Casino Cashback Bonuses

There’s nothing better than getting free money. With a casino cashback bonus, that’s exactly what you’ll get.

This is not an uncommon bonus to get at an online casino, but not every casino offers this to their customers. The best online casinos in Canada will though, and we’re all about finding the best. Some will be worth more money, some will have different wager requirements; sometimes it will be based on how much you lost in a day, and sometimes it will be based on how much you lost in a month. One thing is consistent though: The money you get back is based on a percentage of how much money you lost. It’s a nice little incentive to keep players playing, and it distributes the pay-out money for online casinos, in case you are in a slump.

Table of Contents

• What Is A Cashback Bonus?
• How To Claim A Cashback Bonus
• Which Canadian Casinos Have The Best Cashback Bonuses?
• Three Of The Best Canadian Casinos With Cashback Bonuses
  • TonyBet Casino
  • Vegas Lounge
  • Fortunate Jack Casino
• Terms And Conditions
• Pros & Cons Of Using Cashback Bonuses
  • Pros
  • Cons
• Conclusion
• Casino Cashback Bonus FAQs

What Is A Cashback Bonus?

Like any business, the best online casinos in Canada want to keep their customers happy and coming back for more. Online casinos will offer different types of bonuses, one of them being a cashback bonus. What this essentially is, is when a casino offers back a percentage of money that a customer has lost or gambling credits.

Part of the fun of playing at a casino is the thrill that you may lose money. Obviously, everyone wants to win, but in the world there are winners and there are losers. If you have had a particularly bad outing at an online casino, it’s nice to know that you can get some of the money you lost back..

The good thing about cashback bonuses is you can cash them out with all forms of currency, as long as the casino is compatible with the payment method. Whether you are using PayPal, Neteller, Skrill, or even Crypto, it really makes no difference.

Sometimes a cashback bonus will be in the form of a casino credit only, in which case, you will have to gamble with it. This will be in the terms and conditions, so you’ll be able to know what you are getting.

Most cashback bonuses are between 10-20% (sometimes as low as 5%) and vary from casino to casino. 

How To Claim A Cashback Bonus

To claim a cashback bonus at a Canadian casino, most of the time you will need a coupon code or an activation code. This code is awarded to VIP or loyalty players, or as a limited-time offer that a casino will make to all its customers. The thing to remember is that being a VIP customer means making more bets, so higher percentage cashback bonuses are offered to players who have gambled more money than a regular client.

Sometimes, this will be offered regardless of your rank in the VIP program—like if there is a limited-time promotion—there might be an offer to you of 5-20% money cashback to use for the next time you play. This will be in the form of a coupon code and once you apply it will come back into your account as real money (if you end up losing, hopefully, it doesn’t come to that).

Some casinos opt out of the user activation codes completely and will put cash back in their VIP customer’s account directly on a weekly or monthly basis.

The two main things you should know when claiming a cashback bonus are it’s designed around player loyalty and you can only qualify for it if you are on a losing streak. 

It is typically automatically accredited to you, meaning they will put the money back in your account or send you the activation code so you can claim it. You don’t have to apply for it.

Which Canadian Casinos Have The Best Cashback Bonuses?

There are many online casinos in Canada that offer cashback bonuses, as well as other bonuses, like no deposit bonuses and live casinos bonuses; all you have to do is research a bit before signing up for any particular one. There are other things you may want to consider when signing up for a casino, such as sign-up bonuses and the variety of games they have to offer. Let’s examine how many casinos there are in Canada that offer cashback bonuses and then look at some that are considered the best.

Remember, cashback bonuses are not offered at every online casino, and the percentage will vary depending on where you are playing. Also, there is almost always a cap: i.e. you can’t lose $10,000 and get $2,000 back at 20% if there is a cap of $500 dollars.

 Refer to the table below for some cashback basics:

Cashback Bonuses: Key Facts
#️⃣ Number of Casinos	20+
💲 Typical Percentage	10-20%
💰 Max Cap.	Yes
🎰 Casino Games	Live casino, Blackjack, Roulette
🌎 Country	Canada

Three Of The Best Canadian Casinos With Cashback Bonuses

It’s debatable which are the best Canadian casinos for cashback bonuses; everyone will have their opinion of what the best overall casino is for different reasons. Let’s examine three casinos that not only offer cashback bonuses but are highly rated in other areas as well. So, in no particular order, here they are:

TonyBet Casino

TonyBet has been around since 2003, and they know how to deliver a great online casino experience. With over 3,500 games to choose from—and a handsome welcome bonus—this is a great Canadian casino to choose if you are looking for a thrilling night of gambling. 

The way their loyalty program works is you get CP points, which can be traded in for bonuses. One of those bonuses is a cashback bonus, which can be activated before you start playing and having some fun.

In addition, some sporting events come with cashback offers, depending on what promotion they are running, which can be anywhere from 10%–20%.

Vegas Lounge

This casino has an interesting take on a cashback bonus; they incorporate one as part of their welcome bonus. At the Vegas lounge, for your first week, you can claim a 50% percent cashback bonus, up to $400. This is a much higher percentage than most casinos offer, and as such, is only offered for a limited time. So take advantage of it while you can!

Fortunate Jack Casino

Fortunate Jack has one of the best cashback bonuses we’ve seen. Not only does it not have a wagering requirement, but it has both a deposit/bet cashback bonus and a monthly cashback bonus, which will be a different percentage depending on what level you are in their loyalty program. The highest is yacht status, which comes with a 10% monthly cashback bonus.

Terms And Conditions

Terms and conditions are important to check out when redeeming any bonus at a casino. Not all cashback bonuses are the same, and depending on the casino, they can come in a variety of different forms. Generally speaking, they have an activation or promo code that must be punched in before using. 

Sometimes, with sports betting, there can be cashback bonuses offered as an incentive to get more people to gamble on a certain event. For example, if a fight or a game had a low number of people betting on it, an online casino may offer you a cashback as a way of getting more people to bet on it.

Pros & Cons Of Using Cashback Bonuses

Like with any online casino bonus, there are some Pros and Cons to being eligible and using a cashback bonus. Let’s go over a few of them:

Pros

• Free Money

Who doesn’t like free money? A cashback bonus is essentially free money and free money is great: It’s how you have to qualify for this free money that isn’t so great..

• Easy activation

Casino cashback bonuses are easy to activate and typically don’t come with any wagering requirement (not always true, but usually). It’s free money put in your account if you’ve activated the code before playing games and ended up losing.

• Designed around loyalty

Loyalty is a hard thing to find in the world today. Most companies want to incentivize things to get new customers to their business, but cashback bonuses have higher percentages for loyal customers. In other words, loyalty pays.

• No playthrough requirements

As said before, there are usually no playthrough requirements: it’s simply a bonus code in your account for you to use the next time you play.

Cons

• You have to be losing to qualify

As if it wasn’t obvious enough what the biggest con of a cashback bonus is, it’s that you have to lose money at an online casino before you can qualify for a cashback bonus. In a perfect world, you could sign into a casino, bet $100, and turn that into $500 every time. If only that could be true.

• Not offered at every casino

Casinos don’t have to offer cashback bonuses, so some won’t. But, to be competitive in the industry, a lot will because they know their competitors are offering these bonuses.

• There is usually a cap

There is almost always a cap on cashback bonuses. Although some don’t have a cap—which is very rare—it’s very likely they will come with a cap, and this should be noted before using one so you know what the max you can get from it is.

• Time-sensitive

Another setback to a cashback bonus is that it will almost always come with an expiration date. So use it while you can.

Conclusion

No matter what bonus you are receiving in an online Canadian casino, it’s important to read the fine print. Cashback bonuses can be a get incentive to keep you gambling, but it’s best to always play within your limits, and never lose too much in the first place.

Casino Cashback Bonus FAQs