Best Cashback Offers & Bonuses at Legal US Casinos

Cashback Bonus Explained

An online cashback bonus works like most other bonuses. However, players must first wager some money to qualify, usually within a given time. The cashback bonus will kick in when things go south, and you lose more than you won within the set timeframe. As a result, your account will get credited according to the cashback bonus terms and conditions – returns at a given rate up to a set maximum bonus cap.

The returned money will either be real or bonus funds, cashable, or restricted by wagering requirements. In the latter scenario, you must play the cashback bonus money a few times before withdrawing from the casino.

Here is a breakdown of how cashback offers work at online casinos:

• Players join the site and make a deposit; a bonus code might be required to qualify.
• Then, you must play all of your deposit or at least some funds and produce net losses (lost more than you won overall)
• After the timeframe set by the cashback offer, you will receive a percentage back of your net losses; i.e., if you played $500 with a 50% cashback bonus and lost it all, you will receive $250
• If there are no wagering casino bonus requirements, you can play or cash out the bonus funds as you please

As outlined above, most US online casinos provide a welcome cashback bonus of 100%, which is never the case with offshore gambling sites.

Cashback Offers for Existing Players

Online casino cashback bonuses were traditionally aimed at existing, high roller, or loyal players. The most common ways to receive cash back from the casino included the following.

Reload cashback bonus offers – players who deposit and play on a selected day each week are often provided with a safety net. The casino usually reloads their account with 20% up to 50% as bonus funds for net losses. Daily cash back bonuses might also be available at some online casinos.

High roller cash back casino promotions – any real money deposits of $500, $1000, or more who end up in losses usually receive some casino, usually 5% or 10%, cashback with no wagering requirements. This is not an offer set in stone, but most online casinos offer cashback bonuses in such instances to compensate high rollers for their bad beats.

Cashback casino offers for loyal players – most casino loyalty programs feature 10 VIP levels. A cashback casino bonus is often activated on weekly net losses at the five highest levels. The rate here varies based on VIP level, often starting at 5% all the way to 25% for the highest tier. This is a fair and great way to get some of the cash invested at the casino back.

Although most cashback casino bonuses work as outlined above globally, the listed operators offer them as a welcome bonus instead. And at a 100% rate, which is more than welcome.

Benefits & Drawbacks of a Cashback Bonus

Even the best cashback bonus is usually not enough to impress new players, which is why most online casinos avoid them. The best online casinos employ bonuses and promotions to attract new players. These are then enticed to deposit as much as possible to get the maximum bonus offered.

A cashback bonus doesn’t provide more money on your initial deposit but rather some of the money lost back. The majority of players gamble to win without thinking of lost money or that things won’t go as planned. However, as any experienced player will tell you, the cashback bonus is the best offer in all regards.

Due to its nature, players are not tied to promotional terms with a cashback bonus unless they lose at the casino. With a 100% cash back bonus, the funds you can get equal the money you would receive from the best online casino bonuses – but only if you lose the first time you play.

On the other hand, users who deposit small amounts like $20 or $50 might prefer a different bonus offer. A match bonus could give them a better shot since they can stake more money as they play. A similar point is that most cashback casino bonuses apply up to a low maximum bonus value.

Cashback vs. Deposit Bonuses

Most online casinos offer promotional offers that double the initial player deposit. As such, it is only fair to compare the best cashback bonuses to the most common bonus at the casinos, helping you take your pick.

Cashback bonus

(+) Low or no wagering requirement

(+) Available at a 100% match rate

(+) Very few, if any, terms and conditions

(+) Most of the games included in cashback offers, and not just slots

(-) Players who win do not benefit from the welcome bonus

(-) Value tends to be smaller than deposit bonuses

(-) Available at only a few legal online casinos

Deposit match bonus

(+) Very high bonus caps, even at $2000

(+) All new players can claim it

(-) Very high wagering requirements

(-) Low rollers do not get much out of it

Cashback Bonus Terms and Conditions

The best thing about a casino cashback bonus is the flexibility it provides. In most cases, players do not need to do anything to receive some of their cash back. When joining an online casino, though, it is essential to know what to look out for. Doing this will ensure you play with a strategy in mind, where cashback offers can help you profit while playing casino games.

Minimum casino deposit – all bonuses require a minimum deposit to qualify, often along the lines of the lowest accepted online casino deposit. Most of the online casino cashback offers outlined require a $10 minimum.

Promotional period – the casino will not just give cash back when you first land a losing bet. Instead, they highlight a period, ranging from 24 hours to a week, within which you can play casino games without the fear of losing money. By the end of it, if you have lost more money than you initially had, you will get them back.

Account funds – some cashback offers only activate when your account has less than $1. Other offers apply on net losses without weighing your online casino’s real money.

Wagering requirement – although rare, sometimes the cash you get back must be wagered at the casino once before you can withdraw them.

Qualifying games – again, most casino cashback bonuses do not restrict any games. However, you might only get funds back for playing slots and table games, i.e., no progressives or live dealer games.

Expiration date – if the cashback is released as bonus funds, you must wager them within a set time or lose them.