Best Online Casinos that Payout in 2024
Are you looking for the best online casinos for payout in Canada?
At CASINOenquirer, you’ll find online casinos with the best payout rates that offer the highest player returns and the broadest selection of withdrawal and deposit options for Canadian players.
Highest Payout Online Casinos in Canada
REGION: CANADA | For Ontario, please visit our Licensed Online Casinos for Ontario Section
How We Select High Payout Online Casinos with Best Return Rates
CASINOenquirer uses a thorough, tried and tested process for ranking Canadian online casinos. While we try to cater to every taste, we know the majority of our readers are interested in one thing: finding online casinos with the highest payout rates.
In addition to our standard verification process, which involves using real money to trial the entire customer experience, we also consider several other variables when evaluating online casino payout rates and other ancillary services such as the following:
- Official casino payout rates, verified by a licensed testing agency such as eCOGRA
- List of exclusive bonus offers, including no-deposit welcome bonuses against playthrough requirements
- Speed and efficiency of making withdrawals across various platforms
- Level of customer service, with a particular focus on financial queries
- Attention to any verified player reviews which mention a particularly positive/negative experience relating to payouts
As an unbiased and experienced third party, we look beyond the gimmicks and hype that many online casinos employ and find the highest payout casinos that genuinely deserve a spot on our list of online gambling sites with the best payout rates.
Understanding Payout Rates
Payout rates are sometimes referred to as payback percentages. All online casinos we list have payout rates in the high 90% range.
But what does this mean? And how can you use these rates to find the top-paying online casinos?
What do Online Casino Payout Rates Mean?
Casino payout rates indicate the average return to players for an entire casino across all the games offered. In simple terms, if the payout rate is 95%, then for every C$100 wagered, the casino pays out C$95 to players. You’ve probably heard of the house edge – and here’s where it comes into play. That difference between what the players put in and what they get out (on average) is how online casinos stay in business and make a profit.
Casino Payout Rate vs RTP (Return-to-Player)
When we look at particular games at online casinos that offer the best payout percentages, we tend to talk about the return-to-player (RTP) rather than the payout rate. For example, an online casino might offer a payout rate of 98%, but the RTP for each of their slot games or card games might differ.
It’s important to note that this figure is based on the outcome of tens of thousands of games or even millions of slot spins. There’s tremendous variability in what might happen during a single game.
If you hit the jackpot on your favourite online slot game, the RTP for that particular game might appear in your favour. However, if you keep playing hundreds of games, the average RTP will eventually drop as the effect of the house edge accumulates. Interestingly, the average RTP for in-house casino slots is only about 80%, so if slots are your thing, you should definitely consider online casinos for sizier wins.
While payout rates or payback percentages are a great guide to selecting the best online casinos for payout and those with the lowest house edge, anything can happen during a game. That is, after all, what makes online casino games so exciting – the unexpected chance to win big when you least expect it.
How Do You Identify High RTP Games at an Online Casino?
A top-paying online casino will show you what you can expect to win in each game’s description. A pop-up usually provides information about a game’s RTP and maximum payout percentage.
We have you covered if an online casino doesn’t have game descriptions. We review the highest payout casino games so you know what to expect when you use our recommended online gambling sites.
How are Payout Rates Calculated at the Best Paying Online Casinos?
Before recommending an online casino based on its payout potential, we first consider whether it’s regulated and externally audited. Both online casinos and software providers who design the games take this seriously, as their businesses rely on their customers’ trust.
That’s why third-party auditors test games, software, and random number generators (RNGs) and compile publicly available reports. These also include the verified payout rates.
Subsequently, all online casinos on CASINOenquirer are audited by the eCommerce Online Gaming Regulation and Assurance body (eCOGRA). If you take online casino games seriously, ensure that the eCOGRA seal of approval is displayed on the website of your online casino of choice.
Which Online Casino Games offer the Best RTP?
Regarding RTP, it’s essential to consider the choice of online casino games and the best odds of winning.
Online slots
If you search for the best online casinos for payout, you will know that there are thousands of online slots to choose from, which makes calculating the average RTP tricky. However, most games employ a slight house edge and proudly display their RTP– which, in some cases, is as high as 99%. As a rule of thumb, anything over 95% is considered acceptable for online slot games, but play the ones above 98% where possible.
Card and Table games
Blackjack has the lowest house edge of all the table games, which is why it’s such a popular choice among those looking to win real money at online casinos. Nonetheless, other table games aren’t that far behind in terms of RTP:
- Blackjack – 99.45%
- Baccarat – 98.94%
- Craps – 98.64%
- Three Card Poker – 98.24%
Roulette:
Roulette is another classic casino game, but which version should you choose? Here’s what the numbers say in terms of RTP:
- French Roulette – 98.65%
- European Roulette – 97.30%
- American Roulette – 94.74%
Ways to Better Your Winning Chances
While the outcome of each online casino game should be random, there are specific ways you can better your chances of winning:
- Choose games that have the highest payout percentages
- Choose games with the right volatility level
- Play games that offer the highest return-to-player ratios
- Check out specific game reviews on casino sites, forums, and Reddit
Frequently Asked Questions
Which are the best online casinos for payout in Canada?
Although these figures continuously change, casinos like Jackpot City (97,84%) and Leo Vegas (97,63%) have maintained good payout percentages over the years.
Which online casino games offer the best RTP rates?
Blackjack is regarded as the game with the highest RTP rate of 99.45%. In close second place in baccarat, with an RTP of 98.94%, followed by French roulette and its RTP of 98.65%.
Can online casinos modify the payout percentages?
No. The payout percentage is set by the software developer and verified by a testing agency, like eCOGRA.
Does the payout rate differ on certain days of the week?
Although the rate is calculated over several days, the average should remain very similar for each day of the week.
Do online casinos provide RTP data for individual games?
The most reliable way to source RTP data is via reports for your specific gaming jurisdiction, or, even easier, these percentages are often displayed on the games themselves.
How do I withdraw my winnings?
To prevent fraud, most real money online casinos require players to verify their identity and age when making a withdrawal before claiming their winnings. Find full details on the withdrawal process here.
How long does it take to withdraw?
This varies depending on the payment option you choose, as well as the casino’s policies. Typically, eWallet withdrawals take between 1 to 3 working days, while direct bank transfers may take up to 8 business days.
Does it take longer to withdraw larger amounts than smaller ones?
Again, this depends on the casino itself, as many place limits on the amount a player can withdraw at one time. (They’re hoping, of course, that you’ll be tempted to wager the remaining balance rather than wait for the next opportunity to withdraw!) You’ll need to check the T’s and C’s to find out for sure or chat with a customer support agent.
Can you tell when a slot is about to pay a jackpot?
Since each spin is random, you won’t be able to predict when a jackpot will come your way. Regardless of the number of reels or money wagered, the probability of the next result remains the same.
What is the minimum withdrawal?
Withdrawing your winnings isn’t free, and most banking platforms will charge a small transaction fee. Therefore, it doesn’t make financial sense for casinos (or players) to make really small withdrawals. The typical minimum balance you can withdraw is around CA$ 25.
Are there fees associated with sites that offer faster payouts?
No. Fees should only be charged by the payment platform, not the online casino itself. So while charges might differ between platforms (Skrill or Paysafecard may charge differently than a withdrawal directly to your bank account, for example), you shouldn’t be charged extra for a faster payout. Additionally, take note that you will incur forex fees if you want to withdraw your funds in a different currency than the one you played at the real money online casino with.
Which payment methods offer the fastest cashouts?
Any of the ‘non-traditional’ electronic payment platforms and eWallets will be faster than withdrawals that have to go through a bank. These include payment systems like Instadebit, Skrill, Ecocard, MuchBetter, EcoPayz, PayPal and the like. All the online casino games for real money in Canada we review here will offer you various options.
Can I withdraw my winnings via PayPal?
We get asked a lot about real money online casinos that accept PayPal, and thankfully the number is growing steadily! PayPal is one of the fastest ways to withdraw your winnings; because of this, more and more online casinos in Canada are offering it. Check the casino’s terms and conditions or FAQ page to find out.
Are online casino games fair or fixed?
In the connected age, one scandal that goes viral can put a formerly respected online casino or software provider out of business for good. The short-term profits they may enjoy from fixing their games are far outweighed by the losses they’d make once word got out, so the practice doesn’t make much sense in the first place. Over and above this, reputable sites like Casino Enquirer simply won’t list sites that aren’t fully compliant, licenced, legitimate, and regularly submit their platforms to external auditing.
Can I genuinely win real cash?
Yes! Every website we select for our best online casino real money page is legal and licensed, reviewed by real players, and, most importantly, tested with our own money. If you’ve met the playthrough requirements and come out the other side with a nice juicy balance, then you can withdraw that cash and do whatever you like with it! As always, we encourage you to please play responsibly.