Latest First Deposit Online Casino Bonus Codes for December 2023

The virtual attribute of an online casino makes the gambling experience different from a land-based casino—if not better. Users can play their favorite slot machine title or table game from the contentment of their homes. Meanwhile, the online gaming industry has grown exponentially and is in full bloom — new virtual casinos are making their debut more frequently than ever. Needless to say, there is an abundance of options available, and finding an all-inclusive casino can be a task sometimes. One way to identify a good online casino is by evaluating its promotional deals and slot machines. Owing to the fact that any reliable casino unquestionably has a bonus to welcome new customers.

A welcome bonus is a promotional deal that new customers get on their first real money deposit. And a welcome package can be divided into several parts—meaning you will have to make a few initial deposits for the purpose of redeeming the comprehensive indulgences of a welcome package. For example, an online casino offers a $500 welcome bonus upon the first three real money deposits by a new customer. Now in order to redeem the whole package ($500), you will require to make a first, second, and third deposit at a casino. A bonus on the first deposit can give you an extra bankroll to enhance your initial gameplay time at the new casino. This way, you can experiment with more slot games; therefore your playability will improve and so will your chances of winning.

Why do online casinos offer First Deposit Bonus?

The logic behind online casinos giving a bonus on the first deposit is simple. When you find a platform that requires you to deposit money to access its features—you always wonder if spending money is in your best interest, especially if you have never heard of that platform. Similarly, there are plenty of online casinos in the market, and you may not have heard about most of them. The casinos are aware of this fact and do their best to build trust between them and gamblers. One of the most common ways to do so is by offering a bonus on the first real money deposit - this gives gamblers an assurance that they are on the right platform and they now have extra money to play more games.

In addition to what has been said, the majority of casinos give a welcome package instead of first deposits. The substantial difference in both is that the former is valid for several initial deposits, and the latter is only valid on the first deposit. Not lose sight of the fact that casinos want you to stick around for longer, and a first deposit bonus does not help. For example, you get an offer on the first deposit and start playing slot games - but unfortunately, you lose. You have exhausted your bonus and real balance and are left with no valid reason to keep playing on that online casino platform. On the contrary, with a welcome package, you will be compelled to make a second deposit with the purpose of getting another bonus. Eventually, you start winning and keep wagering at that online casino.

How can you benefit from a First Deposit Bonus?

Casinos are always trying to persuade gamblers to come on board by offering first deposit bonuses. But can you benefit from them? Let’s find out!

If you are a novice looking to play online slot games, a first deposit bonus is very beneficial for you. It will help you get an extra bankroll to try out more slots and understand how an online casino works. Table games require a trained hand and you are most likely to lose money as a newbie—then why not start with wagering the casino’s money and not yours? This way, you will get expertise in the game and will be more confident in using your money.

On the other hand, seasoned gamblers can also benefit from a first deposit bonus. In the online gambling industry, no matter how many years of experience playing casino games you have under your belt - losing is inevitable. Therefore, an extra bankroll after losing can be of great help. Consequently, seasoned players are always on the lookout for free money sign-up bonuses.

Additionally, welcome bonuses are available upon small deposits such as $10, $20, etc. Payment methods at an online gambling platform have a minimum deposit amount which is of at least $10. So if you can fund your casino account with an amount that matches the minimum deposit requirements of a welcome package—you might as well opt for a bonus. For example, a casino is giving a 100% bonus on the initial deposit of $10 or more. If you make the qualifying deposit, your casino account will be credited with a 100% (Bonus) of your deposit amount. Thereon, you can use the real money balance and bonus together to play slot games.

How does a First Deposit Bonus work?

The functionality of the first deposit bonus is uncomplicated. All you have to do is find an online casino that provides them and register for a new player account. Thereon the casino will specify the minimum deposit to be eligible for a first deposit bonus.

Make the qualifying deposit, and the bonus will be credited to your casino account immediately. However, beginners fail to understand that this bonus is not a withdrawable balance.

To convert the bonus funds into a real cash balance - you have to complete the wagering requirements.

Wagering or rollover, or playthrough requirements is an obligation that every gambler must adhere to. Meaning the bonus funds must be played a certain amount of times on qualifying slot games. For example, you claim a $50 first deposit bonus with wagering requirements of 40x. You have to play $50 X 40 times for the purpose of being eligible for a withdrawal request.

Do all first deposit bonuses have wagering requirements?

Wagering requirements are a barrier every gambler faces, and there is nothing they can do about it. If the bonus is offered, you have to wager to cash out your winnings. That’s why No Wagering promotional offers are beloved by punters as those bonuses are not attached to any wagering criteria. Simply put, you get a bonus in the form of a real cash balance which can be withdrawn instantly. Now let’s come back to the question; do casinos offer first deposit bonuses without wagering requirements? YES. Many online casinos do not require players to wager the bonus received from the first deposit. Check our No Wagering promotional page for such bonuses.

Can you get a first deposit bonus on sports betting?

Many sportsbooks offer first deposit or introductory bonuses to draw new customers in. These bonuses come in the form of "free play" and cash bonuses, each of which has its own advantages. Free play bonuses will give players a portion of their deposit in free play funds with attached rollover requirements. When these funds are used to place a bet, however, the amount bet will still be removed from the balance regardless of whether it is won or lost. Cash bonuses, on the other hand, return both the stake and any profits made if the bet is successful. While free play bonuses are more common than cash bonuses in the online betting market, it is still worth doing your due diligence when deciding on which bonus offer to choose for maximum benefit.

Online casino platforms have an additional sportsbook section and their first deposit bonuses differ. The casino may offer you a match deposit bonus upon a qualifying deposit with a bet on minimum odds. For example, you must stake $10 on football with minimum odds of 1.5 to be eligible for a sports welcome bonus. Once you are qualified, the casino will give you bonus credits – using which you can place bets on your favorite sports.