Among the online casinos confirmed to be part of the launch in Michigan, which is expected later this year or early into 2021, just two currently offer a no-deposit bonus on their sites in other states where they are already operating.
BetMGM Casino MI, which will partner with Detroit’s MGM Grand Casino, provides new players to their online casino with access to a $25 no deposit bonus.
The Golden Nugget, which is paired up with the Ojibwa Casinos in Baraga and Marquette, offer to new customers a $10 no deposit bonus upon signing up for a new account. They are also currently providing 200 Free Spins on the brand-new slot, 88 Fortunes Megaways as part of their welcome offer.
What Is a No Deposit Bonus?
Since the early 2000s, awarding new players bonuses at an online casino for taking required actions has been standard procedure. It’s an ideal way for these online casinos to motivate new clients to give their platform a try.
In simple terms, a no deposit bonus is a free incentive to play games at an online casino. Sometimes, these bonuses are offered in the form of free cash. On other occasions, the offer will be for free play in the casino. It could be free spins on the slots, for instance. These no deposit bonuses and free plays are attractive to newcomers, because new players are able to use these bonuses, rather than their own money, to play different games and familiarize themselves with the casino site. It truly is a no-risk venture.
The no-deposit bonus is a practice that is a win-win for both customers and casino operators alike. It serves as a means of publicity for the owner, who also stands the chance of gaining more customers, if they enjoy what they see and try and opt to stick around. The player gets to experience the features of the online casino and test the games out to see if it’s the right place for them.
The basic difference of a no deposit bonus compared to a conventional bonus received for making deposits is just what it says – that you pay nothing to acquire this bonus. For that reason, the credits available are usually less than say with a matching deposit bonus. Players aren’t likely to get much more than between $10-25 with a no deposit bonus.
How to wager the Bonus?
No deposit bonuses are no different than any other bonus offered by online casino apps in Michigan. They all have wagering requirements attached.
For instance, at the Golden Nugget Casino Michigan, the $10 no deposit bonus requires players to have to wager the bonus 20x on slots or 100x on other games before the funds become eligible for a withdrawal. As well, if players do not meet these requirements within 15 days, the bonus and any associated winnings will be surrendered.
The BetMGM $25 no deposit bonus isn’t nearly as restrictive. It requires just a 1X play through in order to release the bonus funds and any winnings. However, players will be required to make a deposit to their account before they can withdraw any winnings earned from the no deposit bonus.
There might also be a required bonus code that must be submitted prior to signing up in order to access the bonus funds. As with any bonus, it’s always wise to read the terms and conditions before making any commitment to sign up at the online casino site.
Pros Of No Deposit Bonuses
- It provides the opportunity to try multiple games on the casino.
- It allows you to understand casino websites and their features before depositing your own money.
Cons Of No Deposit Bonuses
- You may not earn real money from the bonus.
- No deposit bonus is given only once, even if you choose to opt-out.