Best Payout Online Slots in Canada 2023

What to consider when choosing the highest payout slots?

Most experts agree that the highest payout slots offer increased likelihood of landing a winning combination. However, players should understand that RTPs are averages, and even the top paying games will result in periodic losses.

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Posted on 2021-07-23

ExyCasinos

Grace Gotch

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Players can lookup newly released slots, which tend to have higher payouts than older games that featured RTPs closer to what’s available in brick-and-mortar casinos.

Alica Peter

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No single casino game is the best for all online Canadian punters. As such, you should consider finding high payout options that you enjoy playing.

Charlie Hogben

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The best paying online slot games also offer premium graphics and advanced gameplay features. They should be compatible with modern devices, including Android and iOS.

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🎲 Top 5 best paying online slot games in Canada

Finding the best paying online slot games in Canada shouldn’t be a daunting task. You can type ‘highest RTP slots Canada’ on your browser to pull up a list of the highest paying options. However, you’ll need to review each option to find your favourite game. Our team went through all games available for Canadian punters and identified the best as shown below.

1. Goblins Cave from Playtech (99.32%)
2. Ugga Bugga from Playtech (99.07%)
3. Monopoly Big Event from Barcrest (99%)
4. Ohh Ahh Dracula from Barcrest (99%)
5. Mega Joker from NetEnt (98.90%).

Slots with the highest RTP percentage aren’t necessarily the best. Players should review all aspects of the game, including security, gameplay, betting limits and features to determine if it suits their gambling style. It is also crucial to play on reputable casinos.

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🎁 RTP explained

RTP is a percentage calculated over thousands of spins. It is an average payout that never reaches 100% because casinos have to make a profit. A game with a 95% RTP will payout from a 0 bet, which means the casino has a house edge of 5%. However, RTP is an average that accounts for all wins and losses. As such, the game can pay way more than from your 0 bet. Some offer up to 50,000 times your bet, although you could just as easily lose money.

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💡 Types of variance

Variance or volatility is another crucial aspect to review when looking for top paying online slots. It basically refers to payout frequency, or how often the game results in a winning combination and the total amount awarded. Variance is mostly used with regards to jackpot payouts and there are three main categories of variance as shown below.

• Low Variance – These games offer frequent wins with low payouts.
• High Variance – These ones pay less frequently but you stand a chance to walk away with life-changing wins.
• Medium Variance – These machines offer average winning frequency and a combination of low and high payouts.

Winning Combination

Used in reference to slot games symbols. Most slots require at least three symbols of the same kind to win something from the paytable.

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💸 The house edge explained

All casino games feature a house edge, which simply refers to the profit a casino will make from that game. For instance if a game has a 90% RTP, you stand to win back from a 0 bet on average. The will go to the casino. You can calculate slot house edge by subtracting the RTP percentage from 100%. If a game has a 4% house edge, the RTP is 96%. Here are some popular casino games with low house edges.

1. Blackjack – Has the lowest house edge
2. Craps – Theoretically returns 100% to the player
3. Poker (Texas Hold’em) – Returns 99.6%
4. Video Poker – Offer RTPs above 99%.

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📝 Loosest slots

A loose slot is one that pays a lot. The loosest games often have high RTPs, but the payout percentage isn’t enough to qualify a game as loose. The loosest slots offer huge payouts and provide winning combinations more frequently, so you have a big chance of winning something back. Mega Moolah, Gladiator, Gold Fish, and Cleopatra are some of the loosest slot games you’ll encounter online but many others can qualify as loose.

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🚀 Best RTP slots by software providers

There are hundreds of software providers powering casino lobbies in Canada. Some, like Microgaming, have close to a thousand unique titles for players, while others are just getting started. Slot providers offer games with different RTPs, so you can find one game with a high payout and another with a low payout, all from the same developer. Our experts reviewed different game providers in Canada and calculated the average return to player from their library of games. Below are three providers with the best payout slots online.

• NetEnt – At 96.51%, NetEnt leads the pack and offers the best paying online slots. Most games from the provider have RTPs between 96% and 98%.
• Play’n Go – This is another player-friendly provider with payouts averaging at 95.59% and some titles like Wizard of Gems offering more than 97%.
• NextGen – Trailing Play’n Go closely, NextGen is third in the list of providers with the best slots payout. Its games average at 95.51% RTP

The highest RTP slots don’t always provide the biggest payouts. If you are looking for massive life-changing wins, you should consider playing progressive jackpots, which offer lucrative seed prizes and grow to millions of dollars.

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🔔 Progressive jackpots

Progressives are the best paying slot games you’ll encounter in Canadian casinos. These games feature a specified prize that grows every time you play and fail to win. Some are networked, so you can end up winning thousands or even millions if you are lucky to bag the jackpot. Currently, Mega Moolah from Microgaming holds the record for the highest payout ever made from a slot game. Our team also identified other top paying progressive jackpots as shown below.

1. Mega Fortune from NetEnt
2. Arabian Nights from NetEnt
3. Mega Moolah from Microgaming
4. Mega Fortune Dreams from NetEnt.

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❓ FAQ

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🔈 Players reviews

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