The Best Payout Online Casinos In Canada For 2023

Verified by Lee James Gwilliam

Can the games you play and the casino sites you choose affect your wins?  Our team takes an an in-depth look at the best paying casinos in Canada, as well as the highest paying casino games. We delve into the numbers and show you what the payout percentages can mean for you, and show you what to look for at the top Canadian online casinos.    

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    Read Party Review 100% Welcome Bonus up to $1000 + 50 Free Spins
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Editor's Pick: Top Paying Casinos To Try In 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.

Casino Welcome BonusPayout Rate Game CountBest Paying SlotPayout Speed
1. Party Casino100% up to $1,000 and 50 Free Spins96.5%1,500+Mega Joker (99%)1-3 days
2. Polestar CasinoWelcome Package up to $1,50096.2%5700+Money Cart 2 (98%)2-5 days
3. MyEmpire Casino100% Welcome Bonus up to $1200 + 300 Free Spins95.8%8,600+Soju Bomb (97.9%)3-7 days
4. Leo Vegas CasinoUp to $1,000 and 200 Free Spins95.6%1,220+Joker Strike (98.11%)1-5 days
5. Winawin CasinoWelcome Package up to $6825 + 1800 Free Spins95.4%1,500+Soju Bomb (97.9%)2-6 days

Learn More About Our Top Payout Casinos in Canada

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%)
Read Party Review 100% Welcome Bonus up to $1000 + 50 Free Spins
19+. New players only. $10 min deposit, wagering 20x deposit + bonus. Canada only (excl. Ontario). T&C's apply

Over 1,500 games, from slots and table games to jackpot reels and live casino options, are available at Party Casino. Players have countless opportunities to enjoy the casino's reasonable payout rate, with certain games having over 100,000 ways to win. Mega Moolah, the highest-paying slot game in online casino history in terms of sheer jackpot size, is also available for progressive jackpot enthusiasts. 

When you join Party Casino, you can pick get 50 free spins and a 100% match up to $1,000. The bonus 20x wagering requirement is more reasonable than what we've seen in some rival sites, but it applies to both the bonus and your qualifying deposit. If you're a loyal player, you can enjoy Party's loyalty program and VIP club — avenues to exclusive perks like cashback, free spins, and gifts. Want to know more? Have a look at our Party Casino review

Party Casino Pros and Cons

Advantages
Large game selection
High RTP slots
Fast payout processing
Disadvantages
Bonus applies to first deposit only

#2: Polestar Casino

  • Payout Rate: 96.2%
  • Payout Speed: 2-5 days
  • Bonus: Welcome bonus package up to $1,500
  • Wagering Requirement: 35x the bonus + deposit
  • Number of Slot Games: Over 3,000
  • Highest RTP Slots: Money Cart 2 (98%), Book of Dead (96.21%), and Starburst (96.09%)
19+ T&C's Apply. This offer is not available to players residing in Ontario

With a 96.2% payout rate and a decent payout speed of 1–5 days, Polestar makes a strong case for inclusion in our list. Although relatively new, the casino has over 800 high-quality games from excellent software providers like NetEnt, Play'n GO, and Relax Gaming. You'll find multiple innovative and high-paying games, including Money Cart 2 (98%) and Book of Dead (96.21%), to keep you thrilled for hours.

Additionally, Polestar offers new players a series of deposit bonuses totalling up to $1,500 on their first three deposits. This bonus can boost your funds and provide more opportunities to win. On the downside, you have only ten days to take this bonus and a $30 minimum deposit to qualify. It has a 35x wagering requirement, which is applied to the bonus amount plus the deposit you made to claim it. Our Polestar casino review has all the details on this high-payout site!

Polestar Pros and Cons

Advantages
Comprehensive slot collection
Generous welcome offer
Multiple progressive slots
Disadvantages
High minimum deposit
Relatively steep wagering requirements

#3: MyEmpire Casino

  • 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%)
Read MyEmpire Review 100% Welcome Bonus up to $1200 + 300 Free Spins
19+ T&C Apply. Play Responsibly. Full Terms Apply. This offer is not available for players residing in Ontario.

MyEmpire Casino is a stylish, sophisticated Canadian casino offering over 500 titles from Habanero, Pragmatic Play, and Microgaming. The casino has an excellent welcome offer of up to $1,200 and 300 free spins. This combination yields more opportunities to play and win big! 

Also, MyEmpire's overall 95.8% payout rate is complemented by some rewarding slots like Soju Bomb (97.9%), Immortal Romance (96.86%), and Gonzo's Quest (96%). So you'll have countless chances to win big at the casino. However, there's a catch: the welcome offer has a 35x wagering requirement, which is applied to the bonus plus the deposit you make to claim it. This is comparatively high but possible to beat. Note that cashout requests may be faster, but an average waiting period is three days. For more information, head over to our MyEmpire casino review

MyEmpire Pros and Cons

Advantages
Remarkable welcome offer
Plenty of high-RTP slots
Wide range of games
Disadvantages
Low monthly withdrawal limits
High wagering requirements

#4: LeoVegas Casino

  • 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%)
Read Leo Vegas Review Welcome Package up to $1000 + 200 Free Spins
19+ T&C Apply. Play Responsibly. Full Terms Apply. This offer is not available for players residing in Ontario.

Several features make LeoVegas an excellent choice when researching casinos according to their payout potential. The casino has a 95.6% payout rate and stocks the industry's highest-paying games, from Joker Strike (98.11%) and Mega Joker (99%) to Blood Suckers (98%). Throw in the 1,200+ casino game options on offer, and you're guaranteed intense fun. Not to forget the speedy withdrawal period of 1-5 days. 

It gets better with the LeoVegas welcome bonus, which promises a deposit match of up to $1,000 and 200 free spins. All deposit bonuses, including the signup offer, at the casino have only 20x playthrough requirements, meaning you can maximize the offer and get significantly improved winning odds. However, this bonus is claimable across your first four deposits, each requiring at least $10 to claim. Interested? Take a look at our Leo Vegas casino review for more information. 

Leo Vegas Pros and Cons

Advantages
World-class mobile gaming experience
Fast payout speed
Low wagering demands
Disadvantages
You need to complete the wagering requirements before you get the bonus

#5: Winawin Casino

  • 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%)
Read Winawin Review Welcome Package up to $6375 + 1800 Free Spins
Promo Code: WIN100
19+ T&C Apply. Play Responsibly. Full Terms Apply. This offer is not available for players residing in Ontario.

Winawin Casino starts you off in grand style, with up to $6,825 in welcome bonuses and 1,800 free spins. The casino's main jackpot pool is worth over C$100 million, and VIP club members can enjoy multiple cashback and reload offers. You can also pick slots with excellent RTPs like Soju Bomb (97.9%) and Immortal Romance (96.86%).

However, the Winawin welcome bonus has a 50x wagering demand. This playthrough requirement is steep, considering the offer is spread across your first four deposits. The casino also has a relatively low monthly withdrawal limit of $10,000. Overall, Winawin is a Canadian casino with an excellent payout rate and various opportunities to win. Have a look at the Winawin casino review if you'd like to know more. 

Winawin Pros and Cons

Advantages
Massive welcome offer
VIP cashback
Comprehensive game lobbies
Disadvantages
50x wagering demand

Casino Payout Percentages Explained

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? 

What Influences Casino Payouts?

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. 

What is RTP?

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. 

How Does RTP Relate To Casino Payouts?

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. 

Best Paying Casinos vs Best Paying Games

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. 

Payout Percentage vs House Edge

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). 

House Edge Of Popular Casino Games

Online Slots2% to 6% or slightly higher
Blackjack2% to 0.5% or less
Baccarat1.06% to 1.24%
Video Poker1% to 3%

Best Payout Casinos: Why Slots Matter

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. 

Volatility And Variance

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.

Top 5 Highest Paying Slot Games In Canada (Excluding Ontario)

Software Provider
RTP
96.21%
Maximum win
C$500
Bonus Feature
  1. Read CashWin Review 100% Welcome Bonus up to $1000 + 50 Free Spins
    19+ T&C's Apply. This Offer is not available to players residing in Ontario
Software Provider
RTP
96.07%
Maximum win
C$3,750,000
Bonus Feature
  1. Read CashWin Review 100% Welcome Bonus up to $1000 + 50 Free Spins
    19+ T&C's Apply. This Offer is not available to players residing in Ontario
Software Provider
RTP
96.26%
Maximum win
C$10,000,000
Bonus Feature
  1. Read CashWin Review 100% Welcome Bonus up to $1000 + 50 Free Spins
    19+ T&C's Apply. This Offer is not available to players residing in Ontario
Software Provider
RTP
96.5%
Maximum win
C$500,000
Bonus Feature
  1. Read CashWin Review 100% Welcome Bonus up to $1000 + 50 Free Spins
    19+ T&C's Apply. This Offer is not available to players residing in Ontario
Software Provider
RTP
97.66%
Maximum win
C$82,088
Bonus Feature
  1. Read Wazamba Review 100% Welcome Bonus up to $750 + 200 Free Spins
    19+. T&C's Apply. This offer is not available to players residing in Ontario

Progressive Jackpot Payouts

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!

How Can I Find the Best Payout Online Casinos?

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.

High Payouts vs Fast Payouts

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. 

Verified RNG

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. 

Independent Testing

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. 

Meet the editor

Natasha Alessandrello
Natasha Alessandrello Editor

Natasha Alessandrello is a Senior Editor in the Casinos.com content team. She began her career as a Features Writer for several weekly and monthly magazines, and has a decade’s worth of experience in writing, researching and editing casino content. She is interested in all equine sports, and enjoys blackjack and the occasional game of poker.

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