Best Payout Online Casinos In Canada

This article will discuss the emergence of online casinos with high return-to-player (RTP) rates, the key factors to look for when selecting a high paying casino, and provide recommendations on the top casinos with the best payouts available to players in 2023.

List of Best Payout Online Casinos In Canada 2023

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For whom: Existing Customer
Form: Cash Bonus
Type: Contests & Prize Draws
Term: Limited
Best bonus: Yes
Cashback: No
Birthday bonus: Yes

Minimum deposit of $50 required. Wagering requirement: 40x deposit and bonus amount. Free spins credited upon deposit. Free spin winnings subject to 30x wagering. Bonus valid for 30 days. Maximum bet with bonus funds: $10. General casino terms apply.

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For whom: New Customer
Form: Prize
Type: Cashback
Term: Limited
Best bonus: Yes
Cashback: No
Birthday bonus: Yes
Minimum deposit: $75, open to eligible players. Wagering requirement: 50x bonus and deposit. Free spins credited upon deposit. Free spin winnings subject to 40x wagering. Bonus valid for 14 days. Maximum bet with bonus funds: $20. Restrictions may apply to certain jurisdictions. General casino terms apply.

The rise of Casinos With High RTP

Over the past 10 years, there has been major growth in online casinos specifically serving the Canadian market. This explosion from just a handful of options to hundreds of sites accepting CAD deposits and bets is driven by increasing demand, better regulation, and improved technology.

Most importantly for enthusiasts, stiffer competition has led operators to provide a more player-friendly experience defined by higher payout percentages. Whereas the average return-to-player (RTP) rate at online casinos was 92-95% a decade ago, Canada-focused sites now routinely advertise averages of 96% or greater. Some even reach up to 98% RTP.

According to the Canadian Gaming Association, real money online gambling revenue grew from $139 million CAD in 2010 to over $731 million CAD in 2020. As the market expands, new sites continue launching with enticing bonuses and the highest RTP rates to attract players. Just a few extra percentage points in payouts can mean millions in extra collective winnings per year.

With hundreds of real cash online casino options at their fingertips, users can take time researching and comparing the payout rates advertised by various operators before signing up. This enables them to zero in on sites that offer a worthwhile chance to cash out winnings on a consistent basis.

Benefits of playing at Casinos With High RTP

One of the main advantages of playing at the best payout online casinos is the superior chances of winning. Best payout online casinos boast higher payout percentages, which signifies that gamblers have an elevated probability of winning and generating revenue in the long run. This is because these casinos have a lower house edge than old-fashioned brick-and-mortar casinos, which gives gamblers an improved winning rate over time.

Another benefit of playing at the best payout online casinos is the convenience they provide. Online casinos enable gamblers to access their preferred games from anywhere in the world, at any hour of the day or night. This signifies that gamblers can enjoy their favoured games without having to travel to physical casinos, which is especially appealing to those residing in areas lacking nearby casinos.

Besides online slots and progressive jackpots, best payout online casinos feature classic table games, video poker, blackjack, baccarat, craps, live dealer games, and hundreds of specialty games.

Additionally, best payout online casinos frequently offer exclusive bonuses and rewards to their gamblers. VIP programs at online casinos often provide exclusive bonuses, cashback rewards, and access to tournaments. This gives gamblers the opportunity to earn additional benefits and rewards for playing at these casinos.

Rating Criteria for Best Payout Online Casinos

Best Payout Online Casinos

When evaluating which internet gambling sites offer the top payouts to Canadian players, there are several key factors to consider beyond just the advertised RTP rates. Let’s examine the main criteria to keep in mind when rating online casinos for the highest payouts:

Bonuses and Promotions

Bonuses and Promotions

Deposit Bonuses

High payout online casinos aimed at the Canadian market compete intensely to attract new players. One of the main tools they use are lucrative welcome bonuses awarded upon making an initial deposit. Here are some top offers:

  • Luxury Casino – $1,000 total welcome bonus package spread over your first 5 deposits
  • Jackpot City – Up to $1,600 bonus over your first 4 deposits
  • Betway – 100% match welcome bonus up to $750 on your first 3 deposits

These deposit matches allow you to maximise the value of your bankroll and receive extra gameplay at sites with the highest payouts. Just be sure to read the attached wagering requirements first.

No-Deposit Bonuses

Beyond initially matched deposits, some licensed Canadian online casinos provide players with a rotating calendar of ongoing promotions. These range from:

  • Weekly cashback rewards
  • Free spins on featured slot machine titles
  • Prize draw entries
  • Special holiday offers and birthday bonuses
  • Loyalty programs based on VIP status

No-deposit rewards give you the chance to win extra perks and extend gameplay time without needing to add more funds. Be sure to opt into email newsletters to stay updated on each site’s current promotional schedule.

Taking full advantage of both the generous welcome bonuses and regular ongoing promotions gives enthusiasts the best opportunity to maximise entertainment and winnings at leading Canada-facing online casinos with high payout rates.

Game variety

Game variety

A broad game selection numbering in the hundreds or thousands is ideal. Leading online casinos offer diverse libraries spanning online slots, classic table games like baccarat, blackjack and roulette, video poker, and live dealer games streamed in real time with human croupiers. The highest paying games should be readily identifiable via published payout rates or search filters. New titles should be frequently added. 

Let’s take a look at some of the most trending options:

Slots

  • Mega Moolah (Microgaming) – This hugely popular progressive jackpot slot with an African wildlife theme has awarded tens of millions in life-changing payouts over the years. Offered at Jackpot City and Betway.
  • Book of Dead (Play’n GO) – This Egyptian adventure-themed slot is packed with bonuses like expanding symbols and free spins. Find it at Luxury Casino.
  • Starburst (NetEnt) – A vibrant outer space-themed slot with exciting Wild features. Widely available at sites like Jackpot City.

Blackjack

  • Atlantic City Blackjack (Microgaming) – Played with 8 decks and featuring enhanced payouts on 21 suited blackjacks. Offered at Luxury Casino and Betway.
  • European Blackjack (Switch) – Innovative twist allowing you to switch the top cards dealt to each hand. Exclusive to Jackpot City.

Roulette

  • French Roulette (Ezugi) – This classy version has the lowest house edge thanks to the “La Partage” rule. Live dealer streaming at sites like Luxury Casino.
  • Multi Wheel Roulette – Unique spin on classic roulette allowing you to bet on up to 8 wheels simultaneously for bigger payouts. Found at Jackpot City and Betway.

Live Casino Games

  • Live Dream Catcher – Spin the money wheel for up to 3600x payouts in this lively game show-style experience. Hosted by live dealers at Luxury Casino.
  • Live Ultimate Texas Hold’em – Take on the professional dealer in this poker-style table game streamed in real time. Available at Jackpot City.

The top online casinos for Canadian players all offer hundreds of slots, table games and unique live dealer options from developers like Microgaming and Evolution Gaming with high RTP percentages.

Security measures

Security measures

The best payout online casinos prioritise the security of their gamblers’ personal and financial data. They utilise advanced encryption software, robust firewalls, and frequently offer two-factor authentication for additional protection. Rigorous security protocols including 128-bit SSL encryption and independent third-party audits are essential criteria at any trustworthy real money gambling site. Ensure any online casino recommended for Canadians is properly licensed and regulated for fair, safe gameplay. Only provide your personal information to verified sites.

Customer support

Customer support

Reliable customer support is essential for resolving any problems and answering inquiries. The best payout online casinos provide responsive and effective customer support, often available 24/7 through various channels such as live chat, email, and phone. Gamblers should look for online casinos that offer a comprehensive FAQ section and clear terms and conditions. They should also verify the response times for customer support and the availability of support in their preferred language.

Payment methods

Payment methods

Flexible banking with numerous reliable deposit and withdrawal methods tailored specifically to Canadian players is key. Look for support for secure options like Visa, Mastercard, Interac, iDebit, Instadebit, bank transfer and e-wallets. The best payout casinos facilitate quick, inexpensive cashouts in CAD funds. Slow withdrawal speeds or high fees are red flags.

Keeping these criteria in mind will help you find the real money online casinos that offer the highest payouts and best overall user experience. Now let’s look at recommendations on the top sites in 2023.

Top Casinos with Best Payout Percentage of 2023

After thorough evaluation, these three casinos come out on top for offering the highest payouts:

Luxury Casino

Luxury Casino

General overview

Luxury Casino is an online casino that was established in 2011 and licensed by AGCO. It is also powered by leading software providers in the online gaming industry such as Microgaming,  NetEnt, Evolution Gaming and more. The casino offers a variety of games, including slots, table games, video poker, and progressive jackpots. A wide range of payment methods are available as well, including Visa/Mastercard, Interac, eCheck, and iDebit.

Pros
  • Generous bonuses for players
  • A 97% payout rate
  • Popular games from Microgaming
Cons
  • Fewer games compared to competitors
  • Limitations on withdrawal amounts

Game selection

Luxury Casino offers a variety of games, including over 550 slots, table games, video poker, and live dealer games. Some of the popular slot games include Mega Moolah, Immortal Romance, and Thunderstruck II. The casino also offers several variations of blackjack, roulette, and baccarat, as well as video poker games like Jacks or Better and Deuces Wild. For those who prefer live dealer games, Luxury Casino offers live blackjack, roulette, and baccarat.

Mobile user experience

Luxury Casino has a mobile-friendly website that allows players to access the casino on their smartphones and tablets. The mobile version of the casino offers a selection of games that are optimised for smaller screens, and players can access the same bonuses and promotions as the desktop version.

Bonuses and promotions

Luxury Casino provides a range of bonuses and promotions for its players. The welcome bonus is up to $1000 on the first five deposits, with each deposit offering a different percentage match and maximum bonus amount. However, the bonuses are in a non-cashable account, and players must claim them within seven days. The first two deposits require a 200x play-through, while from the third deposit onwards, it’s 30x.

Jackpot City

General overview

Jackpot City is a safe and licensed online casino that has been operating for over 20 years. Jackpot City provides an impressive selection of games from top software providers, including Microgaming, NetEnt, and Evolution Gaming. The casino is available in multiple languages and accepts various payment methods such as credit cards, e wallets and bank transfers.

Pros
  • Loyalty program
  • Large jackpots
  • 24/7 support service
Cons
  • Fewer slots than competitors
  • Navigation can be confusing at times

Game selection

Jackpot City provides an extensive assortment of games including over 400 slots along with options like roulette, blackjack, poker and baccarat. Live games from providers such as Evolution Gaming, Ezugi and Pragmatic Play are also featured.

Mobile user experience

Jackpot City offers a mobile app that is available for both iOS and Android devices. The app features a wide variety of games, including slots, roulette, blackjack, and more. With the app, players can access their accounts, make deposits and withdrawals, and play their favourite games from anywhere.

Bonuses and promotions

At Jackpot City you’ll find a welcome offer that gives you a 100% bonus up to $1600. This generous bonus is spread out over your four deposits. Additionally the casino has a loyalty program in place where players can earn points for cash or bonuses. The loyalty program has tiers and by playing more games and making more deposits you can earn even more points.

Betway 

Betway

General overview

Betway Casino is an authoritative brand in the online casino market that offers a wide range of games and promotions to suit all types of players. The user-friendly website provides descriptions for each game making it easy for players to explore and discover experiences. Betway Casino is a trustworthy brand that has been in operation for over 17 years.

Pros
  • Loyalty program
  • Variety of games in the live casino
  • Authoritative brand on the market
Cons
  • About 600 slots
  • No filter by provider

Game selection

Dafabet Casino offers a range of games including slots, roulette, blackjack, poker, baccarat lottery keno as well as arcade games.

The casino boasts a collection of over 300 slot games from renowned software providers like Playtech, Microgaming and NetEnt. For those who enjoy table games there are versions of roulette, blackjack and poker to choose from. In the live dealer section you can immerse yourself in play time with live dealers and real time gameplay.

Mobile user experience

Mobile users will be pleased to know that Dafabet Casino offers an app compatible with both Android and iOS devices. The app provides a user-friendly interface. You’ll have access to all the desktop features on the go, including games, promotions and customer support. Moreover the mobile app offers bonuses and promotions specifically tailored for mobile users.

Bonuses and promotions

Dafabet Casino offers several bonuses and promotions for new and existing players. The welcome offer includes Sign Up Free Golden Chips, which can be used to play select games. The casino also offers deposit bonuses, cashback, giveaways, and a loyalty program. The VIP Club offers exclusive rewards and benefits to loyal players, including personalised bonuses, faster withdrawals, and dedicated customer support.

How to Start Playing at High Payout Casinos

Ready to begin your online gambling experience at a top-rated casino boasting high payout rates? Just follow these steps to get set up in minutes:

Step-by-step registration guide

  1. Choose a licensed online casino: The first step is to select a trustworthy online casino. Look for casinos that hold licences from respected regulatory bodies like the Alcohol and Gaming Commission of Ontario (AGCO), iGaming Ontario or the Kahnawake Gaming Commission.
  2. Register an account: Once you’ve decided on a casino proceed with registering your account. This typically involves providing information like your name, email address and date of birth. There may be identity verification requirements.
  3. Make a deposit: After registering, you’ll need to make a deposit to play games with real money. Recommended options for Canadians include credit cards like Visa and MasterCard, or intermediary services like Instadebit, iDebit and Interac e-transfer.
  4. Explore the games: Now you can start playing your favourite games! Take some time to explore the variety of titles available. Try out different games to find your favourites.
  5. Check out promotions: Don’t forget to see what bonuses and promotions the casino offers. Things like welcome packages and free spins can give your bankroll a boost.
  6. Play responsibly: Most importantly, remember to gamble responsibly within your means and set limits if needed. Playing at online casinos should be fun, not financially risky.

Useful tips for beginners

  • Start with free play modes: If you’re new to online casinos, play games in free mode first to learn the rules and get a feel for gameplay before betting real money.
  • Understand payout rates: Learn about RTP percentages so you know which games give you the best odds of winning over time.
  • Claim bonuses carefully: Welcome bonuses and free spins can be helpful but make sure you understand the wagering requirements first.
  • Practice game strategy: For games like blackjack or video poker, practise optimal strategy to increase your odds.
  • Set a gambling budget: Decide how much you can safely afford to spend at online casinos and stick to your limit.
  • Use secure payment methods: Make deposits and withdrawals only through trusted payment processors like Instadebit, iDebit, Interac or bank transfers. 
  • Keep personal details private: Never share sensitive information like passwords or financial data to avoid potential fraud.
  • Take breaks when needed: Gambling should be an enjoyable hobby, so take breaks if you ever feel frustrated or spend more time/money than intended.

Frequently Asked Questions

FAQ
What should I look for in a high paying online casino?

When researching the highest paying online casinos accepting Canadian players, key aspects to evaluate include the operators’ licensing and security protocols, game variety from top providers, advertised RTP rates, bonuses with reasonable wagering requirements, fast payout speed and quality customer support.

Which games typically have the best RTP rates?

The games offering the highest return-to-player percentages tend to be certain online slots and variations of blackjack and video poker. Classic table games like European roulette and baccarat also provide relatively high RTP rates around 98%.

Do high payout casinos process withdrawals quickly?

The best real money online casinos offering high RTP games also stand out for quick cashout times. Top-rated sites allow players to cash out winnings swiftly via bank transfer or e-wallets, with processing completed within 48 hours in many cases. Slow withdrawal speeds are a red flag.

Should I take advantage of bonuses and rewards programs?

Yes, you can significantly enhance your overall value by redeeming the welcome bonuses, free spins, cashback offers, and loyalty programs available at licensed high payout sites. Just be sure to consider any wagering requirements and read the full terms and conditions for each promotion.

Can I play at high payout casinos on mobile?

Absolutely. The top-rated real money online casinos provide iOS and Android apps or mobile compatible sites allowing Canadians to play high RTP games on smartphones and tablets. Some even offer special mobile bonuses. The payout rates stay the same.

Conclusion and final thoughts on high payout casinos

In summary, taking time to find the real cash online casinos with the highest payout rates and fair terms for players definitely pays off down the road. Casino enthusiasts can boost long-term profitability and enjoyment by identifying casinos with the best odds and payout speeds. 

Key criteria to evaluate include reviewing RTP rates across various games, assessing withdrawal timeframes, researching casino licensing and security measures, exploring ongoing bonus promotions, and checking out user-friendly features for desktop and mobile play. 

It’s also critical for players to gamble responsibly by setting budgets, limiting play time, avoiding risky behaviours, and understanding proper strategy. Keeping deposits and bets modest is also advised when getting started.

While luck always plays a role, choosing licensed casinos with 97%+ RTPs significantly tips the odds in the player’s favour. Combining high payout percentages with skillful play and responsible gambling habits can lead to an entertaining gaming session. Following the recommendations here will guide you to the ultimate high paying online casino experience as a player based in Canada.

Author: Jack Hamilton

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Jack Hamilton is an esteemed author and gaming enthusiast specializing in the online casino industry. Currently contributing to Top Gambling Platforms Online - Best Ratings and Reviews , Jack has spent over a decade immersed in the world of iGaming, combining his passion for gaming with an innate ability to articulate complex concepts in a relatable way.

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