Best Payout Online Casino Canada 2021

A high payout is the first thing you should be looking at when searching for a great casino to spend your time in. If you live in Canada, the good news is that there are plenty of high-paying gambling sites operating there, and you have a variety to choose from, depending on your preferences.

We have compiled a list of the top highest paying online casinos in Canada that will help you find a worthy gambling site. But to make a choice, first, you should know what a percentage payout is, how to test a high payout casino, the highest paying games, and so on. Read below to find all the information you need and more.

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  • βœ“ 100 free spins
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50 Free Spins

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18+ | Terms & conditions apply.

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$500 Casino Bonus

18+ | Terms & conditions apply.

  • βœ“ 200 free spins
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$1.500 Casino Bonus

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  • βœ“ Live casino
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  • βœ“ Wolf's Gold
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What Is the Percentage Payout?

When you are looking to play a slot or any other casino game, if you read the reviews, you will notice that it always mentions the RTP percentage of the game. This is the acronym for ‘Return to Player’ percentage. What is this percentage? It is the amount of money that you will win while playing, compared to the amount that you have wagered.

If you play a slot machine with a 95% RTP, the slot will, in theory, return $95 for every $100 you spend on it. The higher the percentage, the larger the amount of money returned to you. That’s why a high RTP is an important feature for an excellent gambling experience β€” however, you should bear in mind that this is only theoretical and does not always happen.

Best Payout Online Casinos Canada

Top Highest Paying Online Casinos in Canada

Our list is made of the best high-paying casinos that Canadian players can enjoy. They have a sky-scraping payout rate, are safe and secure to play at, hold a license, and are scam-free. Also, some of these gambling sites offer bounty welcome bonuses for players who sign up for the casino for the first time. Below are the highest-paying online casinos in Canada.

How We Evaluate the Highest Paying Casinos

To find out the best-paying casino in Canada, you have to test and review lots of casinos. So how do we examine which casinos have the highest RTP? Well, we take many factors into consideration, like which software programs they use, if they have a license and their game title library.

Since the largest part of the game collection is made of slots, we take a look at those first. If the slots and other games are developed by well-known, regulated software providers, they have decent payouts and are totally safe to bet your money on.

The Highest Payout Casino Games

As we said, slots make a huge part of the title library of any casino. Compared to other gambling games, slots are the hardest to win in but also give the largest payouts. Specially jackpots and progressive slots give out huge prizes.

Meanwhile, table games like poker, baccarat, blackjack, etc give the highest payout rate of all casino games. Blackjack has the highest RTP and is one of the most popular card games. Live casino games have also the same RTP as their table game versions.

The Fastest Casino Payouts

Evidently, when someone is playing in a casino and wins, they want to get their earnings instantly. When you register on a gambling site, you might not think much about it. But when it is time to withdraw the earned money, you might wish that you have used a casino with faster withdrawals.

Of course, different withdrawal methods have different speeds. But the fastest withdrawal methods are e-wallets like Neteller, Skrill, Check, Instadebit, PaySafeCard, Ukash, and others. To your disappointment, PayPal is rarely used at Canadian casinos even though it is a famous e-wallet. PayPal is a strong follower of regulations a country places and Canada has restrictive policies towards online casinos.

Gambling operators also use debit and credit cards, such as Visa, Mastercard, EcoCard, Maestro, or even direct bank transfers which are highly safe options but take more time to process your winnings compared to e-wallets.

High Payout Bonuses

If you are looking for casinos that give out high winnings you shouldn’t look only at the RTP of their games but also at the bonuses these casinos offer. To maximize your winnings it is best to check a casino often for different promotions. When you sign up in a casino, don’t forget to provide a valid email address because many promos will be sent to your mail, and you won’t want to miss out on any of them.

Speaking of signing up, usually, the best casino bonus a casino can offer is the welcome package. It is given out to members that are registered for the first time and can consist of a match-up bonus, minimum deposit bonus, no deposit bonus, free spins, or a combination of these. You can benefit a lot from them.

Auditing Authorities in the Gambling Industry

If you want to be sure that you are playing in a safe and scam-free casino, you should check if it is audited by an authority in the gambling world. Expect famous regulators like Malta Gaming Authority or UK Gaming authority, there are other organizations that review quick pay gambling sites.

eCOGRA

It is an independent agency that is highly specialized and trained in the field of online gambling and based in the UK. It was established in 2003 and holds plenty of industry awards. In the gambling industry, it is actually the most prestigious seal of approval.

GLI

GLI is the acronym for Gaming Laboratories International. It is also an independent agency and targets gaming services.

iTech Labs

It is one of the leading testing laboratories for the certification of online gaming worldwide. It usually seals the best payout casinos that are based in Canada, Europe Asia, and Australia.

Pros and Cons of High RTP Casinos

It is understandable why someone would like to play in casinos with high RTPs. Anyone wants to win as much money as they can. Even if you don’t win, by playing games with better payouts you minimize your long-term losses.

However, high RTP games have some hidden downsides too. For example, the lower contributions to bonus rollovers. Overall, each casino bonus comes with bonus terms and wagering requirements. These rollover requirements make it hard for players to get their winnings.

Casino games that have high RTPs, usually contribute much less to these requirements than low RTP games. Another disadvantage of high RTP games can be their high volatility. Volatility is the risk of losing a bet. A game with high volatility means that the chances to win at it are small. This mostly applies to progressive jackpots, which even though give huge prizes, winning at them is very rare.

FAQ

Who can review the payout percentage of a casino?

There are some gambling industry authorities that audit the casinos and ensure safe, reliable, legit, and high-quality play. Agencies and companies like eCOGRA, GLI, and iTech Labs are gamble testing organizations that review casinos and their RTP.

Which games have the highest RTP?

Games that have the highest RTP are table games. You have a lower chance to lose money while playing them. Baccarat usually has a 98.94% RTP, blackjack has a 98.0% to 99.0% RTP, craps have a 98.64% RTP, European roulette has 97.30% RTP, American roulette has 94.74% RTP and slot machines have an 88% to 96% RTP. But there are slots that have a higher RTP than 96% like the Lucky Charms slot which has an RTP of 97.40%.

Which are the fastest casino payouts methods?

Evidently, instant payouts are highly attractive for casino players. To find a casino with fast payouts you should look at the withdrawal methods it uses. Such banking methods as Neteller, eCheck, Skrill, PaySafeCard, etc. offer instant withdrawals for players.

Related Articles

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  • Find and claim the latest bonus offers in our list of the best new online casinos in Canada!

References

Responsiblegambling.org

Canadasafetycouncil.org

Iagr.org

Lgcamb.ca

 

Erik King - Editor in Chief Zamsino

Erik King

Editor in Chief - Zamsino.com

I always loved gambling and probably always will, spending my time reviewing gambling sites to help people save time.

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Last updated 30/11/21 by Erik King