What is your goal when gambling online? You want to win, and you want to have some fun while at it. However, not all online casino sites are created equal. Some will provide their players with a better return on investment and experience than others, and these high-paying online casinos are the ones you should be after when looking for the best Canadian online casino. Fortunately, there are plenty of options available for Canadian players.
Best Rated Highest Payout Casinos in Canada - 2023
When comparing the best Canadian online casinos with the highest payouts, you should have three things in mind:
- the payout percentage – the higher, the better;
- the number and efficiency of payout options;
- the highest payout casino games offered – slot games, poker, blackjack, etc.
Such casinos will provide you with the highest and fastest casino payouts, ensuring an entertaining and convenient online casino experience.
However, it takes much more for a high-payout online casino to be considered the best. When doing your research, you should also consider such things as safety and licensing, bonuses and promotions, etc. Don’t settle for mediocre sites. You deserve the best gaming experience. And to help ensure that, we’ve listed the best payout online casino sites in Canada.
The following online casinos will provide you with fast, frequent, and high payouts while also ensuring a safe, responsible, and exciting gambling experience.
Highest Paying Canadian Online Casinos
When looking for the best payout online casino in Canada, you will be comparing casino sites based on their payout percentages, otherwise referred to as return-to-player (RTP).
Okay, but what is the payout percentage? Simply put, it’s the percentage of money paid out by the casino on the player’s winnings. That percentage can vary from one casino to another, but the rule here is pretty straightforward – the higher the percentage amount, the higher the possible payouts.
For example, let’s say that the payout percentage at the casino you want to play at is 95%. This means that for every dollar you wager, the casino will pay out 95 cents in winnings, with the remaining 5 cents being the casino’s profit.
Where to find such information? They are typically displayed on the casino’s website or the casino lobby. What is considered a high payout percentage at an online casino, though? Anything equal to or above 97% is a fantastic place to gamble.
We’ll discuss RTP and payout percentages in more detail later in the guide. For now, let’s look at some of the highest-paying online casinos in Canada.
All of the below listed fast payout casinos are carefully selected on the following criteria:
- Return to player percentage
- Withdrawal speed
- Gambling licenses
- Customer service & Reliability
What Is RTP?
Return to player (RTP) is a popular term in the gambling industry. Essentially, it describes the percentage of money wagered that the casino will pay back to the player over time.
In simpler terms, an RTP of 97% means that for every $100 wagered, you can expect a 97$ return on that wagered $100. Simple, isn’t it? However, a bit more comes into play once you start digging.
Mainly, it’s important to understand that RTP is a long-time average. It’s not guaranteed that the casino will pay back that $97 from your wagered $100 after each spin you make playing online slots. It only states that after, let’s say, 1,000 spins, the average payout will be 97% of your total wagered amount.
The payout rate is also affected by bonuses and promotions, such as free spins or deposit bonuses. It will also vary between the casino games.
However, the general rule is pretty straightforward – the higher the RTP, the better the payouts. That said, it’s better to play at casino sites that offer a relatively high return-to-player ratio (a minimum of 97%).
Casino Percentages Explained
When comparing the best payout casinos in Canada, you will need to take a closer look at their payout rates. Top online casinos will always have such information displayed, both for the casino and the specific games it offers.
These percentages will tell you how much you can expect to win over time. If the casino doesn’t provide you with such data, even after contacting it directly, it likely has something to hide and shouldn’t be trusted.
Audited vs. Unaudited Payout Percentages
When comparing the best online casinos, you should always pick gambling sites that are fully licensed and audited by third-party organizations. The same rule applies to online casino payouts.
As said, a reliable casino will openly display the information on its payout rates. You should also be able to see the information on which company completed the audit.
The audit should always be completed by a third-party body. Look for the following online gambling auditors when comparing Canadian casinos:
- iTech Labs
- Gaming Laboratories International (GLI)
If you see any of the names above on the site, you can expect high and fast payouts when playing your favourite games.
How Are the Payout Rates Audited?
Audits are performed by independent companies who check whether casino percentages provided by online casinos are honest. To check that, the companies test each game, playing it for numerous sessions to calculate the correct RTP. Audits also include checking the game balance.
The auditor will verify the returns and see whether the RNG (random number generator) software is working correctly to ensure all players are presented with a fair winning opportunity.
Security and Licensing at Highest Payout Casinos
RTP is only one of the numerous factors you should check when comparing the highest-paying online casino sites in Canada. The best online payout casinos should also implement strong security measures, such as two-factor authentication.
To ensure you only play at reputable Canadian casinos, check their licenses. When comparing online gambling sites, look for licenses from the Malta Gaming Authority and the UK Online Gambling Commission.
Licenses from these two authoritative bodies state that the casino follows the online gambling rules – providing players with fair and high payouts while implementing strong security measures.
Online Casino Games with the Highest Payouts
The casino’s payout percentage will play a vital part in your decision process. The same goes for security and license. However, when choosing the best payout online casino in Canada, you will also need to consider the average percentage payout of the casino games.
The best payout casino sites should offer you thousands of games to play. Which ones will provide you with the highest payouts, though? Let’s look at the following best-paying online casino games list to find out.
How to Cash Out with the Highest Payout Online Casino?
Another thing to consider when comparing high-payout casino sites in Canada is the bonuses and promotions they offer. While casino bonuses don’t directly impact the casino’s RTP, they have a massive impact on the overall experience, providing you with extra money to play with.
These extra funds can also lead to higher payouts, as you’re more likely to bet higher when playing different casino games. What kinds of bonuses and promotions should a top Canadian online casino offer? The most common bonuses include:
- Deposit bonus, where the casino will match the deposit amount – deposit bonuses are typically included in welcome bonuses;
- Non-deposit bonuses, where the casino will provide you with extra funds to play for real money;
- Free spins, where the casino will provide you with a given number of free spins when you play online slot machines;
- VIP programme, which is a dedicated promotion scheme that rewards loyal players with rewards and bonuses and entices them to play more.
That said, look for online casinos that offer lucrative bonuses and promotions to boost your bankroll and improve your winning opportunities.
Bonuses and Promotions at the Best Payout Online Casinos in Canada
Best payout online casinos should also provide players with numerous and fast payout options. As an online casino player, you should be able to choose your favourite payment method conveniently. The payout speed also matters as you’d probably like to have the winnings in your bank account as soon as possible.
As for cashing out, the best Canadian high-payout online casinos should provide you with an easy-to-follow payout process. It typically looks like this:
- Send your request. Some casinos will want you to provide some supporting information first to ensure it’s you who is making that payout request.
- Enter the amount you want to withdraw.
- Select your chosen payment method.
- Make your withdrawal. The payout speed will depend on the banking option you pick.
And that would be all we want you to know about the best payout online casinos in Canada! Hopefully, our guide has shed more light on which casinos you should choose when searching for that perfect high-payout casino.
You can rest assured that all the casinos included in our list tick all the boxes in terms of the online casino gaming experience, security, payout speed, and fairness. We only recommend our readers tried and tested sites that are licensed and regulated by independent companies.
If you’re looking for the best Canadian casinos that offer sure and frequent payouts, the above sites are your best bet (pun intended). Still, we always recommend our users do some of the research themselves. Therefore, while we provided you with the list, it’s your task to pick the best one. When it comes to that, be sure to check the casino’s:
- Game lobby. The best casino online should offer hundreds, if not thousands, of casino games, ranging from classic slots and progressive jackpot games to table games, such as blackjack, poker, and roulette.
- Bonuses and promotions. Bonuses a casino offers will greatly impact your overall gaming experience, so be sure to choose the site with the most lucrative promotions.
- Withdrawal methods. The more payment methods the casino offers, the better. First, it’s much more convenient. And secondly, it means the casino can be trusted.
- License and security. Speaking of trust, you must only gamble at sites that are licensed and regulated by independent companies. That ensures they are fair and secure to play at.
- RTP. And last but not least, we have the RTP percentage. As explained, the higher the RTP, the higher the payouts, so have that in mind when choosing your best payout online casino in Canada.
Also, remember that how much you can win and how frequently your winnings are will depend on how you play casino games. You can overcome the house edge and score some very lucrative cashouts with some skill and luck.
What do you think of Highest payout casinos page? Behind every review is an experience that matters!
Lisa works as a content writer and specializes in delivering top tier i-gaming content which is why her articles and blog posts are always very engaging and informative. Well spoken, and does her research very well in an industry where transparency, honesty and constant follow up is a rarity.