Online gambling has become one of the most popular ways to kill time. It is fun, cheap (often free at all), and can be enjoyed no matter where you are. There are only slight age and location restrictions which means that almost anyone can gamble without any limitations. Let us illustrate this: in 2020, the size of the gambling market equalled $59 billion but in 2023 it is expected to reach $92.9.

As you see, the interest will continue to grow, and all of this thanks to successful campaigns of online casinos and development studios. One of such successful campaigns is surely great gambling bonuses that promise free money, spins, and other perks. In this post, you are going to learn why they are so beneficial both for players and casinos.

Advantages for players

Online casinos have a significant advantage over land-based ones because they literally bombard players with numerous bonuses. You are rewarded not depending on the game you prefer or the sum of money you are planning to spend.

One of the biggest advantages is that your chances of winning are increased either because of the bonus cash or of a certain number of free spins. Depending on the bonus type, you can obtain lots of other perks: higher transaction limits, cashback, real-value gifts, and much more. There are bonuses that require a deposit and those which don’t. There are promotions for beginners and regular players. All of this makes gambling cheaper and more entertaining.

Advantages for casinos

Now let us move to the most interesting part and discuss why casinos offer bonuses and how they benefit from them:

• Users play more. There are many gamblers who jump from one casino to another to claim the welcome bonus. That is why to increase your loyalty and make you play more at one particular platform casinos offer different bonuses. One of the best examples is a loyalty scheme where you climb the VIP ladder and get higher rewards and prizes when making more deposits.
• Users spend more. Most bonuses are awarded after depositing. Sometimes, a bonus is even divided into several deposits meaning that you should fund your account at least two or three times to benefit from the full offer. That is why you may spend more than intended just to get extra spins and cash. A reload bonus is also a popular option: it is a time-limited offer that rewards you with additional funds in an exchange for a deposit.
• Casinos get your email. No deposit bonuses motivate players to create an account and provide personal information. Then, casino marketers send you emails and newsletters with recent launches and promotions just to make you deposit some money. Fortunately, you can prohibit casinos to send you letters. To do that, you should simply head to the Settings page.
• They motivate you to invite friends. Most casinos have a referral program with bonuses for those who recruit friends. This bonus means that you will get extra funds or other perks for making others register at the same casino. However, it is not enough for them to register, they should deposit as well. This increases the number of players and the casino doesn’t spend anything. If your friends like gambling, this bonus is beneficial not only for the site but also for you.

Things to consider

Every bonus and promotion comes with a specific set of terms and conditions that may significantly impact the decision of whether to use the bonus or not. That is why you should pay attention to the following features:

• Wagering requirements
• Maximum winnings
• A period when the offer remains valid
• Game restrictions
• The maximum and minimum bet

Search for bonuses but don’t chase them

As you see, casino bonuses are a great way to make extra money, play longer, try out a broader list of games, and get familiar with a platform with fewer risks. However, you shouldn’t forget that they are created by casinos to attract players and make them deposit more. That is why players, especially compulsive ones, should remain attentive and don’t forget that the main goal of gambling is always fun and not chasing attractive deals.