Best Paying Online Casinos in Canada (2024)

Are you looking for the best paying online casinos in Canada? Look no further! Our casino experts at BettingGuide reviewed 20+ casino sites and investigated the RTP of some of the most popular slot games. With our tried and tested list of the highest paying online casinos, you will be able to find your best online casino to win money today!

What is RTP in Casinos? 👈

What is RTP in Casinos?

RTP, or Return to Player, represents the percentage of payout from the money wagered in a game over time. It can be used as a guide to inform players of their potential to recover their stakes, helping them make informed decisions about where to play. There are two types of RTP: TRTP (Theoretical RTP) and ARTP (Actual RTP). TRTP is a predefined payout rate established for games such as real money online slots. The highest paying online slots like "Poseidon Xtreme!" may offer a TRTP of 99.00%. On the other hand, ARTP is calculated based on the actual winnings divided by the total amount wagered. While ARTP can differ significantly from TRTP initially, it tends to approximate the TRTP over many rounds.

Written by Thomas Brown

Verified by BettingGuide team

Last updated 2024-05-27

Table of contents 🔍

Best Paying Online Casino Rankings - Top 2

Below, we selected the best paying online casinos in Canada. The rankings are based on our highly relevant factors as well as the average RTPs of casinos we calculated through our investigation. You can find how we did our analysis after the rankings.

1
Casino Days:
Best Paying Online Casino in Ontario🥇
2
Tonybet:
Best Online Casino to Win Money 🥉

#1 Best Paying Online Casino in Ontario - Casino Days

Casino Days is the best paying online casino in Ontario and the rest of Canada, showing the highest average RTP of 96.64% in our analysis. In addition to being licensed in Ontario, this best payout casino has obtained the very first licence by GCB (Curacao Gaming Control Board), making it a safe and trustworthy gaming platform for Canadian punters with 5000+ games.

According to our review of Casino Days, it has adopted various banking solutions, including Interac, Visa, Mastercard, and several cryptocurrencies. Casino Days accepts deposits of as little as $10 and allows withdrawals from $15, so if you're looking for casinos to play from $10, it would be an excellent place to try.

Pros

24/7 Customer Support
Quick Withdrawals
Over 5000 Games To Choose From

100% Bonus Up to $1000 + 100 Free Spins in Sweet Bonanza

Click here to register for this best payout casino 👈

Gambling can be addictive, please play responsibly. Any offers mentioned are not available for Ontario players.

#2 Best Online Casino to Win Money - Tonybet

Tonybet is also the best online casino to win money, offering the fourth highest average payout percentage of 96.23% and having an enormous number of games on its platform.

We reviewed Tonybet and found that it has many banking options for Canadian players. Some payment methods available are credit cards like Visa and Mastercard, Interac, Instadebit, and e-wallets such as AstroPay and MuchBetter. This best payout casino also accepts a few cryptocurrency payments.

With its high RTPs, massive game portfolio and rich collection of banking solutions, Tonybet is undoubtedly an excellent option for those looking for the best paying casino online.

Pros

Awesome Welcome Bonuses
6000+ Casino Games
24/7 Customer Service

100% Up to C$1000 EUR + 120 Free Spins

Min. Deposit	20
Max. Amount	1000
Turnover	50x
Expiration	14 days

Click here to register for this best payout casino 👈

Gambling can be addictive, please play responsibly. Any offers mentioned are not available for Ontario players.

How We Selected the Highest Paying Online Casinos

To find the highest paying online casinos, we selected one slot game from each of several game providers and researched TRTP across the best online casino sites in Canada. Generally, the game providers set the RTP, although some offer several RTP settings. Online casino operators then choose an RTP setting that aligns with their strategy. In other words, the same game can have different RTPs depending on the online casino.

List of Games Used for the RTP Comparison:

For this study, we chose popular games from six well-known game providers, such as Rich Wilde and the Tome of Madness by Play'n GO and Gates of Olympus by Pragmatic Play.

Game	Game Studio
Rich Wilde and the Tome of Madness	Play'n GO
Gates of Olympus	Pragmatic Play
Banana Town	Relax Gaming
Big Bad Wolf	QuickSpin
Aviator	Spribe
9 Masks of Fire	Gameburger Studios (Micro Gaming)

Payout Comparison of Online Casinos in Canada

Here are the results of the RTPs checked at various online casinos for the selected games. Each RTP is based on the theoretical RTP during regular play. "N/A" indicates that the relevant game could not be found at that online casino.

Casinos	Tome of Madness	Gates of Olympus	Banana Town	Big Bad Wolf	Aviator	9 Masks of Fire
Betway	94.52%	94.50%	N/A	N/A	97.00%	94.06%
Casino Rewards casinos	N/A	N/A	N/A	N/A	N/A	96.24%
Casino Days	N/A	96.50%	96.12%	97.34%	97.00%	96.24%
JackpotCity	N/A	94.50%	N/A	N/A	97.00%	94.06%
Leo Vegas	94.52%	94.50%	96.12%	97.34%	97.00%	96.24%
Novibet	96.59%	96.50%	96.12%	97.34%	97.00%	96.24%
PowerPlay	N/A	96.50%	N/A	N/A	N/A	96.24%
Spin Casino	N/A	94.50%	N/A	N/A	97.00%	94.06%
Tonybet	94.52%	96.50%	96.12%	97.34%	97.00%	96.24%

Highest Paying Casinos Based on Average RTPs

We calculated the average RTP based on the selected games across the surveyed online casinos and listed them in order of highest average to lowest as follows:

Casinos	Average RTP	Ranks
Casino Days	96.64%	1
Novibet	96.63%	2
PowerPlay	96.37%	3
Tonybet	96.29%	4
Casino Rewards casinos	96.24%	5
LeoVegas	95.95%	6
JackpotCity	95.19%	7
Spin Casino	95.19%	7
Betway	95.02%	9

Best Payout Casinios for Each Selected Game

Here is a list of the online casinos that offer the highest payout rates for each game:

Rich Wilde and the Tome of Madness

Highest RTP Setting: 96.59%
Casinos with the Highest RTP Setting: Novibet

Gates of Olympus

Highest RTP Setting: 96.50%
Casinos with the Highest RTP Setting: Casino Days, Novibet, Tonybet, PowerPlay

Banana Town

Highest RTP Setting: 96.12%
Casinos with the Highest RTP Setting: Casino Days, LeoVegas, Novibet, Tonybet

Big Bad Wolf

Highest RTP Setting: 97.34%
Casinos with the Highest RTP Setting: Casino Days, LeoVegas, Novibet, Tonybet

Aviator

Highest RTP Setting: 97.00%
Casinos with the Highest RTP Setting: Betway, Casino Days, JackpotCity, Leo Vegas, Novibet, Spin Casino, Tonybet

9 Masks of Fire

Highest RTP Setting: 96.24%
Casinos with the Highest RTP Setting: Casino Rewards casinos, Casino Days, Leo Vegas, Novibet, PowerPlay, Tonybet

Conclusion: Which Online Casino Has the Best Payouts?

On this page, we investigated the payout rates of online casinos featured on BettingGuide, based on casino games selected from six major game studios. In addition to an overall assessment, the following online casinos were selected for their best payouts, making them more likely to offer a winning experience:

Best Payout Casinos	Ranks	Av. RTP	Min Dep.	Official Site
Casino Days	Best Paying Online Casino in Ontario🥇	96.64%	$10	Visit
Novibet	Best Paying Online Casino in Canada 🥈	96.63%	$5	Read review
Tonybet	Best Online Casino to Win Money 🥉	96.29%	$10	Visit