5 Jun

How and When to Withdraw Online Casino Bonus Winnings

When can I withdraw winnings from online casino bonuses?

Withdraw Winnings from Online Casino BonusesYou signed up at an online casino. You claimed a juicy bonus offer. Then you played your favorite games for awhile and won some cash. The obvious question now is how and when to withdraw online casino bonus winnings?

We’ll tackle that very question in the following tutorial. For the most part, you need to read over the terms and conditions of the bonus, but we’ll walk you through it so you know what to look for.

When can I Withdraw Winnings from Online Casino Bonuses?

In order to cash out your winnings, you need to make sure you’ve completed the wagering requirements, aka WR. You may also have to complete WR within the given expiration date, if applicable. So long as you follow the rules, play only eligible games, and complete WR in a timely fashion, you should be ready to claim your winnings as cash.

#1 Understanding Wagering Requirements

If you haven’t already done so, head over to the online caisno and tap on the Bonus Terms and Conditions link that applies to the bonus you’ve accepted. Within this text, you’ll find the WR, (aka playthrough).

The WR can vary, depending on the casino and type of bonus. Most of them average between 30x and 40x WR. These will often require the player to wager through the deposit + bonus amount that many times.

For example, a $100 deposit that receives a $100 bonus, with 35x WR attached, would required $7,000 in wagers to complete WR. The equation for this is:

($100 + $100) x 35 = 7,000

In cases where the WR is much higher, such as 60x or 70x playthrough, the deposit amount isn’t usually added into the total; only the bonus. Thus, a $100 bonus with 70x WR would also require $7,000 in wagers to complete playthrough.

Be sure to read the terms carefully so you know the difference. To make it easier, most online casinos will provide a bonus meter to show how close you are to meeting WR.

#2 Possible Expiration Date

Some online casinos—not all—will place an expiration on when a player can withdraw winnings from online casino bonuses. Be sure to look for this in the terms, as well.

If a bonus expires 30, 60, or maybe 90 days after reception, that means you have that many days to complete the WR. Fail to do so in that period of time, and all bonus credits—along with any winnings you may have accumulated while using them—will disappear forever!

It’s best to become familiar with the expiry date before claiming a bonus. Low-stakes players may be better off making a smaller deposit to ensure they’ll have time to complete the bonus requirements.

#3 How to Withdraw Bonus Winnings

When all of the above conditions are met, it’s time to cash out your winnings! Head over tho the banking section, request a withdraw, and follow the instructions. There are only two things that might trip you up here, but neither will prevent you from cashing out.

First, some online casino bonuses come with variable withdraw limits. You may only be allowed to cash out up to $200 of your bonus winnings. Again, read over the fine print in the T&C. If that’s the case, you may have won thousands of dollars from your bonus credits, but only $200 can be withdrawn. The rest disappear into thin air upon cashing out.

Second, if you’ve never made a withdraw request from this online casino before, you may need to complete the obligatory identity verification process. Don’t worry, it takes a little extra time, but it’s for your safety as much as the casino’s. It helps to prevent identity fraud, underage gambling, and other illegal activities, as required by law. You’ll have to provide (email or scan and upload) at least two forms of verification. Any government issued photo ID and a current utility bill (in your name/address) will do. If you deposited with a credit or debit card, a copy of that card may also be required. On the bright side, you’ll only have to do this once.

With these steps out of the way, you can quickly and easily withdraw winnings from online casino bonuses. Good luck, have fun, and as always, remember to play responsibly!

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