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1 in 4 Canadian Players Win Money on No Deposit Bonuses

Bailey Haun
by Bailey Haun

A new survey conducted by CasinobonusCA on the use of no deposit bonuses in online casinos in Canada revealed a few interesting things. The main purpose of the study was to shed light on the viability of these promotions. Keep reading to find out how often no deposit bonuses are being claimed by Canadian players, what is the cashout rate for converted casino funds, and how many of these bonuses helped players win withdrawable funds last year.

How Much Did Players Win From No Deposit Bonuses?

The study also addressed a series of questions regarding the cashable funds that players won while wagering with their no-deposit bonuses in 2021. The data revealed a series of interesting information. For example, close to 27% of all questioned gamblers claimed to have won money by using at least one no-deposit bonus. At the same time, more than 58% of players said they failed to cash out their converted casino winnings. Close to 28% of gamblers said they cashed out funds from between one and five no deposit bonuses. The rest of the respondents stated they claimed their no deposit bonus winnings from more than five different casinos.

In terms of actual amounts, the study revealed that an approximate amount of C$9,900 was shared by 5.8% of all questioned players, as compared to C$7,095 which was the amount shared by close to 28% of gamers part of the lowest-winning tier in the study. On average, the win-to-cashout ratio was 1 to 1.563. This means that a player claimed close to six no deposit bonuses to win casino funds that they were later able to initiate a cashout request for. At the same time, the claim-to-cashout ratio was 1 to 5.882. Differently put, a player had to claim up to six different no deposit bonuses for a chance to cash out any bonus-tied winnings in 2021.

Study Findings

The study revealed there are mainly two big types of online casino players in Canada: those who rarely claim no deposit bonuses, usually less than one bonus once every two months, and those who frequently claim a minimum of one bonus every month. The study also showed that around 27% of all players usually win cashable funds when using no deposit bonuses, further proving the enhanced popularity of these bonuses in Canada.

Where Are The Best No Deposit Bonuses?

No deposit bonuses are excellent ways of exploring a new casino, testing out fresh releases from your favorite gaming studios, or getting acquainted with the feel of a new casino before investing your money and time in it. These bonuses let players enjoy free gameplay at highly reputable online casinos while allowing them to win real money and cash it out. Our experts constantly look for the best no deposit bonus offers by reviewing, testing and comparing the best casinos online. Our close partnerships with top casinos allow us to offer a rich selection of exclusive no deposit bonus offers for Canadian and American players alike.

Feel free to take a look at our freshly updated list of no deposit bonuses to get valid no deposit bonus codes. Start playing with free spins or free cash. We cover all types of no deposit bonuses as well as other types of online casino bonuses including welcome bonuses. Do not hesitate to browse our website until you find exactly what you are looking for.

How Can I Benefit From the Best No Deposit Bonuses?

Finding the best no deposit bonuses online is only half the battle. You also need to know how to correctly claim and use these bonuses so you do not miss out on the chance to cash out any potential winnings from them. It all starts with the casino registration procedure. This needs to be carefully completed by new players. Providing incorrect email addresses, phone numbers, and other personal information can lead to an invalid account that will not allow you to claim a no deposit bonus and use it.

Secondly, all no deposit bonuses feature a series of terms and conditions that players need to comply with to enjoy their bonuses to the fullest. If you are interested in also cashing out any winnings from the no deposit free spins or cash bonus, you should know what are the additional wagering requirements you are going to have to fulfill. These requirements usually range from 10 times to 60 times. The expiration date for the no deposit bonus, the number of days players are given to fulfill the rollover, any game restrictions, and additional game eligibility information should also be consulted by players before claiming a no deposit bonus.

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