Best Payout Online Casinos in Canada

There are tons of online casinos in Canada, but some pay out more than others on average over time. Our experts have done the work to find the casinos with the highest paying games, best bonuses, and fast withdrawals. In this guide, we’ll share our knowledge with you, so that you know where to get the most value for your money in Canada.

Other websites use best payout casinos to refer to just the games. A casino with high Return To Player (RTP) games is a high payout casino. RTP is definitely an important factor, but our team takes a more holistic, player-focused approach.

This approach allows us to better assess the overall value of a site rather than just whether it has good games. Our team of Canadian experts know better than anyone that bad bonuses and unfair terms can destroy a casino experience, no matter how good the games are.

So, we don’t just look at the pure numbers and average payout percentages of the games themselves. Instead, our team uses their industry expertise and first-hand knowledge to also rate things like the casino’s reputation, game variety, bonus amounts, fair bonus terms, trusted licensing, payout time, and player-friendly policies.

Our team has spent countless hours reviewing and rating the best paying online casinos in Canada. We’ve come together to rank the top sites for payout percentage. All of the following 10 sites have an average RTP of over 96.6%. They’ve also been thoroughly vetted by our experts and are safe to play in Canada.

Every site we recommend has been thoroughly reviewed by our team of Canadian casino experts. More than that, though, our team is made up of real casino players. We aren’t just analyzing a site from the outside – we actually register, deposit, withdraw, claim bonuses, and play on it, so our reviews reflect real experiences, not just checklists. We also use our expertise to dive into the terms and conditions, licensing information, and privacy policy to look for red flags that you need to know about.

Some of the most important factors we consider for the best payout online casino sites are:

• RTP and payout consistency: High-payout casinos have high-RTP games and process withdrawals consistently without making you jump through hoops.
• Withdrawal speeds and limits: Top online casinos in Canada shouldn’t take longer than 48 hours to process withdrawals.
• Banking method availability: Our best payout casinos allow you to choose from a wide variety of casino payment methods and withdrawal options.
• Player experience & trustworthiness: If a site doesn’t seem trustworthy, we won’t recommend it. All our recommended sites also hold valid gambling licenses.

RTP, short for Return to Player, is essentially a game’s payout percentage. It represents how much of the money wagered on a casino game will be paid back out to players over time, on average.

The best payout slots have an RTP of 97.5% or higher. If we use 98% as an example, the slot will pay out $98 for every $100 wagered by players over time. The remaining $2 is the casino’s profit, or the house edge. RTP is determined by complex algorithms that are regularly audited by regulators.

However, it’s important to remember that the RTP is only an average. After all, casino games come down to luck, and often, there is very little that you can do to influence the outcome. You could win big or walk away with a loss – that’s gambling for you!

RTP vs. House Edge

Have you heard the expression “the house always wins”? The reason people say this is because of the house edge. It’s basically a fee the casino charges for offering its services. The house edge guarantees the casino a profit, and it’s baked into every casino game. RTP is another way of representing the house edge. If a game has a 98% RTP, there is a 2% house edge.

When it comes to casino withdrawals, the payment method you choose is pretty much the only thing that matters. Some banking options are just faster and have higher limits than others. We don’t consider withdrawal speed when we determine the RTP of a casino, but it is a factor you should consider when picking where to play.

Interac e-Transfer

Interac is one of the most popular payment methods in Canada. If you’re 21, which you should be to play online casino games in Canada, you’ve probably used Interac at some point in your life. At least, you’ve heard of it. It allows you to deposit and withdraw money directly from your bank account. Almost every bank in Canada supports Interac, and it’s accepted at pretty much every top online casino. This makes it a very safe and convenient option for Canadian players.

Credit & Debit Cards

Credit and debit cards, such as Visa and Mastercard, are widely accepted at high payout casinos in Canada. The major benefits of using them for gambling are convenience and speed. Deposits are simple and process instantly. It’s just like buying something online. Withdrawals, however, can take 1-5 banking days to process. Many sites don’t even allow credit and debit card withdrawals, instead allowing for e-wallets and bank transfers.

E-Wallets (PayPal, Skrill, Neteller)

E-wallets are among the fastest and most secure ways to send money online. Deposits process instantly, and most withdrawals take less than 24 hours, if that. However, for example, Skrill and Neteller are accepted at many online casinos, but several don’t let you use them to claim welcome bonuses. The e-wallets themselves also usually have fees. To sum it up, e-wallets are great, but make sure you read the fine print.

Bank Wire Transfer

Bank wire transfers are the most traditional and secure way to withdraw money from your casino account. They involve sending the money directly from your casino to your bank. The entire process typically takes 3-7 days, depending on how fast your casino processes your withdrawal request and how fast your bank processes the transfer. Because it takes so long, wire transfers are best suited for larger withdrawals or players who don’t mind waiting a little longer to get their money in exchange for added security.

Crypto Payments

Cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, are becoming increasingly popular at the best paying casinos in Canada due to their speed, security, and anonymity. Crypto transactions are decentralized and offer near-instant casino deposits and withdrawals. The only real issues are the learning curve of learning how to use crypto and the price volatility of the coins themselves. Overall, though, cryptocurrency is a solid option for Canadian casino players who value speed and anonymity when cashing out their winnings.

Top Tip: Online casinos in Ontario are not allowed to accept crypto. If you’re in Ontario, you will have to use CAD. This is unfortunate for crypto fans, but using an e-wallet will give you many of the same benefits.

When we say best payouts, we are referring to the RTP and how much the casino pays out in winnings. Fast withdrawal casinos, on the other hand, are just sites that process withdrawals quickly. We consider withdrawal times when rating the best payout casinos online, but they are separate things.

The best payout casinos have fast withdrawals and casino games with payout percentages over 96%. Casinos with fast withdrawals are sites that send you your winnings in less than 24 hours.

It’s important to remember that the best payout casinos only have high RTPs because their games do. Every casino game has a built-in RTP that casinos can’t change, and, obviously, some games have higher RTP than others. In general, table games and live casino games have higher RTPs than online slots, while online slots have higher RTPs than in-person slot machines.

Let’s break down the three main categories of online casino games and point out some games with high RTP below.

Top High-RTP Slots

Generally speaking, most online slots will not pay out as much on average as table games. That said, the best payout games come pretty close to table games. The average RTP for online slot machines is around 96%. The best payout slots, on the other hand, are closer to 98% or higher. Here are some examples:

Table Games with the Best Odds

If you were to go to any online casino and sort its games by RTP, 90 of the top 100 games would probably be table games. Many variations of blackjack, roulette, and baccarat payout over 99% of the money wagered on them. A lot of video poker games also have very high RTPs, but they take a bit more strategy to be successful.

Top Tip: Table games like blackjack and poker have very high RTP, but they are games of strategy as well as luck. Don’t expect to win if you don’t familiarize yourself with the basics and popular strategies before you play these games.

Live Dealer Games That Pay Well

Like with table games, most live dealer casino games have high RTPs. After all, the difference between solo blackjack and live dealer blackjack is not that major. There are just the added variables of less time to think and interacting with a real, human dealer. These variables make it even more important to understand table game strategy before playing live.

Now that you know everything there is to know about high payout casinos, let’s dive into how to sign up at our best payout casinos. Just follow this step-by-step guide, and you’ll be able to start playing in minutes.

1. Choose a Casino: Assess your own priorities, read our casino reviews, then pick the best payout casino that matches your needs and preferences.
2. Go to the Site: Visit the official casino site. Make sure you’re on the right one, since many casinos have different sites for Ontario versus the rest of Canada. Many sites are not available in Ontario at all.
3. Create Your Account: Select Register or Sign Up to access the casino sign-up form. Fill it out with your email, name, date of birth, and other requested personal information.
4. Verify Your Identity: After you create your account, follow the steps provided to verify your identity. The exact process will be a little different at every site, but you typically just need to upload a copy of your driver’s license.
5. Deposit Funds: Go to the cashier page and select Deposit. Choose your preferred payment method from the list of available options, enter your information and deposit amount, and confirm the transaction. It should process instantly, so you don’t have to wait to start playing.

Top Tip: When you create your account, make sure the information you provide matches your driver’s license or other government ID. If they don’t match, you may have issues verifying your identity.

Playing at high payout casinos is a great way to maximize your chances of winning. If you really want to give your chances a boost, though, you need to read these tips. We can’t guarantee that you’ll win, but at the very least, we can help you make your money last longer.

Choose High RTP Games

Our experts can’t pick your favourite game for you, but we can recommend that you only play casino games with high RTP. This way, you at least have a chance of getting more of your money back on average.

RTP isn’t the only thing you should think about. Consider the volatility of a slot (i.e., how often it pays out), bonus features, free spins, and, of course, your own personal preferences.

Top Tip: Most of the top paying casinos publish the RTP of each of their games. If you don’t see it anywhere, select the game and open the in-game menu. Then, look for the information or settings tab.

Use Bonuses with Low Wagering

High wagering requirements can make a bonus that looks great actually worthless. You can find the bonus wagering requirement in its terms and conditions, so make sure you read them closely. The average wagering requirement in Canada is around 35x to 40x. Some sites go as low as 10x, while others require 50x or more. If the wagering requirements are above 50x, you should probably consider other bonuses.

Also, pay attention to whether there are multiple wagering requirements in one bonus. Many offers have different requirements for free spins versus bonus cash.

Pick the Right Payment Method

The payment method you choose when playing at the best payout online casinos in Canada can affect which bonuses you can claim, the amount of fees, and how fast payouts are. This is why you should assess the pros and cons of each method and pick the one that’s best for you.

For example, e-wallets and cryptocurrencies are by far the fastest way to deposit and withdraw money from Canadian online casinos. However, e-wallet companies and crypto trading platforms often charge small fees. Visa, Mastercard, and bank transfer, on the other hand, have slower withdrawals but no fees.

Manage Your Bankroll

The best way to avoid burning through your bankroll quickly is to actively manage it. How you do this really depends on your own preferences. Some of our Canadian casino experts use bankroll management systems with set betting units that they never deviate from. Others just keep track of their wins and losses so they can monitor their spending and adjust their playing style accordingly.

Whatever you decide to do, make sure it’s sustainable and something you’ll actually stick to. This is the best way to minimize long-term losses and to avoid the risks of problem gambling.

Avoid Chasing Losses

If you’re ever down big, you might feel the urge to increase your bet amount so that you can recoup your losses quickly. Don’t ever do this! This is called chasing losses, and it’s a sure-fire way to lose even more money.

Instead of chasing losses, you should take a break to assess your budget and the best strategy for going forward. The most important thing is that you remain rational. Always bet with your head, and not your heart.

The last thing you want to do after winning big is wait forever to cash out. Thankfully, most online casinos in Canada pay out in less than two days. However, that’s if you do things the right way. If you mess up or choose the wrong payment method, you could end up waiting much longer.

Here are some common mistakes Canadian casino players often make that will slow down payouts:

• Not Verifying Your Identity Early: It takes just a few minutes to upload your ID to verify your identity. Do it as soon as possible after creating your account to avoid issues cashing out later.
• Breaking Bonus Terms: If you don’t read the fine print carefully, you can end up losing your bonus and forfeiting winnings earned from bonus bets.
• Ignoring Withdrawal Limits: Most sites have limits on how much you can cash out in one day/week/month/etc. Plan your withdrawals wisely to avoid running into these limits.
• Using Slow Payment Methods: Cashing out via bank transfer, wire transfer, eCheck, and other similar banking options is a guaranteed way to extend the amount of time you have to wait to collect your winnings.