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What is a payout rate?
Written by: Lauren Le-Hair - Slots Expert | Last Updated: January 9, 2024
The payout rate (also known as the RTP or return to player value) for an online slot measures how much money you can expect to win from playing over a long period of time.
Payout rates are often listed as a percentage. For instance, if an online slot has a payout rate/RTP of 97.50%, you can expect to win an average of $97.50 from every $100 that you wager on the reels. While the payout rate for online slots can range anywhere from 88% to 99%, the average RTP is approximately 96%. Slots with a RTP above this are sometimes referred to as ‘loose’.
You’ll find slot games of varying RTPs at the best Canadian online casinos. Casinos that are licensed by reputable gambling regulators – such as the sites recommended on this page – are required to display the payout rates for their slots. Many regulatory authorities also require casinos to abide by a minimum average RTP, such as the AGCO.
How is RTP calculated?
Calculating the RTP for an online slot game is more straightforward than you might think. Simply put, you divide the amount of money won on the slot by the total amount wagered.
Instead of being calculated by player-led spins and payouts, the RTP percentage is determined by computer algorithms that spin the reels millions of times over a short period. These algorithms produce the most accurate measure, with games that pay out money more often obtaining a higher RTP value than those that don’t.
Trustworthy third-party testing agencies assess the games, software, and RNG technology at our recommended casinos, meaning you can gamble with confidence.
Is there a difference between payout rate and RTP?
No, the payout rate and RTP for an online slot game essentially mean the same thing – how much money players can expect to win from playing it on average. The main thing to remember is that this is calculated over millions of spins (or rounds).
Ultimately, online slot machines are games of chance, meaning while slots with a higher RTP offer better odds on paper, you’re not guaranteed to win more money from playing them.
Top 20 slot games for best payouts
If you’re wondering which online slots have the best payout rates, look no further! We’ve highlighted the top 20 slots with the highest RTP available to play at our top-rated online casinos in Canada below.
Aside from boasting generous payouts, these games are also some of the best slots to play, due to their exciting features and immersive gameplay.
Slot games | Provider | RTP |
---|---|---|
Ugga Bugga | Playtech | 99.07% |
Book of 99 | Relax Gaming | 99.00% |
Ed Jones and TBOBXD | Spinmatic | 99.00% |
Shang Dynasty | YoloPlay | 99.00% |
All Ways Fruits | Amatic Industries | 99.00% |
Monopoly Big Event | Barcrest Games | 99.00% |
Ultra Fresh | Endorphina | 99.00% |
Mega Joker | NetEnt | Up to 99.00% |
Football Star | Playtech | 98.95% |
Treasure of Tengshe | Blue Guru Games | 98.94% |
Jackpot 6000 | NetEnt | 98.90% |
Magic Garden 10 | SmartSoft Gaming | 98.90% |
Gold Digger: Mines | iSoftBet | 98.88% |
Pixies of the Forest II | IGT | 98.83% |
Magic Forest | Caleta Gaming | 98.75% |
Heroes Empire | Caleta Gaming | 98.60% |
Fruit Revenge | PlayBetter Gaming | 98.55% |
1429 Uncharted Seas | Thunderkick | 98.50% |
MoonStone | SmartSoft Gaming | 98.50% |
Monkeys vs Sharks | World Match | 98.48% |
Which slots pay out the most?
1. Ugga Bugga | Playtech | 99.07%
Taking the top spot on our best RTP slots list is Playtech’s 2006 release Ugga Bugga. Boasting a very generous payout percentage of 99.07%, this jungle-themed title sees you enter the wilderness, in which you need to create winning combinations from tropical fruits and ornate tribal relics for the chance to win up to 1,000x your stake. The low volatility also ensures the 3x10 reels award frequent payouts.
2. Book of 99 | Relax Gaming | 99.00%
Embark on an exciting Grecian adventure full of courageous heroes and mythical monsters in Book of 99. Another brilliant addition to Relax Gaming’s ‘Book of’ series, this 99% RTP slot features a range of in-game bonuses, top-quality graphics, and high volatility, making it perfect for high-stakes gamblers. You can win up to 5,000x your stake from bets starting at just $0.10 per spin.
3. Ed Jones and the Book of Bastet Xtreme! Deluxe | Spinmatic | 99.00%
The fearless explorer Ed Jones takes you on a thrilling escapade in the Book of Bastet Xtreme! Deluxe, produced by Spinmatic. Set in the heart of a long-abandoned temple, the reels are adorned with artifacts, including the Book of Bastet itself, which serves as both the wild and scatter. With a top payout of $10,000 and the chance to risk double or nothing on every payout, there is plenty of incentive to take advantage of the 99% RTP.
4. Shang Dynasty | YoloPlay | 99.00%
Travel back in time to the captivating and colourful kingdom of ancient China in Shang Dynasty, a 99% RTP slot by YoloPlay. On reels overlooking a cherry blossom garden, you need to line up traditional Chinese symbols while utilising the win both ways reels and in-game bonuses such as the dragon wild. A top prize of 3,000x your bet awaits the luckiest players, while the betting limits of $0.20 to $100 per spin should suit all slots fans.
5. All Ways Fruits | Amatic Industries | 99.00%
If you want to hit the reels of classic-style slots boasting a high RTP, look no further than All Ways Fruits. The Amatic Industries title has a 99% RTP, simple yet fast-paced gameplay, and wild multipliers that automatically double your payout. There are 243 paylines available on every single spin, and you can also gamble your winnings for the chance to land bigger prizes.
6. Monopoly Big Event | Barcrest Games | 99.00%
Slots and a world-famous board game combine in Barcrest Games’ Monopoly Big Event, which has an RTP of 99%. The 5x3 reels feature familiar symbols, including the car, dog, battleship, and of course, Rich Uncle Pennybags himself. More importantly, you can pass Go with plenty of in-game bonuses, including Dancing Wild free spins, the House Sneak mini game, and Big Event bonus for the chance to win up to $250,000.
7. Ultra Fresh | Endorphina | 99.00%
Ultra Fresh offers a modern upgrade on traditional online slot machines. Berries, cherries, and lemons are among the fruity symbols on this 99% RTP game produced by Endorphina, which has a massive top payout of 75,000x your bet. Certain symbols such as melons and raspberries can provide instant 2x multipliers, while the gamble feature offers the chance to boost your prize by up to 64x on every winning spin.
8. Mega Joker | NetEnt | Up to 99.00%
Experience the excitement and atmosphere of Las Vegas in NetEnt’s Mega Joker. This 3x5 slot not only has a 99% RTP, but a progressive jackpot that offers a four-figure top prize. While the graphics are reminiscent of classic brick-and-mortar slot machines, Mega Joker offers several innovative features including wilds, mystery wins, and treasure chests for truly exhilarating gameplay.
9. Football Star | Playtech | 98.95%
It’s time to show off your soccer skills in Playtech’s Football Star, a must play for lovers of both slots and sports. The 98.95% RTP slot features 243 ways to win and a top prize of 500x your bet. Other exciting features include stacked wilds, free spins with a progressive multiplier, and cluster pays. So you’ll have plenty of chances to score big wins before the referee blows the final whistle.
10. Treasure of Tengshe | Blue Guru Games | 98.94%
Are you ready to help the dragon Tengshe uncover its long-lost treasure? In this 98.94% RTP release by Blue Guru Games, you need to land winning patterns of symbols on the 5x5 grid. In-game bonuses include expanding wilds, wild multipliers, and free spins with sticky wilds, which can combine to help land the maximum win of 4,190x your stake. Complete with eye-catching graphics and immersive gameplay, the 2022 title offers an original take on the slot trope of the far east.
Top casinos with the best payouts
While knowing the online slot games with the best RTP comes in handy, not all slots are available to play at every top online casino. That’s why it’s also important to consider the online casino’s payout rate. This is the amount of money a casino pays out relative to wagers placed by players across its entire game collection.
Here are the top five casinos in Canada we recommend with the best payout rates:
Casino | Payout rate | Rating |
---|---|---|
🥇Spin Casino | 98.65% | 4.9⭐ |
🥈JackpotCity Casino | 98.46% | 5⭐ |
🥉Betway Casino | 98.28% | 4.7⭐ |
Europa Casino | 98.15% | 4.1⭐ |
Royal Vegas | 97.95% | 4.5⭐ |
Progressive jackpot slots with the best payouts
If you enjoy trying to land the biggest prizes when you hit the reels, you may want to check out the progressive jackpot slots with the best RTP. A progressive slot with a high payout rate doesn’t mean that you’re more likely to hit the jackpot, but you can expect to win more money on average as you play.
As progressive jackpots often offer among the biggest prizes available at a casino, many of them have an RTP below the online slots average of 96%. However, there are still plenty of fun progressive slots with great payout rates that you can enjoy. Here are the top five available at casinos in Canada:
Slot game | Provider | RTP | Max. jackpot |
---|---|---|---|
Mega Joker | NetEnt | Up to 99.00% | $1,000+ |
Pixies of the Forest II | IGT | 98.83% | $1,000+ |
Pumpkin Patch | Habanero | 98.18% | $2,500+ |
Hot Hot Fruit | Habanero | 98.05% | $2,500+ |
Panda Planet | Arrow’s Edge | 98.03% | $1,000+ |
Best payout slot themes
Online real money and free slot games come in various themes. From ancient kingdoms to futuristic sci-fi themed games, the possibilities are endless. Whatever your preference, you can check out some of the highest payout online slot machines with exciting themes below:
Slot game | Provider | Theme | RTP |
---|---|---|---|
Tesla | Relax Gaming | Science | 98.09% |
Pogo’s Circus | Espresso Games | Circus | 98.07% |
Jewel in the Crown | Barcrest | Royalty | Up to 98.00% |
Ghostbusters | IGT | Paranormal | Up to 98.00% |
Desert Gem | Kalamba Games | Goldmine | 97.97% |
Lady Pirate | Play Labs | Pirate | 97.87% |
Armour Crisis | Dream Tech | Futuristic | 97.80% |
Good Girl Bad Girl | Betsoft | Hellish | 97.79% |
Gypsy Rose | Betsoft | Magic | 95.86% |
How to find the best payout slot games
Finding the payout rate of a slot game is easy, as regulated online casinos in Canada are required to display the RTP for their slots. They may list this on a dedicated slots page, or in the preview information which can be found when you click on or hover over the game.
If a casino doesn’t provide the RTP for a slot for any reason, you may be able to access this information within the game itself via the help section. Alternatively, if you know which software provider produced the game, many provide RTP details for every slot they have released on their website.
What does volatility mean for online slots?
While the payout rate for an online slot game confirms how much money you’re expected to win from playing it on average, the frequency and size of your payouts are determined by its volatility. Every slot game has a volatility rating that generally falls into one of three categories: low, medium or high.
A slot with low volatility generally awards frequent but small payouts, whereas a slot with high volatility pays out infrequent but large amounts, and a slot with medium volatility falls somewhere in between.
Many players choose to play slots with a high RTP and low volatility, as theoretically, these are more likely to produce winning spins. High rollers sometimes prefer slots with high volatility, so they can capitalize on the chance to land bigger wins from large bets.
Tips to maximize your winnings on online slots
If you want to put yourself in the best possible position to win money from playing online slots, there is more you can do than simply playing games with high payout rates. While the use of RNG (random number generator) technology means that you have no control over the outcome, there are tips to follow that will help you get the most out of your bankroll:
- Set and stick to a budget. Managing your bankroll is a simple and effective way to prevent steep losses by ensuring you never gamble more than you can afford.
- Check the volatility. Always review the volatility, so you know whether to expect small and frequent or big and rare wins when spinning the reels.
- Use casino bonuses. Claiming promotions such as free spins and no deposit bonuses is an easy way to make your money last longer while playing. Many online casinos offer slot-specific bonuses to both new and existing players.
- Play the game in demo mode. If you’ve never played a slot before, try playing in demo mode first. That way, you’ll be familiar with the gameplay, mechanics, and any bonuses or features before you wager real money.
- Keep your options open. You aren’t guaranteed to win lots of money by playing slots with a high RTP. If you’re not enjoying your time on a certain slot, feel free to switch to a different game.
Casino bonuses for online slots
One way to get even more bang for your buck when playing online slots with the best payout rates is to claim casino bonuses and promotions. These can help you take advantage of great RTP rates by offering you more spins on the reels for less money. Here are common casino bonuses that you can use on online slots:
- Free spins: These give you a specified number of spins worth a set value that you can use on online slots free of charge.
- Deposit match: Some online casinos match your deposit with bonus funds, essentially giving you double the bankroll to use on slots.
- No deposit bonus: No deposit bonuses allow you to claim free spins or extra cash without having to deposit or gamble any money whatsoever.
FAQs
For online slots, the RTP (return to player) percentage refers to how much money the game will return to the player on average across a long period of time. For example, if an online slot has a 98% RTP, you can expect to win an average of $98 for every $100 you wager.
About the writer
Coming from a strong media background, Lauren has been working in the iGaming industry for a while. She graduated from university with a Bachelor of Arts in Media Production. Since then, she’s gained considerable experience and knowledge of Canada’s online casino market.
She combines her passion for writing and love of casino games. Lauren’s a keen blackjack player, yet she also loves spinning the reels of thrilling online slots in her spare time.