Recently updated on August 24th, 2023 at 08:17 pm
10 Best Paying Casinos Online 2023 in Canada
Table of Contents
The best payout online casinos are the ones where the payouts on the casino games are the highest, and the house edge is the lowest.
The most reputable online casinos prioritize transparency, ensuring that players receive optimal payouts from their games. Trusted independent agencies such as eCOGRA, iTech Labs, and TST verify the payout percentages, regularly testing them for fairness and precision. As a result, many of these diligent online casinos showcase a compliance seal see example. Additionally, they often dedicate a page to display their games’ Return to Player (RTP) values. However, several outstanding casinos might keep these statistics private.
This guide will introduce you to the top-paying online casinos and guide you on discerning the credibility of operators who do not disclose their monthly payout rates.
Canada’s Best Payout Online Casino Sites Ranked:
| # | Payout % | Welcome Bonus | Games | Ratings |
|---|---|---|---|---|
| Lucky Nugget See Bonus & Visit | 98,2 online casino best payout | EXCL 40 Free Spins + C$200 | +500 (Great Bonuses & Promotions) | 9,5 |
| Golden Tiger See Bonus & Visit | 98,0 | C$1500 T&C 18+ | +550 | 8,0 |
| Jackpot City See Bonus & Visit | 98,0 | EXCL 150 Free Spins + C$1600 | +500 (One of the best) Exclusive Bonus | 10 |
| Jackpot Paradise See Bonus & Visit | 97,5 | C$200 T&C 18+ | +600 (One of the best) Exclusive Bonus | 9,5 |
| VegasParadise See Bonus & Visit | 97,5 | C$200 T&C 18+ | +600 (Top Online Casino) | 10 |
| River Belle See Bonus & Visit | 97,2 | C$800 T&C 18+ | +500 (Huge Selection of Games) | 9,0 |
| Leo Vegas See Bonus & Visit | 96,8 | C$1000 T&C 18+ | +1000 (Huge Selection of Games) | 9,5 |
| Grand Mondial See Bonus & Visit | 96,8 | $/£37.50 T&C 18+ | +550 | 8,0 |
| Casino Classic See Bonus & Visit | 96,6 | $200 + 40 Free Spins T&C 18+ | +600 | 8,0 |
| Party Casino See Bonus & Visit | 96,5 | 20 Free Spins + $500 T&C | +500 | 8,0 |
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Where to find the highest payout online casinos?
This is very easy. All you need to do is check the list above. We have a team of casino experts working around the clock to find the top payout casinos in the industry. It’s their job to check whether they are legit operators and if they meet the criteria to enter our best payout casinos.
Once you find a casino on our site that you like the rest is easy. All you need to do is click on the link and it will take you directly to the casino website. By following our link, you also opt in for any exclusive promotions that the casino has to offer.
Once you reach the casino all you need to do is hit the register button. Enter your email and personal details and your casino account will be ready.
After you log into your casino account you can make a deposit and play all of the casino games the operator has to offer.
RTP and payouts explained
The online casinos with best payout above ranked based on the payouts of the casino games for the previous month based on winnings and losses. The Return to Player (RTP) value is a sum of all of the payout percentages of all the casino games for the previous month. Usually, most testing agencies publish the results of the RTP value of certain categories of games. These usually include slots, table games, video poker, and live dealer games. Once they have the payouts for all of these categories, they come up with the average RTP value, which is the overall RTP value for that casino.
But you can easily see what the RTP is for each game’s category. At one casino the RTP can be higher for slots than it is for table games, see the highest paying slots 2023 here. So, at that operator, you are better off playing slots, than table games. At another operator, it can be the other way around. Based on the percentages you can determine which games to play to increase your chances of winning.
Best Odds Casino Game – Payout Percentages
The best payout online casinos in Canada are determined primarily based on their casino games’ real-time payout rates see example where we get our data from. Each game has an associated average payout percentage, often referred to as the “Return to Player” (RTP) or “house edge.” These percentages can vary based on the game variant, the software provider, and the casino’s settings.
| Online Casino Game | RTP Info | Average Payout Percentage |
|---|---|---|
| Video Poker | Video Poker: Some variations of video poker offer extremely high RTPs. For example, "Jacks or Better" can have an RTP of up to 99.54% with perfect strategy. Other variants like "Double Bonus Poker" and "Full Pay Deuces Wild" can even exceed a 100% RTP, though these machines are rare and may have other stipulations. | 99.54% |
| Blackjack | With proper strategy, the house edge for blackjack can be very low. On average, the house edge for blackjack is around 0.5% for the classic game, though this can vary depending on the specific rules and variations of the game. | 99.50 |
| Baccarat | Baccarat is one of the most player-friendly games regarding house edge. Betting on the banker has a house edge of 1.06% while betting on the player has a house edge of 1.24%. Betting on a tie, however, usually has a much higher house edge, often around 14.36%. | 98.90% |
| Craps | The house edge in craps depends on the bet you make. The best bet, "Pass Line" or "Don't Pass," has a house edge of just 1.41% and 1.36%, respectively. However, other bets can have a much higher house edge, so it's essential to understand the odds and bets. | 98.6% |
| Roulette | The RTP for Roulette depends on its variant. European Roulette, with one zero, has a house edge of 2.7%. American Roulette has a higher house edge at 5.26% with both a single and double zero. | 94.74% - 97.30% |
| Slots: | Online Slot machines can have a wide range of RTPs, but the average is usually between 92% to 97%. Some online slots can even offer RTPs higher than 98%.You can check the specific RTP for each slot game, as it can vary widely. | 96.00% Mostly from 92% to 98%. |
RTP at online vs brick and mortar casinos
One detail many players like to know is whether the RTP value is higher at online casinos or at brick-and-mortar ones. We can easily say that online casinos offer much better payouts compared to brick-and-mortar ones. At online casinos, the Average RTP value is 95%-97%, while brick and-mortar ones can be as low as 80% or less. This is simply due to the higher operating cost of Canadian land-based casinos. They have to buy the slot machines, set up tables, employ a big number of dealers and attendants, and have a physical site to set up the casino floor. At online casinos, the operating costs are much lower, so they can afford to operate on a much higher RTP level.
For you, as a player, this is great news. Not only do you have better chances of winning at online casinos, you can also enjoy the many perks they have to offer. One of the most attractive ones is bonus promotions. At every online casino, you can claim a bonus and increase your starting balance. This way you can play with higher bets and get much bigger payouts in return.
Independent testing agencies
As we mentioned earlier the average RTP value of the casino games and the casinos is determined by independent testing agencies. The most popular one in the world is eCOGRA.org, but there are several other reputable ones like iTEch Labs and Technical Systems Testing (TST). These agencies were formed as a means to prove that the casino games operators offer are fair when it comes to payouts. Every casino game has a predetermined RTP value and these agencies make sure that the value is actually met.
This is done by simply playing the game and logging the payouts and losses. Every casino game will eventually meet its RTP value after millions of spins. Once the agency proves that the RTP is met they can give it a seal of approval and you will know that the game is fair when it comes to payouts.
What to look out for at online casinos
Even if an online casino doesn’t employ the services of an independent testing agency you can still see whether it’s a good real money online casino or not. After all the best payout casinos are only the ones that have a high average RTP value. There are many other factors operators have to meet to earn a good reputation. Below we will explain the most important ones.
Valid operating license
A valid operating license is a must at every online casino, especially at those promoting themselves to be the best payout casinos. If an operator has a valid license you know that they are operating in a professional way and that they are a legit online casino. If you play at casinos that don’t have a valid operating license you run the risk of getting scammed. Also, if a dispute arises you can be sure that it will be resolved in a non-biased and professional manner. Some of the strongest operating licenses in the world are the UK Gambling Commission, the Malta Gaming Authority, as well as the Alcohol and Gaming Commission of Ontario. Before you join a casino make sure that they have at least one of these licenses on their website.
Fair Bonus promotions
If you decide to make a deposit at an online casino and claim a bonus it’s highly advisable to read through the bonus terms and make sure that they are fair. Start with the wagering requirements first. Make sure that they are as low as possible. You have a better chance of making a withdrawal at casinos where the wager is lower than at casinos where the wager is higher. The math is simple. You will need to place fewer bets overall to make a successful withdrawal. Also, check the maximum bet per spin limit. At most casinos when you play with a bonus it’s $5, but at some, it can be as low as $1 per spin. Once you’re happy with the bonus terms you can make a deposit and claim the bonus.
Speedy Payouts
Another thing to look out for is the payout timeframe. Today most online casinos offer speedy payouts where your withdrawal is usually processed within 12-24 hours. But at some operators, the payout timeframe can be many days. No player wants to wait that long for his withdrawal to be processed. It’s always better to get your winnings fast, so you can deposit and play at another casino, potentially making another withdrawal.
Straightforward account verification
Many players have encountered problems with account verification when making their first withdrawal. You can easily learn about the process at a specific casino by doing some research across gambling forums. If the verification is easy and straightforward you can freely play at that casino. But if you come across many negative comments, it’s better to play at some other casino and avoid the hassle.
Variety of casino games
It’s always better to play at casinos that have a rich offer of casino games. This way you can easily move from one game to another, or try games from different software providers. The more games you try the bigger the chances are that you will come across one that will pay big. Once you hit a big payout the road to a hefty withdrawal is much easier.
24/7 Customer Support
Having someone to talk to when you run into a problem is imperative when playing at online casinos. This is why it’s a good idea to play at operators which offer 24/7 live chat support. If you run into problems an operator will instantly come online and resolve the query. You won’t have to waste any time waiting for an answer and you can get back to playing the casino games right away.
