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Canada’s Best Online Casinos for Penny Slots

BestOnlineCasinos.ca is dedicated to helping customers find the best place to play online. Your safety and well-being is a priority, which is why all of our expert casino reviews are 100% honest and unbiased, and we highlight the key terms and conditions of every casino bonus we advertise. Whilst we accept commission from the casinos on our list of recommendations, and this may affect where they’re positioned on our lists, we only recommend casinos that we truly believe are safe and fair. Of course, we can’t rate and review every casino site, but we do make sure that only the best licensed casinos make it onto our lists.

BestOnlineCasinos.ca is dedicated to helping customers find the best place to play online. Your safety and well-being is a priority, which is why all of our expert casino reviews are 100% honest and unbiased, and we highlight the key terms and conditions of every casino bonus we advertise. Whilst we accept commission from the casinos on our list of recommendations, and this may affect where they’re positioned on our lists, we only recommend casinos that we truly believe are safe and fair. Of course, we can’t rate and review every casino site, but we do make sure that only the best licensed casinos make it onto our lists.

Penny slots are a type of slot machine where players can stake 1¢ per spin. They appeal to players because they’re seemingly cheaper than their more expensive counterparts, where minimum bets might be higher.

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Sometimes the penny slots name confuses players — this lower minimum stake does not always mean cheaper spins.

This guide will explain the ins and outs of online penny slots so you’ll be able to understand exactly how much you’re spending.

Once you’re informed, use our tools to compare online casinos with penny slots.

Canada’s Best Online Casinos for Penny Slots - February 2024

icon Accepts CA Players
icon Expert Reviews
icon Mobile Friendly
icon Fast Payouts
Rank Online Casino Casino Rating Sign-up Bonus Score Key Features Sign Up Terms & Conditions
1
786 user ratings

Up to $1500

9.9
  • Fast Withdrawal Payment Methods
  • New Casino
  • Great for Live Poker and Baccarat
This promotion is available to members of Silverplay first-ever four deposits 01.09.2021 – 31.12.2023. Eligible customers are entitled to claim any of the following reload deposit bonuses, entering the corresponding bonus code with their deposit. The minimum deposit to qualify for the promotion is $20. Following a successful deposit with the respective bonus code, members will be granted with the corresponding bonus instantly. Members cannot receive the bonus if they failed to enter the bonus code with their deposit. Full T&Cs apply. 18+ Please Gamble Responsibly. Click 'Claim Bonus' to view full terms and conditions.
2
743 user ratings
Expert Review

100% Up to C$100 +C$2400

9.7
  • Brilliant Live Casino
  • Vast Array of Payment Methods
  • Generous Welcome Offer
You will receive your 100% First Deposit Bonus instantly, up to $100, as soon as you make your first single deposit of $10 or more. See full terms here. 18+ Please Gamble Responsibly. Click 'Claim Bonus' to view full terms and conditions.
3
590 user ratings
Expert Review

100% Up to C$1000

9.6
  • 3000+ Slot Games
  • Mobile Friendly
  • Casino & Sports Bonuses
1. The minimum deposit amount eligible for the Bonus is 20 EUR/CAD/BRL 2. The maximum bonus amount per deposit is 1000 EUR/CAD/BRL 3. Casino Welcome Bonus applies only to the Casino Slots. 4. Bonus will be credited to your account immediately after your first deposit. Then you should activate the bonus manually. (You should activate the bonus first and then play casino, otherwise, you will not get the bonus). Casino Welcome Bonus AND Deposit are subject to wagering requirements of 35 times. (Deposit + Bonus amount). 18+ Please Gamble Responsibly. Click 'Claim Bonus' to view full terms and conditions.
4
431 user ratings

Up to $1200

9.6
  • Large Welcome Bonus
  • Large Selection of Payments
  • Birthday Bonus Available
Only one bonus is awarded per person (e-mail or IP address), unless stated otherwise. Any bonuses are not available to players from Sweden, including participation in any kind of promotional programs, receiving VIP rewards, as well as exchange of comp points. To submit a withdrawal request, the account must be fully verified and a minimum deposit must be made. There are min and max bet limits indicated on the game icons of live dealer games. Min bet value stands for the minimum bet amount accepted in this game, while max bet refers to the table max bet which is the maximum amount of total bet that a player can make at a gaming round. 18+ Please Gamble Responsibly. Click 'Claim Bonus' to view full terms and conditions.
5
568 user ratings

100% Up to $500 + 200 Free Spins

9.5
  • Sleek Website
  • Weekly Challenges
  • Exchange coins for free spins
The maximum bonus amount is 750 CAD. The minimum deposit to receive a 100% bonus on your first deposit and 200 free spins is 30 CAD. Neteller and Skrill do not qualify for this promotion 18+ Please Gamble Responsibly. Click 'Claim Bonus' to view full terms and conditions.
6
432 user ratings

Get up to $1200 + 550 Free Spins

9.4
  • Brilliant Array of Payment Methods
  • Great for Slots
  • Lottery Available
Only one bonus is awarded per person (e-mail or IP address), unless stated otherwise. To submit a withdrawal request, the account must be fully verified and a minimum deposit must be made. There are min and max bet limits indicated on the game icons of live dealer games. Min bet value stands for the minimum bet amount accepted in this game, while max bet refers to the table max bet which is the maximum amount of total bet that a player can make at a gaming round. The maximum bet with an active bonus is 7 CAD. Minimum deposit required is 30 CAD. 18+ Please Gamble Responsibly. Click 'Claim Bonus' to view full terms and conditions.
7
147 user ratings
Expert Review

Up to C$200 + 100 Free Spins

9.3
  • Huge Choice of Games
  • Live Dealer Tables
  • Great VIP Club Perks
New players only. 19+. Min deposit $10. Wagering requirements apply. 35x. Offer valid for 72hr. 100 spins include 3 deposits. T&C apply. 18+ Please Gamble Responsibly. Click 'Claim Bonus' to view full terms and conditions.
8
89 user ratings
Expert Review

Up to C$9300 + 500 Free Spins

9.3
  • Massive Welcome Bonus
  • Bitcoin & Fiat Casino
  • Mobile Friendly
Any issued bonuses are by default limited to a maximum bet during wagering: 5 CAD. Maximum bet during real money wagering: 75 CAD. The winnings obtained by using bonuses become available for withdrawal only after meeting the requirements of all wagering rules. 18+ Please Gamble Responsibly. Click 'Claim Bonus' to view full terms and conditions.
9
189 user ratings
Expert Review

Get A 100% Matchup Bonus +50 Free Spins

9.2
  • Great for Slots
  • Lots of Free Spins Available
  • Interac Approved
New players only, $20 min fund, $200 max matchup bonus, free spin wins credited as bonus, 65x wagering requirements, max bonus conversion to real funds equal to lifetime deposits (up to $250), full T&C's apply. 18+ Please Gamble Responsibly. Click 'Claim Bonus' to view full terms and conditions.
10
172 user ratings

Get a C$5000 Welcome Bonus

9.1
  • Trophies & Promotions Available
  • Large Welcome Bonus
  • Large Slot Selection
Matchup Bonus of 200% up to $3,000 on your first ever deposit of $5 or more. Matchup Bonus of 100% up to $1,000 on your 2nd and 3rd ever deposit of $5 or more. Matchups will be awarded in Bonus funds. $5,000 max total bonus. 65x wagering requirements apply, max bonus conversions equal to lifetime deposits (up to $250) full T&Cs apply 18+ Please Gamble Responsibly. Click 'Claim Bonus' to view full terms and conditions.

Penny Slots Explained

When you play slot games, you’re betting on whether a winning combination of symbols will appear on the reels across a recognized payline. Traditional slots might have around five paylines, while video slots can have hundreds of thousands or even millions. 

The more paylines in play, the more ways there are to win with each spin of the reels; at the same time, an increased number of paylines means the game costs more for players to spin. Imagine a slot that has three active paylines with a $1 stake on each — that’s $3 per spin. 

Penny slots are named as such because the minimum stake per payline is only 1¢. If you’re new to penny slots, you might be thinking this means you can play for 1¢ per spin, but that’s not always the case. 

It all comes down to the number of paylines in place. Penny slot machines might have hundreds of paylines on their reels and a minimum or fixed number that are active. Let’s say that number is 50 — suddenly, you’re betting $0.50 per spin, since every payline requires a 1¢ wager behind it. It’s easy to get caught out because of the name, especially if you’re new to slots. 

So, does this mean penny slots are a scam? No — but players should always read the rules of any slot before they start spinning. Keeping track of your budget is an essential component of responsible gambling, and the smaller stakes games can give a false sense of how much money is being spent. 

Penny Slot RTP and Variance

Before playing penny slots online, you’ll need to understand return to player (RTP) percentages and variance. These two components of any online slot give players an indication of payout rates, and are useful for identifying slots with the best returns. 

RTP

A slot’s RTP percentage is an indicator of how much money the game will pay out on average over an extended period of time. In theory, a 95% RTP slot will pay out $95 to players for every $100 they wager on the game, but in reality, RTP percentages can deviate massively from their advertised rates. 

Casino players should always avoid taking RTP rates at face value, since these figures are calculated over millions of games. Aggregating these numbers from huge data sets means it’s unlikely that players will be able to see the impact of RTP over one playing session, but it can be used to weed out machines that return less on average. 

Penny slots in land-based casinos were known for having lower RTPs than higher-stakes machines. But with online penny slots, they’re often on par ‒ look for slots that have RTPs of at least 95%. 

Activating the maximum number of paylines will improve your chances of a hit on a given spin. Check any betting requirements for the larger prizes, as some jackpots can only be won when players wager the maximum amount.

Variance

Variance — also known as volatility — gives a more complete picture when it comes to a machine’s payouts. You can think of variance as the frequency and size of hits, and it’s this feature of slots that gives variation on RTP rates. Highly volatile slots pay out larger amounts less often, whereas low-variance slots pay out smaller amounts more often. 

Penny slots can be high, medium or low variance. Information about a slot’s variance is usually found on the casino’s site next to the game, but if not, you can make an educated guess based on the paytable. Games with higher payouts tend to be of high variance, especially if there’s a jackpot; similarly, a higher number of small payouts might indicate a less volatile machine. 

Variance is useful for finding the best machine for your playing style. Lower variance might be preferred for shorter sessions with a smaller budget, as you’re more likely to find a hit before you spend all your bankroll.

Best Online Casinos for Penny Slots

  • Slotnite
    Slotnite
  • Jackpot Village
    Jackpot Village
  • 888 Casino
    888 Casino
  • Slotty Vegas
    Slotty Vegas
  • Casino Tropez
    Casino Tropez
  • Casino Dome
    Casino Dome
  • FruitKings
    FruitKings
  • BetRegal Casino
    BetRegal Casino
  • LeoVegas Casino
    LeoVegas Casino
  • Casino.com
    Casino.com

Penny Slot Casino Payment Methods


In order to play penny slots online, you’ll need to make a deposit. Online casinos with penny slots now offer many different payment methods, and we’ve detailed some of these below.

Name Availability Deposit speed Withdrawal speed Description Pros and cons
Excellent
Deposit speed
Instant
Withdrawal speed
Instant

e-Wallets

e-Wallet accounts are a convenient way to make casino payments online. All you have to do is log into the e-wallet account during the deposit or withdrawal process and you can make rapid transactions. Two commonly accepted e-wallets are Neteller and Skrill but there are other e-wallet options out there too.

e-Wallets are a highly secure payment method because they shield vendors from seeing any sensitive bank details, restricting opportunities for hackers to access this information. Deposit and withdrawal speeds can be near instant once processed, so they’re a popular choice with players. 

Good
Deposit speed
Instant
Withdrawal speed
N/A

PrePaid cards

For the security conscious or those wanting to limit their spending, prepaid cards are a good choice. The deposit process varies by prepaid card, but the card is completely separate from your normal bank account so it’s an incredibly safe and secure payment method.

Paysafecard is one option in this space. You can buy prepaid vouchers with cash in brick-and-mortar stores, and a unique PIN attached to the vouchers is then used to move funds into your account. You usually can’t withdraw funds to prepaid cards, but deposits are fast. 

Good
Deposit speed
Instant
Withdrawal speed
N/A

Pay by Phone

A less commonly used payment method is the pay by phone bill option, provided by companies like Boku or Payforit. Funds can be added to your casino account through your phone plan’s airtime credit or directly via your contract. Deposits are often very quick, but there are some drawbacks — withdrawals aren’t possible and many carriers place strict limits on deposit amounts.

Excellent
Deposit speed
Instant
Withdrawal speed
Slow, 3-5 days

Debit Card

Most people are already familiar with online debit card payments and they’re accepted at nearly every Canadian casino. Once you punch in your card details, deposits are usually instant, but withdrawals can sometimes take up to a week to appear in the designated account. It’s also worth mentioning that when you use this method, you’re sharing your card details with the casino, so make sure it’s trustworthy and your connection is encrypted.

Penny Slot Casino Bonuses

Making use of casino bonuses is a great way to try out new slot games and learn how they work. You’ll see a few different bonus types in our list of online casinos with penny slots, and we’ll explain some of the most common below. 

You should always read the terms and conditions of the bonus before you commit to it. There may be wagering requirements you need to meet — this is where a player must stake the value of the bonus a certain number of times — before any resulting winnings become withdrawable. Check for maximum win limits too, as you won’t be able to withdraw or use any winnings above the threshold.  

Free Spins

Free spins are often given to new players as part of a welcome bonus. They might require a deposit to be made before being awarded, but you can also find free spins as part of a no deposit bonus. Players can use free spins on eligible slot games on the casino’s site. 

Matched Deposits

A matched deposit bonus is where the casino literally matches your deposit up to a certain amount. Let’s say the bonus is a 100% matched deposit up to $100 — when you deposit $50, you’ll receive $50 in bonus funds, likewise with $100. Players are free to deposit more than $100 but the bonus will be capped at this amount. 

These bonus funds are segregated from your account’s real money balance and can be used to play eligible casino games. They’re often subject to wagering requirements before they can be withdrawn, and players will need to watch out for payment exclusions too, as your deposit must be made with a valid payment method. 

No Wagering Bonus

A no wagering bonus is a bonus free from wagering requirements. These are appealing because players can immediately withdraw any resulting funds if you’re lucky enough to win. 

In the case of penny slots, you might come across a free spins bonus with no wagering requirements.

Top Penny Slots to Try

It’s easy to become overwhelmed with choice when looking for penny slots to try. Here are a few of our favourites to get you started ‒ look for the free play mode to get familiar with the game before you start betting with real money.

Double Tigers

Wazdan’s Double Tigers is an orient-themed 3×3 penny slot. There are eight paylines in play at all times and each spin costs one 1¢ stake. Double Tigers is a very simple penny slot: there are only two symbols — the fire tiger and water tiger — and no bonus rounds or wilds. That said, the beautiful graphics do make this an engaging slot to spin. 

Something unique to Wazdan’s titles is the Volatility Levels feature, which lets players select between low, standard, and high volatilities. Double Tigers’ RTP is 96.43% and the maximum win of 40x your stake is quite low compared to other slots.

Divine Fortune

Divine Fortune is a 5×3 penny slot with an RTP of 96.59%. Released by NetEnt in 2017, it’s a medium volatility slot with fixed paylines. There are 20 in total, making the minimum bet $0.20 per spin. 

Divine Fortune has three jackpots up for grabs: the minor pays 400x the stake, the major pays 2,000x, and the mega jackpot is progressive, meaning that a portion of each spin’s stake is added to the prize until it’s won. Bear in mind that your chances of winning the mega jackpot increase with higher stakes.

This slot has an abundance of bonus features too, including several special wild mechanics and free spins rounds. We’d recommend playing for free first to get to grips with how they all work. 

Cleopatra

One of the older games on the list, IGT released Cleopatra back in 2004. There are five reels, three rows, and 20 fixed paylines here, so the minimum bet per spin is $0.20. This Egyptian-themed penny slot has a medium volatility and an RTP of 95.02%. Despite its aging graphics, common features like wilds and free spins rounds are still present and players can win up to 10,000x their stake.

Pixies of the Forest

IGT’s fantasy-themed Pixies of the Forest is a 5×3 slot with medium variance. The paylines are fixed at 99 and the minimum bet is $0.33. The RTP is a little lower at 93-94.9%, but the exciting tumbling reels mechanic can result in consecutive wins from the same spin.

Name Release year Developer RTP Variance Paylines Min bet Max bet Max bet Mobile Claim Bonus Review Information
Release year
Developer
RTP
96.21%
VARIANCE
High
Paylines
10
Min bet
50p
Max bet
$50
Mobile
Progressive
Claim Bonus
Available at Casino.com
The third instalment in Play’n GO’s popular Rich Wilde series, Book of Dead is a high-variance penny slot with a respectable RTP of 96.21% and ten paylines. Book of Dead is a true penny slot — the minimum stake is 1¢ and players can bet on just one payline.
Special features include a combined wild scatter symbol, along with an exciting free spins round activated when three wild scatters appear on the reels. The free spins round introduces an expanding wild too, making wins more likely.  There’s no jackpot to be found in Book of Dead, but matching Rich Wilde five times on a payline will net 5,000x the stake — that’s a possible $50 win from a 1¢ spin.

Get Started with a Top Penny Slots Casino

Now you know what penny slots are, why not browse some of our top penny slots online casinos? When you’re ready to get started, take advantage of a free spins bonus and use it on the best penny slots at an online casino.

Frequently Asked Questions

  • They can be. It depends on what type of slot game you enjoy. Penny slots usually have lower minimum bets, but some still offer the possibility of large payouts and jackpots. 

  • Yes, but you can also lose money. Real money slots are designed to pay out less than players put in so that the operator makes money. You should always keep this in mind and gamble responsibly.

  • Penny slots should allow a minimum stake of 1¢ per payline. Some slot machines have a fixed number of paylines, so you may have to bet more than 1¢ per spin. 

     

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