How We Score and Rank the Best Casino Welcome Bonuses
This list of welcome bonuses is ranked based solely on the bonus itself. The bonuses are ordered by their bonus score - one of the four review pillars that I use in every full review on SpinAudit - not the site's overall rating. The best bonuses will score highly on their bonus score, not the site as a whole. For instance, Razed scores highly on most of my review categories at 7.8/10, but with a 6.5 out of 10 for its welcome bonus it sits somewhere in the middle of this bonus ranking.
The size of the welcome bonus does not tell you much about its real value. Two casinos could offer the same welcome bonus rate of 100% up to €1,000, but offer vastly different bonus terms. One might only wager with the bonus money while the other wagers on the initial casino deposit and the welcome bonus. The winnings from the bonus may be capped at 5x while the other has no cap on winnings. The headline is the same but the value is not.
Here is what goes into each bonus score, and what moves a casino up or down this list:
- Real wagering, normalised - the multiplier, and whether it applies to the bonus only or to deposit plus bonus. We convert deposit-plus-bonus terms to a bonus-equivalent figure so they compare fairly. Slotimo's 25x is really 50x of the bonus, and Razed's 40x is really 80x.
- Max cashout cap - the quiet killer. A 5x cap can erase most of a big win before you ever see it.
- Free spins terms - the count, their own wagering, and any cap on what the spins can win.
- Max bet during the bonus - a low limit makes the grind slower and is easy to breach by accident.
- Reliability - does the bonus credit automatically, and does the casino pay without excessive delay?
If you are new to the world of casino bonuses, you might want to read our welcome bonus guide first. If you are looking to make a crypto deposit, then our guide to the best crypto casino welcome bonuses might be more appropriate for you.
1. Spartans Casino - The Best Welcome Offer With No Wagering
Spartans Casino
Up to 33% Instant CashRake - No Wagering
🏆 Bonus score: 8.5/10 · Crypto + fiat · $1 min deposit
Spartans Casino comes to the top of the list because its bonus does not tie your money up in a wagering requirement. Instead of a welcome bonus that requires 40x wagering on the initial deposit, Spartans gives you up to 33% of the house edge back as cashback on every bet you place. This bonus does not have a 7-day countdown, no max-bet requirement, and no cap on winnings. The crypto deposits landed almost instantly and a withdrawal cleared in 2 minutes 31 seconds.
However, there is no upfront deposit match to start with - the cashback only builds up as you deposit and play. Additionally, the bonus expires 24 hours after it is credited to your account. The casino features both crypto and fiat payments but the interface is English-only. For players looking for a match on their first deposit, PlayAmo might be a better choice.
2. PlayAmo Casino - The Biggest Welcome Bonus Match
PlayAmo Casino
100% up to €1,000 + 100 Free Spins (code FIRSTDEP)
⭐ Bonus score: 7.5/10 · Crypto + fiat · Established 2016
PlayAmo offers the biggest welcome bonus headline at 100% up to €1,000 as a matched deposit, plus 100 bonus spins. The casino also features a crypto-only welcome bonus that doubles the match to 200% with the code CRYPTO. PlayAmo is the most established of the casinos on this list, running since 2016, with more than 3,500 games from over 144 different providers. Their crypto deposits landed almost instantly, and the live tracker lets you monitor the 50x wagering requirement.
The caveat to this welcome bonus is the 50x wagering, which applies to the bonus and has to be completed on slots. In my test the balance ran out before I reached the 50x requirement. This is not unique to PlayAmo, but is inherent to welcome bonuses with such high wagering requirements. There is also no Return to Player (RTP) percentage shown on most of their games. The €1,000 is a theoretical maximum, not a realistic target on a small deposit.
3. Slotimo Casino - 50x Effective Wagering and a 10x Win Cap
Slotimo Casino
100% up to €300 + 25 Free Spins
⭐ Bonus score: 6.5/10 · 50x effective wagering · 14 cryptocurrencies
Slotimo's welcome bonus earns a 6.5 out of 10. The casino offers a 100% match on your first deposit up to €300, plus 25 free spins. The €12 max bet on any game is generous, as most casinos here cap it at €5. My Revolut deposit landed in 22 seconds and the free spins were credited instantly. I was able to complete the wagering across 4,335 spins.
However, the bonus has a 25x wagering requirement, but it applies to the deposit and bonus combined, which works out to 50x of the bonus - the same as other casinos on this list. The winnings from the bonus are also capped at 10x of the bonus. When I had cleared the wagering my balance had grown to €714.56, and the 10x cap then limited my winnings to €500. Any amount over €500 was automatically removed from my bonus winnings. KYC took over 2 days, and a fee is applied if I withdraw funds more than once within a 30-day period.
4. Pistolo Casino - Lowest Matched Wagering but a Slow Payout
Pistolo Casino
100% up to €500 + 200 Free Spins + 1 Bonus Crab
⭐ Bonus score: 6.5/10 · Crypto + fiat · 125+ providers
On the surface, Pistolo's terms look good, as they offer a 35x wagering on the welcome bonus, the lowest among the casinos I have tested. They also throw in 200 bonus spins and a "Bonus Crab" extra prize that you claim with the welcome bonus, and the casino draws on over 125 different slot providers.
However, the bonus comes with a 35x wagering on the bonus only, but it does not get credited automatically and there is a 10-day expiry. Their payout times are also slow: a €54 crypto withdrawal took over 8 days to process, though no KYC was required. The 35x wagering means players have to commit €1,750 in wagers, since the bonus is €50 and the max bet is €5.
5. Razed Casino - Fast Payout, but the Heaviest Bonus Grind
Razed Casino
100% up to $300 + up to 150 Free Spins
⭐ Bonus score: 6.5/10 · Crypto-only · Fastest payout tested
Razed offers a very fast in-and-out experience. They only take crypto, and the signup takes around 7 seconds. The bonus also requires two-factor authentication before your first deposit. My withdrawal of around $40 in ETH cleared in 3 minutes and 25 seconds with no KYC. Overall, the platform is highly rated at 7.8 out of 10 - well above this bonus ranking - for a reason.
The 40x applies to the deposit and bonus combined, which works out to 80x of the bonus. A $100 deposit with a $100 bonus would mean $8,000 in wagers. The winnings are also capped at 10x of your deposit. That said, you can decline the bonus and simply play with your own crypto funds instead.
6. Wild Tokyo Casino - 200 Free Spins, Steep 50x Wagering
Wild Tokyo Casino
110% up to €300 + 200 Free Spins
⭐ Bonus score: 6.0/10 · Crypto + fiat · 120+ providers
Wild Tokyo offers 200 free spins, dripped at 20 per day over 10 days, plus a 110% match on your deposit, and it draws on over 120 different providers. I deposited with a VISA card, cleared the AML turnover, and withdrew €13.80 by bank transfer, which took over a day to process but came with no fees.
However, the bonus comes with a 50x wagering requirement, which ground my balance to zero at just 14.1% of the way through. Winnings from the free spins are also capped at €100, no matter how much the 200 spins win. On top of that, the bonus caps winnings at 10x of your deposit, and support is limited to a bot-only help desk. A good casino, but with a challenging bonus.
7. NV Casino - Fast Deposits Undone by a 5x Cashout Cap
NV Casino
100% up to $500 + 100 Free Spins
⭐ Bonus score: 6.0/10 · Crypto + fiat · Pre-withdrawal KYC
If you are looking for fast deposits, NV Casino may be your casino of choice. I timed three coins and saw that BNB arrived in 26 seconds, while ETH and USDT took 1 minute 29 seconds and 1 minute 32 seconds. The casino also lets you complete KYC up front to avoid any hold-ups when withdrawing. The bonus itself is a 100% match up to $500 plus 100 free spins on the Joker Stoker slot, and the 40x wagering applies to the bonus only.
However, their bonus score is only 6.0, because they cap your bonus winnings at 5x. A $500 bonus means you can win a maximum of $2,500. They also require a 2x deposit turnover that must be met before you wager the bonus, which applies to your initial deposit. On top of that, some games at the casino do not count toward your wagering requirement. The deposit experience is excellent, but the bonus terms are worth reading carefully before you deposit.
8. FastBet Casino - Biggest Headline Bonus, Worst Terms
FastBet Casino
100% up to €1,000 + 300 Free Spins
⭐ Bonus score: 2.0/10 · Crypto + fiat · KYC in 17 min
FastBet comes with the joint-biggest welcome bonus headline, up to €1,000 in matches plus 300 free spins. It also has one of the fastest KYC checks I have run, clearing in 17 minutes. The 30x applies to the bonus, which on paper is a slightly lower wagering requirement than most other casinos.
This is the worst bonus in this list, which is why it scores 2.0. Only real-money bets count toward the 30x - bonus bets do not count. With a €20 bonus on a €20 deposit, you must make €1,200 in real money bets to be able to withdraw any money. The minimum withdrawal amount is quite high at €100. Additionally, the game library is from 19 different providers, the smallest selection here. The headline 30x is a very attractive number but the bonus cannot be easily cashed out.
What Makes a Good Casino Welcome Bonus
I tested each of the eight bonuses and found that five terms are all that really matter. These are the five I use to score each bonus offer.
1. The wagering multiplier and what it applies to
This is the most important term, and the one casinos most easily mislead you on. A "40x" bonus can mean many things. At PlayAmo, NV Casino and Wild Tokyo, the wagering applies to the bonus only. Slotimo and Razed, on the other hand, apply it to the deposit and bonus combined. For a 100% bonus match, this doubles the requirement. Slotimo's 25x is 50x of the bonus, but Razed's 40x is 80x. Always work this figure out before comparing bonuses. FastBet looks tempting at 30x, but only real-money bets count toward the requirement, which makes it the hardest bonus to cash out.
2. The max cashout cap
The winnings from the bonus can also be limited. For instance, NV Casino limits bonus winnings to 5x of the matched deposit while Slotimo limits winnings to 10x of the initial deposit - my €714.56 bonus was reduced to €500 as soon as I met the bonus wagering requirement. Both Razed and Wild Tokyo have a winnings cap at 10x of the initial deposit. PlayAmo and Spartans do not have a bonus winnings limit. Always read the bonus terms to find this figure before you make your deposit.
3. The free spin terms, read separately
Most bonuses set their own rules for the free spins that come with them. Pistolo's free spins carry a 40x wagering requirement, while Wild Tokyo caps the winnings from its free spins at €100, no matter how much the spins win.
4. The max bet during the bonus
All the listed bonuses have limits on the size of each bet that a visitor can place while the bonus is active. The limit for all the casinos is around €5. Slotimo allows bets of up to €12 or 5% of the bonus, whichever is lower. Razed allows bets of up to $50. Placing bets above the limit will void the bonus and any winnings from it.
5. The withdrawal and KYC process
Razed pays out ETH withdrawals in as little as 3 minutes 25 seconds, with no KYC required. Pistolo, by contrast, took 8 days to pay out a crypto bonus win. That is a big gap, and worth weighing if a fast payout matters to you. NV Casino lets you complete KYC before you withdraw your bonus winnings, so you are not held up at the last step.
Casino Welcome Bonus Terms Compared
All the figures below are from the bonus terms and the tests that I have performed with real money. The bonus score is the Bonuses and Promotions rating for each of these casinos. The wagering is the bonus-equivalent wagering so that all offers can be directly compared.
| Casino | Bonus Score | Welcome Bonus | Wagering | Max Cashout | Tested Result |
|---|---|---|---|---|---|
| Spartans | 8.5 | Up to 33% CashRake | 1× rollover | No bonus cap | Withdrawal 2m 31s |
| PlayAmo | 7.5 | 100% up to €1,000 + 100 FS | 50× bonus | No fixed cap | ETH deposit 24s |
| Slotimo | 6.5 | 100% up to €300 + 25 FS | 50× effective (25× dep + bonus) | 10× bonus | €714.56 win cut to €500 by cap |
| Pistolo | 6.5 | 100% up to €500 + 200 FS | 35× bonus | Max bet €5 | ETH payout 8d 14h; manual credit |
| Razed | 6.5 | 100% up to $300 + 150 FS | 80× effective (40× dep + bonus) | 10× deposit | Withdrawal 3m 25s, no KYC |
| Wild Tokyo | 6.0 | 110% up to €300 + 200 FS | 50× bonus | 10× deposit; €100 FS cap | €13.80 paid in 1d 25m |
| NV Casino | 6.0 | 100% up to $500 + 100 FS | 40× bonus | 5× bonus | BNB deposit 26s |
| FastBet | 2.0 | 100% up to €1,000 + 300 FS | 30× real money only | €100 min withdrawal | KYC in 17 min |
Bonus score is the Bonuses and Promotions rating out of 10 from each full review. Terms can change, so always confirm on the casino site before depositing.
Which Casino Welcome Bonus Should You Pick?
There is no single best bonus for everybody, but there is usually a best one for how you play. Here is the one I would pick depending on what matters most to you.
Best bonus overall, no wagering: Spartans Casino
The 33% CashRake at Spartans Casino is the best pick if you do not want to deal with a wagering requirement. There is only a 1x rollover and no cap on what you can withdraw. It earned the top bonus score because it is the offer most players are likely to benefit from. If you do not want to chase wagering, this is the one.
Biggest headline match: PlayAmo Casino
If you want a bonus up to €1,000, or a 200% bonus on crypto with the code CRYPTO, PlayAmo has one of the best offers around. It also has the largest game selection here, from over 144 providers. Just be ready for 50x wagering on the bonus.
Most flexible max bet, but mind the win cap: Slotimo Casino
Slotimo's bonus has a 25x wagering requirement, but it applies to your deposit and the bonus, so it is effectively 50x - one of the highest on the list. It also applies a 10x winnings cap, which cut a €714.56 balance down to €500 in my test. The upside is the €12 max bet, which is more flexible than at most casinos here.
Lowest matched wagering on paper: Pistolo Casino
Pistolo's 100% bonus up to €500 comes with a 35x wagering requirement, but only on the bonus itself. It also throws in 200 free spins. The downside is that the bonus is credited manually, and the payout took over eight days to process.
Fastest payout if you skip the bonus: Razed Casino
Razed Casino has some of the fastest crypto payouts around, at 3 minutes 25 seconds with no KYC. The bonus itself carries an 80x wagering requirement, the heaviest of any casino on this list. Because the payouts are so fast, the smart move is often to skip the bonus and just play with your own funds.
Approach with caution: Wild Tokyo, NV Casino and FastBet
Wild Tokyo and NV Casino each come with a notable catch. At Wild Tokyo, you get 200 spins but the winnings from them are capped at €100, and the bonus wagering is 50x. At NV Casino, deposits are credited very fast but the bonus winnings are capped at only 5x. FastBet's €1,000 headline is real, but only real money bets count toward the wagering, which makes it the hardest to cash out and gives it the lowest bonus score on the list. All three are perfectly usable casinos, just not the ones I would pick first if the bonus is your main reason for joining.
FAQ - Casino Welcome Bonuses
What is the best casino welcome bonus right now?
Spartans Casino has some of the best bonuses on offer and receives the highest bonus score of 8.5 out of 10. The 33% CashRake bonus comes with no wagering requirement but a 1x rollover on the bonus winnings. Additionally, there is no cap on bonus winnings for visitors to cash out. For those who would like to engage in a matched bonus, PlayAmo's 200% bonus on crypto is the most flexible.
How do you rank the best welcome bonuses?
The figures here are based on the Bonuses and Promotions score out of 10 from each casino's full review. For instance, Razed scores 7.8 out of 10 overall but its bonus score is only 6.5. That bonus score weighs the wagering requirement, the max cashout, the free spin terms, the max bet during the bonus, and whether the bonus credits and pays out reliably.
Is a bigger welcome bonus always better?
No. A 100% bonus up to €1,000 may sound great, but if it comes with 50x wagering and a capped payout, it is worth very little. FastBet has one of the biggest bonuses but one of the lowest bonus scores, because only real money bets count toward its 30x, which makes it the hardest of all to clear.
What does "wagering applied to deposit plus bonus" mean?
Most bonuses apply the wagering to the bonus only. Others make you wager the deposit and the bonus together, which on a 100% match doubles the requirement. Slotimo's 25x applies to the deposit and bonus, so it works out to 50x of the bonus. Razed's 40x works the same way, which comes to 80x of the bonus.
What is a max cashout cap?
It is a limit on how much of your bonus winnings you can keep. At Slotimo, a 10x cap cut my balance from €714.56 to €500. NV Casino has the tightest cap at 5x. These limits are easy to miss in the terms, so check for them before you deposit. Spartans and PlayAmo have no bonus cap at all.
Which casino welcome bonus is easiest to clear?
Spartans Casino, because there is no wagering requirement on the bonus, just a 1x rollover. Among the matched bonuses, the lowest is Pistolo at 35x, on the bonus only. Watch out for offers that apply to the deposit and bonus, though, since that doubles the requirement on a 100% match: Slotimo's 25x works out to 50x, and Razed's 40x works out to 80x. The hardest of all is FastBet, where only real money bets count toward the 30x.
Do these casino welcome bonuses work with cryptocurrency?
Most of them do. Seven of the eight accept crypto deposits, and Razed is crypto-only. Using crypto only changes how you deposit and withdraw, not the bonus terms. If you specifically want a crypto bonus, see our guide to the best crypto casino welcome bonuses.
