Casino Cashback Bonuses

Cashback bonuses are online casino rewards where players get back part of the money they deposit, play with, or lose at a casino. 

They have become quite common in online casinos as they enable players to recover some of the money they wager or lose in online casinos. Many players love this bonus as it gives them extra funds to wager after spending their funds. 

What is Cashback?

Cashback is a reimbursement of part of the money a player spent or lost while using an online casino. Casinos give it to their existing players free of charge to compensate them for their losses.  

Now, you may be wondering why casinos will do this. Well cashback bonuses enable casinos to keep their loyal customers engaged. With this bonus, players have more free capital to continue playing casino games after losing their own money. 

How Does Cashback Work?

Cashback bonuses are pretty simple to understand. It returns part of the money players wagered or lost while playing with real money at a casino. 

Generally, cashback returns are calculated in percentages. And the rate can range from 3% to 30% in online casinos. 

Of course, each casino calculates its cashback in different ways. Some casinos express cashback as a percentage of deposits made at a casino within a stipulated time. At the same time, others give cashback on the amount of money lost after playing real money games. 

For example, if a casino has a 5% cashback policy on wagers, then after spending $100 at this casino, you'll receive a $5 compensation bonus. You can then use this $5 to play extra games and cash out any money you win. 

It's important to note that cashback bonuses are only given on real money deposits. Therefore, bonus spending doesn't contribute towards casino cashback rewards. 

Several kinds of cashback bonuses exist. This section discusses the various casino cashback bonuses so you can pick the best one for you. 

Cashback on All Loses

As the name implies, cashback on losses is calculated based on net losses players incur at the casino. You must first play real money games and lose money to get this cashback. Note that bonus earnings and pending withdrawals don't contribute to this bonus calculation.  

So, if you deposit $100 at a casino with 10% cashback on losses and lose $50 after playing games, you'll receive a $5 cashback return (10% of $50) to play more games. 

As most operators love supporting players after losing, cashback on losses is common in online casinos. 

Cashback on Losing Spins

Cashback on losing spins is accrued on money lost at select slots. As the name implies, only real money losses from playing eligible slots count. Wagers on other casino games like roulette, blackjack, or live dealers will not contribute towards this reward. 

The Nine Casino cashback offer is an example of cashback on losing the spins bonus. Here, every player receives a 5-25% cashback reward up to $5000 when they lose their slot wagers. To get this bonus, you must deposit a minimum of $20 at the casino. 

Alternatively, it's not uncommon to also come across cashback on other games, live dealers, table games, poker, etc. In each case, only money lost at the specified game will yield cashback. So, as a player, always confirm that the casino cashback bonus you want to claim is available for the games you like to play. 

Cashback on Deposits

Cashback on deposit is given to players on their deposit. So, if you play at a casino with cashback on deposits, you'll receive a percentage of any amount you deposit in cashback rewards. 

Many players seek this type of cashback bonus since it is obtained on deposit, not losses. They're pretty common in online casinos, too. 

One famous example of a casino that gives cashback on deposit is the ICE Casino. Here, players get 3-12% cashback up to $2000. The bonus applies on deposits of $20 and above. 

Daily/Weekly/Monthly Cashback 

These are recurring cashback bonuses on money deposited or lost within a day, week, or month. 

In the case of daily cashback, players get a refund of some of the money they lost or wagered within a 24-hour time frame. On the other hand, weekly cashback bonuses are given out based on the total losses accrued in a week. At the same time, monthly cashback is received at the end of the month based on the total deposit or money lost in that month. 

Of these three bonuses, the weekly cashback rewards are the best. This is because 1 week is enough time for players to attain the minimum cashback the casino gives. Also, the waiting period is not so long. 

The HotSlots casino weekly cashback bonus comes to mind. Players who spent a minimum of $250 at the BF Daily Jackpot in the previous week get a 10% cashback reward every Friday. If you stake a minimum of $250 at this casino between Friday and Thursday, you will get $25 (10% of $250) in your bonus account next Friday. 

What we like most about HotSlots casino cashback bonus is that it has no wagering requirement. As such, players can cash out their bonus winnings without playing any games.

VIP Cashback Bonus

VIP cashback bonuses are exclusive rewards given to VIP members and loyal players. It is often part of the casino's loyalty program and helps loyal players recover some of the money they spent or lost at the casino. 

The VIP cashback reward is quite common in many online casinos, as operators use it to compensate their most loyal customers for their commitment. 

In most online casinos, the VIP cashback rates vary from 3-25%. But the exact return you get will depend on your VIP status. 

For example, Dolly Casino cashback is reserved for players in its loyalty program's tier 3 or higher level. It rewards players with 5-15% cashback on any deposit up to $3000. The bonus has a friendly 1x wagering requirement, allowing you to cash out your winnings after wagering the bonus once. 

As casinos compete to keep their players, most operators give cashback rewards. Therefore, finding cashback rewards is relatively easy.

But remember that each cashback bonus has requirements you must meet before claiming them.

For example, each offer tends to limit the amount of cashback you can win or money you must deposit to qualify for cashback. Similarly, not all games are eligible for cash back rewards. 

So endeavor to read the fine print of each cashback bonus before claiming. Also, try to compare as many offers as you can lay your hand on, as this gives you the best chance of finding a promo that suits your gaming preference. 

After testing hundreds of online casinos and cashback offers, here are the top online casinos with cashback bonuses you should try out in 2024: 

Each cashback bonus has terms and conditions you must meet to become eligible for the rewards. Here are some of the most essential terms of the cashback bonus to pay attention to: 

- Wagering Requirements: This is the amount of money you must stake or the number of times you must wager a bonus before withdrawing your winnings. The wagering requirement is always multiples and ranges from 0x-10x in the best cashback casinos. For example, the HotSlots casino cashback offer has zero wagering requirements, meaning you can withdraw your bonus earnings without playing games. On the other hand, ICE Casino's cashback offer has a 21x wager requirement. Thus, you must wager any bonus you receive 21x before you can cash out.  

- Deposit Requirements: This is the minimum amount of money you must deposit to qualify for the cashback offer. As a player on a tight budget, the lower the deposit requirements, the better for you. The average deposit requirement for cashback offers at most casinos is $20. 

- Country Restrictions: These are countries restricted from claiming a bonus. This casino sometimes includes this restriction on players based in countries that don't legalize cashback bonuses. For example, the Nine Casino cashback offer is not available to Finns. 

It is easy to fall victim to casinos promising hefty bonuses. But in our experience, offers that are too good to be true tend to have hidden terms that make them challenging to redeem into cash. Here is a detailed guide for choosing great cashback offers