Best Payout Online Casinos Canada
Few players understand that once you enter any casino you’re automatically at a slight disadvantage. However, by joining the right online casino, you could improve your odds of winning. This is where it’s important to find the best and the highest payout online casino as this site will provide you with a higher house edge than other online casinos generally would. This will make life a bit easier for you as far as gaming is concerned and luckily there are guides such as this one that will provide you with all the information that’s needed to get started with your journey at the best paying online casino Canada.
Below you’ll find all the information that’s needed to identify and understand the importance of finding the best payout online casino.
Best Online Casinos that Payout in Canada
| Rank | Casino | Bonus | Visit | Info |
|---|---|---|---|---|
| 1 |
Genesis Casino
|
$1000+ 50 Free Spins | Visit Casino |
Payout Percentage of 99%
         
|
| 18+. This offer is not available for players residing in Ontario | ||||
| 2 |
Spin Casino
|
$1000 | Visit Casino |
Payout Percentage of 98%
   
|
| 18+. This offer is not available for players residing in Ontario | ||||
| 3 |
Casino Planet
|
$1500+ 200 Free Spins | Visit Casino |
Payout Percentage of 97%
|
| 18+. This offer is not available for players residing in Ontario | ||||
| 4 |
Guts
|
$200+ 100 Free Spins | Visit Casino |
Payout Percentage of 97%
|
| 18+. This offer is not available for players residing in Ontario | ||||
| 5 |
Jackpot City Canada
|
$1600 | Visit Casino |
Payout Percentage of 97%
|
| 18+. This offer is not available for players residing in Ontario |
A Breakdown of the Top 5 Highest Paying Online Casinos
Genesis Casino
With an average of 95% payout percentage among the casinos in Canada, Genesis Casino has more than 99% RTP. As a new player you’ll be happy to know that once your first deposit is made at Genesis casino gladly provided by them with 100% bonus up until C$100 + 300 free spins on slots or table games! No matter which option suits yourself best this offer won’t disappoint.
- Avarage RTP – 99.2%
Spin Casino
Spin Casino offers great deals for players in Canada. In addition to accepting payment options like Interac and InstaDebit, Spin Casino has partnered with iDebit so that you can make transactions without worrying about conversion fees or currency exchange rate fluctuations!
Avarage RTP – 98.3%
Casino Planet
Casino Planet is an online casino operated by Genesis Global Ltd. It was launched in 2020 and joins many other brands run by Genesis. But what makes Casino Planet stand out versus the rest of our new online casinos? Read our entire Casino Planet review for all the details. And if you do give them a go, make sure to add to the Casino Planet reviews from our readers at the end.
Avarage RTP – 97.7%
Guts
Why not give Guts Casino a try with this great offer? You’ll get C$200 matched at 100% and 100 Free Spins on Book of Dead by Play’n Go. All you have to do is make your first deposit, which must be at least $10! The Free Spins will expire after 10 days so don’t wait too long before using them – they might run out fast because we’re only giving away ten per day (and no more than one extra).
Avarage RTP – 97.2%
Jackpot City
Jackpot City is a great place for slot lovers. With over 630 games (400+ slots!), tasty bonuses and banking options that you’ll love, there’s no better choice than JackpotCity Canada! The best part? You can play desktop or mobile as it has been tailored specifically to your needs – making this an excellent online casino experience overall!
Avarage RTP – 97.9%
What is RTP?
You’ve likely seen this term before, but what is RTP and why is it so important? The payout percentage that an online casino provides is also known as the RTP (return to player) rate. The highest paying online casino can be determined by taking a quick look at the RTP that’s provided. However, casino RTP’s aren’t the only thing that you could look out for as most games will have a dedicated RTP, which will have a direct effect on the overall payout rate provided by a casino.
The RTP rate means how much money you’ll eventually get back from the casino based on the amount of cash that’s been invested. This amount will vary between one online casino to the next with the industry-standard ranging between 90 and 98%, the better the percentage, the greater it would be for the player. Essentially, if you were to invest C$100 into your casino account, the casino will pay back between C$90 to C$98 in the form of earnings and will pocket up to C$10 in the form of profit.
The payout percentage is equivalent to the winnings paid over the amount of money that’s wagered.
Who Audits the RTP?
To prevent online casinos from lying about the RTP that it provides these casinos are audited by third-party agencies. This is due to RTP’s being under continuous scrutiny and there is also a range of organizations that have been given the task to audit online casinos to ensure that the RTP’s that are reported are correct. To find out which agency had audited the site there’ll usually be a certificate of approval located at the bottom of the screen.
The following agencies are usually used to find out about high paying online casinos:
eCOGRA
The eCommerce Online Gaming Regulation and Assurance agency, better known as eCOGRA, is an auditing agency based in London and it specializes in the standards of an organization and general player protection. eCOGRA was launched in 2003 as the first self-governing online gaming program and it issues certificates that indicate that an online casino has completed an audit and testing. For the top paying online casino to receive the eCOGRA Safe and Fair Seal it will need to conform to eGAP (eCOGRA’s Generally Accepted Practice) requirements.
GLI
Gaming Labs International is the gold standard when it comes to finding the highest payout casino games and online casinos. This agency focuses on certification and testing services within the iGaming industry and it uses in-house software to evaluate and simulate every probable outcome in various games to accurately determine what the RTP will be. GLI will report on whether games are acceptable regarding the RTP it provides and it also operates via its subsidiary known as Technical Systems Testing (TST).
iTech Labs
Like eCOGRA and GLI, iTech Labs is a qualified testing agency that focuses on iGaming. This agency audits various casino games along with the RTP rates that are provided. iTech Labs also tests the general security of an online casino along with the RNGs.
The highest payout online casinos will always be audited by one of the aforementioned testing agencies and we would recommend that you avoid signing up with any online platforms that don’t have a testing seal of approval.
Best Payout Casino Games
While looking at the payout percentage of the online casinos, we suggest that you take it a step further and check out the RTP of different games. Below you’ll find the RTP of different casino games along with an explanation regarding the house edge and which games are the best casino games to win in terms of odds.
Slots – While slots are the easiest games to play, the casino house edge that you’ll find is on these games. The industry standard for slots is 96%, but most of them will be between 92 and 98%. Despite all of this, your chances of winning with slots are quite good when playing at online casinos that feature games from reliable software providers.
American Roulette – American Roulette is a version of roulette that has two zero pocks that boosts the house edge to 5.26% with an RTP of 94 to 95%; however, despite the presence of various tactics for roulette most experts will recommend avoiding this game altogether. If you’re keen on enjoying a few rounds of Roulette, we would recommend French/Single Zero Roulette due to the La Partage rule that significantly decreases the house edge and raises the RTP to 98.65%.
Craps – Craps will feature an RTP of 98.6% which makes it one of the highest payout casino games. The house edge of craps will depend on the roll, with the highest being 2.78% on Big 6 and 8, so keep this in mind when playing.
Baccarat – This is an incredibly entertaining game and it features an RTP of 98.9%; however, the house edge depends on the bet that you make, so if you’re thinking about making a tie bet, we recommend that you don’t due to the 9.5% house edge. This is huge compared to 1.06% on Banker bets and 1.24% on Player bets.
Video Poker – Video Poker is the only game that features a higher RTP than Blackjack with a rate of 99.5%. The house edge of video poker depends on the version you’re playing as some will be as low as 0.5% and others can be as high as 5%.
Best Payout Online Slots
When it comes to the highest paying slot games there’s a lot to look out for from the variance of the game, the bonus features, and the RTP. Below you’ll find a list of slots that feature the highest RTP rates. The RTP rate of a slot is how much money you’ll get back in the form of winnings in the form of a percentage. These rates are calculated by looking at how much is gained from a C$100 deposit over a set period.
- Mega Joker (NetEnt) 99%
- Monopoly Big Event (Barcrest) 99%
- 1429 Unchartered Seas (Thunderkick) 98.6%
- Jackpot 6000 (NetEnt) Up to 98.10%
- Blood Suckers (NetEnt) 98%
- Jokerizer (Yggdrasil) 98%
- Kings of Chicago (NetEnt) 99%
- Magicious (Thunderkick) 97.6%
- Devils Delight (NetEnt) 97.6%
- Esqueleto Explosivo (Thunderkick) 97.6%
Things to Understand About High Payout Online Casinos
While it might be exciting to have stumbled upon this information about high paying online casinos, there are a few things that you’ll need to understand about them. Just because the casino features a high RTP doesn’t mean that you’re guaranteed to win, it just means that when it does payout, the amount will be relatively higher than what’s offered by competitors. There is also a range of benefits apart from the obvious. The best paying casino online will usually also be the fastest payout online casino, which is relatively uncommon within the industry.
These casinos will also have decent welcome bonuses, but they’ll be nothing worth fussing over, hence the value is provided elsewhere. Overall, you can’t go wrong with a high payout online casino and it has to offer. The highest paying online casinos will provide you with the same gaming experience it’s only the payout portion of the experience that differs.
FAQ
- Which casino game has the best payout?
-
Mega Joker and Monopoly Big Event are the highest-paying casino games.
- Do online casinos pay real money?
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Yes, but this depends on what you’re playing and if you’re using real money.
- Which online casino best payout?
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Genesis has the best payouts with a rate of 99.2%.
- Do all casinos have the same payout speeds?
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No, it depends on the payment process and the banking methods that are used.
