Discover the Best Payout Online Casinos in Canada for 2024

Our Recommended List: Best Payout Online Casinos Canada

One of the top questions players have when choosing a new casino is, “Which one has the best payout?“. Lucky for you, there are plenty of amazing options. You can find the best paying online casinos by reading genuine casino reviews. These reviews break down the key features players seek when selecting a casino site. This includes payout percentages.

The payout percentage isn’t the only thing determining a tremendous online casino payout. There are a few other factors Canadians should pay attention to. This includes the casino’s licensing information, available payment methods, and the RTP of slot games on the site. Our experts have tested all of the verified casinos in Canada. Below are some of the best options.

Jackpot City – Overview

Jackpot City is one of the most popular online casinos in Canada. It holds a license from the Kahnawake Gaming Commission and AGCO. This allows the operator to provide services to all provinces, including Ontario.

Regarding the highest payouts, this is the casino to join. One of the main attractions is the selection of jackpots, with the highest progressive jackpot offering over $30 million. The average payout percentage ranges from 97.4% to 97.8%. Winning players won’t have to wait long for their withdrawals. Most withdrawals are processed within 24 hours, but the speed can vary depending on the payment method.

Pros

• Wide selection of progressive jackpots
• Games certified by eCorga
• Bonus Wheel provides daily rewards for members
• Excellent selection of bonuses and promotions
• Thousands of the highest payout casino games
• Flexible banking options (including cryptocurrency)

Cons

• Very high 70x wagering requirements for bonuses
• Direct links to the FAQ and blog aren’t accessible once a player is logged into their account

Zodiac Casino – Overview 

Zodiac Casino is one of the top gambling sites in Canada. The Kahnawake Gaming Commission licenses this casino and holds an ACGO license to provide services in Ontario. This online casino is a hit with Canadians because of its vast game selection and generous VIP program. The average payout percentage of Zodiac Casino is 96.08%. The payment speed will depend on which banking method is used, but it takes 1 to 5 days on average.

Pros

• The welcome bonus has a $1 minimum deposit
• Excellent selection of high RTP games
• Games certified by eCorga
• Rewarding VIP program

Cons

• High wagering 200x requirements for the welcome bonus
• Complicated terms and conditions

TonyBet Casino – Overview

TonyBet has an excellent reputation with Canadians. The brand has over 20 years of experience in the industry, helping it to create the ultimate platform. This site is the perfect hub for both online casino games and sports betting. There are also many exciting events and promotions that players can look forward to.

Pros

• Exciting bonuses and promotions
• Low min deposit ($10 CAD)
• Thousands of real-money casino games

Cons

• Minimal information on the FAQ page
• Games are poorly organized

Casino Payouts – What Canadians Should Know

A casino payout percentage refers to how much money a casino pays players for every dollar earned. Legally, casinos cannot keep 100% of the money spent on games. They must pay out a certain amount to players. For example, a casino with an average payout percentage of 94% will pay $94 in winnings for every $100 spent.

Remember that this doesn’t mean every player will win $94 if they spend $100. That’s not how gambling works. Every game at the casino will feature a random number generator (RNG). The RNG ensures that winnings are paid out accordingly, but the results are always random. This is why one player may spend $10 on a game and not win anything, while another player who bets the same amount could win a $500 prize.

Best Payout Casino Games in Canada

Reviewing a casino’s payout percentage is an excellent clue to how often members win. But there are other ways to find the best payout casinos. In fact, there may be casinos with average payout percentages where players have a shot at winning big.

So, how is this possible? Instead of looking at the casino’s rate, review the games individually. Every casino game has an RTP percentage (return to player). The RTP is how much of each dollar gets returned to the players. For example, when $1 is spent on a 96% slot game, the casino will keep $0.06 for profits, and $0.96 will be added to the prize pool for players.

The average RTP for casino games is 96%. Many table games will have a higher RTP because players can use skill and strategy to win. Slot games have RTPs that vary because the results are always random. Jackpots and progressive jackpots tend to have lower RTPs because some of the money from each bet is placed in the jackpot prize pool.

Let’s review the average RTP rate for popular casino games.

Highest Paying Slot Games in Canada

As stated above, reviewing the RTP is essential for choosing a high-paying slot. But players should also check the volatility of the game. Low-volatility games pay out smaller wins more frequently. At the same time, high-volatility slots pay out bigger wins less frequently. Big wins are possible with either type of slot.

Generally, players with a high bankroll will choose the high-volatility slots. While they’re a riskier choice, a massive win is possible. Low-volatility slots do have big wins occasionally but are mainly for entertainment.

There is one more thing Canadians should review with slots to choose high payout games: this is the game’s bonus feature. When slots have bonus features, like free spins, multipliers, wilds, and scatters, they give players a chance to maximize their winnings. Some slot games even feature a bonus round where players can hit big wins from a low wager.

Now that you know what to look for, you might be wondering about the highest-paying slots in Canada. Here are the top choices:

Table Games: Where Skill Meets Payouts

Almost every table game has a higher-than-average RTP. This is because the player will have more control over the outcome than when playing slot games. Gamblers don’t place their wager and hope for the best. Instead, they make decisions that may or may not result in a win. For this reason, the casino has a lower house edge compared to slot games.

More experienced players tend to receive higher payouts when playing table games. They have practiced the games and developed a skilled strategy to see more frequent wins. While learning these skills takes time, players can use demo games for practice.

All Gaming Options For Canadians

Slots are a game of luck, while table games result in skill. Every gaming option has different odds. Let’s look at some of the most popular games across the best payout online casino sites.

Slots

Slots are a game where the reels spin to reveal symbols. When matching symbols are connected on a payline, it results in a winning combination. Most slot games have an average RTP between 95% to 97%. The size of wins can vary from less than 1x to over 50,000x.

Blackjack

Blackjack is the casino game with the most frequent wins. This is because the casino has the lowest house edge with this card game. Most blackjack games have a house edge lower than 1%. However, a player’s odds of winning will rely on their skills and strategy for play.

Roulette

The results of roulette rely more on chance than strategy. For this reason, the house edge generally sits between 2.7% and 5.26%. But it’s still lower than slots because players control their bets.

Poker

Poker is another game that relies on both strategy and luck. Remember that the RTP and house edge of poker will vary depending on which game you’re playing. For example, Three Card Poker has a house edge of 3.37%, while the house edge for Carribean Stud Poker is usually around 5.2%.

Baccarat

Baccarat is a great choice for beginners who want a high-RTP game but don’t have a strategy. This is a straightforward game to learn, and many types of baccarat games have an average RTP of 98% to 99%.

Craps

Craps isn’t the most popular online casino game. Canadians may have to search a few different online casinos for a decent selection. However, it can be worth looking for because the RTP is usually around 98% to 99%.

Keno

Canadians enjoy Keno because it is a lottery-style game. They can choose a combination of numbers. Players can win if they choose the correct numbers. This game is fun but has a high house edge of 20% to 35%.

What Contributes To Casino Payouts?

The payout percentage of a casino is always an average amount. When you gamble, you will not be guaranteed to receive that payout. You could lose your money or win much more than the average. Ultimately, winning comes down to plain and simple luck. But other factors determine a casino’s average payout.

Type of Game

What game you play is the top factor. Payout percentages are different with every game played. For example, blackjack has a high payout rate, but most payouts are only 2x the player’s wager. Slots don’t pay out as frequently as blackjack, but the wins are typically much higher. A player could win $100 from a low $1 bet.

Amount Wagered

If you’re playing slots, it’s important to remember that the amount you bet can also affect your payout. Players who bet the maximum amount have a better chance of unlocking bonus rounds and triggering jackpots. Many progressive jackpots will only go off for players who place the maximum bet.

Software Providers

You may notice a trend in RTP amounts if you compare different software providers. Certain software providers are known to develop games with higher RTPs. Some of the best software providers with high RTP games include:

• NetEnt
• BGaming
• Barcrest
• Pragmatic Play
• Microgaming
• Thunderkick
• Quickspin
• Relax Gaming

Casino’s Reputation

Always review the licensing information of an online casino before you join it. Licensed casinos have been tested and reviewed by government authorities for fair play. All games at these casinos use RNG and follow the proper RTP. Unlicensed casinos are known to alter a game’s RTP in their favor to collect higher profits.

Additionally, we recommend Canadians read genuine casino reviews before selecting an online casino to join. Pay attention to the reputations of the best online casino for payouts and other key features.

Top Payout Casino Banking Options

Interac

 
Interac is the most common payment method used by Canadians at online casinos. It is fast, simple, and secure. The funds can be transferred to and from the player’s bank account.

Visa

 
Visa is a type of credit card that is popular worldwide. Canadians often choose this method for making deposits at their favorite online casino because it’s a trustworthy and convenient option.

Mastercard

 
Mastercard is a global financial company that allows cardholders to make easy payments online. Over the years, it has become a top-choice payment method because of its security measures and simplicity.

Paysafecard

 
Paysafecard is a prepaid voucher that Canadians can purchase at local retail stores. Players can pay for the voucher in cash and use the card to add funds to their casino account. When they win, they can transfer the funds back to the voucher and collect their winnings at the store where they purchased the card.

GPay

 
GPay is a digital wallet app from Google. Canadians can use this wallet app to make convenient payments online. It’s becoming a popular payment method at several top Canadian online casinos.

Apple Pay

Apple Pay is a payment service that lets Apple users make payments through their phones. These payments can be made in person, online, or in-app.

Choosing The Best Payout Online Casino Canada

Now that you know about fast payout casinos, it’s time to choose one to play at. Canadians have hundreds of exciting online casino sites to choose from. The best pick is always a personal choice. Let’s take a look at how you can choose the best payout online casino to play at.

1. Review our recommended casino list to see which options are available in Canada. Compare these casinos by reading reviews.
2. Look for the casino’s license information and check its reputation.
3. Preview the game selection to see if the options meet your preferences. Only join an online casino if the games are appealing to you.
4. Review available banking options and the casino’s payment policy.
5. Check out the ‘Promotions’ section of the casino to see how often bonuses and promos are available. Also, check the rules and conditions to ensure they are fair.
6. Review the website for other member perks, like VIP programs, tournaments, and draws.
7. Discover how you can connect with customer support.

Expert Tips To Maximize Your Winnings

It’s important to remember that with gambling, there is no way to guarantee a player wins. However, players can approach casino games with the right mindset to maximize their winnings. Here are some of our expert tips for maximizing your winnings.

• Choose a trustworthy casino. Make sure the casino holds a valid license, and always check out reviews to see how trustworthy it is.
• Set your budget. Always set limits when you play so you can manage your bankroll. Never bet more than you can afford to lose.
• Choose games with a low house edge. You will have the best chance at placing winning bets if you choose games with a low house edge, like blackjack and baccarat.
• Know the rules of the game. Always read the instructions carefully so you know what to expect.
• Try demo games first. Free versions of popular casino games allow players to practice strategy and improve their skills.
• Use promotions to your advantage. Check out available casino bonuses, like free spins and free chips.
• Never chase losses. Trying to win back money is tempting but could result in losing more.

Pros and Cons of the Best Payout Casinos CA

Pros

• Better value for the player’s money
• Games have better odds of winning
• High RTP slots from reputable software providers
• Casinos have excellent reputations

Cons

• Promotes riskier betting habits
• Fewer promotions

Additional Resources For Best Payout Casinos

Fastest Payout Casinos Canada

Minimum Low Deposit Casinos in Canada

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Conclusion: Why You Should Choose a Best Payout Online Casino

The best online casino payouts will have players jumping for joy. Playing online casino games should be for entertainment purposes. But winning makes the games even more entertaining. That’s why we recommend playing at one of the highest payout casinos. While there’s no guarantee that you will win, the odds are always better at these gambling sites. Players will have the best chances of winning if they choose games with a high RTP and a low house edge.