Top Paying Casinos

Alternatives to the top paying online casino NZ

The table below details the 10 NZ casinos with the highest payout rates (from highest to lowest); though each of these are considered elite when it comes to large online casino payouts.

Highest paying top-rated casino: Europa Casino

Europa casino has emerged as the best rated payout online casino NZ, with an exceptionally high score of 4.1. Plus, they have a staggeringly high payout rate of 98.3%!

Highest paying fast withdrawal casino: Lucky Fox

Withdrawals come in hard and fast at Lucky Fox. As a crypto casino, it’s to be expected – as most transactions are processed in mere minutes when you’re playing in crypto. Fiat currency withdrawals are processed swiftly, too. With a payout rate of 96.4%, Lucky Fox is up there with the best.

Highest paying newly launched casino: Playerz Casino

When talking about top paying new casinos NZ, then Playerz Casino deserves mention. A relatively new online casino that launched online in 2023, Playerz Casino offers an extensive collection of 7000+ games from multiple software providers and cryptocurrencies like Bitcoin and Ethereum to make your deposits and withdrawals at lightning speed. Recently a lucky players at Playerz Casino landed a NZ$1.5M prize, which can also happen to you if you give it a go. Playerz tuns with a Curacao license and some software companies include NetEnt, and Microgaming.

Launched this year, they’ve already made it rain for many new players, with a whopping payout rate of 96.7%.

While still very new, Playerz Casino is an up-and-coming crypto casino captivating players globally. Security is of the highest caliber, and data protection and legal payment methods are all components of the Curacao license.

Highest paying low deposit casino: 7Bit Casino

Accepting deposits as low as NZ$1, while also offering one of the largest withdrawal limits around, 7Bit is the obvious choice for those wanting to deposit low and cashout high. Their RTP of 95.4% tells you everything else you need to know. 7Bit has also just launched a brilliant $5 deposit bonus that will get 80 free spins for your $5 deposit.

6 things to know about top paying online casinos in NZ

Now that you’ve been introduced to our top-paying recommendations, there are a few factors to consider to ensure you play with eyes wide open. These include:

1 – Wagering requirements

If you have a bonus attached to the funds in your account and have not fulfilled the wagering requirements, you will not be able to withdraw your wins. 

In your player account, you’ll notice that you always have two balances: a bonus balance, and a withdrawable balance. The latter indicates the money that is yours and that can be withdrawn. The bonus balance, however, is not withdrawable and indicates the bonus, or ‘free’ money that the casino has given you that will need to be wagered through before it can be withdrawn. Make sure to read the terms and conditions associated with any bonus before you initiate a withdrawal to avoid any nasty surprises.

2 – Deposit requirements

If you have made a deposit, but have not wagered any of it, the casino might either refuse to process the withdrawal or penalise you by removing your bonus or adding banking fees if you have not wagered your deposit amount.  

3 – Withdrawal limits

Nowadays, there are many online casinos run by smaller companies. They usually set withdrawal limits to guarantee their financial stability. The limits ensure that they will not have to pay out one big lump sum at a time without compensating for it. For instance, if more than one player wins a sizable jackpot in a short period, the casino could probably face financial struggles. 

Online casinos have different types of withdrawal limits, and it’s important that you know how they work as these will likely apply to you:

A Daily Limit allows you to redeem a maximum number of accumulated withdrawals within 24 hours.
A Weekly Limit caps the maximum value of how much you can withdraw in accumulated withdrawals between Monday and Sunday.
A Monthly Limit allows players to cash out a maximum monthly limit for 30 days or as stated in the terms and conditions.

Commonly, online casinos are not permitted to use players’ funds for operating costs. Several casinos limit the withdrawals of larger amounts to maintain a cash flow of payable winnings on hand. Some online gaming platforms might also argue that they do not pay out an entire amount in one go to safeguard the player from a hurried decision on what to do with the cash. In this case, they opt for a regular movement of lesser quantities. However, this decision is entirely up to the player. If you do win an increased amount of cash and do not know what to do with it, we recommend that you do nothing for a few days to let it sink in and then either make up your own decision or consult with a financial advisor.

Maximum withdrawal limits at our top paying casinos

Aside from these factors, the maximum withdrawal will depend on the casino’s policy and the payment options the casino offers. Most casinos will have a maximum withdrawal limit within the NZ$4,000 to NZ$5,000 range per transaction, depending on the payment method. However, some casinos have a monthly withdrawal limit of $10,000, so you will only be able to perform two transactions before you reach the limit. At a top paying casino, this monthly limit is either a lot higher, or it is negotiable depending on your VIP status. Some casinos have no maximum limits.  

One major exception to the transaction limit is cryptocurrency. There are usually no limits set on cryptocurrency transactions (although casinos do vary). Generally speaking, at a quality crypto casino, you can withdraw as little or as much as you like, as long as there are no wagering requirements or other limitations on your casino account. 

Minimum withdrawal limits at our top paying casinos 

Casinos that allow small deposits tend to allow small withdrawals too. The minimum deposit and withdrawal amount at most casinos will depend on the payment method you have chosen, in tandem with the casino’s policies. Some casinos do not set lower limits for deposits, or have very low limits for both deposits and withdrawals. Depending on the casino, you can deposit as little as NZ$1, and make a withdrawal from as little as NZ$1.50.   

Others have a set minimum withdrawal amount across all payment methods, which could range from $10 to $50, depending on the casino’s terms and conditions. This could also vary according to payment method. For example, some casinos have higher limits on bank transfers than they do on web wallet withdrawals.  

4 – Choosing withdrawal options with low exchange rates

To ensure a cost-effective and budget-friendly experience, knowing which casinos offer the best exchange rates for Kiwis when playing in a different currency is critical. It is always important to research beforehand. The best New Zealand casinos provide super high payouts when using popular e-wallets such as:

NETELLER is an electronic wallet that has grown in popularity and is a firm fave among online casino players. Not only does it make instant transactions possible, but it has some of the lowest fees in the business.
Paysafecard has become one of the most popular methods to fund casino accounts, precisely due to how flexible it is. With the use of a 16-digit PIN, players can top up their online casino accounts within minutes, wherever they are.
POLi is one of New Zealand’s most-loved payment method that enables players to make instant deposits, while processing withdrawals swiftly – within 48-hours. When topping up your casino account with POLi, you do not need to use a debit or credit card. Enter the desired amount, and the deposit will be instantly available. This payment method is convenient and maintains high-security standards as they frequently perform security vulnerability scanning on their system.

5 – How is a casino’s payout rate determined?

The payout rate is the average amount of money a casino returns to players from the amount of money they gamble at the same casino. The average percentage payout is one of the most highly precise statistics in the gambling industry. These show the percentage of player wagers returned to winners over time, as monitored monthly by independent experts such as eCOGRA, and is often disclosed through links at the bottom of the casino’s homepage.

6 – What happens when you win big at a casino?

Congrats! Your favourite online pokie machine has come through for you, and you’ve hit a big win. There’s no better feeling! But, like death and taxes, a few things are guaranteed that you need to consider:

The IRS gets a cut.
Unfortunately, you are going to have to pay tax on every single cent. The good news is that if you are a regular gambler that enjoys playing on a desktop or a mobile casino, you can deduct the money you spent before winning big.
You need to verify your identity.
Online casino attendants will ensure that you are who you say you are, which is a reasonable and fair task. The casino will hold the money in safekeeping until you can provide the necessary identification documents. This isn’t a biggie, it only takes a few minutes to upload.
Good things take time.
The best New Zealand casinos will need to verify your win, inform managers, gather tax forms, ensure that you are not on the restricted list, and deal with paperwork before you receive any of your funds.