Best Paying Online Casinos Canada In 2024
Looking for a best paying online casino can be confusing with so many options available. To make it easier, we analysed more than 100 casinos in Canada and kept only those with high RTPs, impressive bonuses, and safe payment methods. Our guide gives detailed information on choosing best paying online casinos to maximise your returns. According to our investigation, Jackpot City is among the highest payout online casino Canada at the moment. Read about it and other top sites in our guide.
Best Paying Online Casinos
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.
⚡ Note: Payout percentage of a casino and payout percentage of a slot are related but not the same thing.
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:
| Online Casino | Rough Payout Rate | Bonus | Top Paying Slot |
| Jackpot City | 98.3% | $1600 + 80 FS | Immortal Romance |
| Stay | 98%. | $5000 + 300 FS | Book of 99 |
| Friday | 97.7% | $1000 + 50 FS | Mega Joker |
| National | 97.4% | $500 + 100 FS | Book of 99 |
| Lucky Nugget | 97% | C$200 + 140 FS | Reel Rush |
| Dolly | 97% | $1500 | Fruity Beats Xtream |
| Rocket | 97% | $1500 + 150 FS | Book of 99 |
| PlayOjO | 97%. | 50 No-Wager FS | Book of 99 |
| Bizzo | 96%. | $5000 + 150 FS | Book of 99 |
| Lucky Dreams | 96% | C$10000 + 500 FS | Book of 99 |
| SlotsMagic | 96% | C$500 + 50 FS | Marching Legions |
| 21.com | 95% | $200 | Marching Legions |
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:
Jackpot City
According to our research, Jackpot City is the highest paying out online casino in Canada, with a payout rate sitting at around 98.3%, giving you a great return on your bets. They’re currently offering a generous C$1,600 welcome bonus plus 10 daily chances to become an instant millionaire!
💡 Our team loved the variety of high RTP games available as well as the site’s quality mobile app.
| 👍 Pros | 👎 Cons |
| Dedicated mobile app | Only 400 games |
| Loyalty program | |
| Generous welcome offer | |
| Extensive FAQ section |
Stay
Offering a selection of traditional payment methods and cryptocurrencies, Stay makes it easy to deposit and play its suite of high-payout slots. Every new player can claim a fantastic welcome package worth up to C$5,000 plus 300 free spins.
💡 We were impressed with the value found in the welcome package and the number of banking options available.
| 👍 Pros | 👎 Cons |
| 5,000 CAD welcome package | 40x wagering requirements |
| 12+ payment options | |
| More than 5,000 games | |
| VIP Club |
Bizzo
With more than 3,500 games available, it’s impressive that Bizzo is able to keep such a high RTP rate. They offer quality slots from developers such as Playtech, Evolution Gaming, Pragmatic Play, and more. When you sign up, you can claim the site’s generous casino bonus worth up to C$5,000 plus 150 free spins.
💡 We loved the fact that Bizzo offers a downloadable mobile app and enjoyed the wide variety of gaming options.
| 👍 Pros | 👎 Cons |
| 3,500+ games | Potential withdrawal fees |
| VIP program | |
| Support available in multiple languages | |
| Mobile app |
Dolly
After reviewing this site, we were stunned by both the number and the quality of live dealer games available at Dolly. They offer more than 100 unique options, as well as plenty of other high RTP slots. They’re also offering a welcome package worth 1,500 CAD across your first three deposits.
💡 Our team was also impressed by the number of ongoing promotions for existing players.
| 👍 Pros | 👎 Cons |
| 24/7 support | No crypto deposit options |
| Multiple promotions for existing players | |
| 5,000+ games | |
| Generous welcome package |
Friday
Rounding off our list of the best payout online casino sites is CasinoFriday. They offer more than 2,500 slots and live games, as well as a new player welcome package worth up to C$1,000 plus 50 free spins when you deposit C$10 or more.
💡 Our review team enjoyed the simplicity of the site and noted the quality of the games on offer.
| 👍 Pros | 👎 Cons |
| Loyalty program | Crypto payments require a 45 CAD minimum withdrawal |
| Choice of traditional and crypto payments | |
| 2,500+ games | |
| 24/7 support |
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:
- Security & License. We only recommend casinos that are fully licensed and regulated by a recognized gambling authority. This, along with our diligent research into the site security and player safety features ensures that our readers have a safe and fair gaming environment.
- High RTP games & Payout Rates. When reviewing the game library of, we don’t just look at the quality and variety of games on offer; we pay close attention to the RTP rates and average payout rates. Only the casinos with the highest payout rates make it onto our list of recommendations.
- Bonuses and Promotions. Our team is dedicated to providing our readers with the best possible value for money on their deposit. To do this, we compare the welcome bonuses and ongoing promotions of each casino, highlighting the ones that offer the best value for new players and existing players.
- Deposits and Withdrawals. To ensure our readers can easily fund their accounts and withdraw their winnings, we rate each site on the number of banking options they have available. They’re also rated on their transaction fees and payout speed to give our readers a comprehensive picture of a casino’s banking experience.
- Online Reputation & Customer Support. A casino’s customer support team is emblematic of its attitude towards its customers. A helpful, attentive support team shows that a casino cares about its players, so we test each support service during their time with the site. They also seek the opinions of long-time players to get a true opinion of the casino’s reputation before making a recommendation.
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.
⚡ Note: Some games offer multiple betting options, so for simplicity’s sake, we’ve listed the average payout percentage of the game’s best bet, e.g., the red/black bet in roulette rather than the straight-up bet.
| Game | Average payout percentage |
| Blackjack | 99.57% |
| Baccarat | 98.94% |
| Roulette | 97.30% |
| Craps | 98.64% |
| Slots | 96.00% |
| Poker | 97.80% |
| Megaways | 96.00% |
| Progressive Jackpot | 92.00% |
| Crash Games | 97.00% |
Highest Payout Casino Banking
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
⚡ Note that casinos may have different minimum and maximum deposits and withdrawals for each payment method.
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:
| Online Slot | Average Payout Rate | Developer | Casino To Play |
| Fruity Beats Xtream | 99.08% | Spinmatic | Dolly Casino |
| Ugga Bugga | 99.07% | Playtech | K8.IO |
| Ocean Princess | 99.07% | Playtech | Bizzo Casino |
| Nemo’s Voyage | 99% | WMS | PlayOJO |
| Monopoly Big Event | 99% | Barcrest | PlayOJO |
| Book of 99 | 99% | Relax Gaming | Dolly |
| Mega Joker | 99% | NetEnt | Tony Bet |
| Ooh Aah Dracula | 99% | Barcrest | PlayOJO |
| Gold Digger: Mines | 98.88% | iSoftBet | PlayOJO |
| Marching Legions | 98.12% | Relax Gaming | Dolly |
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.
Other Best Casino Selections
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.
| 👍 Pros | 👎 Cons |
| These casinos offer games with better odds than most other casinos, giving players a higher return on their money. | Not every game found at a high-paying casino has a high RTP rate. |
| When playing high RTP games, players can play longer due to the increased payouts. | Some high-payout casinos offer lower-value bonuses and promotions than other casinos. |
| Playing high-payout games often increases player satisfaction, as they’re less likely to go on long-losing streaks. | High RTP casinos still come with a risk of short-term losses. |
| The best paying online casino sites make it easy for players to find high RTP games. | |
| Many high RTP games are developed by well-known software providers, ensuring a high level of quality. |
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.
FAQ
According to our research, the casinos with the best average payouts are; Jackpot City Casino, Friday Casino, Stay Casino, National Casino, and Lucky Nugget Casino. You can find reviews of these high payout casinos right here on our website.
Among the highest payout online casino games available to Canadian players are Fruity Beats Xtream, Ugga Bugga, and Ocean Princess. These games have a payout rate of more than 99%.
A good payout rate for a casino will vary depending on the average game volatility level and the number of potential prizes on offer. However, any payout rate above 96% is considered high for online casinos, so look for sites with rates around this number.
These terms often get confused. Return to Player (RTP) is usually used to describe the percentage of money that will be returned to a player depending on funds initially deposited during the slot game. Meanwhile, payout rates are statistics that provide players with an idea of the amount of money bet by players that the casino may pay out in winnings.
Author
