Best High Payout Casinos in Canada
A high payout is among the deciding factors when choosing a casino since it can boost winning chances. The casino with the highest payout percentage this month is PlayOJO Casino. Check out my detailed guide below for a comprehensive list of what's available in Canada and what to look for at the best high payout casinos.
Top 5 High Payout Casinos in Canada
Our top recommended payout casinos in Canada not only offer some of the highest rates in the industry but also come with added benefits to elevate your play. In this section, we’ll dive into our top 5 picks and highlight why these casinos stand out.
Casino | Payout Rate | Payout Time |
---|---|---|
PlayOJO Casino | 97% | 0-3 days |
Lemon Casino | 96% | 0-3 days |
DreamWins Casino | 96% | 0-2 days |
Ice Casino | 96.5% | 0-2 days |
FRESH Casino | 94%-97% | 0-3 days |
1. PlayOJO Casino - 100 No Wager Free Spins
Based on my assessment, PlayOJO takes the player-friendly approach to another level. It has a remarkable 97% payout rate, one of the highest in the industry, and it offers 100 no wager free spins as a way to welcome new users. The interface is also very intuitive and visually appealing, and there's a good variety of online games. What I personally loved the most was the unique OJOPlus rewards system that gives players money back on every bet, win or lose.
Things We Like
97% payout rate
No wagering welcome bonus
Over 3,000 games
User-friendly interface
Things to consider
Limited customer support options
2. Lemon Casino - Up to $600 + 200 Free Spins
Lemon Casino is a relatively new casino, but it has already created a loyal pool of players. It has a Curacao licence, more than 2,000 casino games, and an enticing VIP scheme. The payout percentage of 96% is above average, and it accepts cryptocurrencies like Bitcoin and Ethereum. If you're like me and you prefer playing on your phone, Lemon Casino might be the choice for you, due to its top-notch apps for iOS and Android devices.
Things We Like
Over 2,000 casino games
Payout ratio of 96%
Mobile App
Rewarding VIP program
Things to consider
Live chat is not available 24/7
3. DreamWins Casino - Up to $6,000 and 300 Free Spins
With a 96% payout rate, DreamWins Casino is a solid choice for players seeking consistent returns. The customer service is available around the clock via live chat and email and the multi-tiered welcome bonus is also very generous, spread across your first four deposits. It's the sheer variety of games though that made me pick this casino within my top 5. I'm talking over 9,000 games, from slots and jackpot games to virtual table games and live dealer options. So if you're looking for a particular, potentially niche game, you will most likely find it here.
Things We Like
96% payout rate
Over 9,000 games
24/7 customer support
Generous welcome bonus
Things to consider
Slightly longer withdrawal times for some methods
4. Ice Casino - $10 No Deposit Bonus
Ice Casino brings the chill with a payout rate of 96.5%. It's known for its cool design, intuitive design, mobile-friendly interface, and advanced security measures. However, what stood out to me is its no deposit welcome bonus. Specifically, it's a no deposit cash bonus, which is quite a rare find. With being able to subsequently claim $1,500+ 270 Free Spins and enjoy a large selection of regular promotions, Ice Casino is my top pick for players looking to keep their bankroll boosted with promotion after promotion.
Things We Like
Over 4,000 games
Highly secure platform
96.5% payout percentage
Mobile-friendly website
Things to consider
Fewer withdrawal options
5. FRESH Casino - Up to $600 + 500 Free Spins
In my opinion, FRESH Casino is one of the very best Canadian high-payout online casinos that has a lot to offer. The casino debuted online in 2018 and holds a gambling license from the Government of Curacao. In addition to that, the casino has attractive casino bonuses and great customer support which all worked smoothly when I was conducting my review. The payout percentage of FRESH Casino ranges from 94% -97%.
Things We Like
Over 5,000 casino games
Payout ratio of 94% - 97%
Accepts Bitcoin, Ethereum and more cryptocurrencies
Mobile App
Things to consider
No phone support
What Is a Casino's Payout Percentage?
Payout percentage, also known as return to player (RTP) 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, going as high as 97%. 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 high payout online casinos.
How is the Payout Percentage Calculated?
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 $100 as wagers and pays $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%.
Difference Between High Payout and Fast Payout Casinos
Understanding the distinction between high payout casinos and fast payout casinos is key to choosing the right platform for your needs. Here's a quick breakdown of the key differences.
High Payout Casinos:
Focus on RTP percentages, which represent the average amount players can expect to win back over time.
Typically offer games with higher RTP percentages, meaning better long-term returns.
Example: A slot with a 97% RTP returns $97 for every $100 wagered, on average.
Fast Payout Casinos:
Prioritize the speed of withdrawals so that players can access their winnings quickly after requesting a payout.
Often support quicker payment methods like e-wallets or cryptocurrency to reduce waiting times.
Example: Some casinos process withdrawals within 24 hours, while others may take several business days.
How We Find the Best High Payout Casino in Canada
Canada is home to hundreds of real money casino sites. However, not all these gambling sites are high payout casinos. If you want to join a casino with a high payout ratio, you should check out the following key casino areas:
RTP and Payout Percentage – The higher the RTP, the better your chances of getting a return on your bets. We prioritize casinos that offer a strong selection of games with high RTP rates and overall high payout rates to ensure better long-term returns for players.
Licensing and regulations – The best high payout casinos in Canada are licensed and regulated by renowned authorities. As a player, you should check if the casino has licences 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 of our recommended high payout casinos, you should check if the casino bonuses for both new and regular players are of interest to you. Pay particular attention to the associated wagering requirements and avoid offers where these requirements exceed 40x.
Game variety – Some operators with the highest casino payout percentages offer few casino games, while those with the lowest payout percentages have a wide range of casino games. As a player, you should join an online casino that offers a good balance between the two, but never prioritize quantity over quality.
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, leading software providers, such as NetEnt, Microgaming, Red Tiger, Play N Go, Pragmatic Play, and Playtech, are known for creating games with high RTPs.
Safety and security – When picking between high payout casinos, you should check if security measures are implemented to protect your online transactions, including 256-bit and 128-bit SSL technology security protocols.
Payment options – You should also check for enough payment options for casino deposits and withdrawals. A top-notch high payout casino should provide you with various payment methods, such as credit/debit cards, bank transfers, e-wallets, and cryptocurrencies. Take note of the deposit and withdrawal limits as well.
Customer service – The best high 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 and RTP Percentage
When choosing a casino game, understanding the RTP percentage is key to knowing your chances of winning over time. In this section, I'll break down the RTP percentages for various casino games to help you identify which ones offer the best potential returns.
Table Games RTP Percentage
Table games often boast some of the highest RTP percentages. In other words, they give players a better chance of long-term success compared to other casino games. Below, you’ll find a table listing the table games with the best RTPs.
Casino Games | Payout Percentage |
---|---|
Blackjack | 99% |
Roulette | 97% |
Baccarat | 98.9% |
Poker | 99.5% |
Craps | 98.6% |
One notable mention is video poker, whose RTP can vary between 95% and 99% depending on the variation you choose. For the best odds, Jacks or Better is the best option within this genre.
Slots RTP Percentage
Slot machines are the main casino games played at Canadian online casinos. This means that online casino slots 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:
Slot Machine | RTP | Software Developer |
---|---|---|
Ocean Princess | 99.1% | Playtech |
Ugga Bugga | 99.07% | Playtech |
Mega Joker | 99% | NetEnt |
Monopoly Big Event | 99% | Barcrest |
Blood Suckers | 98% | NetEnt |
High 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.
High Payout Casinos FAQs
Fact-checked by Valerie Lizotte
Reviewer