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Types of Online Casino Bonuses Explained
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Types of Online Casino Bonuses Explained

Each online casino offers users unique bonus offers. Generally, these bonuses are available to new and existing users.

There are many types of online casino bonuses, all of which can be extremely beneficial to casino players.

Here our experts provide information on the different online casino bonus offers available in 2024. We will explain how each of these bonuses works and provide an overview of their common terms and conditions.

Those new to online casino games will probably be amazed to discover how many bonus offers are on offer today.

Most of them can be claimed without the need for real casino bonus codes. Every offer is different, but almost all of these online casino bonuses can be claimed in just a few minutes.

Keep reading to learn more about the unique types of online casino bonus offers available today.

What are online casino bonuses?

Casino games have been extremely popular in the United States for decades. More recently, online casinos have started to gain popularity. This is at least partly due to the unique online casino bonuses offered by these platforms.

These bonuses are, basically, a means for best online casinos to attract new players and retain their existing user base.

The most popular online casino bonuses are called welcome bonuses.

These are only available to new members of an online casino for the first time. Welcome bonuses can vary and often come in the form of a first deposit bonus or a “No Sweat” bonus, where players get money back on lost bets.

Almost all reputable online casinos also offer bonuses to their existing players. These can include deposit bonuses, free spins and much more.

Online casinos never just give away free money. All online casino bonuses come with clear terms and conditions that help ensure that the House will likely always make a profit.

This includes a wagering requirement, which requires players to wager a certain amount of money before bonus funds can be turned into real, withdrawable money.

Online Casino Bonuses: Different Types Explained

Online casinos have evolved significantly over the past two decades. As these platforms grow, so do the bonus offers they offer to players.

There are a wide variety of these offers available, each of which can be extremely beneficial for players.

Check out some of the most popular types of online casino bonuses below:

Welcome Bonus

Perhaps the most common welcome bonus offered by online casinos is the first deposit bonus. In most cases, this is a 100% bonus on a new member’s first deposit at an online casino, up to a certain limit.

Welcome bonuses can also take the form of free spins. Sometimes an online casino also offers a no deposit bonus.

Below is a table that highlights several of the best online casinos in the United States and their current welcome bonus offers.

Online Casino Welcome Bonus Bonus code
FanDuel Play $1, Get $100 Casino Bonus FanDuel promo code (no code required)
PariMGM 100% First Deposit Bonus up to $1,000 + $25 No Deposit Bonus ALCOM
Palace of the Caesars 100% First Deposit Bonus up to $2,500 + 2,500 Reward Credits ALCOM2500
DraftKings Play for $10, get $100 in casino credits DraftKings Promo Code (no code required)
Gold nugget Play for your chance with $1,000 in casino credits + matching deposit up to $1,000 in casino bonus funds Golden Nugget Promo Code (no code required)
Fanatics Deposit $5, Get $50 Casino Credits Fanatics Casino Promo Code (no code required)
betPARX Win up to $1,000 in bonus bets on your lost bets betPARX promo code (no code required)
Play Gun Lake Cashback bonus of up to $1,000 Play Gun Lake promo code (no code required)
Horseshoe Get a 100% bonus up to $1,250 ALCOMGOLD

No deposit bonus

No deposit bonus are much rarer among online casinos. As the name suggests, these are bonus offers given to players without requiring a first deposit.

These bonus offers generally come with fairly restrictive terms and conditions. Online casinos don’t want to just give away free money, and players are likely to find significant wagering requirements attached to these offers.

BetMGM Casino is one of the few online casinos to offer a no deposit bonus. It offers its new users $25 in casino credits, simply for creating a new account.

Deposit bonus

Deposit bonuses are very common. These bonuses provide players with an extra boost for everything they deposit into their account. This offer is usually attached to the first deposit that players make into their account.

It is quite common for deposit bonuses to also be offered to existing players at an online casino. When offered to existing players, these bonuses tend to be quite small and are primarily a way for online casinos to retain their user base.

Caesars Palace Online Casino offers one of the biggest deposit bonuses of any online casino in 2024. This is a 100% first deposit up to $2,500, plus an additional 2,500 reward credits.

Free Spins Bonus

Online Slots are offered by all reputable online casinos operating today. Most top casino sites offer hundreds of slot titles, many of which can offer huge jackpots to lucky winners.

Free spins bonuses are, as one might assume, bonuses that give players a certain number of free spins to use on slot games.

Sometimes these are given to players so that they can use a particular slot title. The rules for these bonuses vary, but sometimes winnings won from free spins can be withdrawn immediately.

Cash Back Bonus

Some popular online casinos offer users cashback bonuses. With this bonus, players can obtain a partial or total reimbursement of their net losses, up to a certain limit. This bonus is usually offered as a welcome bonus.

For example, the welcome bonus at betPARX allows its users to receive 100% cashback on all net losses incurred during their first 24 hours of play. Bonus funds earned through this offer come in the form of casino credits.

Rewards Program Credit Bonus

Rewards programs are common on online casino platforms. Essentially, these sites offer their users unique benefits, simply for placing bets.

The more players bet, the higher they can climb the loyalty program ladder and the better rewards they will earn.

Many of the best online casinos in the United States also operate major land-based casinos.

These casino sites often offer loyalty programs that offer benefits within their physical casinos. This can include things like free hotel rooms, discounted meals, and other VIP packages.

Online Casino Bonus Terms and Conditions

Online casinos always set very clear terms and conditions for their bonus offers. These are put in place primarily to ensure that casinos do not lose money by granting bonus funds to their new and existing members.

Perhaps the most frequently mentioned general condition attached to bonuses is the wagering requirement.

As we pointed out earlier, this is the rule that requires players to wager a certain amount of real money before earned casino credits can be withdrawn for cash.

Casino bonuses also tend to expire after a certain number of days.

If you do not claim this bonus within a certain number of days, it means that it will no longer be available. Failure to use all of your casino credits will also cause them to expire after a specified number of days.

Most types of online casino bonus offers will also come with location-related rules. States can set their own rules for online casino gaming, and online casinos will need to adjust their bonus offers based on each state’s rules.

It is strongly recommended to read the terms and conditions of the bonus offers before deciding to claim them. This will help you better decide if a certain offer is really worth claiming.