A Breakdown of the Different Types of Online Casino Bonuses

min read
Someone leaning on a wooden table and holding their cell phone in both hands with the screen showing the word “Bonus” coming out of a gift box; A laptop, glasses, and a cup of coffee are on the table.
BetMGM Apr 06, 2020, 1:55 PM

Casinos are known to offer many enticing bonuses to new and regular players — and many gamblers find that the best online casinos also offer some of the best online casino promotions. In this article, you’ll discover some of the different types of online casino bonuses and the benefits they provide. Learn about all the fun, valuable bonuses you should look out for when playing online casino games from the U.S. states where BetMGM Casino is legally active, namely New Jersey, Pennsylvania, Michigan, or West Virginia.

What to Expect From BetMGM Online Casino Bonuses

It’s a common newbie gambler mistake to miss out on exciting casino promos. But now’s the time to get clued up on what’s available and how these bonuses work. BetMGM promises plenty of game-specific, limited-time, and ongoing online casino promotions and bonuses. Some of the best online casino promotions at BetMGM include Bet & Get bonuses and Refer-A-Friend bonuses. Of course, the limited-time options are constantly changing to keep things interesting, so be sure to keep a close eye on the Promotions page to grab any that apply to your favorite casino games. 

How Do Online Casino Bonuses Work?

Wondering how casino promos and bonuses work? Since online casino bonuses come in various formats and sizes, they all have their own set of rules and conditions. For example, most Welcome Bonuses are match bonuses, where the casino matches a percentage of your deposit (e.g., 100% match up to $1,000). Another example is the free spins bonus. However, any winnings accumulated with the help of an online slots Free Spins bonus are usually subject to wagering requirements. This means you’ll need to bet a certain amount before you can withdraw your winnings. For example, if a free spins bonus has a 30x wagering requirement, and you received $10 worth of free spins, you’ll need to wager $300 before cashing out.

Sign-Up Bonuses

Ensure you choose an online casino with generous welcome bonuses and other promos. Many virtual casinos offer substantial sign-up bonuses to encourage players to register an account. This type of bonus is also known as a welcome bonus, new player bonus, or first deposit bonus. This is typically a flat bonus, available for you to use at that particular online casino. However, there are other types of sign-up bonuses that are on offer as well.

There will always be terms and conditions associated with this kind of bonus, including minimum wagering requirements. This means you might need to deposit or wager a certain amount before you can cash out any of your winnings.

At BetMGM Casino, the welcome bonus is a 100% Deposit Match bonus up to $3,000, with an additional casino bonus of $100 on the house.

Free Trial Without Cashing Out

If you’re curious about playing casino games online, this type of bonus is a good way to try out some games without making a financial commitment. But, even though you’ll get to play for free, you’ll be unable to cash out any money that you win with this offer.

Deposit Match

Some digital gaming houses offer an online casino deposit bonus, where they’ll match whatever deposit you make within a certain range. For example, if you deposit $500, they may offer you $500 worth of credit for you to use on top. Be aware that certain terms and conditions will be associated with this offer, including how much you need to wager before you can cash out.

No Deposit With Cashing Out

Want to give some games a trial run but still have a chance to win for free? If you were disappointed by the “free trial without cashing out” bonus discussed above, you’ll be pleased to know that some sites allow you to try various titles without making a deposit — and also keep anything you win. This no-deposit bonus is a good way to get a feel for what the overall casino experience is like without having to hand over any of your money.

Percentage Deposit

Yellow Sticker with fifty percent discount

Yes, this online casino deposit bonus is exactly what it sounds like. The casino will offer you a percentage of whatever you deposit as a bonus. For example, a 50% bonus offer means an extra $100 to play games online if you deposit $200. As with many other incentives, there’s usually a limit on what the casino will pay as a bonus. As you can imagine, this amount will also be capped, so be sure to check the terms and conditions before you play.

Cashback

If you’re on a losing streak, some digital gaming houses might offer you a cashback bonus. This is usually in the form of a percentage bonus so that regular players don’t get hit as hard and lose interest in playing if they have a run of bad luck. 

However, it’s important to note that many casinos only offer this to players who run out of betting money. If you still have money to play with, the establishment won’t send you a cashback bonus. While a cashback is certainly helpful, and something to take advantage of as a regular player, don’t rely on this to manage your bankroll.

High Roller

Are you a player who makes big deposits regularly? Many virtual casinos offer these high-rollers, or “whales,” extra incentives to keep them coming back. This could be a percentage bonus, a matching bonus, or even non-casino bonuses, such as tickets to an event. The type of rewards you’re offered depends on the casino and how much you spend. Think of it as a VIP bonus to reward you for spending.

Loyalty

Close up of man hand holding a smartphone with Crown Icon

If you don’t have deep pockets, but regularly deposit money and have played at a site for a long time, the casino will likely offer you a loyalty bonus. Again, this might be in the form of a percentage or matching bonus, or it might be a fixed-value bonus deposited into your account. 

Some casinos offer long-term incentive structures, based on how long you’ve played, with increasing bonuses as time goes on. For example, by playing for a certain period and depositing a certain amount, you may be able to achieve VIP status and unlock even greater incentives.

Note that these kinds of bonuses won’t always be advertised on the site but will be sent to players via email.

Preferred Payment Partners

Establishments will generally offer multiple payment channels to make it as easy as possible for players to make deposits into their accounts. However, casinos also sign agreements with specific payment providers. This incentivizes the casino to offer special deals or offers if you pay through their preferred channel. 

This type of bonus might not be as common, but it’s worth keeping an eye out for, especially if you are open to using different payment methods.

Reload

A reload online casino bonus is an incentive offered to players who regularly deposit money into their accounts. Like many of the other bonuses, this could be a matching, percentage, or time-based bonus. This type of bonus will also not typically be advertised as a bonus on a website but will be sent to the player directly.

Refer-A-Friend

Back view of man holding cellphone and showing friend something

One of the easiest bonuses to take advantage of is the refer-a-friend bonus, and BetMGM Casino has one of the best online casino referral bonuses in the business. All you have to do is invite a friend to join the site, and once they do, you’ll receive extra credit into your account. This works by providing your friend with a coupon code, which will then automatically reward you once the friend signs up (or completes a certain action on the site).

Online Slot Bonuses

If you’re a fan of casino slot games, the site may offer you free spins on your favorite online slots or no-deposit bonus codes that you can redeem for specific titles. Watch out for BetMGM Casino bonus codes that may apply to your favorite online slots. 

Live Dealer Casino Game Bonuses

Many sites offer live dealer casino games, like roulette or blackjack. These versions of popular titles are hosted by real dealers, with players taking part via live stream. To promote this relatively new form of gambling, many casinos offer live game bonuses to players.

Grab Your Bonuses and Place Your Bets at BetMGM Casino

Join BetMGM Casino and play anytime via the website or the casino app. BetMGM Casino offers a unique and ever-growing menu of casino table games, online slots, live dealer casino games, and variety games.

If you’re interested in sports betting, why not visit BetMGM Casino’s sportsbook after a gaming session? At the end of the day, no matter how you like to gamble, BetMGM Casino has something for everyone. To find out for yourself, register here.

Remember, you can use your BetMGM Casino rewards both online and in physical MGM-owned casinos.

Actress Vanessa Hudgens flipping casino chips next to the text "The King of Casinos"
About the Author

BetMGM

Read More

Our BetMGM editors and authors are casino experts with a wealth of knowledge of the online casino industry at all levels. Their coverage includes company news, game reviews, how-to instructional articles, strategy guides, and editorials showcasing BetMGM’s superior product and game library.

Our BetMGM editors and authors are casino experts with a wealth of knowledge of the online casino industry at all levels. Their coverage includes company news, game reviews, how-to instructional articles, strategy guides, and editorials showcasing BetMGM’s superior product and game library.