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It’s important to know the details of any bonus offer you accept at a legal Michigan online casino.
Each new offer that involves bonus credits, a deposit match, or sometimes even bonus spins, usually attach a wagering requirement.
This is important terminology to understand because it tells you how many times you need to wager the bonus funds before they will be eligible for withdrawal from your account.
Understanding the wagering requirement will help you know what kind of commitment you’re comfortable making in a bonus match situation.
Here’s a rundown of just how wagering requirements work and what bonus offers exist with low wagering requirements.
Explaining Wagering Requirements for Online Casinos
While most often referred to as a wagering requirement, you can see them listed as one of three ways. However, no matter how they are referenced, they mean the same things. You will likely see in the Terms & Conditions of a bonus offer:
- Wagering Requirement
- Playthrough Requirement
- Rollover Requirement
These all reference the amount of times you will need to wager bonus credits or bonus funds before you can remove the winnings from your account.
This language will be included in any T&C for a bonus offer. That includes offers with deposit matches, sign-up bonuses, loss back credits, and bonus spins. In most situations, bonus spins will not have any kind of major playthrough requirement. At most, it is usually just 1x of any winnings from the original set of spins. The other bonus offers tend to have more elaborate requirements to pay attention to.
Wagering Requirement Math: How Rates Apply To Your Bonus
So, you know what a wagering requirement is. Now it’s time to break it down as to how it actually impacts you and your bonus funds.
Requirements can range in a wide variety, but typically you will see them start as low as 1x and reach as high as 50x.
If the wagering requirement is just 1x, that’s pretty easy math for you. You just have to wager each credit 1 time in the time limit the operator provides you. Then, any winnings you have amassed from those wagers will be yours to keep and available for withdrawal.
Time limits can range from 3 days to 30 days for most welcome offers. Should you not meet the requirement in the time frame give, the online casino will remove your bonus funds and any winnings associated with it. If you don’t have the bonus amount left in your account, it will take what is remaining.
So, to provide some examples:
- If you have $100 in bonus credits with a 10x wagering requirement, you would need to make $1,000 worth of wagers before completing the requirement. If the time limit is seven days, you’d have seven days to make the $1,000 worth of wagers.
- If you have $50 in bonus credits with a 15x wagering requirement, you’d need to make $750 worth of wagers to complete the requirement and be able to withdrawal any winnings.
Not All Online Casino Games Count Toward Requirement
Another important factor you will find in the terms and conditions of a bonus offer is what games apply to a wagering requirement.
In most cases, online slots have 1-1 value. So, a $1 wager on a slot counts $1 toward the requirement. Sometimes operators will exclude specific slots, more often than not they are high RTP slots, so be sure to note any specific games that are excluded.
Table games and live dealer games often don’t carry 1-1 value. These can have value as low as 5%, or sometimes none at all. Sometimes they have 1-2 value or 1-5 value. In 1-5 value, you would need to make $5 in wagers to meet $1 of the requirement. So, that would add another 5x to the listed requirement if you elect to play only those particular games.
Video Poker is often a game that is never counted toward a wager requirement, so don’t look to use your bonus funds toward that game.
Again, it’s very important to look through the terms and conditions of the offer to know exactly what is required of you and what games you can play to meet that requirement.
Low Wagering Requirement Bonus Offers
If looking for a Michigan online casino bonus offer with low, or no, wagering requirement, here’s a list of some available options.
| PA Online Casino | Bonus Offer | Wagering Requirement |
|---|---|---|
| Golden Nugget Casino MI | 500 Flex Spins | None |
| DraftKings Casino MI | 500 Flex Spins + 24-hour lossback bonus, up to $1,000 | 1x |
| Hollywood Casino MI | 300 Bonus Spins + 24-hour losses back, up to $500 | 1x |
| BetRivers Casino MI | 500 Bonus Spins + 24-hour losses back, up to $500 | 1x |
| FanDuel Casino MI | 500 Bonus Spins + $40 Sign-Up Bonus | 1x |
| betPARX Casino MI (Play Gun Lake) | 250 Bonus Spins + 24-hour losses back, up to $1,000 | 5x |
Drew Ellis has experience covering the gambling industries in North America and around the world. Decades of media experience provide him with the background to handle the complexities of different gambling laws and policies around the United States and North America. Ellis has primarily focused on online and retail casino news since 2021. Prior to working in the gambling industry, Ellis spent over 20 years in the newspaper industry, covering sports and the gambling. His work for The Mt. Pleasant Morning Sun and The Oakland Press was recognized with awards by the Associated Press and other media organizations. Drew has also contributed to the Detroit Free Press and the Associated Press.