Last Updated: February 14, 2022
Deposit Bonus Meaning – Cash Reward Added to Player’s Real Money Deposit
A deposit bonus is a type of reward online casinos create to attract potential customers and retain existing players. Deposit bonuses are one of the most common types of promotions, and you can find them at nearly every online casino.
For example, an online gambling site might offer you a 100% deposit bonus worth up to $500. This means that the casino will match your deposit 100% with bonus money, up to a maximum amount of $500.
So, if you deposit $500, you receive $500 in bonus money. But if you deposit $501, a $1000, or any other amount, you’ll still receive the maximum $500 bonus.
You should also know that the deposit money isn’t free money, and is not readily available for you to withdraw.
If you wish to withdraw it to your bank account, you’ll first need to clear the deposit bonus terms and conditions, most notably marked by the wagering requirements.