Best Payout Casinos Online in Canada | List: Highest Payout 2022

Best Payout Casinos Online Canada

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An online casino with a high payout percentage will increase your player balance and maximize your winning chances. However, you should exercise caution when searching for a high payout casino. Your choice could make or ruin your chances of ever profiting from your gaming sessions. Today, the Canadian betting market is booming, so there are many online casinos to choose from. This leaves you in a tricky spot when finding the best payout casinos for Canadian players.

Luckily for you, we’re here to help. Finding casinos with the highest payouts is easy once you go through our page. Here, you will find an article on how to understand casino payouts, including a list of the best payout online casinos. Our comprehensive guide will help you get started with how to make the best choice from our selection and enjoy huge returns on every bet.

Best Online Casino Payouts in 2022

How to find Online Casinos with the Highest Payout

Go through our list

Our experts have tested and reviewed every available operator in the market and have come up with a list of the best casinos online in Canada. You can look through our list to choose the best casino for you. We advise you to check out five or more casinos and compare their offers to see which one has the best offers for you.

Create an account

Once you’ve selected your preferred casino, it is time to sign up. The registration process should take only a minute. All you need to do is create your login details and provide your personal information to create your account.

Deposit and start playing

With your account created and verified, you can start playing. Before that, you will have to fund your player balance. To do so, head to the cashier section and click on Deposit. Choose any of the deposit options you want. Follow the instructions and enter your deposit amount. Click Deposit to confirm payment; your account should be funded in a few hours.

Try your best and win

Using your deposit funds, you can start betting. Choose your favourite games but don’t forget to check the RTP (Return to Player) percentage in the info section. Once you’ve confirmed that the RTP is above industry average, place your bet, and start winning.

high payout casino list with iphone and login details

Top 10 Highest Paying Online Casinos in Canada

Looking to win decent returns on all your wagers? Here’s a list of the 10 highest-paying online casinos in Canada. Gamble on any of these platforms to increase your chances of winning big!

  1. Jackpot City Casino – Has an RTP value of 97.82%
  2. PlayAmo Casino – Has an RTP value of 96.20%
  3. PlayOJO Casino – Has an RTP value of 96.90%
  4. Spin Casino – Has an RTP value of 97.10%
  5. Casumo Casino – Has an RTP value of 97.24%
  6. Genesis Casino – Has an RTP value of 97.00%
  7. Leo Vegas – Has an RTP value of 96.50%
  8. Royal Vegas – Has an RTP value of 96.10%
  9. All Slots- Has an RTP value of 96.00%
  10. Ruby Fortune – Has an RTP value of 97.40%

What are Online Casino Payouts?

Online casino payouts refer to the cash you will receive if you win a bet. Regarding online casino payouts, we recommend you pay attention to the casino payout percentage. This payout figure is determined by taking the figure paid out on winnings and comparing it to the number of bets that have been placed. Payouts are calculated differently for different bets. In most cases, the lower the bet odds are, the higher the reward will be if you are successful.

The RTP of any online casino game and the payout ratio are two factors that determine how lucrative a casino game is. The RTP is not very effective in predicting your winning chances. However, you should take note of RTP percentage figures close to 100% since these offer the best winning opportunities. The payout ratio tells you how much you will gain from every bet you place on a game.

What is RTP?

The RTP percentage or Return to Player percentage is the amount of money the casino will return to players as winnings on a game over time. This means a CA$100 wager on a game with an RTP of 96.5% will give you a return of CA$96.5 in the long run.

However, the above is a rather basic explanation of the RTP of a casino game. In reality, the RTP of a casino game doesn’t reflect the true winning chances of the game. Instead, it improves your chances of getting lucky on that particular game. You’re more likely to win on slots like 1429 Uncharted Seas from ThunderKick with an RTP of 98.6% and Mega Joker from NetEnt with an RTP of 99% than others with RTPs below 96%.

Average RTP at Online Casinos

Knowing the difference between a game’s RTP and the casino’s RTP is important. Casino games are designed by software providers like NetEnt, Microgaming, and Red Tiger Gaming. The software providers determine these games’ features, paytable, and gameplay. The same goes for the RTP of the game.

However, when a casino offers software providers’ games, the casino brand might decide to impose an RTP of its own. The casino’s RTP is the overall payout rate for all games played during a period of time. When looking for the best payout online casino, keep your eyes out for an average of around 97%.

Online casino payouts bag of money

What is Casino Payout Ratio?

The casino payout ratio or just payout refers to the amount of money you will receive upon a win based on your initial bet. For example, a casino game might offer a payout of 5:1. So if you win with a bet of CA$1, you will receive CA$5 extra, leading to CA$6 in total. Payout ratios differ significantly from the RTP of a game.

RTP refers to the overall amount of money that will be returned to players for bets placed on a game over a particular period of time. There is no assurance that you will receive the said percentage of the RTP. Instead, the RTP is a theoretical value. During the course of playing the slots, some players may lose more, while others leave with huge profits.

Payout ratios, on the other hand, are more reliable. A payout ratio tells you exactly how much you will win when you place a particular bet. For example, a straight-up bet on roulette will pay out 35:1. If you place a bet with CA$1, you will receive an additional CA$35 plus the CA$1 if you win. You can check the payout ratio of slots by looking at the paytable. Slots will pay about 2 – 10x your bet amount depending on the type of symbol combination formed.

Canadian Casinos with Payout Percentages you should avoid

When hunting for Canadian casinos with payout percentages, you should look for figures above 97%. This is considered the industry standard for high payout casinos. Figures above 97% are better for landing a win, especially if you’re playing games like online slots.

While searching for high payout percentages, you should avoid casinos with anything lower than 97%. Some casinos will offer progressive jackpots on slots with low RTP values; however, you should not be tempted. You might lose your entire budget before scoring a win or dropping the jackpot. You might also find more bonuses on some slots with lower RTPs. Once again, triggering these bonuses won’t guarantee a fat sum when you’re done playing the game.

Highest Payout Casino Games

The payout percentage of a certain casino will greatly differ from one to the next. Some casinos will pay extremely low, while others will pay more generously, offering you a higher payout. When playing at the latter, keeping your eyes on the games that offer better win possibilities is important.

Even at high payout casinos, not all games offer you the chance of hitting big. With slots, the payout percentage varies. For example, you can find slots with RTPs of up to 99% and slots of RTPs as low as 93% within the gaming library of a casino. Luckily, high payouts casinos focus heavily on slots with RTPs above the industry average of 97%. Table games, video poker, and scratchcard games also have their own varying RTP.

Jackpots

Jackpot slots are known for their outrageously low payout rates. However, high payout casinos will fill your pockets with jackpot wins when you sign up. These casinos only select jackpots with amazingly high payout rates for your entertainment. Take the likes of the Mega Joker slot, for example. This progressive jackpot slot has an RTP value of 99%.

highest payout casinos with roulette and slot machine jackpot

Loyalty Programs

Casino loyalty programs encourage players to consistently bet at the same online casino site. Loyalty programs at the best payout casinos come with bonuses to increase the rate of your returns. These bonus offers could be free spins on slots or bonus cash on other casino games.

Software Providers

The best high payout casino games come from the leading software providers in the industry. Veteran casino players will be familiar with the likes of NetEnt, known to be the leading software developer. Aside from NetEnt, other big names provide the best high-payout slots and table games. These include Microgaming, Evolution Gaming, Play’n Go, and Betsoft.

Highest Paying Online Slots

Slots are games of chance, which means the house always wins with this game category. However, high payout slots improve your chances of winning by quite a bit. They offer a higher RTP value than regular slots with lower RTP values. At high payout casinos, the average RTP is set at 97%. Below are some of the best high payout slots you will find at these casinos.

Top Paying Casino Table Games

Table games are among the most popular casino games available. These games offer intense fun and entertainment and come with easy-to-understand rules. If you’re looking to play table games online, here’s a list of the best titles to try out:

1. Blackjack Surrender.

Blackjack Surrender is an entertaining card game that offers a decent payout. As with other blackjack variants, the game’s rules are pretty simple. To win, simply get a number closer to 21 (higher than the dealer’s) and make sure it’s not above 21. Blackjack surrender is available for play at Jackpot City casino. As expected, the game comes with a high RTP of 99.65%

2. Multi-hand Blackjack

Multi-hand blackjack is another popular blackjack variant with a high RTP value of 99.53%. As the name suggests, this game allows players to play multiple hands at any one time for a chance to win. Visit Spin Casino to play this popular game title.

3. Blackjack 21 + 3

Blackjack 21 + 3 is a unique blackjack variant that is played as a side bet. You can claim decent returns when playing with two original cards combined with the dealers up card. The theoretical RTP of this wager is 95.38%. Blackjack 21 + 3 can be played at PlayOjo Casino.

Top 5 Best Paying Casinos in Canada

To find the best payout casino online, check out the options below.

1. Royal Vegas

Royal Vegas creates more winners than most online casino sites. It offers hundreds of games, including over 300 slots, 45 live dealer games, and several blackjack titles, roulette, and baccarat variants. The casino also supports several payment options that allow for quick withdrawals. Royal Vegas has a payout rate of 96.10%

2. Jackpot City

Jackpot City has over 486 online casino games to choose from. Most of them are slots, which is to be expected. This includes multiple categories of online slots like progressive jackpots and high RTP classic slots. There are over 50 live dealer games for players. This casino has a payout rate of 97.82%

3. PlayAmo Casino

PlayAmo Casino gives players a choice of several online casino variations. You can choose from a massive selection of slots and table games. There are over 30 roulette variants to play at this casino which exceeds the average of regular online casinos. PlayAmo has a payout rate of 96.20%

4. PlayOjo Casino

At PlayOjo, you can choose from over 165 blackjack variants, over 50 live dealer games and more than 1,500 different variants of online slots. This casino offers over 2,000 games, making it one of the best gaming hubs for players who love variety. It has a payout rate of 96.90%.

5. Spin Casino

Spin Casino is one of the most reputable gaming operators online. It offers over 50 live dealer games and a combination of 50 baccarat, blackjack, and roulette variants for players to choose from. At Spin Casino, players will find a wide assortment of slots and casino games. The RTP of the casino is 97.10%

top 5 best paying casinos

Which companies review the Highest Payout Casinos?

Several reputable organizations like TST and SQS review the payout percentage of online casinos to ensure fairness and transparency. Some of the best include.

eCOGRA

eCOGRA is an independent agency that ensures the reliability and safety of e-commerce sites. This organization is based in the UK. It has built a solid reputation since it was established in 2003. With several awards to its name, it is the most trusted seal of approval you will find at online casino sites

GLI

Gaming Laboratories International (GLI) is an independent agency that tests and verifies gaming services.

iTech Labs

iTech Labs is a gambling testing organization that ensures safe play and high-quality gaming services. The best payout casinos in Canada always have a seal of approval from this organization.

Licensing at the Best Payout Online Casinos

While you have your mind set on a high payout casino, you need to be aware of the legality of the casino. Regardless of how lucrative an online operator might seem, the lack of a valid license makes it a scam site, in our opinion. This puts you at risk. You might be providing your personal and contact information to hackers if you play at the illegal high payout casinos.

Only choose casinos with a valid license from a reputable regulatory body to ensure your safety and security. We recommend the likes of the Kahnawake Commission, Malta Gaming Authority, UK Gambling Commission, and the Alcohol Gaming Commission (AGCO).

How to choose the Best Payout Online Casino Canada

Choosing the best payout online casino in Canada comes easy once you follow the steps below.

Compare casinos on our list

Our list of the best online casinos with a high payout should get you started. Our expert team selects only the best in the industry, so you don’t have to do the work yourself. Simply browse through our selection to make a choice. We recommend you compare casinos to see which ones have the best offers for you.

Make sure it’s a licensed site

Online Casinos are meant to be fun but should also be legal and safe. Whether you’re hoping for huge wins at the best payouts casino or you’re more of a casual gamer, ensure you play only at a licensed casino. Canadian casinos are licensed by the Alcohol and Gaming Commission (AGCO). You can also look for licenses from reputable regulatory bodies like the UK Gambling Commission and the Malta Gaming Authority.

Go for a high RTP

Go for a high RTP, but also ensure you’re getting good value if you choose a bonus. Some casinos do not reveal the exact average RTP of their game selection, but you will find the RTP of each game in its info section. You might want to check individually or select a casino from our list to save time.

Make sure you understand the requirements

Online casinos try their best to look as perfect as possible. However, you shouldn’t always fall for an ideal image. Always go through the rules of the casino before signing up. This is very important when claiming a welcome bonus offer. Strict terms and conditions mean you will lose more when you claim the bonus. In addition, check for processing fees and other terms on deposits and withdrawals.

Advantages and disadvantages of High Payout Casinos

The benefits of playing at online betting sites with high payout rates are apparent; you get better winning opportunities at every turn. Whether you’re playing your favourite slots or fancy checking out the table game section, your chances of winning are consistently above the industry average.

Another benefit is the payout time. These sites also offer players quick payout times, unlike regular casinos. Rather than waiting 3 – 5 banking days for your funds to arrive, you can receive them in 24 hours when playing at these casinos.

The only disadvantage with playing at high payout online casinos is that the payout rates are theoretical. A 99% payout rate doesn’t mean you will get lucky with every spin or bet. A jackpot won’t just drop into your player balance when you make that first wager, and you won’t always be so lucky.

Best Payout Casino Sign-up and Welcome Bonuses

When it comes to finding the best payout casino in terms of sign-up and welcome bonuses, Royal Vegas casino stands tall. The platform offers an impressive bonus package for new players to get started on the platform. If you’re tight on budget and looking to start gambling with minimal risk, Royal Vegas is the first place to look. This platform offers a better welcome bonus package when compared to Spin Palace and Jackpot City.

Bonuses at the Best Payout Casinos

Online casino bonuses for new and existing players remain an attraction. For players, the extra funds mean more winning chances without risking your real money.

If you look for bonuses for the best payout casinos online, it will probably be those with the lowest wagering requirements because you will get your money faster. The wagering requirement refers to the number of times you will have to wager the bonus amount to secure a win. While this is the most important term of any bonus offer, it is not the only one to have in mind.

Game limits should also be considered. This determines the type of games you can play using the casino bonus. There are other terms and conditions to consider. Validity periods, payment restrictions, withdrawal caps, and many more factors are also critical.

Welcome Bonus

The welcome bonus is usually the most attractive offer at a standard casino. This bonus is offered to new players registering an account with the operator. A welcome bonus usually requires a deposit. Once this has been made, you will receive bonus cash according to your deposit amount. Welcome bonuses typically offer a higher payout at the best payout casinos online.

No deposit Bonus

No deposit bonuses allow you to play at an online casino without depositing your own money. This bonus offer will award you a special prize for creating a casino account. Simply hit the register button, verify your account, and claim the bonus. Using a no deposit bonus at high payout casinos increases your win chances without any risk on your part.

bonuses at the best payout casinos

Fast and best payment options for Casino Payouts

When you’re ready to start playing at high payout casinos, you should choose casinos that offer speedy withdrawals. No one wants to wait for several days before claiming winnings. With these casinos, you can send your winnings to your bank account or wallet in hours.

Though some casinos try to offer instant withdrawal methods on payments, it is important to know that the speed of the withdrawal depends on the payment method. That’s why high payout casinos offer more e-wallet options. Unlike traditional methods that require a 3-day processing time, e-wallets will fund your account in a matter of hours.

However, some e-wallets like PayPal are hard to find at Canadian payout casinos. Fortunately, there are many replacements for this payment provider. You could also try traditional methods like debit/credit cards and direct bank transfers for your deposit and withdrawals.

Find the Best and Safest Payout Casino

While you might have eyes only for the best casinos with the highest percentage of casino payouts, we recommend you only go for the safest options. Choosing a safe and secure payout casino site will ensure you enjoy all the benefits of quick payouts and lucrative wins. You can trust that the games are fair and your payouts will be made to you. Below are several ways to check if an online casino is safe.

Check eCOGRA listing

To ensure the games are fair and transparent, many Canadian online casinos collaborate with eCOGRA to test their casino games’ random number generator (RNG). When done, eCOGRA will publish the online casinos’ total RTP. You need to check the listing for sites with RTPs of about 97%. You can also check for the seal of approval of other testing organizations like iTech Labs.

Go through bonuses and welcome package

While the RTP determines how lucrative your bets will be, bonuses could help you get there faster. Check the casino bonus offer and the wagering requirements. You might also want to check other terms and conditions like game limits and win caps. We recommend you only go for betting sites with friendly terms.

Choose a casino from our list

There are many online casinos on the market. Making a choice yourself requires reading through tons of reviews and checking their features. We’ve saved you time by reviewing and recommending the best casinos with a high payout percentage. This will ensure a stress-free gaming experience on your part. All you have to do is go through our list and select your pick.

Tips to increase your winnings and get a Higher Payout

When playing at an online casino, you can use some tips below to increase your win potential and score higher payouts.

Play at high-paying casinos

This is pretty obvious. You must play at casinos that offer you that chance to win big. We have listed all the best online casinos that offer players large wins regardless of their bet size. Check out the list and make a choice.

Manage your bankroll

Gaming online is meant to be a fun venture, but you might want to hit some wins while you have fun. While doing that, it is essential to make a budget and stick to it. Your gaming sessions can quickly turn wild if you keep chasing losses or placing huge bets hoping for a huge win.

Have a strategy

Most casino games require more luck and less skill. This means you’re more likely to lose your budget if you keep betting and hoping for a win. However, games like blackjack and poker can land you a win if you have the right strategy. We recommend you make every bet with a plan in mind for these games. This will increase your winnings and get your bigger payouts.

Play at a reputable casino

Playing at a safe and licensed online casino with a good reputation is a must. These casinos use RNG and are tested by third-party organizations to ensure fairness. You won’t have to worry about unfair treatment or gaming standards at illegal casinos. This way, you can earn bigger payouts without worries.

Highest paying online slots phone

Play and get the Best Payout!

If you want to improve your chances of winning, the highest-paying online casinos in Canada are the best place to be. Choosing the right high payout casino should be of utmost priority. When selecting, ensure you go for a casino with the right features. Look for generous welcome bonuses, multiple payment methods, and reliable customer support. Finally, you might want to check out the game selection. Scan the game library for high RTP slots and table games to play.

Of course, doing all of these things takes time. That’s why we have provided a list of the best payout casinos in Canada to help you out. You can simply check through our list and make your selection.

FAQs: Best Payout Online Casino

Curious to learn more? Below are the most frequently asked questions about the best payout online casinos!

What’s the difference between RTP and “house edge”?

The RTP is the player’s advantage. It refers to how likely you are to win and how much you would win. The higher the RTP, the better your chances of winning are. On the other hand, the house edge is the casino’s advantage. The house edge percentage is the casino’s advantage over players, representing the actual profit the casino expects to make from each game. The lower the house edge, the better your chances of winning.

What does a high RTP mean?

The RTP or return to player percentage of an online casino game refers to the theoretical percentage value of wins you will receive for the total bets placed on an online game. High payout casinos have an RTP value of 97%, making it more likely you’ll win.

What casino has the highest payout?

In our opinion, Jackpot City casino has the highest payout rate. This casino takes the lead above all others thanks to its high payout rate. However, we recommend constantly checking and comparing online casinos to ensure you only play at the best site.

What is the highest payout casino game?

Online Poker is the casino game with the highest payout.

What is a payout percentage?

A payout percentage is the amount you can expect to receive from the total bets placed on a casino game over the long term. For example, a slot with a 97% payout percentage will – on average – return $98 for every $100 spent.

Which online slots have the biggest payout percentage?

The likes of Mega Joker offer some of the best payout percentages with a 99% RTP. Mega Joker from NetEnt is a progressive jackpot slot. Players will find more opportunities to hit and claim the jackpot prize than regular progressive jackpot slots.

Is the payout speed the same across different casinos?

No. Different casinos process payments differently. This means some casinos might be faster, allowing you to collect your winnings in a matter of minutes. Others could take days. However, while casinos try to speed up the process, the processing times usually depend on the payment provider.

How do I find the best payout casinos?

You can go through our recommendations to find the best payout casinos. Select several casinos and compare their offers. When done, choose your preferred operator, sign up, and start playing.

How fast will the casino payout usually be?

The speed of the casino payout usually depends on the payment provider. Traditional methods like debit/credit cards and bank transfers typically take up to 5 working days. Using e-wallets like PayPal and Skrill, you can receive your payouts in a matter of hours.

Author Todd Knowles

Hey there, I'm Todd Knowles. I'm a bonus and slot expert here at CasinoGrizzly. I've been in the industry for more than 5 years now, and during that time I've learned a lot about bonuses and slots. In my spare time, I love play... Read more about the author

CasinoGrizzly » Best Payout Casinos Online Canada
Last updated: September 12, 2022