bonus credits if your qualifying wager loses — otherwise it will settle as a regular winner.

I claim bet and get offers whenever I come across them for the sports I enjoy. Sometimes, I’ll find one for the NHL or PGA Tour and get rewarded with a bonus bet simply for placing a wager on a particular event, like the Masters or the Stanley Cup Finals.

First bet safety net

A first bet safety net — also known as a second chance bet or no sweat bet — is insurance for the first wager you place after creating your account. The safety net will award you with bet credits should your qualifying bet lose. The bonus bets you receive often carry the same total value as your opening bet, so they give you additional opportunities to land in the winner’s circle and are worth taking advantage of.

When you use bet credits, you will only receive the winnings on a correct wager, and the stake is not returned.

Odds boost

An odds boost enhances the odds and payouts on select bets, often parlays or same-game parlays (SGPs). They represent a way to get greater value on qualifying bets.

I enjoy placing NFL parlays on Sundays, so I check out the parlay boosts available to me across multiple sportsbooks and get boosted payouts if I hit winners. For SGPs, I usually take a team to win against the spread, plus a couple of anytime touchdown scorer bets, and combine them into a boosted parlay. You can find terrific options for the Big Game at any of the best Super Bowl betting sites.

Early payout

Sportsbooks offer early payouts on select sports under specific conditions. For example, some books, including bet365, offer early payout on NHL odds if your chosen team goes ahead by three goals at any time during the game.

Stake also has early payout deals for the NHL, NFL, NBA, and English Premier League. If your team leads by a specified amount — 12+ points at halftime in the NBA or at least two goals at the end of the second period in the NHL, for example — your wager will be paid out even if your team blows the lead and loses the game.

Reload bonus

A reload bonus allows you to receive bonus cash when reloading your account with a new deposit. This bonus could be up to a 100% match and may come with playthrough or rollover requirements.

This type of betting offer incentivizes bettors to make additional deposits with the same brand rather than opening a new account elsewhere.

No-deposit bonus

A no-deposit bonus is exactly what it sounds like: A bonus you receive without having to make a deposit. No-deposit bonuses arrive in the form of bonus bets, boosted odds, a promo code to claim bonus cash, or even free spins in an online casino, to name a few.

While no-deposit welcome bonuses have become increasingly rare, you can expect to receive them as an active customer with any of the sportsbook brands mentioned above.

Sportsbook loyalty program

Most sportsbooks offer loyalty programs that reward you with bonuses and perks simply for being a customer and placing bets. Some sportsbook rewards programs require you to bet a certain amount before unlocking the VIP perks, and many loyalty programs have tiers that hand out more benefits according to the total amount you’ve bet with the brand.

Stake’s VIP Club is the best sportsbook rewards program in Canada, offering monthly and weekly bonuses, rakeback, and reload offers, but it requires you to wager at least $10,000 to join the Bronze tier. This may sound like a substantial amount, but Stake counts all casino plays and sports bets, so it’s particularly rewarding for bettors who also enjoy blackjack, roulette, slots, or a huge selection of Stake original games.

Rating the best sportsbook bonuses goes far beyond simply looking at how much bonus money a sportsbook offers. Obviously, not all promotions are equal, and not all are suitable for every type of bettor.

We rate sportsbook promos by comparing their value versus the wagering requirements, how easy it is to claim and complete the offer terms, how fair the terms and conditions are for all bettors, and how frequently ongoing promotions are offered to existing users.

You can learn more about how we rate sportsbooks and betting apps at Sports Illustrated to help determine what matters most to you as a bettor.

The fun doesn’t stop with sportsbook sign-up bonuses, deposit match deals, and bet-and-get offers.

There are tons of ongoing promotions for bettors to choose from at the most popular sportsbooks across Canada. You can expect to find several seasonal or league-specific offers alongside regular options like early payouts, odds boosts, parlay boosts, and cashout options.

ToonieBet promotions for existing users

You won’t find as many ongoing sportsbook promos at ToonieBet as you do at Stake and other betting sites, but there are some solid options to choose from.

I appreciate the 50% Weekly Reload Bonus, as many sites cap secondary deposit bonuses at 25% and don’t always award them weekly. I hit a cold streak after my first month as a ToonieBet customer, so it was nice to get a boosted bonus when I made another deposit.

The Parlay Boost is another offer I regularly take advantage of at ToonieBet and other online sportsbooks.

TonyBet promotions for existing users

TonyBet usually offers at least 10 ongoing sportsbook promotions — including Pick’Em, Boost Your Odds, a Bettors Tournament, and Quiz Time. There are also a handful of casino promotions to choose from if you prefer slots or table games.

I particularly enjoy Quiz Time, which is a unique offer that rewards bettors for placing at least $200 in wagers over the last seven days. After completing this requirement, I gain access to a multiple-choice sports quiz that tests my knowledge and rewards me with a $20 bonus bet if I answer all 10 questions correctly, or points to use in Daily Quest if I fail to get them all right. I haven’t come across many sportsbook promos like Quiz Time, so it’s a fun perk for active bettors to look forward to.

bet365 promotions for existing users

bet365 is one of my favourite betting sites to use for player props, not only because of the vast quantity that are available to choose from, but also because of the Prop Protect and Sub On Play On sportsbook promotions. With these offers, I don’t worry as much about untimely injuries or substitutions because I’m eligible for a refunded bet or my wager will continue with the replacement player. This removes two variables that are out of my control as a bettor and gives me added incentive to place my prop bets with bet365.

Stake promotions for existing users

With the 2026 FIFA World Cup approaching, I have been testing my luck on UEFA Champions League matchups, English Premier League games, and reviewing Canada’s World Cup schedule as I prepare for the biggest sporting spectacle on the planet.

I have been lucky to take advantage of Stake’s Soccer Bad Beat Insurance on a few occasions, including a Brighton vs. Bournemouth EPL matchup. I bet on Bournemouth in the winner’s market, and Brighton tied the match in extra time, so I was happy I placed the wager with Stake and receive a bet refund since Bournemouth held the lead in the 80th minute.

Betway promotions for existing users

Betway has fewer ongoing sportsbook bonuses than many of its rivals, but it makes the most of the promotions it offers.

With Double Winnings, your payout will be boosted by 100% if you hit a first touchdown, first goal scorer, or first basket bet, and the player goes on to score again in the game. I enjoy testing my luck in first scorer betting markets, so I’ve started placing these wagers with Betway in hopes of doubling my returns. It’s particularly useful for NBA games because the chances of a second score are much higher here than in the NFL or NHL. I enjoy picking Scottie Barnes or Brandon Ingram to score the first basket for the Raptors, and have found the winner’s circle on a few occasions.