What is a Good Payout Casino?
An online casino’s payout rate refers to the proportion of wagers bet by players that the casino pays out in real money winnings. To calculate its own payout rates, a casino will aggregate the individual payout rates of all the games it offers on its site to arrive at an overall percentage. Typical payout rates at online casinos range between 94-96%. This means that, on average and over an extended period of time, the casino will return $94-96 in winnings per every $100 wagered on its games. An online casino with an average payout rate above 97% can be thought of as a high payout casino.
As part of the conditions of receiving and maintaining legitimate licences, the payout rates of individual games at Canadian casinos – also known as RTP or Return to Player rates – are published on their own sites. To make sure these are accurate, games are independently audited by regulatory bodies like eCOGRA. They’re responsible for first calculating the payout rates, and then for making sure they remain as advertised through regular checks.