A deposit bonus is a type of bonus offered by online casinos where players are given a certain percentage of their deposit amount as bonus funds.
A deposit bonus typically works by matching a certain percentage of a player's deposit amount up to a specified maximum amount. For example, if a player deposits $100 and receives a 100% deposit bonus, they will have $200 to play with.
The requirements for a deposit bonus can vary depending on the specific bonus and the online casino offering it. Some common requirements include a minimum deposit amount, a maximum bonus amount, and a certain wagering requirement that must be met before the bonus funds can be withdrawn.
In most cases, deposit bonuses are available to all players who meet the requirements set by the online casino offering the bonus. However, some bonuses may only be available to new players, while others may be limited to certain countries or regions.
In order to withdraw a deposit bonus, players must typically meet certain wagering requirements set by the online casino. These requirements often require players to wager a certain amount of their own money before they can withdraw the bonus funds.
If a player does not meet the wagering requirements for a deposit bonus, they will not be able to withdraw the bonus funds. In some cases, the bonus and any winnings generated from it may also be forfeited.
Deposit bonuses can usually be used on a wide variety of games offered by the online casino. However, some bonuses may be limited to certain games or game categories, so it is important to check the terms and conditions carefully.
To claim a deposit bonus, players typically need to make a qualifying deposit and enter any necessary promo codes. Some online casinos may also require players to opt-in to the bonus offer.
In most cases, players can only receive one deposit bonus per account. However, some online casinos may offer multiple deposit bonuses for new players as part of a welcome package.