The Best Paying Casinos Online in Canada in 2023

Best Paying Casinos Online: The Essentials

We regularly review online casino games and casino sites to determine the best paying casinos online. Some Canadian casinos and gambling sites have excellent return-to-player rates. The Casinoclaw team has evaluated all of them, so you don't have to.

We analyze payout percentages, game selection, and cash-out times to rank the leading online gambling platforms. In the sections below, you'll learn which casinos give you the most for your money. Equipped with the proper knowledge, you can view gambling with different eyes.

What are Payout Percentages on a Top Paying Online Casino?

The payout percentage is the average payout an online casino real money offers players who bet on online slots. It takes into account all placed bets.

Further, the payout percentages of all games are considered to get the average RTP rates of online casino Canada sites. That includes slot machines, table games, live dealer games, progressive jackpots, e.g.

The return-to-player percentage is the difference between what the top online casinos earn and what they pay gamblers. With this in mind, if a top-rated site has payout rates of 96%, it makes C$4 on a C$100 wager. That also means the house edge for its high-payout casino games is 4%.

What Makes the Best Paying Casino Online?

You should undoubtedly consider several factors when determining what online casino pays out the most. Software providers equip the highest payout online casinos with different types of games.

Although some slots can have the highest RTP rates of 98% or 99%, others have lower payout percentages. For example, 88-92% for some jackpot slots. Luckily, table games like Baccarat or Blackjack and live casino games such as Roulette balance out the RTP.

Consequently, the best-paying online casino has high RTP rates of 96% and more. We suggest staying clear of anything below 95% if you want big and consistent wins. High-paying casinos help in maximizing your winning potential and offer greater returns.

Additionally, many reputable high-payout online casinos in Canada show info about payout percentages on their sites. Stick with recommended brands with fast payouts and plenty of banking methods for an especially enjoyable gaming experience.

Lastly, consider the gaming providers and the game variants they offer. The same type of online casino game can have slightly different rules due to a new gameplay feature. A NetEnt game can, thus, have a higher or lower RTP ratio than the same game offered by Playtech.

Often, the new online casinos have better payout rates than their established rivals.

What is the Average Slot Game Payout for the Best Paying Online Casinos in Canada?

We have tested many sites to find the highest-paying online casino slots in Canada. The websites below offer above-average payout percentages improving your chances of landing big wins. Even more, we will highlight the names of the slot games to get the best payout rates.

Now that we know what online casino pays out the most let's see what they can offer you.

• Firstly, Leo Vegas has thousands of games and a top VIP program.
• Betsafe offers new players a welcome bonus of up to C$1000 and free bets.
• PlayAmo Casino features fast withdrawals and 150 free spins.
• Wildz Casino, for example, has the fastest payouts and low wagering requirements.
• 888 Casino offers cryptocurrency and traditional payment methods.
• Casino Days has a C$1000 first-deposit bonus and support popular e-wallets.
• All Slots Casino has a low minimum deposit requirement and progressive jackpots.
• Finally, Jackpot City has publicly released its payout percentage and offers top-notch customer support.

What Other Online Casino Games Have High Payout Percentages?

Slot machines undeniably pay loads of money, but the return-to-player rates are traditionally higher elsewhere. In truth, table games and live casino games have better RTP rates. You can check that on the corresponding payout tables or our casino reviews.

The odds of winning on table games are, hence, greater. They come with the lowest house edge and above-average payout frequency. For that reason, many online casinos have limited bonus offers for these types of games.

Besides online slots, the following games have the best RTP payout percentages:

Another type of live dealer game that we love to play is poker. Compared to Blackjack, which is luck-based, live casino poker is also a game of skill; provided that you know how to play, consider trying the following high RTP top-paying online casino poker games.

• Ultimate Texas Hold'em, 99.47% RTP.
• Texas Hold'em Bonus Poker, 99.47% RTP.
• 2 Hand Casino Hold'em, 99.18% RTP.

How to Find Which Online Casino Pays the Best in Canada?

If you want to find out which online casino pays out the most, there are several ways to do that. The following tips contain everything a Canadian player needs about payout rates.

• Be on the lookout for updated information on this website. Whenever there is a change to the best-paying casinos online, our experts update the information you see here. Providers release new online slots almost monthly, so we test these games for you. Once a new top-paying online casino emerges, we will include it on our list. 
• Read our casino reviews for detailed information about the best online casinos available. Shortly, our casino reviews are detail-oriented and offer more information about individual online gambling sites. For example, you can find out about high RTP slots or what withdrawal methods are available. We also pay attention to the payout speeds, so you don't have to worry about it.
• Create your betting account. Now that you have selected one of the best-paying online casinos, it's time to sign up. Complete the registration process and get ready to deposit. On the positive side, cryptocurrency casinos don't ask for identity verification. New players can activate a welcome bonus as long as they want to.
• Read the terms and conditions. As soon as you want to start playing, read the T&C to get acquainted with the rules and wagering requirements. In general, you don't want to miss anything of importance.

Who Inspects the Best Paying Casino Online Platforms?

The safety of the players is of the utmost importance, after all, when it comes to online casino gambling. That's why expert testing agencies have audited all games and the best paying casinos online.

Correspondingly, all the casino software is fair because company reputations are at stake. To sum up, pay attention to the names of the leading testing facilities that review online casino games:

• eCOGRA
• TST
• iTech Labs
• SQS
• Gaming Laboratories International

Our Top 10 Recommendations for the Best Paying Out Online Casino Sites

To illustrate which online casino pays out the most, we need to consider the RTP rates of its games. Each site is different, but there is always an average payout rate in the equation. With this in mind, here are the best paying casinos online in Canada in 2023.

How Do I Know that Canadian Casinos Are Safe and Secure?

Before registering a gaming account, we check to see if the site is safe and secure for our players. Only if the best paying casinos online are trustworthy will we add them to our list. You, too, have ways to check the security of the best paying online casinos. 

1. Scroll down to the bottom of the page and check the casino license. If you want a safe place for your personal and financial data, gamble only in licensed casinos. We recommend licensing authorities like Malta Gaming Authority, Curacao, or the UK Gambling Commission.
2. Be specifically on the lookout for SSL encryption. In a word, it ensures that any sensitive data shared with the casino is encrypted and anonymous.
3. Thirdly, check the online casino's profile on regulator websites like eCOGRA. This organization inspects the fairness of online casino games and, thus, publicly releases data on RTP rates. We suggest checking those reports to learn which online casino pays the best.
4. Unless you have something against casino bonuses, activate them while signing up. In sum, the best-paying casinos online improve your chances of winning with free spins and deposit bonuses.
5. Finally, top paying online casino sites follow responsible gambling guidelines for player protection. Problem gamblers have, therefore, ways to limit the money and time spent wagering. Some of the methods are self-exclusion, deposit, or time limits, i.e.

How to Check the RTP and Find Which Online Casino Pays Out the Most?

The return-to-player percentage is the best way to know how much you can win playing a casino game. Regardless of the website, it's easy to find this stat.

The first place to look is in the paytable. It's surely available by clicking on the info button or the help section of your game. Additionally, many online casinos publish these numbers in their reviews of the games under the game screen.

In case you can't find it, googling helps, or you can visit the official website of the game provider. Not surprisingly, there is usually a game intro or review that shows the payout percentages.

Choosing the Best Paying Online Casino for You

The easiest way to stay up-to-date with the best paying casinos online is by regularly checking our website. In essence, we keep track of the best online casinos and check the payout percentages of their games. E.g., you can check out our top 6 online real money casino Canada sites and pick the right one for you.

However, you can conclude by checking the casino lobby and various games. Moreover, slot games are only one point you can focus on. The RTP ratios are indeed higher on live casino games and table games.

Likewise, consider if the casino accepts the payment methods that suit you. The best paying out online casino brands accept VISA/MasterCard debit and credit cards, e.g., they commonly support e-wallets like PayPal, MuchBetter, Neteller, etc. The fastest payout online casino guarantees fast and secure deposits and withdrawals.

Advantages of Playing at Best Paying Casinos Online

All in all, getting more value for your money is what everyone wants. Undoubtedly, the best way to achieve that is by playing at high-payout casinos.

• The best paying casino online sites have a lower house edge. Whether you like it or not, this edge gives the operators an advantage over you. Still, you can change the odds in your favour by only playing games with high return-to-player rates.
• You enjoy fast payouts and control over your funds. After all, the online casino industry is highly competitive, and everyone wants to come out on top. Correspondingly, payout speeds have become crucial for the best paying online casinos. Whenever possible, they like to offer you instant payouts and withdrawals.
• Online casinos with high payout rates have extraordinary casino bonuses. That is often overlooked when looking for the best paying out online casino. Activating bonus offers hence gives gamblers more bankroll for wagers.

Disadvantages of Playing at Low Payout Casinos

Unless you follow our casino reviews and reports, you could find yourself in a low-payout online casino. You will have several drawbacks in such a situation:

• Low-payout gambling sites have a higher house edge. In that case, the operators have more favourable odds to beat you at your game.
• You decrease your chances of landing big wins. Casinos with lower payouts unquestionably have worse RTP player percentages than the best paying casinos online. Because of that, gambling at such sites makes it difficult to be profitable.
• Low payout online casinos can be less trustworthy and unlicensed. Since the sites have given themselves unfair odds, trust is missing. In contrast, fair gambling sites want you to experience the thrill of winning.

How Can I Spot Unreliable Online Casinos with Low Payouts?

Even though most Canadian online casinos are reliable and safe, there are still some that you should avoid. Even more, they aren't difficult to spot. Unreliable online casinos offer lousy customer service support. Generally, we recommend staying away if you feel uncomfortable talking to them.

The exchange of data between you and the casino servers must be encrypted. Otherwise, hackers can hack it remotely and steal your identity or financial information.

Further, unreliable low payout casinos don't want to invest money in casino licenses. On the contrary, the best paying casino online sites often possess licences from multiple regulators.

You can find payout percentages and platform reliability information by googling the casino's name. Sooner or later, low payout casinos will receive poor ratings from fellow gamblers, which you can find online.

Reputable payment service brands don't want to partner with unreliable casinos offering low payout percentages. Suppose you notice that popular payment methods (debit/credit cards, e-wallets, online banking) are missing. In that case, it's the most compelling evidence that something is wrong.

What Online Slots Have the Highest Payout Percentages?

Slot machines are easy to play, not to mention how much fun they are. Bigger payouts, therefore, statistically come from games with higher RTP rates. In either case, here are the best paying casino online slots on the Canadian market:

Tips and Strategies for Playing at Best Paying Casinos Online

We hope you finally know the benefits of playing on the best paying online casinos. Still, you can make a few changes to get even bigger odds and more pleasure.

1. Register on multiple online casinos in Canada. Casino games are luck-based, so you never know where you could get lucky. Playing on more than one increases the possibility of significant payouts. In addition, you won't find all of the high-RTP games on one site. They are scattered all over the place.
2. Use our sources of the top paying online casino sites to find high RTP games. For example, table games, live dealer games, and slot machines statistically have the best payout percentages. With this in mind, place your wagers on the highest possible RTP casino games. 
3. Try new games, but only if they offer satisfying payout rates. Online casinos will, without a doubt, regularly advertise if they introduce new casino software. Before you invest real money, check how much the games pay to know if they are worth your time.
4. Consider additional elements such as volatility and hit frequency. Together with RTP, many players inspect the volatility and hit frequency of casino games. For example, low-variance slots pay more regularly than high-volatility ones. On average, the hit frequency indicates how many rounds you need to play to land a win.

What Casino Bonuses are Available on the Best Paying Casinos Online?

To begin with, Canadian casinos offer new and existing players various casino bonuses. You can only take advantage of their perks if you accept and activate them. In short, these are the most common bonus offers:

Payment Methods on the Best Paying Online Casinos in Canada

A wide range of payment options is particularly satisfying if you play in Canada. In any case, you can deposit and withdraw however you want at the best paying casinos online.

The Types of Casino Games on the Best Paying Casinos Online

Firstly, the offer of games between top paying online casino sites and low payout casinos are the same. In essence, it's the payout percentages and RTP ratios that differ. Nevertheless, the most common online casino games include the following:

Best Paying Casino Software

Modern casino software is indeed no longer exclusive to a few game providers. Further, software designers worldwide work on new technological innovations to deliver the best products.

The graphics and sounds of online casino games are impressive despite the device and operating system you use. We certainly believe that future games will cause even better gameplay experiences.

On the whole, here are the most popular online casino software developers:

• Playtech
• NetEnt
• Evolution Gaming
• Microgaming
• Realtime Gaming
• IGT
• Betsoft
• Novomatic
• NextGen Gaming
• Play'n GO
• Thuderkick
• Big Time Gaming

What is the Average Time for Online Casino Payouts?

Firstly, the payout times differ from site to site, depending on your payment methods. Some banking options are processed faster than others. We needed to test each payment option separately to determine the average payout time. Under those circumstances, a good average is three business days.

Simultaneously, payment methods like cryptocurrencies and e-wallets reach their final destinations quicker than online banking and bank transfer options.

Here is an overview of the average payout times for different payment methods on the best paying casinos online.

Can Something Affect the Average Payout Times?

We found that, for the most part, the withdrawal process is glitch-free on the best paying online casinos in Canada. However, there might be delays if the casino is processing an unusually high inflow of new withdrawal requests.

Additionally, identity verification could be another reason payouts take longer to process. Fiat casinos require all players to undergo KYC verification before getting their money.

If some information is missing or doesn't add up, the platforms will need more time to obtain it. Finally, by using a crypto casino, you won't need to perform identity verification.

FAQ

Lars Wahlström( CEO and Publisher )

Lars Wahlström is a recognized leader in the iGaming industry, with over 20 years of experience from both the tech side and an operator. He's now CEO and Publisher at ARGO Gaming Group, the company behind Casinoclaw.

Games and gambling has been an interest of Lars' since early years and besides slots and casino, he's also into poker, sports betting and trotting.

All this experience is drawn upon when he writes, and we dare say he's one of the best casino writers out there. Lars' base is the ARGO HQ and Stockholm office, but he travels a lot and often participates in industry trade shows and panels. To get in contact with Lars, use our contact page or message him directly on LinkedIn or Twitter.