How Do Online Casinos Pay Out
Safe online casinos with high payouts are sites that let you play for real money and allow withdrawals of up to $5,000 USD.
But how do you know which sites to choose? Which banking methods should you be looking for?
Below are our top recommended online casinos in the USA with the highest payouts.
Sep 21, 2021 Most online casinos offer casino bonuses as they help them stand out in a saturated marketplace. To ensure you understand which online casino pays the best, LVH has designed a special bonus comparison feature that analyzes promotions across the board, regardless of whether you’re a new or existing customer. How Do Online Casinos Pay Out? Published by Teresa Westman July 4, 2020 Categorie(s): best payout casinos, Casino News, Gambling News. One of the important factors of any casino is how it pay out. Many gamblers wonder how casinos pay out once they have won. Players are always on the look out for casinos that are reliable and pay out quickly. See full list on casinoz.club.
Choose one of the options on our list and start playing real money casino gamesknowing that these casinos actually pay out, quickly and safely.
Top Payout US Online Casinos 2021
| RANK | ONLINE CASNO | BONUS | MAX PAYOUT | PLAY NOW |
|---|---|---|---|---|
| 1 | BONUS 280% up to $14,000 | MAX PAYOUT $2,500 | ||
| 2 | BONUS 100% up to $5,000 | MAX PAYOUT $100,000 | ||
| 3 | BONUS 150% up to $3,500 | MAX PAYOUT $5,000 | ||
| 4 | BONUS 225% up to $12,250 | MAX PAYOUT $2,500 | ||
| 5 | BONUS 300% up to $6,000 | MAX PAYOUT $25,000 |
Follow these casino recommendations and you will be able to cash out great winnings, enjoying the spoils of your slot or table game wins!
Best Online Casino With Payouts for US Players: Red Dog Casino
At Red Dog Casino, US players have access to several banking methods for payouts. The available options do not require a fee to withdraw, which is a plus point.
You can easily use credit cards, Bank Wire, or Bitcoin to withdraw your winnings. Payouts can take from one to five business days depending on the option you choose.
You will find that Red Dog casino offers plenty of top-rated slot games, table games, video poker and more, all waiting to be explored.
| Banking Method | Min/Max Withdrawal* | Payout times |
|---|---|---|
| Visa | $150 – $2,500 | 3-4 days |
| MasterCard | $150 – $2,500 | 3-4 days |
| Bank Wire | $150 – $2,500 | 5 days |
| Bitcoin | $150 – $2,500 | 1-3 days |
New players to the online casino have access to a 24/7 welcome bonus, along with continual promotions.
Earn bonus cash for depositing and access to free spins!
Max Withdrawal: $2,500
- Trusted, Legit USA Online Casino
- Fast Payouts, Easy To Use Software
Top Payout Online Casino: El Royale Casino
ElRoyale Casino offers players a nice selection of banking methods, with turnarounds of one to three business days.
With the option of using credit cards, direct deposit and bitcoin, you can easily find a withdrawal method that fits your needs.
| Banking Method | Min/Max Withdrawal* | Payout times |
|---|---|---|
| Visa | $150 – $2,500 | 3-4 days |
| MasterCard | $150 – $2,500 | 3-4 days |
| Bank Wire | $150 – $2,500 | 5 days |
| Bitcoin | $150 – $2,500 | 1-3 days |
*Payout limits may increase for VIP players
The casino is home to a nice array of games, including a host of online slots games, table games, and more.
New players to El Royale Casino have access to a massive welcome bonus with tons of bonus codes for free spins and cashback.
Max Withdrawal: $2,500
- Safe and Reliable Casino
- Huge Welcome Bonuses
Best Payout Online Casino: BetOnline
At BetOnline, you will have access to live dealer casino gaming (like live dealer blackjack), table games, slots, video poker, specialty games and more.
| Banking Method | Min/Max Withdrawal | Payout times |
|---|---|---|
| Bitcoin, Ripple, Litecoin, Ethereum | $20 – $3,000 | 30 min |
| Bitcoin Cash | $20 – $100,000 | 30 min |
| Wire Transfer | $500 – $3,000 | 1 week |
| Person to Person | $50 – $400 | 5 days |
| Check by Courier | $500 – $2,500 | 1 week |
Are you a new player? Get a 100% up to $3,000 bonus! To access your funds, choose between several cryptocurrency options, wire transfer or check by courier.
Max Withdrawal: $3,000
- Top Reputable US Online Casino
- Online, Download, Live, & Mobile Casino
Mobile Casino With Best Payouts: Wild Casino
Wild Casino is a reputable operator, offering you a long list of games including slots, table games, video poker, and live casino options.
| Banking Method | Min/Max Withdrawal | Payout times |
|---|---|---|
| Bitcoin, Ripple, Litecoin, Ethereum | $20 – $3,000 | 48 hours |
| Bitcoin Cash | $20 – $3,000 | 48 hours |
| Check by Courier | $500 – $2,500 | 7 days |
| Bank Wire Transfer | $500 – $3,000 | 1 week |
| Person to Person | $50 – $400 | 5 days |
Payout options are vast with several cryptocurrency options as well as bank wire transfer and person to person.
Max Withdrawal: $3,000
- Legit And Reputable Online Casino For US Players
- 14 Deposit Methods, Including Visa And Bitcoin
Highest Payout Online Casino: MyBookie
MyBookie offers a high-quality online casino in addition to a sportsbook. New players to the site will find a large selection of slot games along with specialty options, live dealer, table games and more.
| Banking Method | Min/Max Withdrawal | Payout times |
|---|---|---|
| Bitcoin | $25 – $5,000 | 1 day |
| Echeck | $50 – $3,000 | 7-10 days |
| Bank Wire Transfer | $500 – $5,000 | 5-7 days |
MyBookie is one of the best real money casinos with the highest slots payouts!
Payout options include Bitcoin and Bank Wire with a high $5,000 limit for withdrawals.
Bitcoin is the quickest option, providing your payout in 24 hours with no fees.
Max Withdrawal: $5,000
- Highly Reputable Casino
- Live Dealer Games Available
The Casino With The Best Payouts Las Atlantis
Las Atlantis Casino offers you some of the best payouts in the industry. This brand has multiple banking options available, along with high withdrawal limits.
Their main attraction is the hundreds of games they offer. Las Atlantis has very fair and legit game options to choose from, most of them come with their own high payout amounts.
- Use Bitcoin to deposit and withdraw to receive your cash in just minutes.
- Enjoy a high maximum withdrawal amount of $2,500.
Highest Payout Online Casinos In The USA
All of the online casinos highlighted in this article offer high payout limits and convenient banking options.
When it comes to choosing an online casino that pays the best, BetOnline and Wild Casino are our top picks.
BetOnline Casino
Wild Casino
Casino Payout Percentages
When players make a withdrawal from an online casino, it is due to winning from a slot, table game or other type of gaming option. To try and increase your potential to earn a win, it is best to play games with high payout percentages.
The payout percentage is the amount of money provided to players during a specific time frame.
For slot games, the payout percentage is known as RTP or Return to Player Percentage. When a game has a high RTP, such as 96% or more, it increases your chance to earn a win during extended game play.
Take for example a slot with a 96% RTP. For every $100 taken in, the game will pay out $96.
When searching for games to play, check for titles that have high RTPs. This will increase the likelihood that you will earn a payout. You can also consider table games with a low house edge for a better return, such as blackjack or roulette.
When playing traditional blackjack with a strategy, you can lower the house edge to 0.5%. American roulette is a good choice too as its house edge is a low 2.7%. This means the house takes less and you have the potential to earn more while you play these games.
Casino Games With The Highest Payouts
Now that you understand payout percentages, you are ready to play the games with the highest payouts.
When searching for slot games, check for RTP as well as additional features like free spins, bonus rounds, wild multipliers and more. With these special features plus a high RTP, it increases your chance to win a high payout.
You can also choose to play slots with progressive jackpots and high RTPs. These games often pay jackpots on a regular basis, which is why they are popular among players.
For table games, there are a few that offer higher payouts than others. Take for example American Blackjack. This game has a low house edge of 0.5%. This means the payout percentage is 99.95%.
Multi-hand blackjack also provides a solid payout percentage of over 99% due to its low house edge. For roulette fans, it has a low house edge as well which translates to 97.30% payout percentage.
Adding such games to your play time will help to increase your chance to earn a higher payout.
Safest Payout Methods For High Withdrawals
Bitcoin is the fastest and safest method to withdraw your real money casino earnings.
The cryptocurrency is commonly used at most sites and offers a quick turnaround time. For some sites, the withdrawal is in your account within minutes.
Because Bitcoin is offered at most safe and trusted online casino sites and is usually the option with the highest withdrawal limits, it makes sense to learn how to use it.
You can easily set up a wallet and start using Bitcoin for your online gambling needs.
Whenever you play online casino games, be sure to choose a safe and reputable casino site so you know your money and personal information are protected.
That way you can have fun playing and enjoy a great online casino experience!
Tips On How To Choose Casinos That Pay Out
When it comes to choosing a casino that provides the best payouts, it helps to know what factors or features to look for.
Check out a few must-haves:
- Multiple Payout Methods: Make sure the online casino you are choosing offers multiple payout methods. You also want to check that the site offers your preferred payout method. This makes it easier for you to withdraw funds.
- Is Crypto Offered? An online casino that offers cryptocurrency will provide payouts in the quickest way possible. Cryptocurrencies like Bitcoin, Bitcoin Cash, Litecoin, and Ethereum are just a few examples of which options are generally offered. The methods provide higher payout limits and quick cashout times.
- Read The Reviews: Check out reviews of the online casinos you are thinking about joining. Reviews by reputable sources, as well as players, can give you insight into what the casino offers, including payout out times.
- Review the Payout Time Frame: Be sure to check the payout time frame with your chosen method. Each method will list the time in which it takes for you to receive funds. Cryptocurrency methods are usually the quickest option.
- Player Verification Process: For an added security level for your gaming, see if the online casino offers player verification. This ensures your account is protected, securing your personal and financial information.
- Expert Recommended Online Casinos: It is also smart to choose online casino sites to join that are recommended by experts in the gaming industry. By selecting such sites, you know they have been vetted and thoroughly reviewed for safety and performance.
Which Online Casinos Actually Pay Out?
If you are leary about online casinos actually paying out, rest easy knowing that the sites we recommend will provide your winnings.
Sites like BetOnline, El Royale, and Red Dog have a strong reputation in the gaming industry. They know what it takes to ensure players are protected and payouts are provided promptly.
The sites we suggest are legit, offering a premium online gaming experience as well as secure options to withdraw your winnings.
Our recommended online casinos are the best of the best and provide all the payout options needed so you can quickly withdraw funds whenever you like and receive your winnings as soon as possible.
Let’s say, for example, you win $25,000 or less on a slot machine. You will have the option of being paid by cash or check. However, if the win is larger that $25,000, your options change depending upon the casino you are playing at. There are several different ways you can be paid your winnings. The first, of course, is the lump sum payment. Another way is through an annuity, wherein the money you’ve won is paid out in installments. Winners will be given up to 90 days to decide if they want the lump sum or the annuity. Note that many casinos will pay the entire amount up front.$5000 or More in Winnings
All winnings specifically from poker tournaments and slot machines — are taxable at the federal level, and some may be taxable at the state level, too. “Since each state has its own set of regulations for gambling taxes, be sure to pay close attention to the local requirements before filing your next tax return. In addition to state tax, the IRS also taxes gambling winnings. For certain games and for larger winnings, winners will need to file IRS Form W2-G. No matter the amount, all winnings must be reported on the next tax return if the earnings exceed these wins.” - $1,200 or more from a slot machine or bingo game
- $1,500 or more in keno winnings
- $5,000 or more in poker tournament winnings
How Will I know if I will be paid in a Lump Sum or Have to Opt for Annuity?
The quickest way to determine how winnings are disbursed is to look at the faces of common slot machines. It will clearly disclose whether the machine is an annuity game or an immediate full-pay win. If you are given a choice of payout options, it may be wise to consult with a certified financial planner, tax attorney or certified public accountant to help determine the best decision.Do I Have to Pay Taxes for a Lump Sum Payment?
Yes. If you opt for a lump sum payment, you will have to pay taxes on your winnings for the current year.How much money can you win gambling without paying taxes?
You can cash out $600 of overall winnings without paying taxes. You must pay taxes straight away if you win $600+ on one spin or hand. In any case, you’ll have to pay taxes on those winnings. But the difference here is that you’ll be able to cash out $600 without the casino removing the tax percentage for you. In order to be operating legally, your online casino must conform to regulations. This means that if the IRS comes knocking at their door, they’ll be contractually obliged to offer up your records. For online cash games, players are often given their full gross payout. That means they then have to file their own taxes. It’s during tournaments that casinos may withhold the percentage owed to the government. Sometimes, online casinos will keep all winnings and players will get an email requesting them to give tax information. This happens when you: Win $600+ in a freeroll tournament or Win $5,000+ in a regular tournament. The online casino will only release winnings once they receive information. You’ll sometimes get the choice of letting the site keep the tax percentage, or getting all the winnings and having to file your taxes yourself.