Best Online Casino for Payouts 2023
Some of the best casinos in the world are considered to be so because they offer the best payouts – and, let’s face it, all casino players want the best payouts right? Well, because there are so many online casino sites out there – and researching the payout rates of them all can be a little tedious, we have stepped in to do that for you!
Here, we have shortlisted the best online Casinos in Canada that offer the very best online casino payouts. As well as great wins, the sites we recommend will get you a great experience from start to finish – whether you win or not. So, let’s take a look at the best online casino for payouts – and how to get the best payouts from your online casino experience…
The Highest Paying Online Casino Sites for November
Last Updated: November 3, 2023
How We Rate the Best Payout Online Casino Sites
The easiest way for you to find out the best casinos in Canada with the best payouts is pretty simple… read on! However, how do we come up with our list of the best? Well, it’s all about putting the work in.
We literally tested the best Canadian online casinos to find out the most trustworthy, legitimate and reliable sites that payout the highest percentage of their income back to the players in winnings. As well as identifying the best payout online casino Canada offers overall, we also look at what affects the payout rate of a casino and how it scores in each of the following areas.
So, here are the main factors we consider:
The Welcome Bonus and Other Bonuses
The best payout online casinos will also offer the best bonuses – as great bonuses often lead to better payouts. Because you are playing with the casino’s money, you will have a better chance of getting a return from the deposit you made to claim the bonus.
However, every bonus and promotion – for new and existing players, will come with a wagering requirement. There are even some out there that will require you to fulfil 50x or even 100x wagering before you can withdraw your winnings. The best payout online casino sites will offer generous bonuses with fair playthrough requirements.
Loyalty and VIP Programs
The best payout online casino Canada sites will offer loyalty programs and VIP programs to motivate you to come back and keep playing their online casino games. These will give you even better casino bonuses, more free spins and the chance to get an even better payout rate. The more you play, the higher you bet, and the more you get in return.
What slot games payout bigger than progressive jackpots? The best payout online casino sites will offer plenty of jackpot games so that you have the chance to win seriously big money. Hit the right combination on the right progressive slot and you could win millions. The best online casinos in Canada will give you all sorts of options!
The better the software providers, the better the payout percentages you get, especially when it comes to slot games. For this reason, the best payout online casino sites in Canada will offer top games from the best developers including NetEnt, Microgaming, Play ‘N Go, Betsoft, Yggdrasil – and live casino games from Evolution Gaming.
Licensing and Regulations
The highest payout online casino sites in Canada will have a certificate from a trusted and reliable gaming authority. This will ensure that the casino offers fair play and generous payout rates. We only ever recommend licensed and regulated online casinos – and we recommend that you make sure you check the licence for yourself if playing at a site that is not on our list of best payout casinos.
The Best Casinos Games
If you have a great selection of casinos, you can look through whatever is on offer and play the ones with the best RTP and the lowest house edge – as well as the one that you enjoy the most, so you get the best all-around playing experience along with high payouts!
Getting the Best Payouts Online
Being able to enjoy quick withdrawals and secure payouts is vital for a decent casino experience. That is why it is essential that you only ever play at an online casino that has been licensed and regulated – with a good reputation for paying out quickly with no hassle.
The reason that so many people prefer playing at online casinos is because they can actually access even more of the best-paying games. When you compare online casinos to land-based casinos, one of the biggest differences is the number of games you have access to. The online casino space is unlimited. This means that online casinos can keep adding more and more top payout casino games, meanwhile, land-based casinos (no matter how big they are) are all restricted by spacial limits. This means that they have to be more selective with the games they offer.
This also means that online casinos are able to offer more variations of a specific game. So, there are likely to be games that offer better payout percentages with higher paying bet types. This means that, in general, players usually get an overall higher percentage payout available when playing online casino games.
In addition, there are many live, land-based casinos that are limited because of the local gambling rules and regulations – and this can sometimes restrict the format and the style of the game. For example, American Roulette is different to European Roulette and French Roulette – and is also known for having a higher house edge than its two counterparts. When playing at an online casino, you will have access to all the different variations of the game, so you can choose the one with the best payout!
Ultimately, the lack of restrictions and the freedom to play many more variations of games is the biggest reason that more people are looking to play online casinos in Canada – add to that the plentiful selection of online casino bonuses and these are the main reasons that playing online often leads to better payouts than playing at a land-based casino.
How to Start Playing at Casinos with High Payout
Next, let’s have a look at the different games and find out how you can enjoy the very best payouts online…
Choose your Best Online Casino Canada
Look at our list of the best payout online casino Canada sites, read the reviews and see which one you like the look of the most. Click on the link and open it up!
Create Your New Account
You then need to register for a new casino account. This will be quick and easy. Simply follow the instructions as set by the casino and you will be good to go in just 5 or so minutes.
Claim Your Welcome Bonus
The very best payout online casino Canada sites will offer super generous welcome bonuses – deposit match offers, free spins and more. Make your qualifying deposit and claim the offer!
Choose Your Casino game and Start Playing
Whether you use your free spins, deposit bonus or your own real money funds, you can choose your favorite games, check out the RTP and payout rates and get playing!
That’s it! You’re ready to start enjoying playing games at the very best payout online casino Canada has to offer!
The Best Payout Online Casino Games
When playing at the best payout online casinos, here are some of the games you should check out…
Online Slot Games
When compared to other casino games, the house edge on slot games is higher. However, your chances are still pretty reasonable if you play the best real money slot games from a good gaming provider. All of the slot games that we look at here will have an RTP percentage of around 95% or more – which is pretty high!
No 1: 8 Lucky Charms – 97.4% RTP
This is a really popular online slot game found in some of the best payout online casino sites in Canada. The game is based on Chinese culture and has lots of fun features.
No: 2 777 Deluxe – 96.18% RTP
This game is one that offers some great jackpot wins – and is a must-play for Canadian players looking for a big payout.
No 3 Gold Rush – 95.7% RTP
This Pragmatic Play slot game takes you on a treasure hunt for massive payouts – with plenty of fun along the way.
No 4 Big Cash – 95.7% RTP
This is a classic slot game that can offer players some very big cash payouts!
No 5: As The Reels Turns 1 – 95.2% RTP
This adventure-themed slot game is played over 5-reels – and as the reel turns you can start picking up some great wins.
So, if you want some high payout games, give these online slots a try!!
Table games are the games that generally have the lowest house edge – which means even better opportunities for great payouts. Blackjack is famous for its low house edge!
Progressive Jackpot Slots
These aren’t great for house edge… but in terms of high payouts, they don’t get better than this!
Some Video Poker games have an RTP of around 99.99%. Games such as Jacks or Better have a 0.46% house edge. Payouts are better if you practise and have a good poker strategy. Some of the games with the best house edge are:
Live Casino Games
Live dealer games generally have the same house edge as their RNG automated game counterparts.
The games that are based on skill and strategy, as well as luck (such as poker, blackjack and baccarat), will allow you to increase your chance of winning.
When registering for a new online casino in Canada, check the average RTP% of the casino. The best payout online casinos in Canada will offer an average RTP of well over 90%.
What is the RTP – Return to Player%?
Well, all games will indicate their theoretical RTP – which is the average payout percentage. It is the average amount of money that the casino game pays out compared to how much money is spent on the game.
However, this figure is worked out over a long period. As such, if you spend $100 on a 96% RTP game, then it is unlikely that you will see a return of $96 (it could be higher or lower!) However, if you spent $100,000 on the game, chances are you will win around $96,000 back. The more you spend on the game, the more accurate the RTP% is.
Many online casino players consider the RTP when choosing their game. However, along with this, players should also consider the size of the payouts. If you are looking for a high payout, then you should also consider the volatility of the game. A high-volatility game may not pay out as often, but the payouts are bigger.
Ultimately, as a player looking for a good payout, we recommend choosing a game with high RTP combined with a medium to high volatility level.
The Best and Fastest Casino Payment Methods
If you have got yourself a great win, then you’ll want to get to your money as soon as you can and fast payout casinos offer players the quickest withdrawal times. You don’t just want big wins, but you want quick wins as well.
Remember, the speed will depend on the method and the casino…
Here are the most popular withdrawal methods at the highest payout casinos online:
- Other eWallet options
- If you are a player that likes to deposit and withdraw via PayPal, then you may be lucky and find one or two that accept it. However, unfortunately, many Canadian casinos still don’t accept it yet.
The best high payout gambling sites will also accept options such as debit cards and credit cards and even bank transfers although these are somewhat slower than eWallet withdrawals.
High Payout Casino Welcome Bonuses and Promotions
The best real money payout online casino Canada sites will offer fair and generous welcome bonuses and sign-up offers.
Remember, when claiming any offer, make sure you read the terms and conditions first. If the terms are too restrictive, you may find that it doesn’t offer as much value as you may want. Some of the best online payout casinos include Jackpot City Casino, Spin Casino and Royal Vegas.
Who Checks the Highest Payout Casinos RTPs?
If you are looking for the highest-paying online gambling sites, then you need to make sure that it is regularly audited by one or more of the following authorities:
Here are certifications to look for
This company ensures that gaming sites are safe, legitimate and reliable. If it is the eCOGRA seal of approval, you’re in good hands.
The Gaming Laboratories International tests out the technology behind the best casinos and the highest payout casino games.
The best-paying online casino sites may also be certified by iTechLabs, which ensures safe and transparent play.
Pros and Cons of Playing at the Highest Payout Online Casino
The advantages are pretty obvious: you get more chances to win better payouts! In addition, they usually offer quick withdrawals.
The only real downside is that you need to control your spending. Don’t keep spending over your budget chasing the biggest payouts!
Best Online Casino for Payouts FAQs
What is RTP?+
This is the return to player percentage. So, if a casino game has an RTP of 96%, then one average for every $100,000 played on the game, it pays out $96,000.
What Is a Good Payout Percentage?+
On average, payouts of around 96% or more are considered good. Some of the best table games such as blackjack and poker variations, even pay out 99%+.
What is the Average Slot Game RTP?+
Normally, the average video slot game will have an RTP between 95% to 97%. Anything higher is great. The highest-paying online casinos will have lots of high RTP games.
Can I Withdraw All of My Winnings?+
Usually, yes. However, if you are playing with bonus money, then there are almost certainly going to be wagering requirements you will need to fulfil first. Make sure you have completed the wagering before attempting to withdraw. Also, check out whether or not there are any fees attached to withdrawals as well. Casinos also usually have a maximum withdrawal limit, so if you win big, this may be worth looking at.
How Fast Are Payouts?+
This depends on the withdrawal method and casino. At a good casino with an eWallet withdrawal, you can get your money in under 24 hours. Other methods such as bank cards usually take between 1 and 5 days.