Best Paying Online Casinos - Highest Payout Casinos in Canada

What is a High Payout Online Casino?

You’ll find many articles online referring to the ‘best payout online casinos’ or ‘highest payout rates’, but it can be confusing to figure out exactly what they are referring to. In truth, the term ‘high payout rates’ is a bit of a catchall and can include several things.

1. A casino that pays all legitimate winners. In an ideal world, finding casinos with high payout percentage shouldn’t be hard, but at times it can be. Whether you are a new player or one of Canada’s seasoned pros, it’s all too easy to get lured in by dodgy casinos that either refuse to payout entirely or drag their feet.
2. A casino that offers games with good RTP rates. RTP stands for ‘Return to Player’ and is a theoretical rate, worked out over millions of test spins, at which a player should expect to recoup the money they gamble. Of course, this is a broad average, so it is still possible to win big (and lose), but, generally speaking, the higher the RTP percentage, the better. So, casinos offering more games with higher RTPs tend to have higher payout rates.
3. A casino that makes it easy to quickly withdraw your winnings. Sometimes, people will use terms like casinos with best payouts to refer to sites offering fast and convenient withdrawal options

Our research, reviews, and tips will help you find trusted, reputable Canadian casino websites with genuinely high payout rates. You’ll find that the best payout casino sites also tend to offer better customer service, a superior product line-up, and an all-around better user experience.

Highest Paying Online Casinos in Canada: Honest Reviews

Casino Friday – The Fastest and Best Paying Online Casino in Canada

Operating since 2020, Casino Friday has earned a reputation for fast gameplay, fast deposits, and fast withdrawals. In our opinion, it’s one of the best paying online casinos available to Canadian players today. And, it’s licensed by licensed by authorities in Curacao and the Kahnawake Gaming Commission, so you can play with complete peace of mind.

So, what can you expect (in addition to high payout rates, of course)? Well, how about almost 3,000 slots, table, and live casino games from providers including Playson, NoLimit City, Vivo, Tom Horn, and Spribe.

The site is well-designed, and there are immersive extras like Twitch-style Livespins streaming too.

Casino Days – Top Choice and High Payout Speed

If you’re a Canadian player looking for a casino with the highest payout, Casino Days could be the perfect choice. There’s an AGCO-licensed site for Ontarians and a Curacao-licensed site for everyone else. Both offer a very user-friendly experience, making them ideal for players of all levels.

When it comes to games, you’ll find over 4,000 excellent slots, table, crash, lottery, and live casino titles from top providers including Evolution, NetEnt, Pragmatic Play, and Relax. Plus, there are plenty of convenient payment options ensuring this is one of the casinos that payout fast.

PlayOJO – The Best Paying Online Casino with Zero Wagering Requirements

Here at WageringAdvisers.ca, we love PlayOJO for several reasons. Firstly, it’s a contender for the casino with the highest payout, and secondly, it has absolutely no wagering requirements. Yep, you read that right. PlayOJO has zero playthrough requirements. Best of all, it accepts Canadian players, with both an Ontario-licensed site and a Malta-licensed site for other players.

But, don’t think you’ve got to compromise on choice because of the incredible zero wagering. Nope, you can still enjoy a massive choice of slots and live casino games from providers like Play’n GO, NetEnt, Evolution, and Big Time Gaming. Québécois will be happy to know the site is also available in French too.

Jackpot City – High Payout Rates Since 1998

If track record is important to you, look no further than Jackpot City. This Alderney-licensed site was launched way back in 1998 and has been creating winners ever since.

It might look a bit old-school compared to some of its more youthful competition, but it still offers top-notch support, easy sign-up, and of course, one of the highest payout rates.

The games catalogue at Jackpot City consists of over 500 slots and live casino titles, mainly from Microgaming, but also from Pragmatic Play and Evolution. Payments are super quick and easy with services like Instadebit, MuchBetter, and Ecocard supported.

Spin Casino – Best Payout Online Casino for Gaming on the Go

If you’re looking for gaming on the go, check out Spin casino.

This mobile-optimised casino offers both Ontario and Alderney licensed sites, meaning it’s ideal for Canadian players. It’s proven itself as one of the highest payout online casinos and has a lot to offer in terms of product.

Indeed, you’ll find hundreds of slots and live dealer games from some of the world’s biggest providers, including Microgaming, Evolution, and Pragmatic Play. Depositing and withdrawing are easy and quick, with options including Skrill, Payz, MuchBetter, MiFinity, AstroPay, Paysafecard, Neteller, Visa, and Mastercard available.

Royal Vegas – The King of High Payout Rates

Another one of the best paying casinos in Canada offering both Ontario and internationally licensed (Alderney) versions, Royal Vegas makes a compelling choice for Canadians. This mobile-optimised online casino offers a clean user interface, a good choice of games, and excellent support.

Try over 700 slots, table, live casino and gameshow games, from top providers including Microgaming, Evolution, and Pragmatic Play. Royal Vegas is a member of eCOGRA so you can rest assured everything is fair and legitimate, and there are plenty of secure banking options making deposits and withdrawals fast and easy.

How to Find the Best Payout Online Casinos Canada

There are several things to consider when looking for casinos with the highest payout rates in the Canadian iGaming market. Needless to say, first and foremost is the casino’s reputation. You can usually gauge this by checking reviews, like those here at WageringAdvisers.ca, and various player forums. However, we also recommend that you check the following:

• Is the casino licensed? For a casino to acquire and keep a license from a reputable jurisdiction (for example Ontario, Khanawake, Malta, Curacao, Alderney, the UK), it must continually prove it is operating its business properly. Part of this is treating players fairly and paying out legitimate winnings in a timely manner.
• Are there sufficient payment options available? If you are looking for the best payout casino sites in Canada, you’ll need to pick one that offers fast and convenient withdrawal methods for Canadian players. It sounds obvious, but you should always check before playing. For more details about the best payment methods for fast withdrawals in Canada, check out our detailed fast payout guide.
• Does the casino offer games from reputable providers? An easy way to identify casinos that payout is by checking what software providers they work with. High-profile game providers like NetEnt, Evolution, Microgaming, Yggdrasil, and NoLimit City won’t risk their reputations by supplying dodgy casinos. Of course, this doesn’t mean the best payout casinos won’t also offer games from less well-known software providers.
• Do the RTP rates of games at the casino match those stated by the providers themselves? Return-to-Player (RTP) rate is the theoretical percentage a player can expect to get back when playing a game. The higher the percentage, the better for the player. As a rule of thumb, anything over 96% is decent. If you are suspicious that a casino’s games might not be genuine, or may have been altered, you can check the RTP against that stated on the website of the software provider itself.

Popular Payment Methods at the Highest Paying Online Casinos in Canada

The best payout casino will offer players a variety of payment methods for deposits and withdrawals. Below, we’ll run through a few of the most convenient and popular.

• Cryptocurrency – There are thousands of cryptocurrencies in existence, and today, many of the highest-paying online casinos in Canada support at least a few of them. The most popular include Bitcoin, Ethereum, Litecoin, XRP, Tether, and Dogecoin. They offer fast (in some cases, instant), low-cost transactions with a high degree of privacy. Keep in mind that crypto transactions are final, so there’s no way of canceling or amending them once confirmed.
• E-Wallets – Offering the convenience of digital payments with more customer support than crypto, e-wallets like Google Pay, Apple Pay, PayPal, Skrill, Cash App, and MuchBetter are very popular among Canuck casino players.
• Instant Bank Transfers – Services like Trustly and Interac link directly to your bank account but are much faster than traditional bank transfers. Keep in mind that some banks may ask questions about large transactions from casinos.
• Credit/Debit Cards – Many of the best payout casino sites also support cards like Visa, Mastercard, Maestro, and American Express. But, whilst they are convenient, fees can be high and some issuers may have specific restrictions regarding gambling usage.
• Bank and Wire Transfers – Most casinos with best payouts still offer the option of traditional bank and wire transfers. However, they can be very slow (up to 7 business days), expensive, and subject to high minimum thresholds.

New Best Payout Casino Canada in 2024

The online casino space is fast-moving, with new casinos becoming available to Canadian players all the time. But, don’t worry about missing anything, because our Canadian casino experts are constantly researching and reviewing. When something great pops up, we’ll let you know right here.

These are the top new sites with decent payout speed and high payout percentage rates:

About RTP and How to Check It

As we previously mentioned, one of the key attributes of the best payout casinos is offering games with good Return to Player (RTP) rates. RTP is expressed as a percentage. For example, if the RTP of a specific slot is 97%, then you can theoretically expect to get $97 back for every $100 you spend.

Many of the best paying online casinos will display the RTP of each game. Normally you will have to open the game and select the game rules/paylines info tab, but sometimes it will be displayed on the game thumbnail. Common RTPs can be anywhere from 94% to 97%.

Usually, RTPs are set by the game software provider, like NetEnt or Pragmatic Play, and can’t be altered by the casino operator. If you want to double-check that the RTP is correct, you can always go to the provider’s website and look up the game in their catalogue.

Wagering Advisers Tip:

Remember, RTP rates are calculated over millions of test spins. In any specific playing session, you should not expect to see the precise RTP in practice. As an individual player, spinning tens or hundreds of times, you should expect to win some and lose some. But, a higher RTP will theoretically reduce your likely losses over time.

How the House Edge Affects Payout Rates

While the RTP refers to the theoretical percentage a game tends to pay back to a player over a period of time, the house edge refers to the percentage the casino should theoretically earn from the player. So, the casino with the highest payout rates would have high RTP rates with a low house edge.

For example, a slot game with a 97% RTP, gives a house edge of 3% to the casino. Famously, the casino game with the lowest house edge, typically just 1% to 1.5% is blackjack. This could also explain why blackjack is consistently the most popular table and live casino choice among Canadian and international players.

Best Real Money Casino Games with High Payout Rates

Let’s take a closer look at the type of payout rates you can expect from the various types of real money games available at the highest payout online casinos.

Slots

Online slots form the heart of most online casinos and come in an incredible variety of styles and themes. From super 3-reel fruit-style games to massively complicated titles with thousands of paylines and multiple bonus games. Typical RTPs are 94% to 97%, although they can range anywhere from 92% to 99%.

This list of best payout slots will help you choose a game:

Blackjack

As already mentioned, blackjack is widely regarded as the casino game with the lowest house edge, of around 1%. This means its typical RTP is in the region of 99%. The precise figures will depend on the variant of blackjack being played and the strategy employed. It is possible to get the house edge down as low as 0.5% (99.5% RTP).

Roulette

Another hugely popular table and live casino game at the best payout casino sites is roulette. But, you should be aware that there are three main types of roulette; European, French, and American. European and French roulette offers players a better RTP than American-style games. So, Canadians wanting the best payouts should plump for European wheels.

Poker

Out of all the games available at online casinos, poker is the most dependent on skill. Because of this, theoretical house edge and RTP rates are less important. If you’re looking for good payouts on poker, then you need to practice and become skilled. Saying that, choosing a version like Texas Hold’em, can help give you better odds of winning.

Baccarat

Though nowhere near as popular as blackjack or roulette, you’ll find an increasing number of exciting baccarat tables at online casinos. Like blackjack, it has a low house edge (high RTP), typically around 1.06% on a banker bet and 1.24% on a player bet.

However, the exact house edge will vary depending on the variant of baccarat being played.

Craps

One of the most popular dice games at online casinos, craps is a 100% luck-based game. The exact house edge or RTP depends on the specific bet made, and calculating chances is complicated.

Here’s a simplified version of it:

Live Dealer Games

Whereas slots and video table games rely on RNG (random number generator) technologies to deliver results, live dealer games rely on a real human to spin a wheel, draw cards, or roll dice.

Still, the devices used (roulette wheels, etc), are all to the same exacting standards as those found in land-based casinos, so payout rates are comparable.

Video Poker

Inspired by poker, but relying on RNG technology to deliver results, video poker is a staple offering in many of the best payout casinos.

For Canadians looking for the best RTP, we recommend playing Jacks or Better, which offers an RTP of up to 99.54%.

Pros and Cons of the Highest Payout Online Casinos in Canada

Pros

• High RTP real money games can help minimise potential losses and maximise wins
• Casinos that consistently pay winners let you play with peace of mind
• Fast, easy cashouts mean less frustration and stress

Cons

• Focusing too much on RTP means you may miss some great games

Related Pages

• Best Online Casinos in Canada
• Best Fast Payout Casinos in Canada
• Top Online Casino Reviews in Canada
• Online Casino Bonus Offers in Canada
• No Wagering Casinos in Canada – No Wager Casino Bonuses
• No Deposit Bonus Casinos in Canada