Best Cashback Bonuses 2024
A casino cashback bonus allows gamblers to minimize losses and increase their chances of winning big at online casinos. Cashback bonuses are just as they sound; the casino offers you a percentage of your wager back if you’ve lost a lot of money while gambling. This offer is very generous to both low and high-rollers looking to recoup money and continue playing at gambling sites.
The team of experts at CasinoGrizzly has put in the hard work and found the best cashback casino bonuses with the fairest terms. We’ve also created this guide on how to use cashback bonuses, understand the terms, and what you need to look for in this bonus offer. Let’s get right to it!
New Casinos with Cashback Bonuses
| Rank | Casino | Cashback | Cash bonus with 1st deposit | Terms and Conditions | Play |
|---|---|---|---|---|---|
| 1 |
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Cashback 25% | Cash bonus with 1st deposit 100% up to 1500 $ | Read review Play | |
| 2 |
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Cashback 10% | Cash bonus with 1st deposit 150% up to 500 $ | Read review Play | |
| 3 |
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Cashback 10% | Cash bonus with 1st deposit 200% up to 1500 $ | Read review Play | |
| 4 |
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Cashback 10% | Cash bonus with 1st deposit 200% up to 1500 $ | Read review Play | |
| 5 |
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Cashback 10% | Cash bonus with 1st deposit 200% up to 1500 $ | Read review Play | |
| 6 |
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Cashback 10% |
Cash bonus with 1st deposit
100% up to 750 $ |
Read review Play | |
| 7 |
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Cashback 10% | Cash bonus with 1st deposit 200% up to 1500 $ | Read review Play | |
| 8 |
|
Cashback - |
Cash bonus with 1st deposit
100% up to 300 $ |
Read review Play | |
| 9 |
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Cashback - |
Cash bonus with 1st deposit
150% up to 150 $ |
Read review Play | |
| 10 |
|
Cashback - |
Cash bonus with 1st deposit
150% up to 400 $ |
Read review Play | |
| 11 |
|
Cashback - |
Cash bonus with 1st deposit
400% up to 100 $ |
Read review Play | |
| 12 |
|
Cashback - |
Cash bonus with 1st deposit
100% up to 300 $ |
Read review Play | |
| 13 |
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Cashback - | Cash bonus with 1st deposit 100% up to 500 $ | Read review Play | |
| 14 |
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Cashback - | Cash bonus with 1st deposit 100% up to 250 $ | Read review Play | |
| 15 |
|
Cashback - |
Cash bonus with 1st deposit
100% up to 500 $ |
Read review Play | |
| 16 |
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Cashback - | Cash bonus with 1st deposit 125% up to 200 $ | Read review Play | |
| 17 |
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Cashback - | Cash bonus with 1st deposit 100% up to 166 $ | Read review Play | |
| 18 |
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Cashback - | Cash bonus with 1st deposit - | Read review Play | |
| 19 |
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Cashback - |
Cash bonus with 1st deposit
100% up to 200 $ |
Read review Play | |
| 20 |
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Cashback - |
Cash bonus with 1st deposit
200% up to 50 $ |
Read review Play |
Best Casinos with Cashback Bonuses
What is a Cashback Casino Bonus?
A cashback casino bonus is a gambling promotion that helps players recoup losses by offering them back a percentage of their losses or a single lost bet. A cashback casino can be real cash or casino credits that you can use on various games for a set amount of time.
Cashback bonuses come in many forms but usually range from 10% to 30% of your losses. However, some casinos offer up to a 50% return on losses on your first bet as a new player.
Cashback bonuses differ from one casino to the other. The best online casinos are more generous, offering higher percentage values and higher limits on the cashback bonus. Others will limit your cashback to losses on a particular game type: slots, blackjack, roulette, baccarat, poker, or even live dealer games. When claiming a casino cashback bonus, you must read through the terms and conditions of the offer before claiming it.
How Does a Cashback Casino Bonus Work?
Since cashback bonuses offer players a percentage of their losses back, there is usually a capped maximum amount that players can receive. So, how does it work?
For example, say there is a cashback bonus worth 20% up to $100. In this case, $100 is the maximum amount you can receive, regardless of how much you’ve lost. If you get a 20% cashback bonus up to $100 and lose over $1,000 within the period, usually, you can claim up to $200 back. However, the max limit of $100 will be applied, meaning you’ll only receive that amount in your casino account.
Cashback offers are often time-constricted, and you can receive these bonuses daily, weekly, or monthly. This means you may receive a refund on your losses within 24 hours or throughout the week and for that particular month. For example, you could be offered a daily cashback of up to $100. If you’ve lost $50 that day, you will get the $50 back in your account for the next day. However, if you’ve lost $250 during 24 hours, you will only receive $100 back.
The cashback offer could also be specific to losses on a particular game. This means you may only receive cashback credit, bonus money, or free spins if you’ve lost money on a specific slot, table game, or live dealer game.
Types of Cashback Bonuses
Cashback bonuses can be daily, weekly, or monthly offers and could be a part of other bonus packages. Below, we’ve listed the most common types of cashback bonuses you can find at online casinos.
Welcome cashback bonuses for new users
Welcome packages targeted at new players are one of the most exciting cashback offers you will find at online casinos. Cashback bonuses that form a part of the welcome package or first deposit bonus will give players a percentage of their bet amount back if it turns out to be a loss.
At some online casinos, the cashback offer could be as high as 100% of the lost bet amount. For example, if you make a bet of $50 as your first bet on your new player account, you could be offered 100% of that bet amount if the bet turns out to be a loss. Bonuses that are part of the welcome bonus are only limited to the first bet you make at the casino.
Cashback promotions for existing users
Promotions for existing customers are the main cashback deals you can find at online casinos. This is one of the marketing strategies used by casino sites to encourage players to continue betting on the platform. Cashback bonuses for regular players could be a daily refund of a certain percentage of your losses on a specific game.
Cashback free spins
Cashback bonuses usually offer casino credits or real cash. However, it is not uncommon to find a casino that offers free spins as its cashback bonus. Cashback with free spins is usually offered for use on a particular slot. For example, you could receive several free spins on a specific slot you’ve played and lost money on.
VIP cashback bonus
VIP cashback bonuses are offered to players to reward them for their loyalty. The loyalty or VIP program could be a tier reward system; with each bet you make, you will receive loyalty points. Once you’ve collected a certain number of points, you can redeem these for casino bonuses, including cashback bonuses.
VIP bonus rewards are more lucrative than regular casino offers since you get bigger bonuses and better terms and conditions for these bonuses. Cashback bonuses for VIP players are also more likely to be more frequently available.
Sports bet cashback
Some casinos double as sports betting sites and offer cashback bonuses on bets. For example, some sportsbooks can offer cashback bets on specific sports games where you’ll receive a percentage of your losses back if you make an unsuccessful wager.
Can You Get a 100% Cashback Bonus?
Although it’s rare, you can find 100% cashback bonuses. However, these bonuses will still usually be capped at a certain amount. For example, Gambola has a 100% cashback bonus of up to C$40, meaning you can only get $40 back.
The reality is that it is unlikely any casino will refund you 100% of your gambling losses. Some VIP programs allow you to get 100% cashback bonuses on certain bets or games, but it is unlikely that low rollers or casual gamblers will enjoy promotions like these.
Top 5 Cashback Bonus Offers
Are you looking for the best casinos with the most lucrative cashback bonus offers? Below are the top 5 options to consider when getting started.
| Rank | Casino | Cashback amount | Offer type | Wagering | Max bonus amount |
|---|---|---|---|---|---|
| #1 | Barz | 50% | Sign-up | No wagering | C$425 |
| #2 | Vegas Lounge | 50% | Sign-up | No wagering | C$400 |
| #3 | Goslot Casino | 11% weekly | Lifetime | 1xB | N/A |
| #4 | Paradise Casino | Up to 11% weekly | Lifetime | 1xB | C$1000 |
| #5 | Skycrown Casino | 10% weekly | Lifetime | No wagering | C$1000 |
How to Claim a Cashback Bonus
The cashback bonus is one of the easiest casino promotions to claim. In most cases, the casino will offer you a bonus; all you need to do is accept the offer with the tap of a button. However, in some cases, you must manually claim the bonus - here's how to do so.
Cashback Casino Bonus Terms & Conditions
All cashback casino bonuses have terms and conditions which determine how you use the bonus. These rules spell out the maximum win limit on the cashback bonus, the validity of the bonus, and what games you can play. Reading the terms and conditions of the cashback bonus before claiming it could help you determine if the bonus offer is worth your time. Below is a closer look at the terms you’ll come across:
Wagering requirements
Wagering rules require you to bet the value of the bonus or your winnings several times before you can cash out your winnings. For a $20 bonus with a 30x wagering requirement, you’d have to bet $600 on casino games before claiming any winnings from the bonus, which can be frustrating for online players.
Unlike regular bonuses, some cashback offers are free from wagering requirements. Once you receive the funds in your account, you can use the money to play casino games and withdraw your winnings immediately. The best cashback casinos do not attach any wagering requirements to their cashback offers, but some do. Fortunately, in such cases, the playthrough requirements are usually low, such as 1x or 2x.
Expiration date
Cashback bonuses don’t last forever, and like every other bonus offer, they come with an expiration date or validity period. The validity period of the bonus is often 60 days from the time you receive it. Always read through the terms and conditions of the bonus to find out the expiration date so that you can use up the bonus offer before then.
Percentage limits
Cashback bonuses don’t cover your total losses for the week or month, and there are limits to the offer that determine just how much you can receive. Cashback bonuses only pay back a fixed percentage of losses, usually 10% or 20%.
The size of the loss determines how much you could receive. For example, a cashback of 20% on a weekly loss of $100 will only pay you $20 in bonus funds. Moreover, a cashback offer could have a maximum amount of $100 per week. To put this in context, if you lost $3,000 over the week and received 20% as cashback, you should receive $600. However, if the maximum cashback amount is $100, you will only receive $100.
Game eligibility
Some cashback bonuses are only for use on certain games. For example, you may receive a cashback bonus for a certain slot game, meaning you’ll only receive money back for losses on that game. Furthermore, you may only be able to use a cashback bonus on certain games like classic slots or the best blackjack casino variations. Other games like poker may be exempt from use with the bonus.
Cashback Rewards for Live Dealer Games
Live casino cashback rewards are bonus offers limited to live dealer games. You can get a refund on your losses on live dealer games like blackjack, roulette, poker, baccarat, and craps.
For example, Rizk Casino offers a cashback bonus of up to 25% of your net losses of up to $250 in real money. No wagering requirements are attached to this bonus offer, meaning you can claim your winnings right after you’re done with the bonus offer.
We recommend you check the terms and conditions of the offer. The bonus comes with different percentages of your losses, which should benefit both low and high-rollers at online casinos.
Pros & Cons: Cashback Casino Bonuses
Cashback bonuses come with many perks, but there are also many drawbacks. Here's what you need to consider when using casino cashback bonus offers.
Pros
- Unlike deposits match bonuses that require you to add money to your account, you don't have to deposit anything to claim this bonus offer.
- You can recoup losses and save some money.
- Cashback bonuses are fairly common, meaning you can claim them frequently.
Cons
- You won't always win money with the cashback bonus, meaning you could still incur losses.
- The cashback bonus encourages you to gamble more which could cause you to continue spending more over the longterm.
Best Daily Cashback Casinos
Daily cashback offers are not common, but a handful of online casinos offer them. These daily bonuses could give you a percentage of your losses for that particular day.
Sometimes, the daily cashback offer is only for use on a particular game type. For example, you can receive a refund on your losses for playing online slots or table games. The daily cashback could also be for a particular game title, like the Starburst slot or American roulette. Only players who’ve lost money on these slots are eligible for the cashback bonus.
We’ve checked through every available casino that offers cashback bonuses and found the top 5 daily cashback casinos with the best terms and offers.
| Ranking | Casino | Payout Speed | Win Rate |
|---|---|---|---|
| #1 | Yaa Casino | 2 days | 95.83% |
| #2 | Skol Casino | 2 days | 95.27% |
| #3 | Rizk Casino | 2-5 days | 96.68% |
| #4 | William Hill Casino | 3 days | 97.24% |
| #5 | Betway Casino | 2 days | 97.39% |
What Makes a Great Casino Cashback Bonus?
Cashback bonuses should offer better returns to players. However, not every cashback offer will give you a great deal. When checking out a cashback deal, check for the features below – if the bonus has these, it is likely a great offer.
- High bonus amount: Generally speaking, the higher the bonus amount, the better the bonus is. Larger free cash sums or free spins mean you can play more games for a longer period.
- High cashback percentage amount: If you want to recoup more of your losses, then look for bonuses with higher cashback percentages. A bonus offering 50% of your losses back will give you more money than one offering 10%.
- Long validity period: The bonus should have a long validity period so that you can use it without feeling rushed. If the bonus is only valid for 24 hours, then it may be best not to use it.
- Low or no wagering requirements: If the bonus has wagering requirements, ensure these are low. You don’t want to enjoy a big win and then lose all of those winnings by completing large playthrough requirements.
- No game restrictions: A good cashback bonus should allow you to use the bonus deal on various games. While this isn’t always possible, try to get a bonus that doesn’t restrict you to just one game.
How to Calculate a Cashback Bonus
Cashback bonuses are straightforward to understand. However, some players might have difficulty wrapping their heads around how these bonuses are calculated. To help you understand cashback bonuses, here are three examples of how to calculate a cashback bonus.
- First, let’s assume you receive a 20% refund offer on a specific slot like Gonzo’s Quest. If you lose up to $50 on that slot, you will get $10 as a cashback bonus. You can go back and bet on the slot using the new funds.
- You could also receive cashback bonuses on your daily losses. If you lose bets of up to $100 on a single day and get a 20% refund, you will receive $20 to play with.
- Casinos also offer cashback bonuses on monthly losses. If you get a monthly cashback, there will be a limit on how much you can claim. For example, an online casino could offer 25% cashback up to a limit of $100. If you’ve lost up to $1,000 within the month, you should receive a $250 cashback; however, you will only be eligible for the maximum limit of $100.
Are Cashback Casino Bonuses Legal in Canada?
Cashback bonuses are 100% legal in Canada. Remember that online casinos restrict bonuses to players from specific regions and countries. Therefore, bonuses may differ from region to region, and Canadians may not be eligible for all bonuses at each casino.
In addition, the legality of an online casino is the ultimate factor determining whether any of the bonuses are legal. For example, safe casinos in Canada must hold a valid license from reputable regulatory bodies like the Malta Gaming Authority, the UK Gambling Commission, and the Kahnawake Gaming Commission. Look for a license from at least one of these authorities before claiming the bonus at the casino.
Find a Casino Cashback Bonus Offer Today!
Cashback casino bonuses are great deals for regular players who want to minimize their losses. However, this bonus type only offers you a fraction of your losses, and there is the temptation to play with even more money to recuperate other losses. Ensure you stick to your budget regardless of how lucrative the cashback offer is.
Check out our list of the best cashback casino sites at the top of this site to find a promotional offer that works for you.
FAQs: Casino Cashback Bonus
Do I have to claim the casino cashback bonus?
You have to opt-in to claim the cashback bonus at most online casinos. To do this, you must navigate to the promotions section, click on the cashback bonus, and opt in. You'll automatically receive the cashback bonus in your account. Sometimes, you must enter a code to claim the bonus.
Are cashback bonuses safe?
Yes. As long as you're playing at a licensed and safe online casino, you can trust that the cashback bonus is safe to use. Check for a UKGC, MGA, or the Kahnawake Gaming Commission license and confirm that the casino uses SSL encryption to secure your data.
How is a cashback bonus different from a welcome bonus?
A cashback bonus is an offer that will refund your losses from betting on casino games within a particular period. On the other hand, a welcome bonus is an offer for new casino players. You might have to deposit to claim the welcome bonus.
What are the cashback percentages usually?
Cashback percentages usually fall within the range of 10% to 30%. If the cashback offer is part of the welcome bonus, you might see a higher value of up to 50%. Some very generous casinos will offer up to 100% on your first bet at the casino if it turns out to be a loss.
What is the maximum cashback amount?
The maximum cashback amount is the limit as to how much you can claim. For example, if you receive a 20% cashback up to $100, $100 is the max limit you can claim. The casino determines the maximum cashback amount, and different types of cashback bonuses would have different maximum limits. Daily bonuses usually have the lowest maximum limits.
Why do casinos offer cashback bonuses?
Casinos offer cashback bonuses to keep players gambling at their casinos. Cashback bonuses are a type of loyalty bonus given to users who play at the casino and lose money. By giving money back to players, casinos can ensure they continue to gamble.
What casino has the highest cashback bonus?
Paradise Casino offers an 11% weekly cashback bonus up to $1,000, which is a great deal, especially for high rollers. This means, you can claim a decent amount of your losses back each week.
Do all casinos offer cashback bonuses?
No, not all casinos have cashback bonuses available. We've found the top Canadian casinos with these offers and featured them at the top of this guide.
How do I know if a cashback bonus is good?
A decent cashback bonus should offer players a high amount and have a relatively large percentage amount too. Moreover, the bonus should have a long validity period and be eligible for use on many different games.
Do any cashback bonuses come with 0 wagering requirements?
Yes, sometimes casinos offer cashback bonuses with no wagering requirements attached, like PlayOJO. However, this is uncommon, so it is rare you'll come across these bonuses.
At CasinoGrizzly, John Volter is known as something of an online casino and gambling expert. He has a wealth of knowledge thanks to his 10+ years working in the industry and can answer even the most obscure questions the various online casinos - he knows them all in detail as he has signed up to more than 200+ online casinos.
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