Best Payout Slots

Discover the best payout online slots in Canada!

If you’re serious about playing slot machines for real money, then this guide to the highest payout online slots for Canadian players is for you!

Check out these online slots with the best payouts in Canada

Top 7 Best Payout Slots in 2022

For your convenience, we’ve listed the 7 best payout slots that award the biggest payouts to lucky winners, and which you can easily find at Canadian online casinos. These figures are declared by the slot provider and are normally indicated by an amount and the multiplication symbol (x), to indicate how many times your stake you can win

1. Dead or Alive 2 – 100,000x

NetEnt’s recent sequel to its mega-popular Dead or Alive pays out a whopping 100,000x to the player who gets really lucky during the High Noon Salon free spins round.

We love Dead or Alive 2 for the fact that you can get pretty good payouts throughout, and because it comes with a choice of 3 free spins rounds with different levels of volatility, to suit different player tastes!

Dead or Alive 2 Slot
Dead or Alive 2 Slot

2. Who Wants to Be a Millionaire Megaways – 50,000x

A branded title based on the British TV show, this game lives up to its name with its high payout potential!

Who Wants to Be a Millionaire comes with expanding reels which can offer up to 117,649 ways to win, as well as a Hot Seat Free Spins bonus round with a gamble feature.

Players can win a top prize of 1 million British pounds from this slot if they wager the maximum bet of $33.

Who Wants To Be A Millionaire Slot
Who Wants To Be A Millionaire Slot

3. Shamrock Holmes Megaways – 28,000x

Shamrock Holmes Megaways is a new Megaways slot released in 2021 by Microgaming and offers a max payout of 28,000x your bet. The game follows a detective Leprechaun searching for his pot of gold, with fairy and clove symbols to go along with the mystical theme.

It was one of the very first slots Microgaming launched that actually had the Megaways feature, so it was a hit right away amongst players.

4. Extra Juicy – 60,000x

Extra Juicy might be more of a classic slot, however, the max payout is one of the best. Designed by Pragmatic Play, Extra Juicy is a simple fruit slot with minimal features and a payout of 60,000x your wager.

This game has made out best payout slots list because of its simplicity, fun features, and high max payout.

5. Book of Kingdoms – 20,000x

Book of Kingdoms was launched by Pragmatic Play in 2020 and offers a max payout of 20,000x your wager. This might sound like not much compared to the other slots listed above, however, a $5 wager would still potentially get you over $100,000 with this payout!

The slot symbols include a lady with a snake, a Sultan, and a dapper-looking man. There’s also a free spins feature and a bonus game!

6. Fruit Shop Megaways – 20,000x

Fruit Shop Megaways by NetEnt is one of the most popular best payout slots and can be found at almost every online casino that accepts Canadians. The game has a max payout set at 20,000x, which is a very common payout rate throughout our list.

Fruit Shop Megaways is a spin-off of the original Fruit Shop slot. The game has a number of renditions, including a Christmas-themed slot: Fruit Shop Christmas.

7. Emerald King: Rainbow Road – 20,000x

One more Leprechaun-themed best payout slot! Emerald King: Rainbow Road by Pragmatic Play was launched in 2021 and quickly became a player favourite. Land the Rainbow Road symbols and you could be looking at a max payout of 20,000x your bet.

It might look like a simple slot, but on top of offering one of the best payouts on our list, it also features a fun bonus game, multipliers, and free spins.

What makes slots the best payout slots?

This is where it gets tricky. Although the best payout online slots can offer the biggest payouts to lucky players, this alone doesn’t necessarily make them the best payout slots.

This is because how rewarding a slot is in the long term also depends on other factors, such as its features and the frequency of payouts. 

If you intend to play online slots for real money, it’s worth taking the time to identify the most rewarding ones, and this is exactly what we aim to help you with thanks to our best online slots Canada guide.

For more detailed information on the best slot strategy, we also suggest you also check out our guide on how to win at slots here.

Let’s start by listing the aspects that characterize slot games with the best payouts:

Ideally, the slots you play for real money will meet all of the above criteria. Canada Casino will now look into each one in more detail to help you make informed choices.

A high RTP

RTP, or Return to Player Percentage, is the percentage amount which a slot is expected to pay back to players (i.e. the percentage of winnings).

RTP is the very opposite of house edge so a slot with a high RTP is also one with a low house edge. The rate is calculated over millions of test rounds and has to be made known by the slot developer.

The best payout online slots will typically come with an RTP of over 96%, though you’ll find plenty of slots with a higher RTP!

Players must keep in mind that if a slot has an RTP of, say, 96%, it doesn’t mean that they will win $96 for every $100 they wager.

This is a theoretical rate that only applies over millions of rounds. In reality, it is possible that you will lose or win more. Otherwise, what sense would it make to play an online slot if there’s no real chance of hitting a huge win

A good hit frequency

Slot hit rate or hit frequency is another factor to consider if you’re looking for the highest payout online slots in Canada to play for real money.

Hit frequency refers to how often a slot pays out, i.e. how many winning spins you can expect. This is also expressed as a percentage. For example, in the case of a slot with a hit frequency of 25%, you can expect to get one winning spin out of every 4 spins on average.

Slots with a good hit frequency usually offer an entertaining experience, since players won’t get too bored with too many losing spins. However, hit frequency doesn’t have anything to do with how big the payouts are.

In fact, slots with a high hit frequency tend to offer lower payouts to compensate for this rate, and most payouts will be less than the original stake. On the other hand, slots with a low hit frequency tend to offer bigger rewards once you land a win.

Slot developers sometimes publish this figure on their websites or on the game info tab. Another thing to consider, and which is closely related to hit frequency, is the slot’s variance or volatility.

Different volatility = different rewards

Slot volatility or variance means how much and how often a slot is expected to payout. A slot with low volatility will involve frequent payouts, but most of these payouts will be of a low value.

Conversely, slots of high volatility typically pay out much less frequently, but the rewards when hitting a big win can be huge!

Volatility is a rather subjective aspect when it comes to slots as it depends on the level of risk you’re prepared to take.

High volatility slots can be rewarding but can also eat up your bankroll pretty quickly, whereas slots with low volatility may keep you satisfied with frequent payouts. Normally, slots with high volatility will have a higher win potential, though this is not always the case.

Our tip:
We believe that the best payout online slots will have a decent hit frequency coupled with a great win potential and that your aim as a player is to find a well-balanced slot that will reward you on a regular basis. Of course, this takes some time, but online slot reviews and game data like RTP and hit rate can be very helpful to determine whether a slot is worth playing for real money.

Latest Slots that Payout the Best

The trends seem to favour the highest payout online slots, and we’ve seen a substantial number of releases by game developers.

This has partly to do with the increase in Megaways slots, which often come with huge winning potential.

If you are always on the lookout for the latest high payout slots, we recommend checking out the below newest additions:

Best Payout Slot Providers

We know you’re anxious to explore the top 10 best payout slots, however, before we go there, we want to introduce you to the game providers best known for producing high-paying slots.

Pragmatic Play

Pragmatic Play is known for high volatility slots that are often accompanied by a massive win potential.

Their slots have exquisite and vibrant designs, together with an interesting mix of features that often include the Megaways mechanic.

Some titles by this provider are Wolf Gold, which is their most popular slot, but they are also responsible for the following games:

Microgaming

Microgaming is known as one of the giants of online casino games. They have so far released over 800 online slots, and most recently they have obtained the license for the Megaways mechanics too.

But Microgaming already has its fair share of high payout slots:

Big Time Gaming

Big Time Gaming is known for its creation of the Megaways mechanic, a feature that has taken the world by storm and become a sensation amongst both players and other game developers.

Although their games come mostly with high volatility, they also have impressive win potential. Some titles worth checking out are:

5 tips for playing Best Payout Slots in Canada

Now that we’re done with all the factors that make the best payout slots, it’s time to jump to the more practical side of things.

In this next section, we want to share with you our best tips when playing the best payout slots from Canada.

1. Choose a slot with an RTP of over 96%

An RTP of 96% or higher ensures the game has been programmed to return a decent profit to players. The best payout slots, always feature an RTP of 97% or higher.

2. Choose a game with a free spins round

The free spins round is a great way to play for free while having an increased chance of landing a substantial win.

Even better if the free spins come with special features, such as sticky wilds, extra wilds or progressive multipliers.

3. Progressive jackpot slots have higher top prizes but may payout less frequently

Progressive jackpot slots offer lower odds to land huge wins, however, the potential is there anyway.

On the other hand, if you’re after frequent wins, maybe it would be wiser to go after low or medium volatility slots, which might deliver lower, but more frequent rewards.

Slots based on blockbuster movies might be very appealing with their promise of a piece of the action. However, they tend to pay less.

Read a couple of online reviews to find out what other players think and what their experience was like before you commit yourself.

5. Look for information about hit rate and bonus frequency

Slot reviews tend to share this information, as well as, Slot Tracker.

Look for a slot with a decent RTP and hit rate, so you can have a chance to land a few wins along the way.

If these tips weren’t enough for you, CanadaCasino Youtube host Erik has more. Check out our short video below for tips on how to improve your odds when playing online slots!

Watch Erik explain how you can increase your odds at slots!

Watch Erik explain how you can increase your odds at slots!

Where to play the best payout slots

We also have a dedicated page on Best Payout Casinos – that issue not only some of the highest RTP slots but also the fastest withdrawal options in Canada for all wins you land – whether it’s a slot win, table game win or any win you land.

We have picked the top 3 casinos which issue the best payout slots

Conclusion

Top casinos in Canada operate with the best game providers. Big provider names such as NetEnt, Pragmatic Play, Microgaming and Big Time Gaming, are all gurus that provide high RTP slots with best payouts so far – landing wins through base slot gameplay, jackpots and progressive jackpots.

Frequently asked questions

When it comes to slots online, they can differ in terms of the number of winnings players can earn. There are a number of such top paying online slots in Canada, which can dish out big rewards.
The highest payout online slots can be found at all leading casinos online in Canada! Visit our website to find the best casino online for you!
Yes, all the best payout online slots can be enjoyed for free in demo mode at most online casinos in Canada.