How To Hunt Down The Elusive 200% Deposit Bonus

There’s a wild creature in the online gambling world that rarely shows its face, but when it does – it’s extremely profitable. We’re of course talking about the mythical 200% deposit bonus.

Today we’re going to explain the kind of things you should be looking out for when receiving a 200% deposit bonus, and how to find reputable casinos that offer them.

How Common Are 200% Deposit Bonuses In 2023?

Now, if we’re being honest, we’re being a little bit silly with the sentences above, a 200%  deposit bonus is not that uncommon. However, it does take a little bit of patience to find them (and even more patience to figure out if they are legitimate).

Many casinos (but not all casinos) will offer a 200% deposit bonus at some point or another, but they are rarely an ongoing promotion. The most common time you’ll find a bonus of this size is when a casino is very new and needs to attract a huge amount of new players to get up and running. Owning and operating an online casino is a huge task, and takes a lot of time, money, and energy. Once a casino’s initial investment funds run out they need to have enough players on their platform to be self-sustaining (and a huge deposit bonus is a great way to achieve this).

The other time you’ll find a 200% deposit bonus is when a casino is running an aggressive marketing campaign. This can either be related to a certain holiday or often times a supersized sporting event (like the Superbowl), be sure to keep an eye out around these times if you’re looking to make your deposit go 3 times further than it normally would.

Can Existing Players Get A 200% Deposit Bonus?

We’ve only ever seen a handful of 200% deposit bonuses in June 2023 that have been open to existing players, they are extremely rare. The main reason for this is that it’s quite costly (and risky) for casinos to provide players with this much “free money”. Existing players already make deposits with a casino, and their money can be “relied upon” to a certain extent. As such it’s rarely profitable for existing players to be eligible for a 200% deposit bonus.

This being said, it does happen on very rare occasions – as we mentioned above usually due to a sporting event or a holiday.

Wagering And 200% Deposit Bonuses

It’s risky for a casino to provide this much of a bonus to new players, and as such certain protections need to be taken. The main way this is done is through the use of wagering. 

If you’re an experienced gambler you’ll be familiar with wagering, but if not – here’s a quick overview.

Essentially you need to place wagers that total a certain amount before you are eligible to withdraw the money you have been given as a bonus. You don’t have to win or lose for a wager to count towards the wagering limit – you just have to place the bet.

In general, wagering requirements are higher for a large 200% deposit bonus than they are for a smaller 100% deposit bonus (more free money means more risk for the casino). As such, some 200% deposit bonuses can be almost useless due to super high wagering requirements (but this is not always the case).

How Do I Find A Good 200% Deposit Bonus?

It’s quite tricky finding 200% deposit bonuses that are actually going to be worth your while. 

Firstly, you’ve got to find a reputable casino running the promotion, and as many casinos that offer a 200% deposit bonus are new – this is a difficult task in itself. After that, you’ve got to inspect the fine print of the terms and conditions to understand the wagering requirements (and do the maths) to figure out exactly how much you need to wager before the bonus becomes withdrawable.

As you can imagine, this is a long and hard process that most people find less than enjoyable.

Luckily for you, we’re online gambling nerds here – and we love this kind of stuff.

At the top of this page, you’ll find a hand-selected list of online casinos that offer a 200% deposit bonus. We’ve inspected and vetted them enough for us to be comfortable recommending them and we think they’re all reliable casinos with reasonable wagering requirements.

Note: We cannot (and will not) ever guarantee or vouch for the reputation of an online casino – for obvious reasons. However, we’re comfortable recommending the casinos above and would happily deposit our own money into them (in fact, we actually have deposited in some of them).

Conclusion

So there you have it, all you ever needed to know about 200% deposit bonuses and the casinos that offer them. By using the information on this page you’re going to give yourself the best chance possible of getting a great bonus (without a ridiculous wagering requirement).

Good luck!