Types of Online Casino Bonuses Explained
Welcome Bonuses
Welcome bonuses are offered to new players making their first deposit at an online casino. These typically come as a percentage match of your deposit up to a specified maximum amount.
Example: BetMGM's 100% up to $1,000 means if you deposit $1,000, you'll receive an additional $1,000 in bonus funds, giving you $2,000 to play with.
Pros:
Largest bonus amounts available
Great way to explore a new casino
Can significantly extend playing time
Cons:
Usually have wagering requirements
May have game restrictions
Time-limited for clearing requirements
Best For: New players wanting to maximize their initial bankroll at a casino.
No Deposit Bonuses
No deposit bonuses are free funds given to players simply for registering an account, with no deposit required.
Example: DraftKings Casino's $50 free bonus allows new players to try games without risking their own money.
Pros:
Risk-free way to try casino games
No financial commitment required
Potential to win real money without depositing
Cons:
Best For: Players wanting to test a casino before committing funds.
Free Spins
Free spins bonuses award a set number of spins on specified slot games, either as a standalone offer or as part of a larger welcome package.
Example: Golden Nugget's 200 free spins on 88 Fortunes and Divine Fortune slots.
Pros:
Cons:
Limited to specific slot titles
Typically have fixed spin values
Winnings are usually subject to wagering requirements
Best For: Slot enthusiasts looking to try featured games.
Reload Bonuses
Reload bonuses are offered to existing players making subsequent deposits after their initial welcome bonus.
Example: Caesars Palace Online offers weekly 50% reload bonuses up to $500 every Friday.
Pros:
Extends the value for loyal players
Often available on a recurring basis
May have lower wagering requirements than welcome bonuses
Cons:
Best For: Regular players looking to boost their bankroll on subsequent deposits.
Cashback Bonuses
Cashback bonuses return a percentage of losses to players over a specified period.
Example: FanDuel's Play It Again offers returns 100% of net losses (up to $1,000) as site credit after the first 24 hours of play.
Pros:
Provides a safety net for players
Usually has low or no wagering requirements
Guaranteed value even if you lose
Cons:
Only valuable if you experience losses
May be capped at a maximum amount
Sometimes paid as bonus funds rather than cash
Best For: Players seeking reduced risk while trying a new casino.
Loyalty/VIP Programs
Loyalty programs reward ongoing play with points that can be converted to bonuses, free play, or other perks.
Example: BetMGM's M life rewards program allows players to earn tier credits and points redeemable for bonuses and real-world resort benefits.
Pros:
Cons:
Requires significant play to reach higher tiers
Point earning rates vary by game
Some benefits may expire if not used
Best For: Regular players who want long-term value from their casino play.
Game-Specific Bonuses
Game-specific bonuses are tailored to particular casino games or categories, such as blackjack or live dealer games.
Example: DraftKings offers a weekly 20% live dealer cashback up to $100.
Pros:
Targeted to your preferred game types
Often have game-optimized terms
Can provide value on games excluded from other bonuses
Cons:
Best For: Players who specialize in particular casino games.