Best Online Casino Cashback Bonuses in April 2024
$5,000 Welcome Bonus
Why Should You Trust Us?
This page is the perfect place for you to learn about cashback bonuses. Why? Because we’ve already done all the work. One of our expert casino reviewers has opted into every single bonus covered on this page, so we can personally tell you how the offer works. We believe that using actual first-hand experience and original opinions is the only way anyone should be writing about online gambling and bonuses.
The team here at WSN.com is made up of real gambling fans, many of whom have been playing online for decades. We’ve seen just about every type of casino bonus on offer over the years, and we know what sets a great bonus apart from a good one. We know our way around cashback bonuses. We understand their appeal, and the nuances required for them to really make a difference to you. And we’re explaining it all here.
Our Choice of the Best 2 Casino Cashback Bonuses
1. FanDuel Casino
Best For: Mobile Gambling ��
FanDuel is one the most popular gambling sites in the US, with the highest rated mobile app in the country. If you like gambling on the go, FanDuel is the perfect choice for you. If you're on the lookout for more casinos with great mobile apps then take a look also at our top rated casino apps.
FanDuel also provides my number one cashback bonus, which is worth 100% of your net losses in the first 24 hours of play on the site, up to a maximum of $1,000. Plus, there’s 200 free spins thrown in too. Here’s how it works.
To claim this offer, you just need to and make a qualifying deposit of $10 or more. That will be enough to trigger your bonus spins, with 50 becoming available immediately. Another 50 will appear every day for the next three days.
The “bonus period” begins as soon as you make your qualifying deposit, and lasts for 24 hours. After that time, if you have net losses at FanDuel (meaning you have less money in your account than you have deposited over the whole bonus period), you’ll get that amount refunded in bonus funds, up to $1,000. FanDuel advertises that it can take 72 hours for the bonus funds to become available, but during my tests it was much quicker and arrived in a couple of hours. Bonus funds have wagering requirements of just 1x, which I love, and you have seven days to play through it.
This offer is my number one pick for a couple of reasons. The $1,000 limit is generous, it’s very easy to opt-into the offer with no promo code required, and the 200 free spins is a perfect extra sweetener.
Pros:
Daily bonuses from the Reward Machine
Multi-part welcome offer
Excellent mobile app
Cons:
Help Section a little hard to access
Loyalty program not as good as some competitors
WSN rating: 4.5/5
App rating: 4.8/5 (iOS); 4.7/5 (Android)
2. BetRivers Casino
Best For: Low Wagering Requirements ��
BetRivers is a simple and easy to use platform, with a site-wide policy of 1x wagering requirements for all promos. If you want to make the most of great user friendly on-running promos, BetRivers is ideal.
The BetRivers welcome offer is similar to FanDuel’s, but less slightly valuable overall. Again, you can claim 100% of your net losses back in the first 24 hours after you join the site, but this time up to a maximum of $500. All you need to do is , use the code the BetRivers automatically fills in during registration, and make a qualifying deposit of $10 or more.
After 24 hours, your net losses will be refunded in the form of bonus cash, up to $500. The refund appears in your account automatically, in my experience a couple of hours after the 24 hours elapsed. BetRivers’ policy of 1x wagering requirements on all promotions is a real highlight of the site, and it makes this a great offer too. You have 30 days to play through the bonus funds after you receive them, which is a generous timeframe.
It’s worth noting that BetRivers’ welcome offer varies a little depending on the state you are playing in. For instance, in Pennsylvania the maximum you can claim as a refund is $250.
Pros
1x wagering requirements on all promos
Simple and beginner friendly platform
Great selection of games
Cons
Android app could be improved
News feed doesn’t really add much to the software
WSN rating: 4.5/5
App rating: 4.4/5 (iOS); 3.3/5 (Android)
What Are Casino Cashback Bonuses?
Cashback bonuses are designed to refund some of the money you have lost or gambled, usually over a specified period of time. As a rule of thumb, the longer the time period the smaller the portion of cashback you are likely to receive. For instance, you might get a 100% cashback bonus for 24 hours, but a 5% cashback bonus for 30 days.
Casino cashback offers mean you get to play with a bit of a safety net, and help guard against losses over time. There are some important conditions to be aware of, however.
Despite the name, you almost never receive actual cash as a refund from a cashback bonus. Instead, like with most casino bonuses, the refund comes in bonus cash or site credit which you can’t withdraw without first using it to gamble.
Bonus cash from cashback offers often have low wagering requirements of just 1x (meaning you just need to bet with it once to unlock the money), which is contrast to the bonus cash on offer from deposit match bonuses and other offers. This could have much higher wagering requirements, anywhere from 10x-40x.
Cashback offers also normally apply to net losses only, in terms of how much you have deposited and withdrawn from your account. The basic formula is like this (although there can be other variables too):
Net losses = Deposits - Withdrawals - Bonuses
This is an important concept that can trip players up. Let’s say you get a 10% cashback bonus for seven days, and make a deposit of $50. After two days, your $50 has turned into $1,000. On the seventh day, you lose all of your $1,000 without withdrawing anything.
After all this, how much cashback do you receive? You get $5, which is 10% of your original $50 deposit. Even though at one point you had $1,000 in your account and you spent a lot of money gambling on the site, the casino still only considers your net losses to be your original $50 deposit.
Types of Cashback Bonuses
Cashback bonuses can take many different forms at online casinos:
Cashback Welcome Bonuses
With this offer, the casino normally refunds 100% of your net losses over your first 24 hours on a site. The percentage refund and the timeframe can vary a little, and there is always a limit to the amount of money you can receive back. These offers are available for new players only, and you may need a promo code to unlock your bonus. The two cashback offers covered on this page, from FanDuel and BetRivers, are examples of this type of offer.
Sometimes these offers are advertised as a “risk free 24 hours”, but this is not strictly accurate since your refund comes in site credit, not regular cash you can withdraw. But it’s still a good offer, and especially valuable to more risk-averse players who appreciate some insurance against running up losses.
Along with deposit match bonuses and free spins, cashback bonuses are among the most common welcome offers at US casinos. They are also the most valuable form of cashback bonus you can find.
Daily/Weekly/Monthly Cashback
These are similar offers, but designed for existing players as a kind of reward for playing regularly on the site. In this case, the casino usually offers a much smaller refund of around 5% or 10% of your net losses over a longer period of time, like a week or a month. These offers can be ongoing, meaning you might be able to claim a small cashback every single month that you wind up losing money.
They may also be tied to certain games, so that you receive 10% cashback on your net losses from playing Big Bass Bonanza, or some other specific slot or other game.
Money Back If… Bonuses
With this type of offer, you can get a refund if something specific happens in a game, like a certain combination of symbols lands in a slot or a specific number lands twice in a row in roulette. These offers are also common at US sportsbooks, where you might receive a refund on your parlay if just a single leg is unsuccessful or if a certain player scores a touchdown.
VIP Cashback
Sometimes cashback offers are part of the casinos rewards club or VIP club. Every time you gamble you earn loyalty points, which determines your tier in the VIP club. The higher your tier, the more benefits you unlock - which can include cashback offers. Often the percentage of cashback you can claim increases as your tier climbs.
Wager Free Cashback / Real Money Cashback
This is an uncommon type of offer where you can receive a refund in real cash that you can withdraw, rather than site credit that has wagering requirements. Casinos very rarely hand out real money for free, so if you do find a real money cashback offer it is likely to be on the smaller side.
On All Losses
Again, this is a very rare offer where the casino offers a cashback bonus on all the money you lose, rather than just your net losses. You can expect some other strict terms and conditions with these offers, including very high wagering requirements and a cap on how much you can claim.
Why Choose Casinos with Cashback Bonuses?
There are lots of reasons to claim a cashback bonus.
One huge advantage they have over many other casino bonuses is the low wagering requirements attached to the bonus cash you receive.
We’ve written this many times before on many pages, but wagering requirements make a huge difference to the real value of casino bonuses and the overall user experience at the casino. Knowing that you just need to gamble with your bonus cash 1x before it can be withdrawn provides clarity and peace of mind, which shouldn’t be underestimated. And of course, make the bonus cash more valuable.
