Top online casinos with the highest payouts in Canada

Best high payout online casinos September 2024

Highest payout casinos compared

Looking to win big on your next online session? We’ve ranked the following as the top five highest payout casinos in Canada and added some essential data to help you choose which to visit.

What is a high payout casino?

When you discover a top Canadian real money online casino with the highest payouts, you’ll get the following benefits:

1. High payout casinos often offer a more significant potential return on your wagers.
2. These casinos typically feature high-stake games, ramping up the thrill factor.
3. The chances of encountering sizable jackpots are generally higher.
4. High payout casinos usually adhere to strict fairness and transparency standards.
5. Many high payout casinos deliver a suite of exclusive benefits, from VIP programs to tailored bonuses.

If you come across a casino with favourable payout percentages, it doesn't necessarily mean it's going to be your new favourite or one that gives you the biggest bang for your buck. Check that the site offers a variety of games and tournaments that you enjoy playing, real cash bonus offers on sign-up, and a selection of banking options relevant to you. Another important factor is ensuring there’s a reliable and responsive customer support team.

What are casino payout percentages?

Want to know how much you can win back at the casino? Look to casino payout percentages for a clue. They represent the average amount of money a casino pays out relative to the amount wagered by players. Think of it as a ballpark figure, not a guaranteed win.

How is the casino payout percentage calculated?

Imagine a big pot of money being wagered on various casino games. The payout percentage is the portion of that pot returned to players as winnings over a long period. It's a complex calculation, but casinos use sophisticated software to track it all.

How is the casino payout percentage different from RTP% and house edge?

It’s easy to get confused by these terms! Payout percentage and RTP are the same thing, expressed as a percentage. House edge, however, flips the script. It's the casino's average profit margin, calculated by subtracting the RTP from 100%.

What is game volatility and how does it affect RTP?

Games can be high or low volatility. High volatility games offer bigger, but less frequent potential wins. Low volatility games dish out smaller wins more often. The payout percentage (RTP) remains the same, but the win distribution is different.

The best games for high payouts

While you may see that an online casino's payout rate is a certain percentage, remember that number is an average of the payout rates for all their games.

Any of the highest payout casinos audited by a respectable third-party organization should also have payout rates for individual games listed out. Table games with the highest payout percentages include blackjack (average payout of 99.37%) and craps (house edge between 0.45%-0.47%).

Generally, you'll find that the highest payout rates belong to online slot machines. It's not uncommon to find slots that have payouts that range as high as 98%, as you can see in the table below. All these titles offer high real money payouts alongside exhilarating gameplay.

Play the best highest payout casino games in Canada

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Look out for progressive jackpots

You might have heard of progressive jackpots and the prize potential that comes with playing them. If you haven’t, you’re in for a treat. Progressive jackpots are what you need to look out for when it comes to high payouts. These jackpots grow every time a player plays the game.

One lucky winner gets to win the jackpot and take home an enormous amount of real money as a prize. Try your hand at progressive jackpots - you could be the lucky winner!

Maximize your winnings at high payout casinos

So, you’ve signed up to a high payout percentage casino in the hope that it gives you a better chance of winning, but did you know there are ways to stretch your luck even further? Here are some clever strategies to squeeze the most out of your gameplay:

• Shop around for the best payouts:?Don't be loyal to just one casino. Compare payout percentages across different sites to find the ones that return the most money to players.
• Welcome bonuses are your friends:?Many casinos offer juicy welcome bonuses to entice new players. These can include free spins, match deposit bonuses, or even free cash. Use them wisely to boost your bankroll and extend your playtime.
• Target high RTP games:?RTP (return to player) is the average percentage a game pays back over time. Choose games with a high RTP, like blackjack (around 99%) or video poker (upwards of 98%).
• Volatility matters:?High volatility games offer explosive wins, but they're less frequent. Low volatility games sprinkle you with smaller wins more often. Choose your volatility based on your budget, risk tolerance and level of experience.
• Think beyond slots:?While slots boast high payout percentages in some casinos, table games like blackjack can offer even better odds with the right strategy. Consider learning basic blackjack strategy to potentially swing the odds in your favour.

Bonus tip: Set win and loss limits – aka have a strict budget. Even high payout casinos are designed for the house to win in the long run. The best win is the one that leaves you wanting to return.

What to consider when playing at high payout casinos

High payout casinos sound tempting, but there's more to the story than just a big return number. Here are some realities to keep in mind before you get started:

• Skilled players flock to high RTP tables:?Blackjack and other table games with a high RTP attract seasoned gamblers. This can make it trickier for beginners to snag wins, as the pros know how to exploit game strategies to their advantage.
• Not all games are created equal:?A casino that boasts a high overall payout percentage doesn't necessarily mean its game will follow suit. Some casinos might offer high RTP slots but have lower RTP table games. Check out individual game RTPs before you play.
• Beware of bonus traps:?Welcome bonuses and other promotions can be brilliant boosters, but most come with wagering requirements. These requirements call for you to play through a certain amount of money before you can withdraw your winnings. Always read the fine print carefully to avoid getting locked into a bonus you can't cash out.
• Focus on sustainable play, not chasing wins:?Even at a high payout casino, gambling should be for entertainment, not simply for making extra money. Set a budget, stick to it, and focus on enjoying the games. Chasing losses can quickly drain your bankroll.
• Responsible gambling practices are key:?Whatever the payout percentage, responsible gambling is crucial. Take breaks, set time limits, and never gamble with money you can't afford to lose. If you feel like gambling is taking control, there are many resources, such as support lines, available to help.