Best Paying Online Casino Sites | Highest Payouts in Ontario

??The Best Paying Ontario Casino Sites in 2024

All casinos operating in Ontario must be licensed by the Alcohol and Gaming Commission of Ontario. As part of these regulations, they must show the RTP, or Return-to-Player, rates of all of their games on their website so that you can make more informed decisions about what it play.

While the best Ontario casinos online are safe and regulated, they are not equal. Some casinos have higher RTPs, faster payouts, and lower wagering requirements, which make them more attractive to many players.

To create this guide, I have combed through Ontario’s 2024 gambling market and hand-picked the top online casinos with the best payouts. This data is based on an analysis of the average RTP of their catalogue, supplemented with a rating of the game selection, user experience, deposit and withdrawal methods, and the speed and efficiency of their support.

Here are the top 5 highest paying online casinos in Ontario:

1. ? Party Casino Ontario – 97.26% RTP
   PartyCasino Ontario is a legendary high payout online casino in Ontario. This casino site features over 1,000 casino games from software providers such as Microgaming, NetEnt, Big Time Gaming, and Evolution Gaming. The average RTP is around 97.26%, and winnings are processed fast depending on the payment method selected.
2. ? LeoVegas Casino Ontario – 96.98% RTP
   LeoVegas Casino is the best Ontario online casino for mobile gambling. The brand has been a frontrunner for casino apps and offers sports betting as well. The founders’ mobile-first mentality has built a strong reputation for LeoVegas. This casino has 96.98% RTP, and winnings are processed efficiently. If you like this casino, try its sister site, Royal Panda Casino Ontario.
3. ? Pokerstars Casino Ontario – 96.92% RTP
   Pokerstars Casino ON is the home of online Poker in Ontario. While you can play various casino games on this online casino site, their biggest draw is Poker. RTP of casino games with real-life players can be difficult to calculate because individual players are unpredictable. The online casino has ~96.92% RTP, and winnings are processed in 3-10 days. Processing time gets shorter when you use the same payment method multiple times.
4. ? PlayOJO Casino Ontario – 96.71% RTP
   PlayOJO Ontario is one of the best payout casinos in Ontario that puts its customers first. This online casino has no wagering requirements, maximum win limits, or withdrawal limits! In addition, their RTP is ~96.71%, and withdrawal methods, such as Interac and Mucbetter, are processed instantly.
5. ? Zodiac Casino Ontario – 96.42% RTP
   Zodiac Casino Ontario is part of the legendary Casino Rewards group. Ontarian players can start betting with just C$1, which is rare among high paying online casinos. The average RTP at this online casino is around 96.53%, and the casino features the best Microgaming slots.

Discover the best paying Ontario online casino and more!

?? How to Choose the Best Payout Online Casinos

No need to be shy – we all want to play at high payout online casinos. So, to make your life easier, I’ve combed through all the licensed casinos in Ontario and listed the best paying casinos above. While compiling my list, I compared RTPs, wagering requirements, minimum deposits and payment speed to create a list of casinos that reward players well.

Here are some other tips to consider when picking a casino:

1. Check the eCOGRA listing – Many Ontario online casinos contract eCOGRA to test their casino games’ random number generator software.eCOGRA publishes the online casino’s total RTP as part of the certification process. The closer that number is to 100%, the better online casino payouts you can get.
2. Compare the minimum wagering, deposit and withdrawal requirements – The lower the wagering requirement, the better! However, when it comes to deposits and withdrawals, it all depends on your budget. If you want to try a new casino, no-deposit or C$1 deposit casinos are your best choice. In addition, casinos with no minimum withdrawal limits mean you can transfer your real money to the bank whenever you want.
3. Choose online casinos promoted by BonusFinder – Most online casinos I recommend have high payout percentages. This number can shift yearly, but I always aim to promote the best payout online casino. I stay on top of online casino payout percentages, so you don’t have to.

?? Highest Paying Slots

The game selection determines the payout rate of online casinos. The payout rate is higher if a casino has many high RTP games with low house edges. To maximize your win, choose games that, in theory, offer better odds, like live table games.

In Ontario, slot games must have at least 85% RTP. Luckily, most slots hover around 90-96%, which is well above the minimum limit. Generally, casinos claim that slot machines give out the biggest rewards. While this might be true, the frequency of winning big is low. In addition, slots with high payout percentages usually have high volatility, so they don’t trigger wins as often.

I combed through all slot sites in Ontario to find the crème de la crème for my Ontario readers. These online slots offer high RTP and low or medium volatility. If you want to play these games, make sure to read the casino T&Cs and check the library. Since these games trigger wins more often, casinos aren’t super keen on offering them.

?? Highest Paying Casino Games

Live dealer games have the highest RTP! While progressive jackpots offer the biggest wins, you’ll win more in the long run by playing live casino games. The odds of winning live dealer games depend on the house edge and the players’ skills. For example, your odds at Poker might increase if you’re playing against inexperienced players and vice versa if you’re new to the game. Generally, live Blackjack has the highest RTP out of all casino games, since, in theory, its RTP can be over 99%.

In addition, note that different live casino games have different odds. For example, while Roulette has a high RTP, European Roulette has a higher RTP than the American version. However, while the RTP is set for video Poker games and other similar casino games, live dealer games are not guaranteed to be profitable. Live casino outcomes are unpredictable, and unexpected things happen all the time.

? Online Casino Payouts

Focus on the RTP and volatility when looking for the highest-paying online casinos. Together, these determine how much you’ll win and how often. Another way to approach online casino payouts is to consider the house edge. This tells you how likely the casino will win – meaning how often you lose.

What is a RTP?

The payout rate or RTP (return to player percentage) is the predicted return you will make from a bet in a real money online casino. While Ontario casinos don’t have an exact rate, you can figure it out by calculating the average RTP of all casino games offered on the site. In Ontario, the minimum theoretical payout of online slots is 85%. While casinos cannot host games with lower RTP, they can offer games with a higher payout percentage. The average RTP of online slot games is between 90-97%

Here’s an easy way to think about RTPs: if the RTP is 90%, you can expect to get back $90 for every $100 you wager on average. However, the percentage is based on millions of spins or rounds. So, you won’t always get the $90 back after betting a hundred. While lucky players can win big bucks in succession, in the end, casinos are the true winners.

What is Volatility, and Why is it Important?

Volatility of online slots and table games tells you how often they trigger a win and the typical size of the wins. High volatility means you won’t win as often, but the wins are big when you do. In contrast, low volatility means you’ll win often, but the wins are small. Basically, high-risk + high rewards vs low-risk + low rewards.

Does House Edge Matter?

House edge is the casino’s advantage in every casino game. This includes online slot games, table games, bingo, live dealer games, and live game shows. Without the house edge, Canadian online casinos would constantly lose money, and they are not about to distribute free money. So, while you cannot do anything about the edge, you can determine which games give you the most value. Naturally, slot machines and other AI-based games have the highest edge. In contrast, the edge is volatile in live games with real players since diverse skills and play styles affect it differently.

?? Check the RTP of Online Casinos

Best payout casinos don’t prominently advertise their overall RTP. However, you can check what kinds of odds different casino games offer. Many Ontario online casinos display the RTP and volatility of online casino games on their pages. You can check this information from the software providers’ site if they’re not displayed on the gambling site. RTPs, volatility, paylines, etc., are the same no matter which casino offers them.

Another factor to consider is the popularity of a casino. If players keep returning to a particular casino, it has a great return-to-player in the long run. Conversely, a casino that doesn’t give out big wins would lose its player base fast and wouldn’t be recommended.

An online casino game high RTP and volatility can trigger huge wins but seldomly.

? Fast Payout Casinos

Casinos with a fast withdrawal process handle your winnings quickly. Some Ontario online casinos have under 1 hour withdrawal times, while some can take weeks. The most common handling time is 24 hours to 2 days. BonusFinder displays the payout speed for all the casinos in Ontario. Scroll up to see this information next to the casino logo.

The best part about fast-paying online casinos is that you get your money fast to your bank and can use it for other things. If you spend $50 playing a slot game, you may want to cash it out to treat yourself and buy something nice. When looking for a fast-paying casino, keep in mind that payment methods affect the speed. PayPal and Interac are the fastest methods in Canada, while direct bank transfers can last up to a week.

When I conduct a full review of an online casino I always test how fast the payouts are by making at least three withdrawal requests using different payment methods. Based on my most recent data, these are the best instant withdrawal casinos in Ontario in 2024:

Please keep in mind that this is based on my personal experience, and several factors can affect the speed of your withdrawal, including the payment method chosen, whether you have completed the KYC processes, and whether you try to cash out at the weekend.

Fast payouts are an essential part of online gambling – who doesn’t want to claim the money they’ve won fast?

?? Payout Percentages

Established online casinos that offer a payout percentage above 96% are great places to play online. Choosing betting sites in Ontario with the highest payout percentage is the best way to maximize your odds of winning. At first glance, online casinos can seem quite similar, but gambling sites have different payout speeds.

The main factor influencing the casino’s payout percentage is the selection of casino games. So, when playing online casino games, check the RTP. High RTP games like progressive jackpot slots reward the most. So, if you enjoy slots, you could try playing slots with a progressive jackpot.

New Casinos

New casinos have to fight for their market share and will try to establish themselves with the juiciest real money slots and table games. But the best part is that new sites conjure innovative features and games. So, we recommend you check out new casinos in Ontario and keep your eyes open for recent high payout online casinos.

Wagering Requirement

Reading all the fine print before you start playing online or creating an online casino account is important. Remember that most casinos have wagering requirements. This is a minor hindrance in most cases, but some sites have over 100x wagering requirements. Our recommendation is to stick to casino sites with low conditions. Canadian casinos typically have x20~35, except for PlayOJO Casino, where it’s zero.

Minimum Deposits and Withdrawals

While deposits don’t directly correlate with how much you can win, it’s good to calculate how much money you are willing to invest into gambling. For example, Ontario online casinos usually have a minimum deposit requirement of C$10-20. You can compare this to possible withdrawal limits and decide if the casino is worth your time. So, if you’re after high-paying casino sites, we recommend you play at a no-deposit casino like PlayOJO or a C$1 deposit casino like Casino Classic.

Payout speed and Payment Methods

Don’t overlook the importance of payment methods. While they might all seem equal at first, some ways work faster than others. I recommend using Interac, MasterCard, Visa, and PayPal casinos in Ontario. These casinos have the fastest processing times, so you don’t have to wait over a week when you’re ready to cash out your winnings.

?? How to Make your Money Last

When gambling online, the most important thing to remember is that you’re meant to have fun. Unfortunately, only a small portion of us actually enjoys losing money. So, I’ve listed different ways to make your gambling budget last as long as possible. While you’ll probably win some bets, you’ll likely lose some as well.

Let’s say your online casino budget is $100. While this might seem like a huge amount of money (and to some of us, it is!), it can quickly disappear while playing casino games. So, tap on one of the best paying casinos in Ontario and keep the following tips in mind.

?? Play Low Volatility Games

The most obvious step is to play games with low volatility and high RTP. You’ll get wins more often, but the payout size will be small. Don’t expect to make big bucks by playing 1429 Uncharted Seas or Blood Suckers. You will, however, win more often, so you can keep playing for longer.

?? Play Live Dealer Games

Unfortunately, most online slots and virtual table games have lower RTP than live casino games. So, join a live table with low bets and start practicing. While you won’t win much by betting small, you’ll get good practice (maybe make a friend), which is important for the high roller tables. In addition, you can find thousands of good live Roulette and live Blackjack strategies, so start developing your skills with low bets.

?? Bet Minimum Amount

If the game you’re playing lets you choose how much to bet, choose the smallest amount. This is especially important if you’re playing low volatility games. You’ll likely win back the amount you bet, so this tactic won’t make you rich. However, if you’re playing a live table game, like live Poker, feel free to bet high if you have an excellent hand!

?? Don’t Try to Become Rich

Don’t fall into the numerous gambling myths that promise you big wins. If you keep losing, your odds of winning are not going to be high. Certain numbers or symbols don’t guarantee a win. And if you’ve lost a lot of money, you won’t win those back by playing. Accept that you’ll most likely spend your gambling budget, and be okay with it. After all, you’re paying real money to have fun and keep yourself entertained.

Last updated: 2024/08/16