Best Paying Online Casino 2024 - Highest Payout Casinos

By Ville Saari Updated:

Find the best paying online casino in Canada by the RTP. We have gathered you all the information you need about what affects online casinos' payout rates and how to find a high paying casino.

Highest Payout Online Casinos in Canada

Check the list below for the highest paying casinos for Canadian players. All casinos listed are reviewed and verified by our own experts to be safe and reliable with fast and safe payouts.

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  1. 98.6%
    Payout percentage
    Luckland casino review »
    Payout percentage 98.6%
    1st deposit bonus 100%/C$400 + 200 bonus spins
    Bonus code -
    Number of games 800
    Launch date 12/2015
    Luckland has made a name for itself in Canada by providing the players an easy-to-use gambling environment and good games to boot. This is a casino that anyone can play in. L... Luckland casino review »
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    interac
    ecopayz
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    New players only. 18+. Min deposit $20. 35x wagering requirement (B). Max cashout: C$500. Wagering time: 21 days. Bonus spins available for 1 day. Game weightings apply. Full terms and Bonus terms apply. GambleAware.org.
  2. 98.2%
    Payout percentage
    Casino Universe casino review »
    Payout percentage 98.2%
    1st deposit bonus 125%/C$500 + 50 bonus spins
    Bonus code -
    Number of games 3800
    Launch date 09/2020
    Casino Universe is a stellar online casino operator launched in the latter part of 2020. With its cosmic design, Casino Universe has been designed to help players find their way... Casino Universe casino review »
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    New Canadian players only, 18+. A minimum deposit of C$20 applies. Maximum bet while wagering is C$10. Bonus is only for slots. All bonuses are subject to a 45x wagering requirement. Please gamble responsibly. Full and Bonus terms apply. GambleAware.org.
Best payout casinos banner in Bojoko design

Best Paying Online Casino - Top 5 in Canada

The best payout online casino is often one of the bigger operators. Bigger companies are in a good position business-wise and can maintain very lucrative payout rates for players.

These 5 Canadian casinos have a relatively high payout percentage, verified by our casino experts.

Best payout online casinos in Canada:

  1. Luckland - 98.6% RTP
  2. Casino Universe - 98.2% RTP
  3. Players Palace - 97.6% RTP
  4. Dream Vegas - 97.4% RTP
  5. Wildz Casino - 97.0% RTP

1. LuckLand (RTP 98.6%)

LuckLand Casino logo

The best paying online casino in Canada is LuckLand.

The highest Canadian casino payout can be found at LuckLand, who also have an impressive welcome package to get new players started as showcased below. No matter whether you’re into high-paying slots, table games or a live casino experience, the site has got you covered.

The casino itself is a fairly basic one that doesn't really excel in anything particular (except the payout) but doesn't fail either. The only major downside to the casino is the withdrawal fees you’ll have to struggle with. This means that there might be better choices below for more shorthanded gamblers, but a payout like this will definitely show in your results in the long run if you can afford it.

3
Bojoko rating

🎁 Bonus: 100%/C$400 + 200 bonus spins
⭐ Best feature: Great customer service
✍️ Review: LuckLand Casino review

play on Luckland »

2. Casino Universe (RTP 98.2%)

Casino Universe logo

The number 2 on our lists takes you on a trip far, far away, as Casino Universe sports a 98.2% return to players. Galactic trips like this require some major speed, which is shown most effectively in the site’s fast withdrawal processing times.

Bonus lovers will also be rewarded right from the start, although the wagering requirements of the welcome bonus could be slightly better. Operating under the esteemed Maltese license, the game selection at Casino Universe can handle comparisons to almost anybody.

4.4
Bojoko rating

🎁 Bonus: 125%/C$500 + 50 bonus spins
⭐ Best feature: Fast withdrawals
✍️ Review: Casino Universe review

play on Casino Universe »

3. Players Palace Casino (RTP 97.76%)

Players Palace Casino logo

In terms of pure casino quality, Players Palace is perhaps the worst option in our top 5 list, but since the payout percentage is so high, they’ve, of course, earned their spot here. Being a Microgaming casino means that the game selection is rather solid, although more providers could be added.

The site operates under a Kahnawake licence, which has its benefits, with choices for players of the region being limited. The wagering and withdrawal limits aren’t that optimal, but if you can afford to play at Players Palace and enjoy Microgaming’s services, the payout is worth enjoying.

3.3
Bojoko rating

🎁 Bonus: 100%/C$150
⭐ Best feature: Plenty of banking methods
✍️ Review: Players Palace Casino review

play on Players Palace »

4. Dream Vegas (RTP 97.40%)

Dream Vegas Casino logo

Dream Vegas is an excellent choice for Canadian players, especially with the payout they are offering. In terms of pure quality, this Dreamy casino is perhaps the strongest choice on the list, especially when it comes to the bonus money and quality of service in general.

The games available will keep you entertained for hours upon hours. The mobile gaming experience is especially nice, and there really is no major downside to venturing to Dream Vegas and claiming the massive welcome package via the link below.

4
Bojoko rating

🎁 Bonus: 200%/C$2500 + 50 bonus spins
⭐ Best feature: Massive game library
✍️ Review: Dream Vegas casino review

play on Dream Vegas »

5. Wildz Casino (RTP 97.00%)

Wildz Casino logo

Finally, let's take a walk on the wild side with Wildz Casino and their average payout percentage of 97%. With over 5 000 games to choose from you’ll certainly be on for a wild ride, which starts with one of the biggest welcome packages in the business.

The colourful Wildz’ only real downside is the $30 minimum withdrawal, but otherwise, prepare for a stylish iGaming experience with 24/7 support to boot.

4.1
Bojoko rating

🎁 Bonus: 100%/C$1000 + 200 bonus spins
⭐ Best feature: Unique, energetic casino
✍️ Review: Wildz Casino review

play on Wildz »

Best Payout Casinos - Summary

Rank Payout Rate Casino Bonus
1. 98.60% Luckland 100%/C$400 + 200 bonus spins
2. 98.20% Casino Universe 125%/C$500 + 50 bonus spins
3. 97.76% Players Palace Casino 100%/C$150
4. 97.40% Dream Vegas 200%/C$2500 + 50 bonus spins
5. 97.00% Wildz Casino 100%/C$1000 + 200 bonus spins

How We Rate Casinos With the Best Payouts

Slot reel inside mobile frames with casino chips and cards

We rate casinos by testing each casino site hands-on. Our casino experts review and rate each online casino by playing with real money and testing the withdrawals.

We follow a strict formula when going through casinos' features, such as:

All of these have been rated separately, leading to an average rating. We truly believe we have the best casino reviews because we allocate so much time and resources ensuring each casino goes through a very thorough review process.

Our priority is to only promote safe casinos with a valid license, such as Malta Gaming Authority, Kahnawake or Ontario. We also want to endorse responsible gambling and every casino we work with has to have appropriate responsible gambling tools available for players.

How To Find the Best Payout Online Casino Canada

Find a best payout online casino from our list

1. Find a Best Payout Online Casino From Our List

We have a massive list of the best paying online casinos here on Bojoko. Use the ready-made filters to fine-tune your search, or add personal filters to find that perfect casino.

Read our expert and user reviews

2. Read Our Expert and User Reviews

When you have chosen the best paying online casino, you can read what our experts and other users have said about it. Their personal experiences will give you a clear idea of what it's like to play there.

Go to the casino

3. Go to the Casino

Every review page has a green ‘PLAY HERE' button that will take you straight to the casino. It will also activate any special offers that we may have for that casino.

Register and play

4. Register and Play

When you get to the casino, you need to first register an account. Just fill the required information and verify your email if asked. After that, you are ready to deposit and play.

Find the best payout online casinos

Best Casino Payouts - What Does It Mean?

The best casino payouts are determined by the payout percentage. This means how much money will the casino pay back to the players from the money that initially comes in. The RTP varies greatly between different casinos but is usually ranging between 90-98%.

The higher the rate, the better it is for the player. In practice, if an online casino site gets C$100 in, they will pay back C$90-98 as winnings and take 2-10 dollars themselves as profit.

Payout percentage % = Winnings paid / Money wagered in games

Players can maximize their winnings by playing in the best online casinos that have the highest payout percentage, also known as RTP (return to player). The best paying online casino can easily be determined by simply looking at the payout percentage. RTP can also be determined for single slots and other games which will affect the overall payout-% of a casino.

Another factor along with RTP is the payout speed. It's obviously a better payout if the money is transferred to you faster. The payout speed can vary a lot depending on the casino and the payment method used. Some casinos have almost instant withdrawals when others can take several days. You can check the fastest ones from our instant withdrawal casinos page.

What Factors Can Affect Your Casino Payouts

There are a few different factors affecting your casino payout.

Different payment methods take different times to process. Also if there are fees included, it's obviously out of your winnings reducing the return. 

Using a casino bonus limits your ability to withdraw any winnings before the requirements are met. This also applies to VIP offers, cashbacks or other promotions.

Choosing a different game can also be a strategy. A different slot machine or a table game can have a very different payout rate. Often those slot machines with higher volatility will pay out statistically less, but when it does, the winnings are quite big. 

Highest Payout Casino Games

Chest with casino symbols

As a general rule of thumb, the best payout casino games on average tend to be table games. Games like roulette, blackjack and baccarat have stood the test of time, and compared to more exciting entries like slot machines they require a higher RTP to keep players interest.

For example, these classics have the following payouts:

To achieve these payouts of course requires optimal play, which takes its own time to master. There are some slots that achieve almost a 99% payout, along with a number of live casino entries that have excellent payouts such as the #1 game Cash or Crash (99.59%).

However, the high payout casino games are usually the oldest ones, and this applies to both table games and online slots. The more "wizz" and entertainment a new game can provide, the more players are willing to sacrifice RTP from their thinking.

Learn more about this from our online casino games page.

Best Payout Online Slots

The best payout online slots are a topic of interest to all casino enthusiasts, so we have gathered below a top 10 highest payout slots list.

  1. Mega Joker - 99%
  2. Monopoly Big Event - 99%
  3. Tropic Reels - 99%
  4. Nemo's Voyage - 95-99%
  5. Jackpot 6000 - 99%
  6. Uncharted Seas - 98.6%
  7. Joker Strike - 98%
  8. Blood Suckers - 98%
  9. Kings of Chicago - 97.8%
  10. Magicious - 96%

If you want to find out more about slots with the best RTP or the best slots in general, go check out our online slot games page.

Pros and Cons of the Top Paying Online Casinos

Pros:

You will be playing at a trustworthy site with independent oversight making sure that players are paid out exactly as promised
The welcome offers from these sites are usually excellent, and they mean you'll enjoy even better payouts at the beginning
Canadian high RTP online casinos are the best choice for anyone looking to gamble in the smartest way possible long term

Cons:

Although high payouts sound great on paper, in the world of online casinos there are never guarantees, we're talking about just the average payout here
The average payout will be affected by how you play - remember to be smart with your bets
Each game has its own payout, meaning that if you choose to play low RTP games at high RTP casinos, it will be the low average RTP that you'll be getting

Best payout illustrative image with casino symbols

It's really a no-brainer to play at the best paying casinos. This is comparable to other things where you get the same service but either pay more or less for it. Of course, you want to select a casino where you have the best chance to win real money.

Payment Methods Affecting Your Casino Payouts

The payment method you choose to use does not directly affect the odds of the game or the payout rate. It can affect the final sum you receive though and the speed you will receive it. 

This is due the processing time affecting the payout speed and the fees and commissions the payment processor or casino might deduct. Most payment methods in Canada are completely free. For example skrill casinos or Interac casino sites that are very popular amongst Canadians are free of any fees. 

In comparison, Instadebit casinos and iDebit casinos do charge a $2 fee for both deposits and withdrawals. 

Bonuses From the Highest Paying Online Casinos

Bag filled with bonus offers

One might think that you can’t get that good bonuses from the highest paying online casinos, but the truth is in fact the opposite. The bonuses on offer give you the chance to enjoy a higher RTP than you otherwise could.

This is especially apparent at the start of playing at a certain casino, as no matter the type of offer, you will be receiving a boost as long as its worth money to play with at the site. We have gathered below some of the most common offers available at high paying Canadian casinos.

Welcome Bonuses

Welcome bonuses and deposit bonuses are by far the most common welcome offer at Canadian casinos. Depending on the offer, they can affect the average payout of a site quite majorly.

Most of the time bonuses are between $50-$200, but at some sites you can expect to find value up to thousands of Canadian dollars. The best casino bonus is one with high bonus value and favourable terms.

No Wagering Bonuses (Best For Payouts)

Bonuses with small or no wagering requirements are amazing for your RTP at a casino site. Usually every casino bonus has some sort of wagering requirement that you need to fulfill before you can withdraw anything. No wagering bonuses are a set of rare offers that do not have any of these. 

It means you will receive a sum of bonus funds and whatever you achieve to win, it's yours to keep and withdraw immediately. Usually these bonuses are a bit smaller though, as there are more risk on the operator side.

High RTP Free Spins

Another common offer you can get are online casino free spins (click the link to find all currently available Canadian offers). The most valuable ones out there are of course high RTP free spins.

The higher the average payout of a slot to which you will receive your free spins is, the more money you’ll be winning with your free spins on average. This is just a fact of life, although of course when we’re talking about free spins, you can also shoot for the stars with highly volatile slots with big wins.

However, there is almost always a wagering requirement to the winnings of any free spins, meaning that a solid showing on average is your best bet for a good start to your career at any given casino. At Bojoko these wagering requirements are always shown to you clearly right from the start.

No Deposit Casino

If you’re looking for no deposit casinos, you might have to sacrifice some when it comes to the average payout you’ll get to enjoy. No deposit casino bonuses are extremely rare, so when one becomes available, you shouldn’t hesitate despite a lower RTP.

Offers like this affect the RTP a lot, especially if they have wagering requirements that are on the smaller side. Find all of the casinos that have no deposit deals available from our no deposit casino page.

Summary

FAQ

Luckland casino has the best payout in Canada at the moment with 98.6% RTP.

We have reviewed and listed several online casinos by their payout rates. The top 5 are:

  1. LuckLand - 98.6%
  2. Casino Universe - 98.2%
  3. Players Palace Casino - 97.76%
  4. Dream Vegas - 97.40%
  5. Wildz Casino - 97.00%

You can calculate the casino payout rate at any site with this formula:

  • Payout percentage % = Winnings paid / Money wagered in games

Usually, table games and live dealer games such as Blackjack and Baccarat have the best payout rate, provided you have a good strategy in place and ample skill at the games in question.

Generally, a good payout percentage for a casino is anything above 96%, with the top 5 even going above and beyond of 98%.

Check out the Bojoko list of the top payout casinos. The casino with the best payout has over 98% RTP, and generally, casinos can be called top payout casinos if their payout rate is over 97%.

About the Authors

Ville Saari

Article by:

Ville Saari

Ville is an industry veteran, who has written thousands of gambling-related reviews and articles since 2009. He is an IT engineer with a passion for game and strategy optimization, and to teach the world to play better.
Lauri Hannelin

Article by:

Lauri Hannelin

Lauri is a casino enthusiast who has been in the gambling industry since 2019. During his career in iGaming, he has worked in many fields becoming an all-around expert when it comes to online casinos.

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