The Best Payout Online Casinos In Canada For 2023

While gambling is a hobby, winning real money from games can be a sweet icing on the cake. However, payout rates only tell half the story. Other factors vital to an enjoyable casino gaming experience in Canada include the welcome bonus, game lobby, and payout processing speed. 

Considering these factors over an intensive research period, our dedicated experts have settled on five top sites for players to explore this month. As this table shows, these Canadian casinos boast excellent payout rates and perform satisfactorily in other valuable metrics.

Canada's top-paying casinos satisfy your gaming interests while offering reasonable bonuses to help you maximize your deposits. Find out how each casino above falls in this category and why it made our final list. 

Disclaimer: The bonus offers mentioned are not intended for players in Ontario. 

#1: Party Casino

• Payout Rate: 96.55%
• Payout Speed: 1-3 days
• Bonus: 100% up to $1,000 and 50 free spins
• Wagering Requirement: 20x bonus plus deposit
• Number of Slot Games: Over 1400
• Highest RTP Slots: Mega Joker (99%), Ocean Princess (99%), and Ugga Bugga (99%)

• Payout Rate: 95.8%
• Payout Speed: 3-7 days
• Bonus: 100% Welcome Bonus up to $1200 + 300 Free Spins
• Wagering Requirement: 35x
• Number of Slot Games: Over 7,500
• Highest RTP Slots: Soju Bomb (97.9%), Immortal Romance (96.86%), and Gonzo's Quest (96%)

• Payout Rate: 95.6%
• Payout Speed: 1-5 days
• Bonus: Up to $1,000 and 200 free spins
• Wagering Requirement: 20x
• Number of Slot Games: Over 1,000
• Highest RTP Slots: Joker Strike (98.11%), Mega Joker (99%), Blood Suckers (98%)

• Payout Rate: 95.4%
• Payout Speed: 2-6 days
• Bonus: Welcome package up to $6,825 + 1,800 free spins
• Wagering Requirement: 50x
• Number of Slot Games: Over 500
• Highest RTP Slots: Soju Bomb (97.9%), Immortal Romance (96.86%), Gonzo's Quest (96%)

While we all know that we are never guaranteed a win when we play games of chance, there are things you can do to improve your odds. For example, choosing games with the highest RTP may influence your winnings over time. But what do the percentages actually mean, and can the same principle be applied to casinos rather than games? 

Basically, the casino’s payout rate is the average of the payout rates of all the games it offers. A casino’s payout rate will vary, depending on the games it offers. Factors like the number of high RTP games it offers, the range of table games, and the number of jackpots won at a casino can all come into play. 

Choosing a casino with a high payout rate means that you will have access to a wide range of high payout games. While individual wins can’t be guaranteed, over time, this payout rate may mean the odds will be more favorable for you at the best paying casinos than they would be if you consistently played low payout games at a low payout casino. 

RTP stands for Return to Player. It is listed as a percentage amount and is indicative of the amount a player can expect to be returned in the long run from playing that game. High RTP slots will typically be more rewarding to players than those with a low RTP. 

If an online slot has a return to player percentage of 95%, then 95% of all money wagered on the game will be paid out. For every $50 wagered, $47.50 will be paid out, with the rest being profit for the house (or house edge).

It is important to remember that the RTP is based on a game’s entire lifespan. Short periods of spinning the reels will have quite varied outcomes, so it’s never a guarantee whether or not you’ll have a win, even if the slot has a high RTP. Other factors will also determine how a game plays and pays out, like the variance, but RTP is often the best guide when choosing a slot game. 

The casino game’s RTP is the amount of money wagered on the game which should return to players over time, and is expressed as a percentage. So, for example, if a slot has an RTP of 96%, then theoretically, for every $100 wagered, $96 should return to players over time. “Payout” is a much broader term which usually refers to the payout percentage of the casino (rather than a single game), but can also refer to the speed of payout, or the size of the payouts that the casino is willing to process. On this page, we’ll go into more detail about the best payout casinos. 

It’s easy to understand what qualifies a specific game as one of the best payout slots out there - it’s simply based on how good the payouts of that slot are, compared to other slots. If you’re a one game kind of person, you might have already picked your favorite based on how good the payout is! 

However, if you prefer to play a diverse range of games, you might be more interested in the best payout casinos. This is a bit more complex, as a number of factors impact on the overall payout of a casino. For example, the RTP is a big influence, but the number of players, the types of games (e.g. jackpots), the number of high payout games, and the actual amount that the casino pays out over time also have an impact. That said, many of the best Canadian casinos will be transparent about their payout rates. So, in the same way that a slot game may have a RTP of 96% (using the example in the section above), a casino could have a payout rate expressed as a percentage too. 

You might have heard the adage that “the house always wins”, but just how true is that when it comes to online casino sites? 

The “house edge” for a slot game is what you get when you deduct the RTP for that specific game from the overall 100%. The RTP for each game is set when the game is created by the developers, and of course all trustworthy game studios ensure that their games make use of Random Number Generator (RNG) technology, to ensure that every outcome is completely random and has the same chance of winning. This means that your choices as a player - be in your stake, the timings of your spins or any other factors - don't really play in to whether or not you come out a winner. In this case, yes, the house will actually always win, because no slot games have an RTP of 100%! This doesn’t mean that you won’t ever come out with a win though - the RTP is calculated over time. 

If you’re into your table games, the house edge is a little bit different. As certain card games like poker do have a strategy element which can impact on whether or not you win. There are also certain conditions that impact on the house edge of table games. For example, if you’re playing blackjack, it will depend factors like specific game rules and how many decks are being used, while for baccarat it will depend on if you’re betting on the banker, player, or a tie to win. 

Poker is another interesting one. Here the house edge will depend on your strategy, as well as other factors like the rules of the particular variation you’re playing (like Texas Hold’Em or Caribbean Stud). 

If the payout percentage of a casino can be determined by calculating the average payout of all its games, then real money slots simply cannot be ignored. As any seasoned casino player will know, slots form the bulk of most online casino game libraries. Slots can account for anything from 60% to 100% of the game offerings. So, when it comes to finding a high payout casino, the selection of slots available will play an integral part. If a casino doesn’t have a solid selection of high RTP slots, it will affect the total payout percentage of the casino itself.  

Some online casinos feature a section in their footer or their FAQs section, where you can see the RTP for every slot on the website. If they don’t have this feature, you can view the RTP for each slot within the info once you’ve opened up the game. This is simple enough, but it helps to know that the best payout slots aren’t necessarily just those with the highest RTP. There are other factors that come into play here, for example the maximum win amount, or the frequency that you can win on that slot. 

Depending on what kind of slots player you are, you might choose your preferred game based on the volatility or variance of a slot. Payout is really a combination of these factors, alongside RTP, and this is what determines if you’re likely to have numerous small wins, or one larger win. It’s all about personal preference in the end, but nevertheless it’s good to know a bit about high variance slots. 

A slot is said to have a high variance when you don’t land on winning combinations of symbols too often, but when you do, you’re more likely to have a bigger win. In contrast, a low variance slot game is likely to show up winning combinations more often, but they’ll be smaller wins. Essentially, while variance and volatility are similar, variance is a more statistical term, while volatility has more to do with your gameplay. 

• High volatility slots don’t pay out too often, but they do pay out bigger wins. Some good examples are Jokerizer and Jammin’ Jars.
• Medium volatility slots are a good balance between big wins and regular payouts. Try out Mystery Joker or Reel Rush 2. 
• Low volatility slots can be fun, because you win more regularly. That said, you wins are likely to be much smaller. We enjoy low volatility slots like Starburst and the Mega Moolah progressive jackpot.

Progressive jackpots can come with huge maximum payout amounts, and depending on the game these can be anywhere from four figures to a whopping seven figures. It makes sense then that progressive jackpots RTP is usually lower than that of other online slot games. However, they’re definitely still worth playing, as you do have a chance at winning that absolutely huge jackpot. Progressive jackpots are also totally thrilling, as you can literally watch the jackpot amount increase as you play!

If you’re looking for the best paying casinos in Canada, Casinos.com should be your first port of call. Our team of experts is always on the lookout for the best payout sites, and they evaluate them based on a number of different criteria before recommending only the best to you! You can consult the lists of top payout casinos on this page, and check back regularly as we frequently update this page with the latest high-payout casino sites.

What is the “best payout casino”? Is it a casino that offers a high average return to player, or is it a casino that pays out your wins quickly? High paying casinos may offer you better returns over time, but if you do have a big win, the withdrawal process itself may be frustrating. Some casinos take up to 48 hours to process withdrawal requests, which means it can take two days before they even start the withdrawal transaction. Then, depending on the payment method you use, it could take anything from a few minutes to seven more days to get the money into your account. 

From a practical point of view, it makes the most sense to choose a casino that offers both a high payout percentage, and fast withdrawals. Remember to always check the terms and conditions around withdrawals – casinos often have limits on the amount that you can withdraw in a month, and some payment providers have maximum limits for the amount per transaction. Most of the time, for most of us, these limits are far above our average gameplay, but for high rollers or lucky winners, they may have a big impact. 

All trustworthy online casinos use RNG (Random Number Generator) technology for their slot games. This is what makes the nature of slots so unpredictable - essentially this technology means that it's impossible to pre-determine what the outcome of any specific spin will be, as it's totally random. Each and every spin will have the same chance of being a winner, which means that you can't have any kind of strategy when it comes to slot games. Sometimes you might win, and other times you might lose - the payout over time should align with the RTP of that slot, but it's not granular enough to determine what happens every time you play. 

Games that don't use RNG include strategy games like live blackjack online and other live casino games, as when these are played at online casinos, it works exactly the same as it would if you were playing at a traditional casino. 

All of the online casino sites which you’ll see here at Casinos.com are totally safe and fair, so you can rest assured that all of their games have gone through independent testing. This means that when the game studio is developing a slot, it gets audited and tested by a third party, to ensure that the game and its payout rates are fair, and that the RNG technology works correctly. You can look out for certifications from bodies like iTechLabs, which verify that the games at an online casino have gone through this independent testing process.