Best Paying Online Casino Canada In 2024

What is a Payout Percentage?

A payout percentage is an average of payout rates across each game the casino offers. This gives you an indication of your expected return when playing games at a specific site. The best Canadian online casino payouts sit between 96% and 99%.

However, each slot has its own payout rate, so it’s important that you check these and several other features before you start playing, including:

RTP

Return To Player rate is an indication of your average return on investment expressed as a percentage. For example, if a slot has an RTP rate of 97%, you will, on average, receive $97 for every $100 you spend. Games with a high RTP rate are typically more popular amongst Canadian players, as they can typically play these games for longer with the same starting bankroll.

💡 It’s important to remember that RTP rate is average, and your actual return may be higher or lower in the short term.

Volatility

The volatility level of a game indicates how often it pays out and the average value of the payouts. A game with a low volatility level will pay out frequently for low amounts, whereas a slot with a high volatility level will pay out infrequently but for larger amounts.

💡 Before playing a slot, it’s important to check the volatility level to ensure it matches your risk profile.

House Edge

The house edge of a game is essentially the inverse of RTP rate. Taking the above example, a game with a 97% RTP rate has a house edge of 3%. This means that the house earns, on average, $3 for every $100 you spend on the slot.

💡 Games with a high house edge will inevitably have a lower RTP rate, meaning you’ll receive less money back on average. This is why players prefer playing games with a low house edge, such as blackjack or video poker, as it allows them to keep playing longer.

Average Payout Speed

One important aspect to consider when choosing an online casino is the site’s payout speed. Having to wait days to receive your winnings once you’ve submitted your withdrawal request isn’t fun for anyone, so our team recommends checking a site’s average payout speed before joining.

Many casinos seek to offer fast withdrawal payment options such as e-wallets and cryptocurrency that decrease the amount of time you have to wait to receive your winnings. These payment options allow players to receive their money within a matter of hours rather than days and are typically the most popular banking methods at any given casino.

Best Payout Online Casinos Canada – 2024

If you’re looking for the very best online casinos that pay out in Canada, you’re in the right place! Our reviewers have listed casinos with top average payout rates in the table below:

5 Best Payout Casinos Canada Under Review

Our team has spent days researching and evaluating online casinos with the best payout rates in Canada. After careful deliberation, they’ve created their list of the top 5 top paying online casinos in Canada:

How to Rate the Highest Payout Casinos in Canada

Our Casino of the Kings team is committed to bringing out the best casino recommendations to readers. To do that, we employ a team of crack gambling experts with years of experience to conduct our reviews.

As part of the review process, we work from our specialized list of criteria that highlights the features most important to Canadian players, including:

Casino Games with the Best Odds

If you’re interested in playing at the best payout casinos in Canada, you’ll want to know what games offer the best payout rates. To help you decide what to play first, our experts have listed the best payout online casino real money games.

Banking Methods Available On The Best Payout Casino

There are many payment options offered for Canadian players and highest payout online casinos. Among the most popular are:

• Cards: Visa, Mastercard
• Mobile payments: Google Pay, Apple Pay, Samsung Pay
• E-wallets: Interac, Gigadat, AstroPay, Skrill, Neteller, Instadebit
• Prepaid cards: Paysafecard, Flexepin
• Crypto: BTC, ETH, TRC, USDT
• Bank transfers

Top 10 Highest Paying Online Slot Machines

While the average slot RTP rate sits at around 96%, there’s a lot of variance between games. Some have payout rates in the 80s, whereas others are closer to 100%. Before you play a slot game at a real money casino, it’s important that you check the RTP rate, as many slots have variable RTP rates that change from casino to casino.

To steer you toward the best-paying slots games at Canadian casinos, we’ve listed the top 10 slots with the highest maximum RTP rates below:

How To Maximize Your Winnings: Myths and Facts

It’s an unfortunate fact that the house always wins in casinos. Each game has a built-in house edge, meaning the casino will always profit in the long run.

However, this doesn’t stop people from trying to beat the casino using a variety of tips and tricks. To help you avoid common pitfalls and maximize your chances of winning, we’re here to dispel some common casino myths and bring you the facts.

Myth – Martingale Strategies Work

While the strategy may sound foolproof, Martingale strategies do not work when playing online games. This is because slots have a maximum bet limit that cannot be exceeded. If you go on a losing streak that requires you to bet more than the maximum bet limit, you won’t be able to recoup your losses!

Fact – High RTP Games Make Your Bankroll Last Longer

Games that have a higher payout percentage are far more likely to make your bankroll last longer compared to low RTP games. By playing these games, you limit your potential for losses and increase the chance that you will win in the short term.

Myth – You Should Always Bet The Maximum

While some games will unlock higher-paying jackpots when you bet the maximum, the truth is that most games have the same payout rates regardless of how much you bet. By betting the maximum, you’re increasing your risk of ruin, as you’ll be betting a larger percentage of your bankroll each round.

Fact – Budgeting Increases Your Chance Of Winning

Although it’s tempting to swing for the fences whenever you play online casino games, the truth is that setting a budget and adjusting your bet sizes will increase your chances of winning in the short term. When playing, you should bet an amount that’s appropriate based on your bankroll size. This allows you to handle the swings of the game and stops you from going broke after an unlucky streak.

Myth – Holt And Cold Streaks Are Real

Despite what it may seem like at the time, there’s no such thing as a “Hot Streak” or “Cold Streak.” If you’ve won multiple bets in a row, the chances of you winning the next bet remain the same; they’re not affected by past results, so you’re not more or less likely to win based on what’s happened before.

Pros and Cons of High Payout Casinos

Before you join one of our recommended high-payout casinos, it’s important to weigh up the positives and negatives they offer. To help you make your decision, we’ve highlighted the pros and cons of the top payout online casinos.

Ready to Join the Best Online Casinos That Payout in Canada?

Based on our research, the best way to maximize your casino gaming experience is to play at the highest paying online casino sites. These sites offer games with high RTP rates, meaning you’ll get more money back on average each time you bet. Before you start playing, remember to read our honest reviews, and always gamble responsibly.