Online Casinos With the Best Payouts in Canada

You must come to the right place to look for Canadian online casinos with the highest payouts. We understand that your primary goal is to win more by playing casino games, so we find the best payout online casinos in Canada on your behalf. Keep reading this guide and discover all the highest-paying casinos and casino games with high payout percentages in Canada 2023.

Top Recommended Payout Casinos in Canada

1. Verde Casino - Welcome Bonus of up to C$1200+220 Free Spins

Verde Casino is our best payout casino in Canada overall. The casino was founded in 2022 and operated in Canada under Brivio Limited, a gambling company licensed and regulated by the Government of Curacao. When you join this fast payout casino, you will get your winnings within 4 minutes to 4 days. Verde Casino has an average payout percentage of 95%, which is better than other casino sites. This means that players will win back 95% of the total amount wagered across their games. When it comes to individual games’ RTPs, they vary between games. For example, most slots have a return to player between 94% and -97%.

2. National Casino - 150% Match Bonus up to C$1500 + 150 Free Spins

National Casino is one of the fast-payout casino sites you should try in 2023. The casino has been in the online gambling industry since 2021 and holds gaming licenses from the Kahnawake Gaming Commission and Curacao. Besides, the casino stands out with a payout percentage of 98% and impressive casino bonuses.  A payout ratio of 98% means that 98% of all funds wagered at National Casino will go back to players over time.

3. Lucky Days - C$1500+100 Free Spins Welcome Bonus

Luck Days is a Canadian high-payout casino that has been in the online gambling scene since 2019. Operated by L7 Entertainment Ltd and licensed by Curacao, the casino boasts a payout ratio of 96.7%, over 800 casino games, and lucrative bonus offers. The casino also accepts some of the fastest payment options in Canada. This is to say that the casino returns 96.7% of all the wagers to players. ECOGRA, a London-based regulatory body that tests casino games to ensure fairness, has approved this payout ratio. Regarding games' RTPs, they are among the highest in the industry. For example, some casino slot machines have RTPs of up to 98%.

4. Vulkan Vegas - Sign-up Bonus of up to C$1500+150 Free Spins

Vulkan Vegas is a trusted high-payout casino that has been online since 2016. The casino operates in Canada under the stewardship of Brivio Limited, an iGaming company licensed by the Government of Curacao. Moreover, the casino stands out with an impressive payout percentage of 96.57% and an exciting welcome bonus. This means that the casino will return 96.57% of all the wagers to players as winnings. On the other hand, the RTPs for most casino games range from 94% to 97%. 

5. Spinaway Casino - C$1500+100 Bonus Spins Welcome Offer

Spinaway is a Canadian high-payout online casino that has a lot to offer. The casino debuted online in 2020 and holds two gambling licenses – from the Government of Curacao and the Alcohol and Gaming Commission of Ontario. In addition to that, the casino has fast payment methods, attractive casino bonuses, and great customer support. The payout percentage of Spinaway Casino ranges from 95% -97%. A payout percentage of 97% means that the casino will return 97% of all the wagers will go back to players in the form of winnings. For example, if players wager C$100,000 a week, the casino will pay C$97,000 in the form of winnings. The remaining money, C$3000, is profit for the casino. 

What Is a Casino Payout Percentage?

Payout percentage, also known as return to player percentage or payout rate, refers to the amount of money an online casino returns to players over time. Online casinos usually subtract their profit from wagers before returning the rest to players as winnings. Moreover, a higher payout percentage means players receive more cash prizes from an online casino.

Most online casinos in Canada have an average payout percentage of 95%. However, some top casinos have high payout percentages of 97% and above. One thing worth noting is that slots have varying RTPs ranging from 90% to 99%. Table games, on the other hand, have fixed RTPs, which stabilize the average payout ratio. An average payout ratio of 95% - 96% is a good benchmark when choosing the best payout online casinos.

The casino payout percentage is calculated in a very simple way. Specifically, the ratio is determined by dividing the amount paid to casino players by the total amount taken by the casino in the form of wagers. For example, if an online casino takes C$100 as wagers and pays C$95 to gamblers, the payout ratio would be 95/100, which translates to 95%. This payout percentage means the casino will return 95% of all the wagers to players in a given period. In this case, the profit for the casino or the house edge is 5%.

How to Find the Best Payout Casino in Canada

Canada is home to hundreds of real money casino sites. However, not all these gambling sites are the best payout casinos. If you want to join a casino with a high payout ratio, you should check out the following key casino areas:

• Licensing and regulations – The best payout casinos in Canada should be licensed and regulated by renowned authorities. As a player, you should check if the casino has licenses from reputable authorities such as the Kahnawake Gaming Commission, Curacao, and MGA.
• Bonuses and promotions – Casino bonuses and promotions are a great way to boost your chances of winning. So, before you join any fast payout casino, you should check if there are bonuses you can claim when you sign-up and when you become an existing player. For example, you can check if there are casino bonuses such as free spins, match bonuses, cashback bonuses, and reload bonuses.
• Game variety – Some online casinos with the highest payout percentage offer a few casino games. On the other hand, most online casinos with the lowest payout percentage offer a wide range of casino games. As a player, you should join an online casino that offers a good balance between the two.
• Game providers – Software developers are responsible for creating casino games and determining their RTPs. This means the payout ratio of different casinos highly depends on the software developers they have partnered with. For example, software providers such as NetEnt, Microgaming, Red Tiger, Play N Go, Pragmatic Play, and Playtech are known for creating games with high RTPs.
• Payment options – You should also check for enough payment options for casino deposits and withdrawals. The best payout casino should provide you with payment methods such as credit/debit cards, bank transfers, e-wallets, and cryptocurrencies.
• Safety and security – When finding the best payout casino, you should check if security measures are implemented to protect your online transactions. You can check whether security protocols like 256-bit and 128-bit SSL technology exist.
• Customer service – The best payout casino in Canada should have a professional and friendly customer support team. Besides, the site should have some support options for customers to ask questions.

Casino Games RTP Percentage

The Return To Player rate (RTP) or payout percentage varies between casino games. For instance, video poker games have an average payout percentage of 99.5%, while blackjack has 99%. On the other hand, baccarat games, roulette games, and craps have average payout percentages of 98.9%, 97%, and 98.6%, respectively.

Lottery RTP Percentage

Lotto 6/49 and Lotto Max are by far the biggest lotteries in Canada in terms of payout odds. The odds of winning the grand jackpot in Lotto 6/49 is 1 in 14 million (1/14, 000,000). On the other hand, the odds of winning the grand prize in Lotto Max is 1 in 28 million (1/28,000,000).

The winning tickets for the above lotteries are always drawn from Ontario and Quebec. This is because these two provinces account for more than half of the total ticket sales in Canada.

Slots RTP Percentage

Slot machines are the main casino games played at Canadian online casinos. This means that they contribute largely to the casinos' average payout ratio. Unlike table games with consistent RTPs, slot machines can have RTPs ranging from 90% to 99%.

Here are the top 5 slot games with the best RTP in Canada:

Best Payout Casinos Final Thoughts

Canadian online casinos have different payout rates. So, as a player, you must first research and know which sites have the highest payout percentages. The highest payout online casinos will always have average payout percentages ranging from 95-99%. The good news is that we have researched all the highest payout casinos in Canada on your behalf. All you need to do is pick one from our list, register an account, and hopefully win a fortune.