Ontario’s online casino market has been thriving since its regulation in April 2022, attracting numerous gaming enthusiasts seeking the perfect blend of excitement, fairness, and profitability. With so many options available, identifying the highest payout online casinos in Ontario can be a daunting task. That’s where we come in. We’ve tried and tested various casinos, compared their payout percentages, and analyzed their overall gaming experience.
Let us share our personal insights and recommendations, highlighting the pros and cons of the best payout online casinos in Ontario, and help you choose the online casino that offers the best value for money.
Highest Payout Casinos in Ontario
A Thrilling Gaming ExperienceMust be 19+ to participate, T&Cs apply, Play responsibly: connexontario.caBet365 CasinoPlay Now
Various Payment Options AvailableMust be 19+ to participate, T&Cs apply, Play responsibly: connexontario.caBet99 CasinoPlay Now
Wide Selection of GamesMust be 19+ to participate, T&Cs apply, Play responsibly: connexontario.caBetMGM CasinoPlay Now
Experience the Thrill of Diverse SlotsMust be 19+ to participate, T&Cs apply, Play responsibly: connexontario.caBetRivers CasinoPlay Now
Exciting Gaming Platform with More than 1,500 Thrilling SlotsMust be 19+ to participate, T&Cs apply, Play responsibly: connexontario.caBetVictor CasinoPlay Now
Established and trusted gaming platformMust be 19+ to participate, T&Cs apply, Play responsibly: connexontario.caSIA CasinoPlay Now
The Top Paying Online Casinos in Ontario
Top-tier online gaming experiences are constructed from numerous elements, ranging from the Return to Player (RTP) ratio and expediency of payouts, to the diversity of games in the catalogue, among other facets. Our experts diligently searched, tested, and ranked the top payout casinos for Ontarians players.
Bet99, a Canadian-focused online casino, has quickly gained prominence in the gaming world. Endorsed by sports personalities and backed by the Kahnawake Gaming Commission, Bet99 ensures a secure and enjoyable experience for Canadian players. The casino’s user-friendly interface, wide selection of games, and multiple deposit options, including Interac e-Transfer, make it particularly appealing to Canadians.
Despite being limited to Canada and not offering live streaming, Bet99 sets itself apart with its commitment to providing a comprehensive gaming experience. While the casino currently lacks a dedicated mobile app, its mobile site is compatible with various devices, and an app is reportedly in the works.
- Payout Rate: 97.09%
- Casino Games: Jackpots, Live Casino, Table Games, Slots, Drop and Wins.
- Top Games: Mustang Gold, Cash Command, Ancient Fortunes: Poseidon Megaways, Book of Dead.
- Payment Options: Interac, Visa, Mastecard, PayPal, iDebit, Instadebit, MuchBetter.
- Payout times: 3-5 working days (after approval and depending on the banking method
BetMGM, the result of a collaboration between MGM Resorts International and Entain, is a prominent online sportsbook licensed by the Alcohol and Gaming Commission of Ontario. Known for its user-friendly platform and extensive sports coverage, BetMGM has quickly become a popular choice for sports enthusiasts since its launch in April 2022.
The platform offers a seamless experience on both its website and app, making it accessible to a wide range of users. Unique features like Edit My Bet and Easy Parlay set BetMGM apart from competitors, providing a superior betting experience for its users. Although its geographical availability is limited, BetMGM continues to excel in offering a comprehensive and enjoyable betting platform.
- Average Payout Percentage: 95.73%
- Casino Games: Table Games, Jackpots, Slots, Live Games.
- Exclusive Games: Fish’Em up, MGM Grand Millions, Cash Falls Hou Zhu, Big Bass, Wanted Dead or Alive.
- Payment Options: Visa, MasterCard, Interact, e-Transfer, PayPal, Apple Pay.
- Payout times: 1-5 working days (after approval and depending on the banking method)
BetRivers, a product of Rush Street Interactive, entered Ontario’s iGaming market in April 2022 with a blend of online casino and sportsbook offerings. With its user-friendly desktop site and mobile app for Android and iOS devices, BetRivers has quickly become a go-to platform for sports enthusiasts in the region.
One of the platform’s main attractions is the iRush rewards program, which, along with live sports betting and an early cash-out feature, sets it apart from competitors. While it is only available in Ontario and has limited cashout methods, BetRivers provides a comprehensive betting menu and supports popular payment options like Interac and PayPal.
- Average Payout Percentage: 97.2%
- Casino Games: Live Dealers, Tables, Slots, BlackJack, Video Poker, Slingo.
- Top Games: Pearl Power, Dr. Jekyll gone wild, Goldstruck Blasts, Star Clusters, Tigers.
- Payment Options: Credit/Debit card, Interac, E-Transfer, PayPal, Trustly Online Banking
- Payout times: Immediate (BetRivers Play+ Card), 30 minutes (PayPal) to 5 working days (after approval and depending on the banking method)
Established in the 1940s, BetVictor has transformed itself into a major global sportsbook, offering a modern platform with a user-friendly interface and native mobile apps for iOS and Android devices. Licensed by the UK Gambling Commission and the Alcohol and Gaming Commission of Ontario, BetVictor has a vast range of sports, markets, and innovative features like the Bet Builder and live PGA Tour streaming.
Although the platform has a few drawbacks, such as limited phone support and player rewards, BetVictor’s strengths lie in its key features. The Bet Builder, live streaming, and early cash-out options make it an attractive choice for both new and experienced bettors. Despite the platform’s UK-focused approach, it offers a solid betting experience for sports enthusiasts.
- Average Payout Percentage: 96.77%
- Casino Games: Vegas, Slots, Megaways, Table Games.
- Top Games: Reactoonz, Legacy of Dead, Rise of Olympus, Clover Fortunes, Magikspell.
- Payment Options: Visa and Mastercard, Paypal, Neteller, Skrill (Moneybookers), Paysafe, Bank Transfer
- Payout times: 1-5 working days (after approval and depending on the banking method. Telegraphic Transfer may take up to 10 working days.)
Bet365 is a leading bookmaker in the global market, providing a high-quality betting experience to Canadians, with an extensive range of betting markets, competitive odds, and a user-friendly mobile app for iOS and Android devices. Licensed by the AGCO and iGaming Ontario, bet365 has a strong presence in the Ontario market, ensuring a safe and enjoyable betting experience.
The platform stands out with its robust live betting platform, live streaming options, and swift, reliable banking choices. Although there are some drawbacks, such as no phone support and no loyalty program, bet365’s strengths far outweigh these limitations.
- Average Payout Percentage: 98%
- Casino Games: Slot Games, Card Games, Table Games, Video Poker, Jackpots.
- Original Games: Samurai vs Ninja, 7 Lucky Keys, Bullish Business Mad Money, Everest High Altitude.
- Payment Options: Interact, Visa, MasterCard, Wire Transfer, Instadebit, Instand Bank Transfer, iDebit.
- Payout times: 1-5 working days (after approval and depending on the banking method)
Top Payout Online Casinos in Ontario – Comparison Table
|Number of Games
|3-5 working days
|1-5 working days
|Immediate to 5 working days
|1-5 working days
|1-5 working days
How to Choose the Top Highest Paying Casinos in Ontario?
We’ve all heard the term ‘highest paying casinos,’ but do you really know what it means? In a nutshell, it refers to those online gaming platforms that offer the best payout potential for players. There are two primary criteria used to identify the highest paying casinos:
- Payout Percentages: Payout percentages represent the proportion of money returned to players as winnings relative to the total amount wagered. A higher payout percentage indicates that an online casino pays out more to its players. It’s important to compare payout percentages across different casinos to identify the ones that offer the best value. Keep in mind that these percentages may vary from game to game, so always look for casinos with consistently high payout percentages across their gaming selection.
- Return to Player (RTP) Rates: The Return to Player (RTP) rate is the percentage of all bets placed on a specific game that is paid back to players over time. A higher RTP means you have a better chance of getting a return on your bets. When selecting an online casino, look for games with high RTP rates, as they tend to offer better payout potential. Keep in mind that RTP rates can vary across different games and software providers, so it’s essential to research and compare RTP rates to make the most of your gaming experience.
While the payout percentages and RTP rates are directly linked to a casino’s payout potential, there are other factors to consider when choosing the highest paying online casinos in Ontario. These additional criteria may not directly impact the payouts, but they contribute to the overall gaming experience and can affect your winnings in various ways:
- Game Selection and Variety: A diverse game selection not only makes your online casino experience more enjoyable but also increases your chances of finding games with high payouts. Look for casinos that offer a wide range of games, including slots, table games, and live dealer options. This variety ensures that you can explore different games, potentially finding ones with higher RTP rates and better payout potential.
- Jackpot Sizes: Larger jackpots can significantly boost your winnings, especially in games like progressive slots where jackpots accumulate over time. It’s essential to choose casinos that offer sizable jackpots, giving you the opportunity to hit one.
- Payment Options and Withdrawal Speed: Fast and secure payment options are crucial when it comes to managing your casino winnings. Choose online casinos that provide a variety of trusted payment methods and quick withdrawal processing times.
Playing at the Best Payout Online Casinos in Ontario
To maximize your winning potential, it’s essential to play at online casinos with the highest payout percentages. By following these simple steps, you’ll be well on your way to enjoying a rewarding gaming experience:
- Choose the casino: Research and select a reputable online casino with a high payout percentage. Consider factors such as licensing, game variety, and user reviews to ensure you’re playing at a trustworthy and reliable site.
- Create an account: Once you’ve chosen a casino, sign up by providing the required information and verifying your account. Make sure to use accurate details to avoid issues with withdrawals later.
- Choose the game: Select a game with a high RTP and favorable payout percentage. This will increase your chances of winning, as games with higher RTPs tend to offer more frequent payouts.
- Set a budget: Establish a gambling budget and stick to it. This will prevent you from overspending and help you maintain a responsible gaming experience.
- Monitor your gameplay: Keep track of your wins and losses to ensure you’re playing within your means. Knowing when to quit is essential for a successful gaming experience.
Payout Percentages & RTP Mini-FAQs
Do all casino games have the same RTP?
Which could be considered a high RTP?
Which game types have higher RTPs?
How do payout percentages differ between various casino games?
How do payout percentages at online casinos compare to land-based casinos?
Let’s Analyze Some Casino Games!
Let’s dive into various popular casino games, examining their unique features, return to player (RTP) percentages, and volatility levels. Understanding these aspects will help you make informed decisions when choosing which games to play, based on your preferences and gaming strategies.
Slots: Slots are popular for their diverse themes and gameplay features, with RTPs typically ranging from 92% to 98%. These games have varying volatility levels, from low to high, resulting in a wide range of payout frequencies and sizes, catering to different player preferences.
|Gates of Olympus
|Multipliers, Free Spins, Scatter Feature
|Crabbin For Cash Extra Big Catch
|Free Spins, Progressive Jackpot
|Free Spins, Scatter Feature
|Free Spins, Re-spins
|King of Kings
|Free Spins, Wilds
Blackjack: Blackjack is a popular casino game with a high RTP of around 99%, offering better winning potential compared to slots, which have RTPs between 92% and 98%. The strategic nature of blackjack and its lower volatility result in more frequent, smaller payouts as opposed to the infrequent, larger wins in slot games.
|Blackjack Perfect Pairs and 21+3
|Live Unlimited Blackjack
|Premium Blackjack Single Hand
|93.89% – 99.58%
|Live One Blackjack
Baccarat: With a low house edge, Baccarat offers a favorable RTP of up to 98.94% when betting on the banker. This simple yet thrilling game has a lower volatility compared to slots, providing players with more consistent, smaller wins.
|98.76% – 98.94%
|Hit Me! Baccarat
|83.5% – 99.5%
|Live 7 Seat Baccarat
|98.76% – 98.94%
|82.93% – 98.94%
|86.29% – 98.94%
Video slots: Video slots boast higher RTPs (92-98%) than traditional slots and offer diverse volatility levels. Although their RTPs are lower than table games, video slots provide frequent, smaller wins and potential for massive jackpots due to higher volatility.
|Big Bass – Hold & Spinner
|Free Spins, Wilds
|Tumbling Reels, Free Spins, Multipliers
|Free Spins, Tumbling Reels, Walking Wilds
|Book of Horus
|Free Spins, Scatter Feature
Roulette: Roulette’s RTP depends on the variant played. For example, European Roulette has an RTP of 97.30%, while American Roulette’s RTP is 94.74%. The game’s volatility is moderate, offering a mix of frequent small payouts and occasional larger wins.
|Live Speed Roulette
|Live PowerUp Roulette
|97.19% – 97.30%
How Casino Payout is Calculated?
Online casino payouts are calculated based on various factors, including the Return to Player (RTP) rate and the game’s unique design and rules. The payout potential for each game is determined by its RTP, which is the percentage of all bets placed that is paid back to players over time. To better illustrate how payouts are calculated, let’s use a simple example:
Suppose you are playing an online slot game with an RTP of 96%. This means that, on average, the game is expected to return 96% of all bets placed back to players in the form of winnings over an extended period of time. If the total amount wagered on the game is $1,000, the expected payout to players would be $960 ($1,000 x 0.96).
It’s important to note that RTP is a theoretical figure and does not guarantee that you will win 96% of your bets. The RTP represents the average payout over a vast number of spins or rounds, so individual sessions can have different outcomes.
In addition to the RTP, the specific rules and design of each game also impact the payout calculation. For example, slot games may have varying paylines, symbols, and multipliers, which affect the potential winnings. Table games like blackjack or roulette also have unique rules and betting options that can impact the overall payout.
What is Volatility?
Volatility, (also referred to as variance) is a term used to describe the level of risk associated with a particular casino game. It indicates how frequently a game is expected to pay out winnings and the size of those winnings.
There are generally three levels of volatility:
- Low volatility: Games with low volatility tend to pay out smaller, more frequent winnings. These games are suitable for players who prefer a lower risk and want to enjoy longer gaming sessions with a smaller bankroll.
- Medium volatility: Games with medium volatility strike a balance between the frequency and size of payouts. They offer a mix of smaller and larger wins, catering to players who enjoy moderate risk levels.
- High volatility: High volatility games have less frequent payouts, but the winnings tend to be more substantial. These games are suited for players who have a higher risk tolerance and are willing to endure longer dry spells in the hope of landing a big win.
It’s essential to understand the volatility of a game before playing, as it can help you choose a game that aligns with your playing style, risk appetite, and bankroll management strategy.
Do you know that some online casinos will let you filter the games according to the volatility? Let’s take Bet99 for example, you can filter the games according to 6 levels of volatility: Low, Low Medium, Medium, Medium High, High and Variable.
Keeping the Game Fair
To ensure fair and unbiased results in online casino games, operators rely on a technology known as Random Number Generator (RNG). RNG is an algorithm that produces random outcomes for every spin, roll, or draw in a casino game, ensuring that the results cannot be manipulated or predicted.
RNGs are essential for maintaining the integrity of online casino games and providing players with a fair gaming experience. The algorithm generates a vast sequence of random numbers at a high speed, which corresponds to various game outcomes like spinning reel positions in slots, card shuffling in blackjack, or the ball landing in a roulette wheel pocket.
In addition to RNGs, online casinos are subject to strict regulations and licensing requirements to ensure fairness and transparency. Reputable online casinos often undergo regular audits by independent testing agencies, such as eCOGRA, iTech Labs, or GLI, to verify that their RNG software meets industry standards and complies with regulatory requirements.
These audits evaluate the casino’s RNG implementation, game rules, and payout percentages to ensure that they are functioning correctly and offering players a fair gaming experience. By choosing an online casino that is licensed, regulated, and certified by a trusted testing agency, players can be confident that the games they play are both fair and not manipulated.
Read the small letter! Don’t get it wrong; the RTP doesn’t signify how much you will win in a single playing session. Instead, it represents the measure of all wagers from all players combined, over an extended period of time.
Highest Paying Casinos Online FAQs:
Can the same online games have different RTPs across various online casinos?
What factors influence a game’s RTP?
Where can I find the RTP of a specific casino game?
How do progressive jackpot games’ RTPs compare to regular slots?
Can a game’s RTP change over time?
How does game volatility impact payouts?
What is the relationship between house edge and RTP?
Are RTPs in online slots higher than in physical slots?
How can I use RTP to my advantage when choosing games?
Do table games generally have higher RTPs than slots?
Are RTPs the same for all players in a specific game?
About the author:
Ryan is an avid sports betting writer with a big passion for the Toronto Maple Leafs. His expertise in analyzing betting odds combined with his knowledge of sports provides readers with valuable insights. When he’s not analyzing odds or cheering for the Leafs, you’ll find Ryan on the basketball court.