Best Cashback Casino Bonuses 2024

How Casino Cashback Bonuses Work

Cashback is a bonus offered by an online casino to try and bring players back after they have lost some money on the gaming lobby. Similar to other in-house promotions, such deals are typically given to both new players and loyal members. We can roughly divide cashback offers into the following types:

1. Cashback on losses (usually, it’s given to regular players on a weekly/monthly basis).
2. Cashback bonus for new players (usually, it’s around 50% of the first deposit, in case this deposit is lost).
3. Loyalty Program cashback.

This offer will issue you refunds on your losses after they have accumulated over a predefined period, which could be a day, a week, or even over one month. Whilst the terms and conditions applicable for cashback bonuses vary from one online casino site to another, the basis of how the offer is awarded remains the same: the house pays back a given portion of the bettor’s losses over a given period.

Cashback casino bonuses are paid out directly to your account, and, at times, they are offered as credit towards more gameplay. Thus, if you’re a loyal casino high roller who places huge wagers each month, then you’ll definitely get more bang for your buck when it comes to cashback bonuses.

On average, online casinos offer cashback bonuses ranging from anywhere between 5 to 20% of the losses you accrue. And in the case of new player cashback bonuses, this could go as high as 50% for your first deposit, in case you lose your initial deposit. However, bear in mind that casinos that offer players bigger amounts will usually require you to place larger bets for you to claim your money. That said, every cashback bonus operates differently, and that’s why you must always read the bonus terms and conditions before opting in.

Cashback Terms and Conditions Overview

It’s virtually impossible to find an online casino that will give you a cashback in the form of free money that you can just withdraw. As soon as you accept the bonus, you’ll often be required to fulfill particular requirements before you can withdraw the earnings you received from the bonus.

A lot of offers of this type come with lower wagering requirements that range from only 5x to 20x of the bonus you receive. Additionally, some bonuses are awarded exclusively for specific games such as slots, table games, or live dealer games. It all depends on where you’re playing. So, before using this offer, check such things as:

• wagering requirement;
• time limit;
• included games.

Hot Cashback Casinos

Are you ready to cash in on a cashback bonus? Here are some of the most lucrative deals that you can grab today:

Vulkan Vegas Casino Loyalty Cashback Bonus

As an ongoing player at the Vulkan Vegas casino, the house offers an exclusive complimentary loyalty program, which lets you earn real money bonus offers for the bets you lose. Each €10 spent in games (except live dealer casino games) will earn you 1 complimentary point. The total loyalty points you accrue during your time with Vulkan Vegas will earn you a given amount of cashback, which ranges from as little as 3% up to 12% of all your losses.

Betsson Casino Cashback Loyalty Promotions

At Betsson online casino, there’s a cashback bonus on offer for poker players. The casino has a tailored Loyalty Program that rewards you from your very first poker hand. Play the Betsson real money games or tournaments to collect your loyalty/reward points, and you’ll earn some pretty juicy prizes.

The table below summarizes how the Betsson casino Loyalty Program works for various tiers:

Genesis Casino Live Dealer Casino Cashbacks

In Genesis Casino’s live dealer games section, you can get up to $200 back when playing the live casino games. Your cashback will be credited to your account on Tuesdays by 15:00 GMT. To take part in the promotion, you’re required to opt-in during the promotional week. The promotional period is between Tuesdays 00:00 to Monday 23:59 GMT.

How to Calculate the Cashback Amount

Different online casinos may have different cashback formulas, but let’s take the formula used by VulkanVegas Casino as an example:

(weekly deposits-(withdrawals+bonus money+current balance))*k= weekly cashback

*K- the coefficient depends on the VIP status in the Loyalty Program.

Let’s say your VIP status in the casino Loyalty program is “New York”, you deposited $500 over a week and got $200 in bonuses in total; you wagered the bonus and withdrew $150, then played with the rest of your balance, and now you have only $10 left – in this case, you’ll be eligible for $9.8 bonus.

The formula is: ($500-($200+$150+$10))x7%= $9.8