Best First Deposit Bonuses 2023

John Volter

If you’re looking for a first deposit bonus at an online casino in Canada, then you’re in the right place. New casino players can often receive a first deposit bonus upon signing up for a casino account and use free funds or free spins to play 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 Casinos with First Deposit Bonuses

What is a First Deposit Bonus?

A first deposit bonus is a promotional offer you can claim at an online casino when you add money to your account. Also known as a welcome offer, this bonus rewards you for creating a new member account at an online casino and depositing. All the best Canadian casinos offer different first deposit bonuses, so you could receive a match deposit bonus or even free spins for slots.

No matter what kind of casino first deposit casino 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.

How to Claim a First Deposit Bonus

If you've never played at an online casino using a bonus, the process of claiming a first deposit offer can seem daunting. But don't panic! The team at CasinoGrizzly has put together a step-by-step guide to help you claim a first deposit bonus, regardless of the casino you play at.
Estimated time needed: 00:05 Tools needed: Our list of casinosA good internet connection Supply needed: Money5 minutes
Choosing a casino from our list
Choose a casino from our list of sites Before you can claim a first deposit bonus, you need to find a casino offering one! We have done the research to provide you with the most trusted casinos in Canada that feature the best first deposit bonuses online. Just select a casino to get started and cash in on the great offers. Step 1
Register at one of our casinos
Open a casino account To be eligible for a first deposit bonus, you need to create a new casino account. The casino will generally ask you for information like your name, email address, and your SIN. Step 2
deposit with real money thumps up
Make a deposit & claim your bonus You now need to make a first deposit to claim the bonus. Go to the casino cashier, enter the minimum deposit amount required to claim the bonus, and choose a payment method of your choice. Enter your payment details and follow any necessary steps to verify the payment. Step 3
Win at the casino
Play & win! Use your casino bonus funds to start wagering on your favourite games! Step 4

Best First Deposit Bonus Casino Sites

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 our favourite first deposit bonus offers and where you can find them:

Casino First Deposit Bonus Minimum Deposit Wagering Requirements Bonus Code
๐Ÿ’ฐ 4Kasino $1,400 $25 40x Not required
๐ŸŽ OXI Casino 100% up to $150 & 100 free spins $30 45x Not required
๐ŸŽฐ Mango Spins Casino $500 & 200 bonus spins $10 30x Not required
๐ŸŽ Pribet 100% up to $300 $30 40x WELCOME200
๐Ÿ’Ž Simsino $500 & 275 free spins $10 25x Not required
๐Ÿ’ฐ Jackpot City Casino $1,600 $10 70x Not required
๐ŸŽฐ Spin Casino $1,000 $10 70x Not required
๐Ÿฆ LeoVegas $1,000 & 200 free spins $10 35x Not required
๐ŸŽฐ 888 Casino 100% match bonus up to $100 $20 30x Not required
๐ŸŽ Casumo Casino $25 & 25 free spins $10 30x Not required

Match First Deposit 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, and the online casino has a 100% match deposit bonus up to $100, it will give you $50 in return, meaning you have $100 to gamble with.

Below is a closer look at the most popular types of match deposit bonuses.

100% match bonus

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

200% match 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, and casinos like CasiGo and Jackpot Molly regularly offer 200% match deposit bonuses. At some sites, you may be able to claim this bonus as both a new and existing player.

500% match 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.

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 be money, free spins, or a mixture of both. If you’re looking for the highest bonus, check out the offers below:

Casino First Deposit Bonus Minimum Deposit Wagering Requirements Bonus Code
๐Ÿ’ฐ Las Atlantis $14,000 $10 35x LASATLANTIS
๐Ÿ‘‘ย El Royale Casino $12,500 $10 35x TRUECROWN
๐Ÿถ Red Dog $12,250 $10 35x WAGGINGTAILS
๐ŸŽฐ Slots Empire $12,000 $10 35x INFANTRY
๐ŸŽ Slots Room $10,000 & 200 free spins $35 40x Not required

First Deposit Bonus Casino Terms & Conditions

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, specific 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 casino 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.

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.

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. We’ve found a few of the top no wagering first deposit bonuses below:

Casino First Deposit Bonus Minimum Deposit
๐Ÿ’ฐ JeffBet 20 free spins $10
๐ŸŽ PlayOJO 50 free spins $10

How We Rate 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. Alongside our extensive casino assessment process, 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 the offer with the best 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.

Pros & Cons: First Deposit Bonus

Nothing is perfect and this goes for first deposit bonus deals. Before you claim one, make sure you're fully aware of the pros and cons of using these bonus offers.

Pros

  • Enjoy an instant boost to your casino bankroll
  • Use bonus funds to play new game releases
  • Win big with free cash

Cons

  • Not all games can be played with every first deposit bonus
  • Some bonuses have high wagering requirements
  • Bonuses often require a minimum deposit

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 casinos profit by offering first deposit bonuses:

How to Find the Best First Deposit Bonus

As you can see from this guide alone, there are plenty of first deposit casino bonuses available online. So, how can you ensure you find the best one for your needs? We’ve put together a checklist that online gamblers can use to guarantee they only claim the top first deposit bonuses.

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.

What online casino has the best first deposit bonus?

In terms of size, Las Atlantis has a great first deposit bonus worth $14,000. However, PlayOJO also offers a decent first deposit bonus of 50 free spins with no wagering requirements, meaning you keep what you win.

What online casinos give you free play for signing up?

Some casinos don't require an initial deposit to play at the casino, and many offer no deposit bonuses when you sign up. However, these bonuses almost always come with wagering requirements, meaning you don't enjoy entirely free play.

John Volter
John Volter
Casino Expert
46 Articles
20 Reviews

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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Casinogrizzly.com » Best First Deposit Bonuses 2023
Last updated: 16/10/2023