These Are the Highest Paying Casinos in Canada

Want to know what the highest paying online casino sites in Canada are? We got the answers and a whole lot more. Even though nothing is guaranteed in the world of gambling, it’s always worth finding the games and casinos that offer the most payout potential. 

This guide will highlight six of the highest paying casinos online, as well as what they offer. We’ll also explain what you need to consider before you place a bet. So, without further ado, here’s our guide to the best online casinos Canada has to offer. 

The Best Payout Online Casino Sites in Canada 

What is the highest paying online casino in Canada? Great question, but the answer isn’t as simple as you might think. There are a lot of factors to consider when it comes to overall payout potential. This guide explains what these factors are and, in turn, what the highest paying casinos are. 

However, before we get into the nuances of payout potential, here are six of the best online casinos Canada has to offer: 

• Genesis Casino

• Playerz Casino

• Casino Joy

• Kassu Casino

• Casoola Casino

• Casino Gods

We’ll discuss what these high-paying online casinos have to offer new customers, the reasons they excel, and the games they offer in the following sections. 

Top Payout Casino Sites in Canada by attributes 

We’ve said that you need to focus on a variety of factors to pinpoint the highest-paying online casinos. Some of the qualities required to be named the best online casino Canada has to offer are: 

As well as judging the highest paying casinos online by their strengths, you should consider an operator’s legal status. You should only use licensed online casinos. A gaming license is not only a necessary legal document, it’s a mark of quality. Licensed online casino real money games are certified as fair. What’s more, payments are secure and guaranteed. 

Detailed Analysis of Canada’s Best Online Casino Sites for Payouts 

Defining the highest-paying online casino in Canada isn’t as straightforward as you might think. Yes, there are overall payout rates for every licensed Canadian casino. However, you have to consider everything an operator offers, from games to promotions, in order to find the high-paying casinos for your needs. 

For example, the table below shows that Genesis Casino has a payout rate of 97.59%. That’s slightly better than Casino God’s 97% RTP. However, it could be argued that Casino Gods is actually the highest paying online casino of the two because it offers $500 more in bonus money for new customers. In other words, those who are able to deposit more can get a bigger welcome bonus at Casino Gods. 

This has to be added to the equation. It’s not the whole equation, but it’s important. So, instead of ranking the highest payout casinos by overall RTP alone, we’ve factored in a number of variables. These variables give you a better idea of how much payout potential an online casino has. From this, you can make decisions based on your personal preferences and, therefore, get the best experience possible. 

Comparing the Best Online Casino Sites in Canada 

The highest paying online casino in Canada by RTP is Casoola with a score of 98.6%. However, it’s not the only high-paying casino site to consider. With this in mind, scroll down for a complete overview of the best online casinos and highest paying online casino games in Canada. 

Understanding the Payout Percentage 

You can’t find the highest-paying casinos online without understanding what RTP scores are. RTP stands for Return to Player. This refers to a game’s theoretical return rate. Now, it’s important to note that theoretical means that you won’t always experience the advertised RTP in a single session. The reason for this is that scores are calculated over 100,000+ bets. 

That’s because return rates are long-term scores. In other words, if you play casino games over a prolonged period, the amount you’d get back vs. the amount you’ve wagered will gradually converge around the advertised RTP percentage. Therefore, when you see that a game’s RTP is 98%, that doesn’t mean you’ll win 98% of the time, every time you play. 

What’s also important to note is that RTP refers to the amount you’ll get back vs. the amount you stake. So, if the RTP is 98%, you’ll win 98 coins for every 100 you stake. But, to reiterate the point we just made, you won’t win 98 bets for every 100 you make every time you play. Sometimes you’ll win 150 bets for every 100 you make. Sometimes you’ll only win 60. 

Over time, your win rate will move towards the RTP score. However, anything can happen in a single session. Therefore, it’s always worth playing games with high RTP scores. But you shouldn’t focus on this metric alone. Progressive jackpot online casino slots typically have lower RTP scores than video slots. However, they’re still ranked among the highest paying online casino games because their jackpots are worth $1 million. 

So, our point here is that you need to consider a game’s RTP as part of a much larger equation. As well as RTP, think about a game’s jackpot and bonuses. All of these things determine the overall payout potential. From this, you can find the high-paying casinos online by looking at how many games with strong RTPs, jackpots, and bonuses they have. 

The Best Online Casino Sites and Games for Canadian Players 

Want to know what the highest paying online casino games and sites are in Canada? The following sections not only outline the top casinos and what they offer, but the games you should try if you want the most payout potential. 

The Highest Paying Online Casino Games in Canada 

• Starburst by NetEnt – 96.48% RTP 

• Blood Suckers by NetEnt – 98% RTP 

• Mega Moolah by Microgaming – 88.% RTP 

• Premier Blackjack with Lucky Lucky by NetEnt – 99.57% 

• Single Deck Blackjack by Play’n GO – 98.76% 

• Lightning Blackjack First Person by Evolution – 99.56% 

• Professional Series Baccarat by NetEnt - 98.96% 

• Lightning Baccarat by Evolution Gaming - 98.76% 

• Professional Series Baccarat by NetEnt - 98.96% 

Top Payout Canadian Online Casino Sites for Slots 

Online casino slots have a major impact on a site’s payout rate. That’s because they’re the most abundant games out there. Take, for example, Playerz Casino. That site has more than 1,000 slots. Therefore, when you’re searching for the highest-paying online casino in Canada, you always have to consider how many slots are available. 

In this regard, Playerz and Genesis Casino are two standout operators. Not only do they offer an impressive selection of high RTP video slots, but both casinos also have lucrative progressive jackpot games, including the inimitable Mega Moolah.   

The five online casino slots listed above show why it’s important to look at everything a game has to offer. If we went on RTP alone, Blood Suckers would be classed as the highest payout online casino real money game. However, if we look at total payout potential, Mega Moolah comes out on top with progressive jackpots worth at least $1 million. 

So, in order to determine the highest-paying online casino slots, you have to take everything into consideration. Blood Suckers has the best theoretical return rate, but Steam Tower and Book of Dead have large jackpots for video slots. You can also factor in features such as free spins bonuses, something Starburst is known for. As long as you don’t have a narrow focus, you’ll see that the highest-paying online casino slots come in all shapes and sizes. 

High Payout Online Casino Sites for Blackjack 

Classic blackjack doesn’t really move the needle too much in terms of payout potential. However, because every licensed online casino Canada has to offer boasts an array of modern variants, it’s wise to consider what’s on offer. 

From our research, Kassu and Casino Joy are among the highest paying casinos online with regard to blackjack. This is down to the fact they each offer 30 blackjack games. As you’d expect, the basics are covered. That means you can play Vegas, Atlantic City, and European rules blackjack. However, the reason these sites are catapulted into the upper echelons of the highest paying casinos is their innovative offerings. 

Lightning Blackjack and Premier Blackjack with Lucky Lucky are clearly the top games with regard to payout potential. The latter is the highest paying online casino game both in terms of RTP and prizes. In fact, this game not only has a great theoretical return rate for blackjack, but it also has great payout potential full stop. There are very few online casino real money games that can match Premier Blackjack with Lucky Lucky. 

What’s also interesting to note is the payout potential of the other variants. Even though the top prizes aren’t particularly impressive, the RTP scores are. There aren’t many online casino games that can match RTP scores of 96%+, so this is yet another reason why Kassu and Casino Joy are ranked among the highest paying online casinos in Canada. 

Best Online Casino Sites for Baccarat Games for Canadian Players 

Baccarat might not be as popular as blackjack or online casino slots. However, the theoretical return rates for this game are extremely high. As you can see from the table below, the average RTP for every variant is above 98%. 

That’s higher than the average RTP for online casino slots, roulette, poker, and blackjack. Therefore, it’s hardly surprising that two of the highest paying casinos online, Casoola and Casino Gods, have 18 different baccarat variants. 

You’ll notice that No Commission Baccarat is listed as one of the highest paying online casino baccarat games on account of its RTP and 11:1 top prize. However, what’s also worth noting about this variant is that you don’t pay any commission for betting on the Banker hand. Anyone that’s played baccarat before knows that the Banker hand has a slightly better chance of winning than the Player hand. 

Under normal circumstances, winning bets on the Banker hand are subject to a 5% commission charge. In this game, the charge has been removed. That makes it a much more attractive proposition. The caveat here is that payouts are reduced by 0.5X when the Banker scores six. All other payouts remain the same, which is why this is one of the highest payout online casino games in Canada. 

Finally, we can’t ignore Lightning Baccarat. The top payout under normal conditions is 11:1 for a tie. However, up to five cards are selected at random before the hands are dealt. These cards are augmented with a multiplier worth up to 8X. If you bet on a winning hand that contains any of these lightning cards, your payout will be increased by the multipliers on display. 

What to Look Out for When Comparing Payout Rates for Casinos 

We’ve explained what payout percentages are and why they’re important. However, we’ve also outlined why you can’t focus on this metric alone. The highest-paying online casino games listed in the previous section all have their own strengths. 

Some have an impressive RTP, others have lucrative bonus features, and others have mega jackpots. All of these things go into a game’s overall payout potential and, therefore, an online casino’s payout potential. With this in mind, here’s a rundown of things to look out for when you’re comparing any legit online casino Canada has to offer: 

What is a game’s RTP? These scores are theoretical, so you can’t always rely on them as a gauge. However, the higher a game’s RTP, the more long-term payout potential it has (in theory). 

What is a game’s top payout? The more you can win, the better. A progressive jackpot slot such as Mega Moolah doesn’t have the best RTP. However, it’s ranked as the highest paying online casino game because the minimum progressive jackpot is $1 million, and payouts can exceed $10 million. 

What bonus features does a game have? Bonus features can take a standard game and take it to another level. Lightning Blackjack is a perfect example of this. The standard maximum payout for blackjack is 3:2. However, thanks to lightning cards, you can trigger payout multipliers with up to 25X (25:1). 

Frequently Asked Questions by Canadian Gamblers 

How do you collect winnings from online casinos? 

You can get your winnings paid in cash directly to your bank account or an eWallet such as PayPal or EcoPayz. The average processing and completion time for withdrawals at the highest paying online casinos in Canada is 1 to 3 days. 

What online casinos pay out instantly? 

Playerz and Genesis Casino will payout withdrawals instantly once they’ve been processed. The average processing time is 24 hours, but they can be expedited. In these instances, you can get your winnings instantly with withdrawal methods such as EcoPayz. 

How long does it take for an online casino to pay out? 

The average payout times for the best online casinos in Canada is 1 to 3 days. There are times when you can get your money instantly. However, in general, it takes a day or two for requests to be fulfilled. 

What’s the biggest online casino payout in history? 

The biggest online casino jackpot in history is $26 million (at the time of writing). This jackpot was won on the slot game Mega Moolah in 2021. 

Disclaimer 

That’s the highest online casino sites in Canada, what they have to offer, and how you can find your ideal site. Our recommended casinos are all licensed and legit, so you can use our secure sign-up links to create an account. The information in this article is for entertainment education purposes only. Offers only apply to persons over the age of 18.

However, it’s important to note that no online casino or game offers guaranteed payouts. Even the highest-paying online casino games come with a certain amount of risk. That means you can lose as well as win. Therefore, you shouldn’t bet more than you can afford or assume that any payouts are guaranteed, regardless of a game or casino’s potential. 

If gambling problems are affecting you, or those close to you the CCSA is a leading Canadian provider that can guide you and give you advice. They offer support for anyone harmed by gambling issues and they are available to call or to live chat via their homepage at: https://www.ccsa.ca/gambling . Another option is https://www.responsiblegambling.org/. 

If you or someone you know might have a gambling problem, we recommend that you check out::

https://canadasafetycouncil.org/gambling-addiction

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