With cashback bonuses, online casinos are doing everything possible to attract new signups and retain loyal players.
Cashback bonuses have become increasingly popular, and many players are taking advantage to play at a reduced risk.
At this page, we have selected for you only the top-rated casinos with cashback bonuses that are available in New Zealand.
And that is not all, also here you can find all the information about this type of bonus that you should know and tips on how to use it the best to your advantage.
Best cashback casinos
Royal Panda8.5NZ$ 1000+ 5% cashback bonus3000+ gamesTop up-bonus on every depositDaily casino rewards
Mr Play8.2NZ$ 500+ 200 free spins500+ gamesSportsbookVarious promotions & prizes
Leo Vegas9.7NZ$ 1000+ 150 free spins2380+ gamesMassive win potentialSpectacular selection of games
PlayOjo9.680 spinsno wager3000+ gamesLoyalty cashbackOJO Wheel18+ | No wager req | Bonus is not valid if you deposit with Neteller or Skrill | Terms and Conditions Apply
Casino Lab8.2NZ$ 1500+ 300 free spins1300+ gamesLive casino bonusExtra VIP rewards18+ | Wager req: 40x Bonus valid on live casino games | Play responsibly | Terms and Conditions Apply
Hello casino9.3NZ$ 100+ 25 free spins2800+ gamesCustomer support: 24/7VIP program for everyone18+ | Bonus wager req is 35x deposit + bonus | Terms and Conditions Apply
Woo casino9.5NZ$ 300+ 200 free spins2000+ gamesCustomer support: 24/7Lightning-fast deposits and withdrawalsWager req: 40x | Terms and Conditions Apply
Casino Gods9.5NZ$ 1500+ 300 free spins1500+ gamesCustomer support: 24/7VIP program with exclusive promotions18+ | Bnus wager req 40x Terms and Conditions Apply
Casumo9.3NZ$ 1200+ 20 no deposit spins2000+ gamesCustomer support: 24/7Fast payout processing time18+ | Wager req: 30x | Play responsibly | Terms and Conditions Apply
Dunder8.6NZ$ 600+ 200 free spins1600+ games24/7 customer supportGenerous welcome bonuses18+ | Wager req: 25x | Play responsibly | Terms and Conditions Apply
Vegas Lounge7.250% cashbackup to €4001000+ gamesCashback rewards every dayNo wager requirements!18+ | Wager req 0x | Terms and Conditions Apply
Voodoo Dreams6.6NZ$ 1600+ 200 free spins1000+ gamesCustomer Support: 24/7Casino Duels challenge18+ | Wager req: 40x | Play responsibly | Terms and Conditions Apply
What are casino cashback bonuses?
Playing at casinos online involves both winning and losing. Cashback casino bonuses are here to make sure that gamers don’t suffer total loss on futile bets. A cashback bonus, therefore, is a portion of the money (real or bonus money) that punters are paid back on losing bets.
Playing at a cashback bonus site is playing at a reduced risk. There is nothing to lose taking part in these promotions. Technically you’ve already wagered, and all you seek is a percentage refund on the amount lost.
There are monetary requirements except for special cashback offers to target a special group of players like the VIP, in which case players have to meet certain conditions for being signed up into the VIP club.
Reading through the terms and conditions section is recommended before you proceed to claim any cashback offer. Things such as eligibility, the kind of games contributing towards a bonus, and the capping of your offer are all outlined under the T & C’s section.
Best cashback casinos
- PlayOjo – Up to 30% cashback on all deposits
- RoyalPanda – Get 5% extra on every deposit!
- Livecasino.com – 10% cashback every week
- Vegas Lounge – 50% cashback (no wager) + new cashback deal every day!
Payouts and cashback at casinos
How much is your cashback money?
How much you receive as a refund depends on the percentage offered by the casino. Percentage refunds are usually somewhere between 5% and 25% of a given stretch of losses.
These losses could be calculated on weekly, daily, monthly, or as otherwise provided by the casino.
Whether you’re eligible for a cashback bonus and the size of the cashback amount is illustrated in the three scenarios below:
- You’re playing at a casino that offers 5% cashback, and you play through $100 on a designated game. $100 would be your net loss if you won nothing at the casino. You will receive 5% of the $100 wagered, so your account will read plus a $5 cashback bonus.
- You play at a casino that offers a 5% cash back bonus on the total loss at the end of the day. You wager at $200, and your day ends with $400 in your account. This means you’ve made a profit, so you don’t receive a dime in this cashback offer.
- You take up a 25% cashback offer to a maximum of $50, and you lose $300 on your bets. The max refund you’ll receive will peak at $50 because your losses have crossed a refund threshold.
Advantages of cashback casino bonuses
Why you should play at a casino with cashback offers has everything to do with the benefits you reap by claiming your bonus at online casinos in NZ.
Here is why cashback bonuses come in handy at casinos online;
- You get free real or bonus money with no strings attached
- You play at a reduced risk. Cashbacks are a hedging strategy against total loss
- You slice off a piece of the casino’s house edge and sway the advantage your way
Cashback, free spins, and deposit bonuses explained
To start with, these are all bonus types. The difference, however, is the context in which these bonuses are offered. A cash bonus is a refund on betting losses over a specified period.
Deposit bonuses, on the other hand, are bonus offers specified as a match on a given deposit sum, while free spins bonus is a spin-at-no-cost session provided by casinos on a given slot.
In terms of wagering requirements, cashback bonuses come with a skinny layer of requirements, while deposit bonuses carry a lot more of those. Free spins are non-money bonus offers where punters stand a chance to make real money at a zero cost per spin.
Wagering requirements on cashback bonuses vary from one casino to another. Sometimes these requirements get as low as wagering the bonus credited only. However, other casinos may raise them to even 10 times, although the turnover requirements come much lower than those on deposit bonuses.
Frequently asked question
What is a cashback bonus?
A cashback bonus is a refund that players receive on the betting losses incurred within a given time frame. The amount received is expressed as a percentage of the total losses up to a certain limit.
How do I claim my cashback bonus?
Most NZ casinos run cashback programs via promo codes. These codes are available at official casino sites, so you can grab some once you sign up.
How do I qualify for a cashback bonus?
Regular cashback offers do not carry burdensome requirements. Some are generally available once you’re signed in at the casino, while some may require you to put in an application to be considered. Special cashback offers that target a particular group of players, such as the VIP, have a set of requirements provided at the discretion of casino operators. Relevant provisions are often well laid out at the casino’s promo page.