Best Payout Online Casino in Canada
Online casinos are an exhilarating way to risk the odds for huge cash prizes. Only some plays will be a winner, but every casino has its payout percentages and rates. If you’re interested in gambling for real money, you need to know the ins and outs of how the payouts for online casino games work. Take a little time to learn more about it; you’ll be much better equipped to choose the best payout online casino sites that will work best for you.
Best Payout Online Casinos in Canada 2024
| Rank | Casino | Bonus | Visit | Info |
|---|---|---|---|---|
| 1 |
PlayOJO
|
80 No Wager Free Spins | Visit Casino |
Fair Online Casino WITHOUT Wagering requirements. Cash out quickly with no strings attached.
         
|
| 18+ T&C Apply. Play Responsibly. Full Terms Apply. This offer is not available for players residing in Ontario. | ||||
| 2 |
TonyBet Casino
|
$2500+ 150 Free Spins | Visit Casino |
Established in 2009, TonyBet make it with unique colorful style and one of the best user experience at the casino industry
  
|
| 18+ T&C Apply. Play Responsibly. Full Terms Apply. This offer is not available for players residing in Ontario. | ||||
| 3 |
Jackpot City Casino
|
$1600 | Visit Casino |
Fantastic casino with over 550 slots games and a huge $1600 Welcome Bonus
 
|
| 18+ T&C Apply. Play Responsibly. Full Terms Apply. This offer is not available for players residing in Ontario. | ||||
| 4 |
Spinz Casino
|
$2000+ 100 Free Spins | Visit Casino |
Spinz Casino is new casino that offer a great welcome bonus and unique 24/7 HD Live Streaming that you don’t want to miss
|
| 18+ T&C Apply. Play Responsibly. Full Terms Apply. This offer is not available for players residing in Ontario. | ||||
| 5 |
Spin Casino
|
$1000 | Visit Casino |
Rebranded from Spin Palace, Spin Casino also freshened up their website making it a top choice for Canadians.
|
| 18+ T&C Apply. Play Responsibly. Full Terms Apply. This offer is not available for players residing in Ontario. |
What Is a Payout Percentage?
Every casino will have games that give a payout at different rates. The average payout rates of the games offered by an online casino make up the overall payout percentage, which can give you an idea about how likely you are to win money when using their site. The payout rate for a specific game is also known as the "return to player" or RTP. This number tells you the average money you can expect to win from the game.
Differences between Best and Fast Payouts
When choosing an online casino to play at, the two options most people focus on are either the best payout online casinos or the fastest ones. The best payouts come from games with smaller wins per individual play but have a high payout percentage, meaning you can make more money playing the game for an extended period.
Your overall winnings will increase over time until you've made back your stake and continue to win on top of it. If you have the patience and the willpower to play smart and see it through, this is a great way to make good money with an online casino.
Fast payout casinos are online casinos that offer different payment methods in which you can make super quick deposits and withdrawals; these casinos sometimes do not offer what the best payout casinos do.
How to Find the Best Payout Online Casinos
If you want to find a casino with a high payout percentage, your best option is to check the stats from the most popular casino sites and compare them to their competitors, you can do it by going directly to the casino site and search for their casino games and RTP statistics, it should be free to use.
Other than that you can also find at plenty of dedicated blogs and go through and give a collated list of the year's top online casinos. For example, as you can see in our table above, we've put together the best payout online casinos in Canada for 2024.
Maximize Your Winnings
Maximizing the money you get from online casino gaming is more than just getting the big wins or chipping away with more minor hits. You need to carefully study the payout percentage and average RTP of each game and each type of game, then pick what works best for your style of play. Some people prefer the random chance of slots, others want more control with table games, or you can play against an AI dealer with video poker.
After you've chosen the type of game you want to play, weigh the casino's payout percentage to the game's RTP. If the casino has better payout rates than the individual games, the games won't hit as often but will have higher jackpot amounts when they do. If the opposite is true, you're looking at more frequent hits with lower cash wins. This can change from game to game, so it's best you compare the payout percentage and RTP every time you start a new game.
What Makes a Casino Have the Best Payouts?
Finding the best payout online casino can take time and dedication to research properly. There are a few shortcuts to make this process easier. Looking for online casino reviews can help you quickly get the information you need. They typically contain types of games, payout percentages, RTPs, payout speed, and available payment methods.
You can compare and contrast different online casinos based on the reviews, taking the information pertinent to you and applying it to your search. Make a spreadsheet and input all the data to sort through the options using each category. This will let you organize your search and decide which aspects are most important to you.
Best Paying Online Slots
If you're gambling online, you obviously want to find the best paying slots. A great way to test out which ones work best for you is to take advantage of the casino bonuses offered, such as free spins or deposit matches. This essentially gives you the opportunity to play a limited number of attempts on the slot games and will give you an idea of how well they pay out. Keep some of these things in mind when you're looking to find the best paying online slots, including:
- Jackpot size: The best prizes are found in progressive slot games. The way this works is that the more that players make spin attempts, the quicker the jackpot prizes increase.
- Maximum stake: The best slots played at an online casino are the ones that have the highest maximum stake. If you want to maximize your winnings, you have to bet the highest stake in order to hit the jackpot.
- Popular games: The most popular games tend to have a good reputation for giving out large jackpots, sometimes in the tens or hundreds of thousands of dollars. These are more likely to get a win than the games that have massive prizes worth millions since those will only ever be won every year or two.
- Number of paylines: Slot games with the best payouts usually have plenty of paylines. This can be as many as 1,000 paylines or more. Anyone who has the financial means and desire to cover all paylines has the chance to win much larger payouts.
- RTP and payout percentage: You can figure out what the house edge is on each slot game. Anything with an RTP of at least 95% is a game worth playing.
As an example of lists that can show you the best paying online slots, here are the top 5 slot games in 2024. These have the highest RTPs, most favourable payout percentages, and biggest jackpots. In order from highest to lowest, the top paying slots include:
| Casino Game | RTP | Software Provider |
|---|---|---|
| Immortal Romance | 96.86% | Microgaming |
| Mega Fortune | 96.6% | NetEnt |
| Book of Dead | 96.21% | Play'n GO |
| Gonzo's Quest | 96% | NetEnt |
| Mega Moolah | 88% | Microgaming |
Payout Percentages - Casino Game Odds
The payout percentages and casino game odds are used to calculate what's known as the "house edge." This is the mathematical advantage an online casino has over each person who plays their games. By using a game's true odds and the payout percentage, you can figure out exactly how much better chance the casino has to keep you from winning, and them from having to pay out a big jackpot. It's also partially influenced by the rules of the specific game. If the game has a house edge of 3.9%, it means the casino is going to make money on 3.9% of all stakes players wage on that game.
With online casinos, games such as slots or keno have a more favourable house edge. However, table games like blackjack, baccarat, and craps have a less favourable house edge, giving the players a better chance at winning. One thing to remember is that online casinos almost always have a lower house edge than their real-life counterparts. This is because online casinos have a smaller overhead cost than land based casinos. They don't have to worry about paying employees, renting a venue, or dealing with the various local, state PR, province, and federal legal fees. It's a good idea to have an understanding of the house edge before you start playing any of their games.
Top Tips and Common Misconceptions to Avoid
- Odds don't carry over. Each game offers the exact same chances to win or lose.
- Don't play games based solely on the jackpot amount. Check the RTP and payout percentage first.
- Many casinos use the same slot games, but that doesn't mean their payout rates are the same.
- Stay away from online casinos that promise frequent big wins. These are often well-disguised scams.
- The house edge doesn't affect the odds of the game results, but the payout rates and percentages do.
Top 5 Best Payout Online Casinos
You know what games you want to play, but now you have to find the best online casino where you can play them. What types of games are on offer and their prize amounts are important pieces to finishing this puzzle. After comparing many of the most popular choices, we've compiled the top sites players prefer to use. Here's a list of the highest payout online casinos in 2024:
1. PlayOJO Casino
PlayOJO Casino is owned by SkillOnNet Ltd. Casinos and is a fairly recent addition to the online gambling world, commencing operations in 2017. They have a huge library of slots and live games, numbering more than 3,000. They will payout within 24 hours, making them one of the casinos with the fastest payout speed. Their payout percentage is 96.37%, and their highest jackpot is over $7 million. PlayOJO Casino has a vast amount of payment options, including Visa, MasterCard, PayPal, Bank Wire Transfers, Payz, Maestro, Neteller, Trustly, Skrill, and Apple Pay. Their casino can be accessed through PC and Mac or on their mobile-optimized version of the site, which is available to all mobile device users.
2. TonyBet Casino
TonyBet is owned by TonyBet OÜ and has been around since 2003, making it one of the most venerable choices for online casinos. Players who want an experience that mimics real-life casinos should look no further than this site. They offer games like video poker, roulette, blackjack, and baccarat. Their payout speed is impressive, often processing within a single day. Their payout percentage is 97.61%, and their top jackpot is worth $2 million. TonyBet accepts a wide range of payment options, such as Visa, MasterCard, and many more. You can play their games on PC and Mac, iOS and Android mobile devices, or Blackberry devices.
3. Jackpot City Casino
Jackpot City Casino is owned by Digimedia Limited Casinos and first went live in 1998. It is the top online casino if you're looking for a wide range of gaming options, as they have everything from slots, table games, live dealers, video poker, bingo, keno, and scratchers. Their library includes more than 500 games for you to play. Their payout speed is 1 to 2 days, which is typical for online casinos of their size. Their payout percentage is 97.84%, and their highest jackpot caps at $5 million. Jackpot City boasts the usual payment methods, and you can visit their online casino through PC and Mac, iOS and Android mobile devices, Windows phones, and Blackberry devices.
4. Wildz Casino
Wildz Casino is owned by Rootz LTD and was founded in 2018, making it the newest casino on this list. They already have an extensive library of over 700 games to choose from, including slots, blackjack, baccarat, roulette, and live games. Their payout percentage is a staggering 98.85%, which make it the best payout online casino in Canada for 2024. But their top jackpots are only around $500,000. Wildz Casino takes credit and debit cards, Trustly, AstroPay, Skrill, and more for deposits and withdrawals. Unfortunately, they don't have a mobile app yet, so the only way to access their site is through the browser on your PC and Mac or mobile devices.
5. Spin Casino
Spin Casino is owned by Bayton Ltd. and has been in operation since 1999. They are one of the highest payout casinos in Canada. With over 550 different slots and table games to play, you won't be hurting for options here. Their payout speed is relatively average, taking 1 to 2 days. They have a payout percentage of 97.59%, and they have a very rewarding loyalty program. Spin Casino has banking options that accept credit, debit, PayPal, and more. Their games are accessible via PC and Mac, iOS and Android mobile devices, Windows phones, and Blackberry devices.
CasinoCanuck Says
Wildz Casino is the best payout online casino in Canada for 2024 with an average RTP of 98.85%! If you decide playing at Wildz you'll be able to access an extensive library of 700+ games, including slots, blackjack, baccarat, roulette, and live games.
Online Casino Payout FAQ's
- When can I cash out my winnings and make a withdrawal from my account?
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You can withdraw money that you’ve won from playing games any time you want. Each online casino has their own withdrawal time, but you can begin the process as soon as you win money.
- Does the amount of money I stake affect how much money I can win?
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Yes. The more you wager on a game, the higher the prizes will be. Many games will show you a prize chart that details exactly how their payouts work. Most standard slots have prize tiers that are proportional to the amount of money you stake.
- Can I withdraw the remainder of my deposit along with my winnings?
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Sorry, but no. When you make a deposit, you must spend that money on the casino games. However, even before you’ve spent the full amount, you can withdraw any money you’ve won.
- Should I only play games at casinos with a high payout percentage?
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Many of the online casinos with a payout percentage of 98% or above will mitigate the increased RTP by offering smaller jackpots. You might win more often, but it won’t be in large amounts. The best option is to find a balance between payouts and jackpot amounts.
- Why doesn’t the money I win immediately go into my bank account?
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Every time a transaction is made, it needs to go through an approval process that certifies the legitimacy of the transfer and ensures it is transmitted safely. This can take up to several days with some payment methods.
- Can I deposit money without a bank account?
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Yes. Many online casinos include alternative payment and withdrawal methods, such as PayPal or Payz, which include e-wallets that allow you to store money from a variety of sources.
