Best First Deposit Bonus Casinos in 2023

Table of content

If you’re looking for a first deposit bonus for a great real money gambling experience in Canada, then you’re in the right place. New casino players can receive a first deposit bonus upon signing up for an account and use free funds or free spins to begin playing real money games.

Each operating casino will offer a different first deposit bonus, making it hard for new users to find the best deal. That’s where CasinoGrizzly comes in. We’ve scoured the web for the best first deposit bonuses at online casinos in Canada and compiled them in this article. Check out this guide to find the best first deposit bonus casino and enjoy top-rated games today.

Best First Deposit Bonus in 2023

What is a First Deposit Bonus Exactly?

A first deposit bonus rewards you for creating a new member account at an online casino. Every Canadian casino offers different first deposit bonuses, so you may receive a no deposit welcome, a deposit bonus, or even free spins for slots.

No matter what kind of new casino first deposit bonus you redeem, you will usually be able to use it on an array of games and new titles and potentially increase your winnings just by signing up at a casino site.

What Makes a First Deposit Bonus Attractive?

Canada’s best casinos that offer first deposit bonuses will instantly boost your account balance if you’re a gambler playing for real money. You will receive free funds that you can use to play many games so that you can start generating payouts!

A first deposit bonus sets new casino members off to a great start. The signup offers can often come in the form of bonus packages, offering multiple deposit match bonuses and free spins to use on slots.

How to Get a First Deposit Bonus?

To get started at the best first deposit bonus online casino, you just have to follow a few simple steps. Find out how to get started at a casino below, and in just a few minutes, you will be playing the best games for top payouts.
Estimated time needed: 00:03 Tools needed: Our list Supply needed: Money
Choosing a casino from our list
Choose from our list of sites We have done the research to provide you with the most trusted casinos in Canada that feature the best first deposit bonus online. Just select a casino to get started and cash in on the great offers. Step 1
Register at one of our casinos
Open an account To benefit from the latest offers, you will have to create a member account. This will make you eligible for a first deposit bonus. Step 2
deposit with real money thumps up
Make a deposit When you add funds to your casino account, you can redeem the first deposit bonus and all other listed promotions. You must deposit a minimum amount to be eligible for any real money bonus deals. Step 3
Win at the casino
Play and Win Use your casino bonus funds to start wagering on your favourite games. You can claim free cash and spins to use on titles and start winning right after opening a new account! Step 4

Best First Deposit Bonuses in Canada

Most online casinos offer first deposit bonuses, which can kickstart your gambling experience and help increase your chances of winning more money. However, some online casino bonuses are far better than others. Here’s a brief overview of the top first deposit bonus offers and where you can find them:

  1. Jackpot City Casino: At Jackpot City, the casino offers a first deposit match bonus of up to $400. Your second, third, and fourth deposits also allow you to claim up to $400 worth of bonus money on each one.
  2. Spin Casino: Like Jackpot City, you can claim up to $400 when you first deposit money at this casino. You can also get up to $300 on each second and third deposit.
  3. LeoVegas Casino: When you first add money to your Leo Vegas casino account, you can receive up to $1,000 of bonus cash and a 200 free spins bonus for use on Book of Dead.
  4. 888 Casino: When you deposit $100 at 888 Casino, you can get $100 free! You’ll then be able to use this cash on various casino games.
  5. Casumo Casino: If you don’t want to deposit a lot of money on your first deposit, then Casumo Casino’s welcome bonus is a great option. You can get up to $25, and 20 bonus spins on select online casino games.

Best No Wagering First Deposit Bonuses

While first deposit bonuses are a great way to increase your casino funds and improve your chances of winning, playthrough requirements may be attached. Fortunately, there are a few no wagering bonuses available at Canadian online casinos, and you can claim these when making your first deposit.

Wager-free casino bonuses have no wagering terms meaning you don’t need to play through winnings to cash out your money or follow game restrictions. One of the best first deposit bonuses with no wagering terms attached is from PlayOJO Casino and consists of 50 free spins.

Highest First Deposit Sign-up Bonuses

Online casino sites are always trying to attract new players, and one way they do so is by offering high-value bonus package offers. These first deposit bonuses can consist of just bonus funds or money and free spins.

If you’re looking for the highest bonus, check out the offers below:

Of course, the actual bonus value will vary depending on the wagering requirements attached. Remember to read these thoroughly since you may claim a high-value bonus with 35x wagering requirements. You may then end up spending more money than you earn.

Match Bonuses

Most first deposit online casino bonuses come in the form of match bonuses. A match bonus is a promotional offer that gives you bonus money, matching your deposit. So, if you deposit $50, the online casino will give you $50 in return, meaning you have $100.

Most match casino bonuses have limits, meaning the casino will only match your deposit up to a certain amount. You won’t receive additional money past the set amount if you exceed the limit.

Casino 100% Bonus

Many online casino sites offer 100% deposit match bonuses. For example, Jackpot City’s first deposit bonus is a 100% match bonus up to $400. Unfortunately, these casino bonuses are only available for new players and not existing customers.

Casinos with 200% Bonus

Although less common than the 100% match bonus, you can also claim a 200% bonus at some online gambling sites. These promotional offers crop up occasionally, with casinos like CasiGo and Jackpot Molly regularly offering 200% match deposit bonuses. At some sites, you may be able to claim this bonus as both a new and existing player.

500% Casino Bonus

A 500% bonus gives your casino balance a massive boost. However, it is a reasonably rare bonus to encounter since it rewards you with a lot of bonus money. Neon Vegas offers a 500% match welcome bonus of up to $500. This means you could have a starting balance of $2,500 at this casino. However, if you’re already registered at Neon Vegas Casino, you won’t be able to enjoy this bonus.

How We Test First Deposit Casino Bonuses

When deciding on the best first deposit welcome bonuses, we don’t just look at what the bonus offers and place it on our list. We also test out the bonus to see how it works and what it entails. Here’s our process:

  1. Check bonus offers and compare their actual value: First, we compare deposit offers to find the best casino bonuses. Not only do we look at what they offer on the surface, but we also check the real bonus value. This means we check the wagering requirements to see whether these are too high and will cause you to spend more money than the bonus is worth.
  2. Claim the bonus and use it: We then claim the bonus and put it to use at the online gambling site. We make sure that you can use it with various casino games and ensure that you can make decent bet sizes using the bonus balance. By using the bonus first-hand, we can ensure that we only recommend the best promotional offers and inform you of any terms that come with the bonus.
  3. Withdraw bonus winnings: Finally, we cash out our bonus or free spins winnings. We do this to ensure that the wagering requirements are easy to complete and that there are no hidden terms that you need to meet when you want to get a payout. We also check how fast you can get winnings from your bonus so that you’re not waiting too long to receive your funds.

What to Consider Before Accepting a First Deposit Bonus

First deposit welcome bonuses are designed to look attractive, so many players rush to claim them. However, there are many things you need to consider before accepting one of these exclusive bonus offers. Below is what you need to look out for.

Wagering requirements

Most online casino first deposit bonuses have playthrough requirements, meaning you’ll need to wager your winning bonus before withdrawing them. We recommend choosing welcome bonuses with no more than 20x wagering requirements since anything more than this could cost you a lot of money.

Minimum deposit amount

You’ll often need to meet the minimum deposit amount to claim first deposit free spins or a cash bonus. At some casinos, the minimum deposit could be $1, whereas, at others, it may be higher.

Withdrawal limits

Online casinos will often have withdrawal limits attached to first deposit casino bonuses. This means you won’t be able to withdraw over a certain amount, even if you win a large sum. Casinos put payout limits on exclusive bonus offers to ensure that they don’t lose too much money by giving players first deposit free spins and cash.

Game selection

There may be game restrictions attached to the bonus you play. This means you may only be able to play certain casino games with the bonus. You may be restricted to playing slots and unable to use bonus cash in live dealer games. Moreover, certain games contribute to the fulfilment of wagering requirements, which is worth keeping in mind.

Payment methods

Some first deposit bonus casinos offer specific payment method bonuses. For example, you may be able to claim a PayPal welcome bonus if you use this e-wallet as your payment method. Make sure you don’t miss out on a great first deposit offer by not using the correct banking method.

Region Specific Content

While Canadians can play at online casinos outside of Canada, not all bonuses will be available to them. Some casinos are region-restricted, meaning you cannot access them and take advantage of their great bonuses. Furthermore, the bonuses may not be available in CAD and might require you to deposit in another currency like USD.

Maximum and Minimum Bets

Some first deposit welcome bonuses have maximum, and minimum bet amounts attached to them. This means you will be limited to the bets you can make using the bonus, which affects how much you can win and may make it harder to complete wagering requirements.

Payout requirements

Remember that you’ll only be able to withdraw your bonus winnings if you complete the wagering requirements first. Moreover, once you start gambling with the bonus, you must follow through with all wagering requirements.

Terms and Conditions

You can find all the above details in the bonus terms and conditions. Therefore, checking the bonus terms before accepting one is extremely important. That way, you can use the first deposit welcome bonus fully informed.

How Do Casinos Make Money on a First Deposit Bonus?

The online gambling industry is full of first deposit welcome bonuses, which may leave you wondering how casinos make any money if they constantly give away bonus spins and cash. There are a few ways that first deposit bonus casinos profit from having a few exclusive offers available:

Other Types of Casino Bonuses

The best online casinos are always trying to attract new members, and one of the most effective ways of doing this is with a first deposit bonus. However, there are also many types of other casino bonuses that players can enjoy at leading sites. Most casinos offer daily, weekly, and monthly bonus promotions that players can claim and enjoy.

If you want to get started playing with bonus funds, read about the most popular types of offers you will find at online casinos in Canada. Every bonus gives you a chance to earn free money or free spins to play the latest slot games.

Deposit match bonus

A deposit match bonus is the most commonly offered bonus at Canadian casinos. You need to make the first deposit to claim this bonus. Once made, the site will offer a match bonus. Most welcome deals are for 100%, but some casino sites offer these deals for 200% or more, making this promotion a great way to kick off your gambling session.

Fixed cash bonus

With a fixed cash bonus, you’ll receive a set amount of money when you make a qualifying deposit. You will get the total bonus if you deposit the minimum amount. For example, if an offer is for $50 free with a deposit of $10 or more, it does not matter if you deposit $10 or $100; the fixed cash bonus will remain at $50.

Free spins

Free spins are an excellent way for a new player to get started at an online casino. Anyone who loves to spin the reels on slots will enjoy a first deposit bonus. Some bonuses require a deposit, while others may offer free spins with no deposit required.

You’ll find that many sites often offer exclusive free spins bonuses when a new slot game is released. This provides a way to check out the new title and discover payouts, bonus rounds, and more.

No deposit bonus

A no deposit bonus does not require you to make any deposit to a new account; you must register as a new player. Once the registration is complete, the site will credit you with the no deposit bonus. This is often for a small amount of casino money or a few free spins to help you get started at the casino. You can use these offers to play real money games and earn payouts, all with no risk or obligation.

No deposit bonuses are helpful when comparing casino sites since you can claim the offer and see what games are available. If you are unhappy, you do not have to remain a player at that casino!

Cashback bonus

Cashback bonuses are great for players that return to a site and gamble frequently. These deals are often presented as weekly or monthly offers. The casino will give a match bonus based on your losses over time, and most cashback bonuses provide between 10% and 25% of those losses in bonus funds. You can then use these funds to play more games and try to recoup your past losses!

No wagering bonus

One of the best casino welcome offers is the no wagering bonus. While these are not overly common, they provide the best way to win money and cash out your profits. You do not have to spend additional funds to clear the bonus requirements with no wagering requirements. Once you have used the bonus and have generated payouts, you can request a withdrawal and will be able to enjoy what you have won!

The only catch is that bonuses with no wagering requirements have a maximum cashout value much lower than other bonuses.

Pros & Cons: First Deposit Bonus

As a new member, there are some great benefits of claiming the latest first deposit bonuses. Before you make a decision, check out our list of pros and cons. We want you to have the best experience possible and be aware of all terms associated with bonuses and bonus play. Since each casino has different offers and each bonus works differently, it is important to be aware of the advantages and disadvantages of using any casino bonus online.

Pros

  • Enjoy an instant boost to your casino bankroll
  • Use bonus funds to play new game releases
  • Use no deposit bonus to play risk-free
  • Earn payouts when using bonus funds and preserve your bankroll

Cons

  • Not all games can be played with every first deposit bonus
  • Some bonuses will have high wagering requirements in place
  • Bonuses will often require a minimum deposit
  • Most first deposit bonuses will be restricted from use on progressive jackpot games

What to Expect from a First Deposit Bonus

When looking to play at the best online casinos, you must ensure you are playing at a licensed and respected site; this will guarantee that the bonus you claim is legitimate, and you can expect fair terms and conditions.

When searching for the best first deposit bonus in Canada, try to find one with the highest value yet lowest wagering requirements. If you find a bonus that seems too good to be true, the chances are that it is. Sometimes, choosing an offer with a smaller bonus amount but very low or no requirements is a good idea. Always read the terms and conditions when redeeming any online casino bonus to understand all restrictions and requirements. Below are some things you will find in the provided terms.

If you fail to adhere to any of the provided bonus terms, you will lose any remaining bonus funds and forfeit winnings that have been won.

Get Your First Deposit Bonus Today and Play!

First deposit bonuses are the best way to start your gambling journey if you are a new casino player. While bonuses are designed to attract players, they are not all the same. Before you jump right in and choose to wager using bonus funds, always be sure to understand the bonus rules and restrictions.

New players will often look for the highest-paying first deposit bonus. While this can offer you a lot of free money, the wagering requirements may be pretty high. Bonuses with high requirements have a lower overall value, so comparing a few current offers is best before choosing where to play. We recommend browsing our list of first deposit bonus casinos above so that you can rest assured you have chosen the best offer for your needs!

FAQs: First Deposit Bonus

Are bonuses only for new customers?

No. While listed first deposit bonuses are solely for newly registered players, you will also find ongoing bonuses for returning members. If you have a casino account, check the promotions page to learn about the current offers for a chance to earn free cash and free spins to use on real money games.

Should I always claim the first deposit bonus?

While a first deposit bonus can significantly boost your account, you do not always have to take advantage of the deal. If the bonus has exceptionally high wagering requirements or the funds cannot be used on games you enjoy, it may be better to pass on the offer.

How do I withdraw my bonus?

You will not be able to withdraw bonus funds credited to your account upon redemption. If you earn money from using the bonus, then you can withdraw this money. To withdraw your earnings, you first have to meet all wagering requirements. After this, you can request a withdrawal from the casino cashier to remove your payouts from the account.

Can I use a casino bonus more than once?

The offer can only be redeemed once when you are using a welcome or new player bonus. You may find some online casinos offering recurring bonuses, where you can use the same offer or bonus code multiple times. Most of these deals will be for small amounts or a low number of free spins, but can be redeemed daily.

Does my first deposit bonus expire or have a limited timeframe after activation?

Yes. Every bonus you find at an online casino will expire within a specific timeframe. You will also have a set time limit to use bonus funds and complete wagering requirements. Any remaining bonus funds will be removed from the account and any money you've won using the bonus if time runs out.

Can I claim more bonuses after the initial first deposit bonus?

When you create a real money account, you can redeem any listed bonus offer. However, only one offer can be active at a time. You must complete all requirements of one bonus before you can redeem another. No a first deposit bonus can't be combined with any other offer.

Can I also get free spins for my first deposit casino bonus?

While some casinos offer only bonus funds on first deposit bonuses, others offer first deposit spins. You may be able to claim 100 free spins or even more after making the first deposit at an online casino.

How can you benefit the most from a first deposit casino bonus?

To ensure you get the best bonus value, you should choose a first deposit offer with decent wagering requirements. Moreover, it would help if you tried to use the bonus on games with free payout percentages and slots with low volatility.

Do all bonuses have wagering requirements?

Most bonuses have playthrough requirements, but some no-wager first deposit offers exist. These bonuses are rare since the casino essentially gives away free money with no guarantee of earning anything in return.

Can first deposit casino bonuses expire?

Yes, and most first deposit bonuses do have expiration dates. You can find the expiry date in the bonus terms and conditions.

Author John Volter

I'm a self-proclaimed Canadian casino expert who writes about online casinos, games, trends, and the latest news. I've been in the industry for over 10 years and have seen it transform rapidly. For this reason, I'm knowledgeabl... Read more about the author

CasinoGrizzly » Best First Deposit Bonus Casinos in 2023
Last updated: January 16, 2023