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Best Cashback Offers & Bonuses at Legal US Casinos

Author:

Mike F

Updated:

19-08-22

Huge casino fan who loves the occasional sports wager. You can usually find me at the blackjack table or playing slots.

Cashback casino bonuses were never popular as welcome bonuses. This seems to have changed in the US, with online casinos like FanDuel and Stardust bringing them back to the forefront. There is a lot to gain from an insurance cashback bonus, even when compared to deposit match bonuses, and we will let you in on all the secrets in this guide.

With many of the top US gambling sites offering cashback casino bonuses instead of deposit bonuses to new players, there must be something positive about them. Traditionally reserved for high rollers via the casino loyalty schemes and as reload bonuses, a cashback casino bonus provides a safety net.

Players join the site, use their own real money to play slots and casino games, and if things go south, they get back some or all of the lost funds. Yes, you heard that right. There are 100% cashback casino bonuses on legal online casinos, making these offers – potentially – the best for new users.

Top Online Casinos with a Cashback Welcome Bonus

475 ratings
Review
$100 No Deposit + $1,000 Play it Again Bonus
21+. T&C Apply
21+. T&C Apply
  • Amazing choice of slots & games
  • First Day Risk Free Up to $1,000 & $100 No Deposit
$100 No Deposit + $1,000 Play it Again Bonus
21+. T&C Apply
21+. T&C Apply
Promo Code: BONUS10
331 ratings
Review
Up To $100 Real Cash Back
21+. T&C Apply
21+. T&C Apply
  • Easy deposits & withdrawals
  • Casino games & bingo
Promo Code: BONUS10
Up To $100 Real Cash Back
21+. T&C Apply
21+. T&C Apply
Promo Code: TROPTEN
531 ratings
Review
Up To $100 Real Cash Bonus
21+. T&C Apply
21+. T&C Apply
  • Awesome slot games
  • Tons of promotions
Promo Code: TROPTEN
Up To $100 Real Cash Bonus
21+. T&C Apply
21+. T&C Apply
Promo Code: GUSA
987 ratings
Review
$800 in Free Spin Credits on $400 Net Losses
  • Free Spins credited based on value not number
  • Excellent range of slot and video poker games
Promo Code: GUSA

Before selecting the best casino cashback bonuses, we take time to read through the terms and conditions attached to these offers. There, you can discover how much value they can pay out, the rate at which they cover your online casino losses, and whether they are cashable or come with wagering requirements.

Knowing this, we can easily rate all cashback offers, from the best to the least profitable. On top of that, we leave out any online casinos that are not licensed to accept US players since they are unlikely to pay out winnings, despite their impressive cashback bonuses.

The following are the best five online casinos with a cashback bonus, licensed to operate in select legal states that allow online gambling.

PointsBet Casino – $800 Cashback Free Spins

PointsBet Casino Cashback

PointsBet is an Australian operator who migrated to the USA and competes closely with the gambling giants. Taking on BetMGM Casino and Caesars Casino requires innovation, and PointsBet Casino has plenty of it.

Instead of a traditional welcome bonus, it offers a cashback casino bonus of a 200% rate in free spins. Players who lose $400 or over will receive $800 in free spins from PointsBet Casino. These apply on selected IGT slots and only on net losses within 72 hours of your first deposit.

The PointsBet Casino promo code is currently available for Michigan players, despite the launch of the app in NJ, PA, and WV.

Opening a PointsBet Casino account means more than just a cashback bonus since there are reload offers, a loyalty program, and a great selection of online slots, table games, and live dealer games.

Virgin Casino – 100% Cash Rebate up to $100

Virgin Casino Cashback

The Virgin Online Casino is only live in New Jersey so far. Players can use the Virgin Casino code BONUS10 to receive a 100% cashback offer of up to $100. The offer applies on net losses within a week of playing at the casino, with a minimum deposit requirement of $10. What’s great about this cashback bonus is the no-wagering element. Essentially, players receive the offer as no deposit $100 no wagering bonus.

In terms of games, Virgin Casino has slightly over 200 of them. These are mainly video slots, with a few table games. Powered by IGT, High 5 Games, NetEnt, and other companies, you can be certain of a great gambling experience at Virgin Casino.

Tropicana Casino – 100% Cashback up to $100

Tropicana cashback online bonus

Tropicana is another NJ online casino with a $100 cashback bonus. The Tropicana Casino promo code for the offer is TROPTEN, entered during the registration process. Owned by the Gamesys Group, Tropicana is a Virgin Casino sister site. As a result, you can expect the same terms and conditions – no wagering for the cashback bonus and a $10 minimum deposit.

Online bingo, keno games, 130+ slot machines, and table games are provided for your enjoyment at Tropicana Casino. Users can play without any risk using the cashback offer, with additional promotions keeping your bankroll uptight – a Community Jackpot, referral bonuses, and loyalty rewards.

FanDuel Casino – 100% Risk-Free Cashback up to $1,000

FanDuel Casino Cashback

FanDuel doesn’t advertise its welcome bonus as a cashback casino offer, but that’s precisely what it is. And a hefty one. Players located in WV, NJ, PA, MI, and CT can sign up at FanDuel Casino, deposit, and start playing their favorite casino games.

For any losses within 24 hours, FanDuel will give you a second chance for up to $1000. The cashback is provided at a 100% rate, which means you get back anything you lose up to $1000. A single wagering requirement applies here.

A $100 no deposit bonus is also part of the FanDuel Casino promo code, released in four weeks at $25 increments. Since the platform has 800+ FanDuel Casino slots and games, the more you can get, the better. Reload casino offers, the FanDuel referral scheme, and weekly tournaments set players up for an exciting gambling journey.

Stardust Casino – $1000 Play It Again

Stardust is a sister site of FanDuel Casino, so it shouldn’t be surprising that it provides new players the same cashback online casino bonus. New players can join without a Stardust Casino promo code, play any of the top-rated casino games, and for any net losses within a day, they get a 100% refund of up to $1000.

There isn’t a no deposit casino bonus at Stardust, but the games and software are equally impressive to FanDuel. The site can be accessed in PA only, where players can get many other cashback casino no deposit promo codes as existing PA players.

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 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. And even then, most cashback bonuses are wagering free and instantly cashable.

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; although sites like FanDuel and Stardust Casino break away from such trends.

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 terms 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 risk-free. 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.

Reading the terms and conditions of the online casino offering the cashback bonus is the key to making the most of it.

How to Qualify for a Cashback Welcome Bonus

As previously mentioned, cashback bonuses are easy to claim. In most cases, they will be instantly credited to your account without any action required from you. This might differ based on the online casino cashback bonus you go for. Still, let’s see how it would typically work:

  1. Click on one of the banners from this page to reach the online casino with the corresponding offer.
  2. Register with the required account information and verify your account.
  3. Make the first deposit using the payment methods provided by the site. A promo code might be required at this stage if outlined on our promotional banners.
  4. Use the funds to play any of the qualifying casino games, per the site’s terms and conditions
  5. If lady luck is not by your side, that’s okay. The cashback will be credited once the promotional period is over. Have another go at it or cash out, losing literally nothing for playing casino games.

Cashback Bonus Codes

475 ratings
Review
$100 No Deposit + $1,000 Play it Again Bonus
21+. T&C Apply
21+. T&C Apply
  • Amazing choice of slots & games
  • First Day Risk Free Up to $1,000 & $100 No Deposit
$100 No Deposit + $1,000 Play it Again Bonus
21+. T&C Apply
21+. T&C Apply
Promo Code: BONUS10
331 ratings
Review
Up To $100 Real Cash Back
21+. T&C Apply
21+. T&C Apply
  • Easy deposits & withdrawals
  • Casino games & bingo
Promo Code: BONUS10
Up To $100 Real Cash Back
21+. T&C Apply
21+. T&C Apply
Promo Code: TROPTEN
531 ratings
Review
Up To $100 Real Cash Bonus
21+. T&C Apply
21+. T&C Apply
  • Awesome slot games
  • Tons of promotions
Promo Code: TROPTEN
Up To $100 Real Cash Bonus
21+. T&C Apply
21+. T&C Apply
Promo Code: GUSA
987 ratings
Review
$800 in Free Spin Credits on $400 Net Losses
  • Free Spins credited based on value not number
  • Excellent range of slot and video poker games
Promo Code: GUSA

A promo code is often required for welcome bonuses. The same is true for cashback offers. As we highlighted above, two of the listed online casinos list a promo code – BONUS10 and TROPTEN. For Virgin and Tropicana, you must provide the codes during the first real money deposit. Otherwise, you won’t be enrolled in the cashback promotion.

It is important to use the casino codes when required, and you will only know this if checking out this page or the terms and conditions of the cashback offer. In other instances, like with FanDuel and PointsBet, the cashback will automatically be added to your account if you are unlucky. Just make sure to use our links when signing up.

Choosing the Best Online Casino with a Cashback Offer

Most casinos offer similar cashback bonuses for new players. Still, one casino might not set any wagering requirements, while another might provide a high maximum bonus. Limitations on the games you can play are also worth taking into consideration since you don’t want to miss out on your favorite games just because you want to participate in the promotion.

This page has set out to explain how cashback bonuses work, so you now hopefully know how to use them at the best casinos. All listed sites are licensed and stand by your side when you have an unlucky streak – so use our links to sign up if cashback sounds like your kind of bonus.