Why do Online Casino Bonuses have Wagering Requirements?

September 23, 2014

Online Casino Bonuses have wagering requirements attached to them because if they didn’t, players could simply withdraw the bonus cash without playing in the casino and the casino operators would quickly go bust. Players usually have to wager their bonus funds X amount of times before any of their winnings can be cashed out. Let’s take a quick look at how this works.

When you sign up to any fully NZ online casino such as Spin Palace Casino, Jackpot City Casino, Ruby Fortune Casino, Gaming Club Casino or Cabaret Club Casino, you will instantly receive some kind of welcome bonus as soon as your account has been activated. This new player welcome bonus (aka sign up bonus) is generally a deposit bonus, which means that when you go ahead and make a deposit, the operator will drop some kind of bonus into your account.

The matching deposit that you could have just accepted could be a 100% matching deposit bonus worth up to NZ$200. This is a fairly standard kind of deposit bonus and it just means that the casino will match anything that you deposit, dollar-for-dollar, up to a maximum of NZ$200. In other words, you can double up on your first ever deposit and the minimum deposit amount at most Microgaming powered casinos is usually somewhere between NZ$5.00 and NZ$20.00.

This particular bonus will also have a wagering requirement attached to it, which you must complete before you can withdraw any winnings that you happen to make (from your bonus cash). If the casino gave you NZ$100 bonus cash WITHOUT any wagering requirements (which are otherwise known as playthrough requirements), there would be nothing stopping you from withdrawing your cash and spending it down your local pub. This is why you have to complete the wagering requirements first.

You can always the forfeit the bonus cash at any time, which means that you wouldn’t have to complete any more wagering requirements and you would be left with your initial deposit. Also, some online casinos state that you must complete your wagering requirements within X amount of time. This could be one week, one month or even one year. It will vary a great deal from one online casino to the next.

If a deposit bonus that you accept has a 30x times wagering requirement attached to it, it means that with a deposit of NZ$50, you would need to wager a total of NZ$1,500 before any winnings become cashable. Sometimes the bonus amount also needs to be wagered, so you would need to wager a total of NZ$1,550 instead of NZ$1,500. A 30x wagering requirement is fairly standard, but it can be as low as 10X, up to as high as 60X times the deposit amount.

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