10 New Online Casinos Canada with High Payout

Playing at online casinos is a whole lot of fun, and people take great joy in participating in online gambling for two main reasons, potential winnings and entertainment. When looking for an online casino, a gambler's best bet is to keep an eye out for a high-payout casino, which you are sure to find plenty of in Canada. In order to help narrow down your options, we've compiled a list of some of the best online casinos in Canada with high payouts which have just made their way into the market.

Newest Online Casinos In Canada With High Payout Rates

1. Wild Casino –  250% Bonus Of Up To $1,000 On First Deposit
2. Las Atlantis –  280% Bonus Up For Grabs
3. Bodog –  100% Deposit Bonus.
4. Lucky Block – Cashback On 15% Of Losses Within First Week Of Registration
5. BC.Game – 270% Bonus Of Up To 20,000 In BCD
6. MyBookie – 150% Match-Up Bonus
7. BetOnline – 100% Welcome Bonus Of Up To $3,000
8. El Royale – Diversity Of Bonuses
9. BUSR – 150% Welcome Bonus Of Up To $2,500
10. Super Slots – Generous Refer-A-Friend Program

Newest high payout casinos in Canada Reviewed

Now let's go through each Casino one by one, in order to go into more detail regarding why these casinos made our toplist.

1. Wild Casino –  250% Bonus Of Up To $1,000 On First Deposit

Taking the very first place on our list is Wild Casino, which can easily be dubbed as the greatest high payout casino in Canada. This online casino offers its players a diverse range of the best slot game titles in the market made by some of the most renowned software providers such as NetEnt and Pragmatic Play. Table game enthusiasts are given an extensive list of options to choose from, and Wild Casino also does an excellent job with the live casino games it features on its site.

If the impressive variety of casino games wasn't enough to swoop you off your feet, the bonuses surely will. First-time players of Wild Casino are eligible for a generous welcome bonus which can increase the amount of their first deposit by 250%, giving them up to $1,000 to start themselves off with. Thereafter, a 100% multiplier is applied to the player's next four deposits, which can give them bonus funds of up to $1,000.

As for their payout rate, Wild Casino features a payout rate of 95%, beautifully complimented by its quick payout time of 1-2 working days. We didn't rank Wild Casino as the very best high payout casino in Canada for nothing!

Pros –

• Amazing Payout rate
• Authentic Live Casino Games
• Quick withdrawals

Cons –

• High Wagering Requirements for Bonuses

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2. Las Atlantis  –  280% Bonus Up For Grabs

Gracing players' eyes with a user-friendly interface featuring beautiful visuals of that underwater theme we all know and love, Las Atlantis takes the 2nd place on our list. You can easily find all your favourite slot and table games on this high payout casino, boasting over 200 games including blackjack, poker, a variety of slots, a live dealer casino, and a handful of specialty games. The range of games offered by Las Atlantis may be on the limited side, but leave it up to them to put an emphasis on quality over quantity!

As for bonuses, this casino makes sure to treat new players to some of the best and most lucrative deals imaginable. While Atlantis may be long gone, the treasures themselves can be found within the bonuses of this amazing casino. Las Atlantis offers players seven possible different welcome bonuses, which can be redeemed through promo codes.

These deals are extremely lucrative and offer players the chance to expand their deposits greatly, so long as the wagering requirements are all met. The most notable deal in this bundle of bonuses, is the first one, that being the 280% slots bonus, which gives newcomers a multiplier of 280%, with a ceiling of CA$1,000.

The Real Kicker? This can be redeemed five times, meaning you can make a maximum of CA$5,000 on your first bonus alone. Pair that with the fact that one can make use of more promo code based welcome bonuses and reload bonuses, and you have yourself some of the best quality and highest profits which any punter can appreciate.

Could you expect any less from an online casino with a payout rate of 96.50?%

Pros:

• Beautiful Aesthetics and Website Design
• A long list of jaw-dropping bonuses
• Well-Made Online Slots Games

Cons:

• Limited Range of Table Games
• Limited Range of Banking Options

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3. Bodog – Old Dog, New Tricks, Top Bonuses

Bodog has been around for longer than some of the people playing on its slots. Founded in 1994, Bodog has grown into an industry-leading gambling and sports betting site. With so much skin in the game for so long, the minds behind Bodog know the casino industry like the back of their hand, and thanks to this, BoDog offers a wide and varied sportsbook as well as a top online casino, something which is ultimately proven by the Casino's 98% RTP rate.

And it is indeed a top online casino. The Selection of games isn't anything too expansive, but it's not too shabby either, with 200+ slots games, over a dozen table games and 43 live dealer games.

While the selection isn't as wide as that of other Canadian online casinos with high payout, one can still spend hours going through the different games and surely not get bored. Like Las Atlantis, there is a strong emphasis of quality over quantity.

 This online casino has four distinct bonuses which new players can make use of upon joining this high payout casino. These are the welcome bonus, the poker bonus, refer a friend bonus and Bitcoin Deposit Bonus.

While these bonuses may not be as lucrative as others mentioned on this list, they're still quite impressive, especially the refer a friend bonus, which gives you a unique bonus of 200% of your friend's first deposit, and an extra CA$25 if they apply with Crypto.

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Pros:

• Live Dealer Games are of High Quality
• Unique and lucrative Bonuses, such as the refer-a-friend-bonus
• Trusted Casino Brand

Cons:

• Limited Selection of Games
• Restricted in the U.S

4. Lucky Block – Efficiency and Unique Cashback Deals

LuckyBlock's online casino presents us with a different type of casino, that being casinos based mostly on cryptocurrency, rather than on Fiat Money. This is the first Crypto-Based online casino on this list, and while it may not be the last one which we'll be reviewing, it takes the top spot for the best crypto-casino on this list. What makes it so special you may ask?

Well, the first thing to note is the game selection offered by Lucky Block, which is also one of the highest on this list. Their online slots selection is extremely expansive, with the number of games being around 5,000 and their live dealer section offers a wide range of table games to try. One of their few drawbacks would probably be their overall lack of table games to play. Apart from this, the crypto games themselves are extremely fair and profitable, illustrated in the high payout casino's impressive 96.50% RTP rate.

One thing which one can note about this casino, is the extremely fast sign up feature. This is due to the lack of a KYC feature which most Canadian high payout online casinos tend to employ. KYC acts as a way for verification of one's identity but Lucky Block speeds up this process heavily, to the point that you can have an account ready within less than a minute.

The Final area I'd like to point out is the notion of fast payouts, which is another aspect synonymous with crypto-based casinos. One can benefit from being able to instantaneously withdraw their winnings thanks to the crypto-based currency the casino employs.

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Pros

• Over 5,000 amazing casino games
• Easy and Quick Registration Process
• Fast Payouts
• Cashback Bonus

Cons

• No Fiat Money Options

5. BC.Game – 270% Bonus of Up to 20,000BCD

What sets BC.Game apart from other high payout online casinos on this list, is the idea of the casino having its own currency, something not usually seen within many online casinos in Canada. BC.Game sports a strong payout rate of 93%, making it extremely profitable for gamblers to use this casino.

Previously, I had mentioned that Lucky Block has one of the highest numbers in terms of games and game selections, but BC.Game overshadows this, by having 2,000 more games, from slots to live dealer games. That means that BC.Game sports a whopping 7,000 different games within its portfolio, an impressive amount. One can also note that the casino employs around ten of the best software providers such as Betsoft and Habanero games, meaning that the roster of online casino games offered is of the highest quality.

Large deposit bonuses are available to Casino customers, with the first deposit bonus having a multiplier of around 270% and a maximum ceiling which reaches a whopping CA$20,000, provided in BCD, the casino's requisite currency.

One can also note the large number of different types of crypto which one can deposit and withdraw with, making sure that all crypto enthusiasts are well-catered for.

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Pros 

• High Amount of Slots Games
• Extremely Short Payout time
• Profitable Promotions

Cons

• No Options for Fiat Money
• May Be Difficult to Browse for Specific Games

6. MyBookie – 150% Up to CAD$750 Ripe for the Taking

Established under the Curacao gaming authority, MyBookie is another prominent online casino with great titles under its belt, a top sportsbook and overall efficient payout rates, which are at around 96% and take around two days overall to be deposited into one's account.

MyBookie has a sizable portfolio, especially for an online casino which doubles as a sportsbook, with three hundred games under its belt. These games have all been developed by some of the best developers in the market such as the previously mentioned Betsoft, who developed the many slots games on the casino, as well as the company Nucleus, who is credited for the creation of this casino's table games.

One thing to note is that this online casino has a page dedicated to payouts, where upon clicking, one can find some of the top payout games which the casino has to offer, thereby putting an overall precedent on the notion of high payouts within the casino.

The bonuses are also quite impressive, with the most notable one being the main deposit bonus, offering players 150% on their first deposit, with a ceiling of CA$750. Apart from this, this online casino offers both weekend reload bonuses, as well as free spins every week.

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Pros:

• Appealing design with an emphasis on high payout games
• Low Waiting times for payouts
• Lucrative Welcome Bonus

Cons:

• Lacklustre customer support

7. BetOnline – A Maximum of CA$3,000 for Online Gamblers

With a payout rate of 95%, BetOnline is well worth the price of admission. This high payout casino and sportsbook has been in operation since 2004, and sports a Curacao gaming Licence.

The great minds behind BetOnline are veterans of the online casino sector. Knowing this, one can put their mind at rest and know that they'll be taken care of within this casino, which can cater to the needs of any prospective gambler due to their wide variety of games, and lucrative bonuses.

Betonline has around 500 games, all curated by some of the best developers in the market, such as MicroGaming, Dragon gaming, and of course, BetSoft to name a few. One can enjoy some amazing live dealer games, as well as slots games and table games thanks to the expert development and curation of these titles.

The bonuses are quite illustrious and while they may have competition to other bonuses on this list, they still offer some exceptional bonuses and extra cash with which they can gamble. On a player's first three deposits, they can enjoy a bonus 100% on their first three deposits, with a ceiling of CA$1,000.

Monthly reload bonuses are also offered to crypto players, giving them around 35% of what they put in, with a limit of CA$350. This makes the casino accessible and appealing to those who prefer to use crypto.

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Pros:

• Tournaments are extremely Competitive
• Great Selection of Slots Games
• Great Customer Support for Players

Cons:

• Does not Have a VIP or Rewards Program

8. El Royale Casino – A Beautiful Mix of Style, Substance and Significant Bonuses

The El Royale Online Casino is another visually striking online casino, with artwork reminiscent of older films such as the Sean Connery Bond films, or the 1942 Classic Casablanca. The Classy artwork, paired with the beautiful colour scheme creates a beautiful optical amalgamation which most players will love.

But visuals aren't the only quality aspect of this high payout casino, as it has a great bonus rate of around 96% and 24-72 hour payout time. You can expect top quality in regards to the payouts of this online casino.

The Casino has a modest catalogue of games, similar to BoDog and Las Atlantis, but like with those high payout casino sites, one can find great nuance and quality within each individual game. The Casino has around a hundred and fifty slots games, as well as some table games. The Live Dealer games are a bit more expansive, with more choices and highly trained casino dealers being available.

El Royale's bonuses are perhaps the highlight of this high payout casino. One can benefit from a multitude of different bonuses from this casino, the most notable of these being an extremely lucrative 250% with a ceiling of up to CA$2,500 on the first five deposits made within the online casino.

 Visit El Royale Casino

Pros:

• Amazing Visuals
• Low Waiting times for payouts
• Good range of Payment Methods

 Cons:

• Low Range of Games

9. BUSR.AG – Up to CA$2,000 in Bonuses

BUSR is another Sportsbook and Online Casino, Similar to BC.Game in regards to its rewards and promotion of Crypto currency. However, BUSR is a top choice for anyone looking to gamble in any currency. Licensed in Curacao and available to gamblers within a number of regions, such as Canada and the U.S, this online casino is one which can stand on its own two feet, thanks to its wide range of games and impressive bonuses.

The games offered by BUSR are sure to satisfy any seasoned or novice gambler, as they have all been developed by some of the top software providers. Once again, the quantity is lacking within this online casino, with only around 200 games in total, but all of these games have been carefully made, and exhibit top of the line graphics and audio quality.

One thing to note, is that this online casino primarily uses Betsoft, in its fourth appearance on this list, for its carefully curated list of slots games which are sure to enrapture and gambler looking for a good time. Players can also enjoy some well-made table games, as well as live dealer games. While this High Payout Casino may not have as much range as one would hope, they can still find quality within its games.

And of course, how can one forget the great deals, where one can make up to CA$750 on their first deposit only. One should expect nothing but the best from this casino.

Visit BUSR

Pros:

• High Payout
• Wide Range of Games with Betsoft as a Provider
• Efficient Customer Service

 Cons:

• 40x Wagering Requirement in regards to welcome bonuses.

10. Super Slots – Bonuses Galore!

Our Final choice for this list is a newer casino, only being established in 2020 and holding a Panama gaming licence. Despite its overall young age as a casino, this high payout casino has some great games for any gambler to enjoy.

The casino has a good number of games, with a particular focus on table games such as blackjack and baccarat. This is not to say that the slots are lacking within this Online Casino, as one can find around 450 slots, all of which exhibit visually appealing aesthetics and quality sound effects. The game roster is ever-changing with super slots, making sure players always have something new to come back to.

Super Slots is well known for its many bonuses. If you exclude tournaments and progressive jackpots, one can find around eight bonuses which one can redeem. This makes super slots the casino with one of the highest amounts of bonuses on this list, along with Las Atlantis and El Royale.

Visit SuperSlots

Pros:

• Extremely Helpful 24/7 Customer Support
• Highly Well-Made Games
• High-Quality Aesthetics and User Interface

Cons:

• Mobile version leaves a lot to be desired

FAQ

What Are Payout Rates in an Online Casino, and How Are Payout Rates Calculated?

The proportion of money returned to players compared to how much they have bet at the casino is known as the "payout rate". All of the games on a casino's site contribute to the sum of a payout rate.The higher the payout rate, the higher the chance of winning.

Which is the Best Casino in terms of payout rates?

Throughout our research we've found that Wild Casino's high-quality games make it a top contender for the title of " best high payout based casino." Las Atlantis, El Royale, Super Slots, MyBookie, and BetOnline are a few more top picks.

Which Casino Games Have The Best Payouts?

When it comes to individual casino games, which have the highest and overall best payouts, the highest winning potential may come from table games. Games such as Baccarat, Blackjack, and Poker have relatively low house edges, with the highest RTP for these games being around 97%.

Comparing Different Payouts in Online Casinos

How Does A Payout Percentage Work?

The Payout Percentage within an online casino is the amount won back by players compared to the total amount which has been wagered. A high RTP within a casino is a sign that it is a popular one amongst punters, and is usually a green flag when choosing an online casino.

In certain cases, the payout % may be used just for certain games such as within table games. Oftentimes, designers may advertise a potential payout percentage rate for a certain casino game, which is based on the gameplay itself.

Are These Casino Sites Legal?

When it comes down to looking at the legality of these online casino sites within Canada, one can put their minds at ease as these sites are all legal. The legality of these sites stems from their gaming licence, which is given to them from different gaming authorities around the world, such as the Malta Gaming Authority. Thus, offshore operators may welcome Canadian players without worrying about running afoul of any jurisdictional laws, and there is still a notion of regulation, so you needn't worry about safety within this casino.

Payment Methods found within Online Casinos

When it comes to how one can Deposit and Withdraw money within Canadian online casinos, there is no shortage of different ways. However, what sets these types of payment apart from one another and are they similar in nature or inherently different?

Fiat Money

Fiat money is the most well known way in which we make purchases, and within online casinos, usually regards credit cards, bank transfers, and cheques by Courier. Due to their familiarity with players, they are extremely user friendly.

Cryptocurrency

Cryptocurrencies are becoming extremely popular within online casinos according to this page about high payout casinos on Business 2 Community Canada, to the point that some online casinos are solely adopting cryptocurrency. They provide the anonymity of a separate, decentralised blockchain while retaining the complete security of a regular bank, while ultimately, cutting out the middleman. The top Bitcoin casinos have been making major waves within the online casino sphere, due to their higher bonuses and low waiting time.

E-Wallets

E-Wallets like Neteller and Skrill are some of the most popular electronic payment systems nowadays. Similarly to crypto, E-wallets are becoming quite popular with the online casino sector, though not as much as cryptocurrencies.

Comparing the Withdrawal and Deposit Methods of Casinos with High Payouts

Within online casinos, there exist a number of different deposit and withdrawal methods which one can make use of. These vary from casino to casino, and below are some comparisons of which online casinos use which deposit and withdrawal methods and how they may differ.

Deposit Methods

Below is a table with our top 10 casinos and the payment methods they allow for players to place deposits on the site;

Withdrawal Methods

Now it's time to check out the table with our top 10 casinos and the payment methods they allow for players to place withdrawals;

How to Sign Up to An Online Casino?

The registration process at the best casinos usually takes no more than 30 seconds. We'll walk you through the signing up process as well as how to make a deposit. We'll be using Wild Casino, our highest payout online casino, as an example, but the process is the same at all of the casinos recommended on this list

Step 1 – Click "Join Now"

In order to join Wild Casino, just go to the site using any mobile device or computer and then click the "Join Now" icon on the upper right.

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Step 2 – Input Your Personal Details

After clicking the join in button, you'll be redirected to a page to put in your details. Make sure to be truthful with your online casino, as any false identification will constitute fraud, and the casino may shut down your account.

There is a section on the right dedicated to deposits called "Cashier". From here you can choose your method of depositing and put in the desired amount into your account. After making said deposit, one can benefit from the generous deposit bonuses which may be granted by this online casino.

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Which are Some of the Most Popular Types of Bonuses which May Exist within Online Casinos?

Deposit Bonuses

For the most part, these are the bonuses offered by casinos with the highest payout percentages. The amount of the deposit bonus is proportional to the first deposit. While most gambling sites provide a 100% match, others go as high as a 200% bonus for new players.

To give you an idea of how deposit bonuses work, say an online casino has a deposit bonus of 50%, and I choose to deposit CA$150.

I have CA$150 + (150 x 50%)

CA$150 + CA75$

So thanks to the deposit bonus, I now have CA$225 to gamble with.

Some online casinos even tend to favour cryptocurrency. A new player at Wild Casino may get a 250% match bonus when using a credit or debit card, or a 300% match bonus while depositing cryptocurrency for the first time.

No Deposit Bonuses

No Deposit Bonuses essentially give players reward without them needing to place an initial deposit. These include cash back on losses, comp points, or even free spins.

Some Final Thoughts: Which is The Best Payout-Based-Casino Site

We've looked far and wide for some of the top online casino sites with the best payouts for players, and through our research, we've found that Wild Casino is the magnum opus in regards to high payouts. From its wide range of games to its lucrative bonuses it ticks all the boxes of what is required out of a high-quality high payout online casino.

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