Casino Cashback Bonuses

A cashback bonus is a refund equal to a percentage of a player’s net losses over a set period of time. The amount of cashback returned varies between brands, but is generally between 5-20%, with some casinos offering more for higher depositing players.

Cashback bonuses should only be credited as either bonus money or real cash. Anything else such as free spins or free play is misleading and while we love a free spins bonus, we don’t recommend taking accepting one when it’s disguised as cashback.

Cashback is a way for casinos to reward loyal players and encourage them to continue playing. If used correctly and with caution, it can serve as a small, but welcome, buffer for your losses.

Type of cashback bonus

Although cashback bonuses are relatively simple to understand, there are many variables that determine how good a bonus actually is.

Firstly, you’ll want to find out the frequency that cashback is paid as payment schedules can vary between different casinos and slot sites. Bonuses are commonly credited daily, weekly or monthly, but shorter-term promotions are also available.

Next, we recommend that you read an offer’s terms and conditions to discover upon which the cashback is awarded. Many sites will credit you based on your overall losses, but some casinos only provide refunds on specific games.  

Finally, you need to understand the format in which cashback is awarded:

Real money cashback

It’s common for cashback to be credited to your real cash balance, with zero casino wagering requirements attached. The cashback percentages are usually lower when real money is involved, but you can choose to keep playing with the cash or withdraw it.

Bonus funds reward

If your cashback bonus has any playthrough requirements, it’ll be added to your bonus wallet and any winnings will become withdrawable once they’ve been fulfilled.

How to claim a cashback bonus

There are multiple ways to claim a cashback bonus so make sure you read the instructions to avoid missing out on a great offer.

Join, deposit and play

Casinos that offer no wagering cashback on a regular basis don’t usually require you to opt in. Look for a clause in a promotion’s terms and conditions which states that accrued funds will be credited automatically to your balance.

Use a bonus code

Some time-sensitive cashback bonuses require you to enter a promo code either in the registration form or in the cashier when depositing to accept the promotion.

Contact customer support

Where your online casino cashback is not credited automatically, you’ll need to contact customer service to claim your money. Just be sure to do this within the allocated time frame or you may lose out on the cash you’ve acquired.

Play on specified cashback days

Some bonuses are limited to losses accrued on particular days only meaning you must play at the casino during the specified time to qualify for money back.

Become a casino VIP

Cashback is a common perk for casino VIPs, with percentages increasing as you move through the ranks. Your VIP manager should inform you how to claim your enhanced cashback once you’ve reached the relevant level or ranking.

Playing responsibly

If you’re a regular casino and slots player, a cashback bonus is an attractive incentive to recoup some of your losses. However, it’s important to be careful and aware that no matter how much you play, your losses will far exceed your return.

We also discourage players from relying on slot or casino cashback bonuses as part of their overall bankroll or income. Bear in mind that a casino could revoke a cashback offer at any time, especially if you no longer qualify for its VIP scheme.

Cashback should always be a perk of playing online, not the sole purpose. Nor should it be a way of generating an income or a justification to keep playing when you are losing.

Should I claim a cashback bonus?

If you’re already regularly playing at a non-cashback casino, it might be beneficial to move your spend over to one with a cashback bonus to potentially get a regular kickback on your losses. Especially if you’re disinterested in ongoing promotions and want to be rewarded for spending consistently.

On the other hand, a cashback bonus isn’t necessarily the best promotion available. You may find that bonuses at a no wagering casino offer a better chance at winning money than an ongoing cashback scheme that relies on you losing your deposits.  

You don’t always have to choose between the two, however, as sites like PlayOJO offer no wagering promotions as well as a generous ongoing cashback incentive with real money returns on every bet – win or lose.