The Most Worthwhile Casino Bonus Packages in 2022

One of the most exciting aspects of signing up to an online casino is claiming the welcome bonus! Many casinos offer tantalizing welcome bonuses — but which ones are the most worthwhile? Remember there’s the fine print and wagering requirements to think of. Fortunately, we’ve done the research for you and compiled a list of the best casino welcome bonuses on the market. Read our experts’ reviews of welcome packages and multi-deposit bonuses, and find tips for getting the most out of each bonus.

Overview

Welcome bonuses for new players are part and parcel of online gambling. All casinos that want to stay relevant and attract new players offer them. Some welcome bonuses are one-time offers, while others are multi-deposit bonuses that last players for several deposits.

Welcome packages come in all forms: sometimes the reward is free spins, other times, it’s free cash, and yet others reward players with match deposit bonuses. Icelandic players can receive thousands of króna worth of bonuses simply for signing up to a casino they like, or by signing up to several casinos!

Remember, there is no limit on how many casinos you can join. The only caveat we offer is to make sure to read the terms and conditions for every casino bonus you claim.

Below is an example of a typical multi-deposit casino bonus package:

  • First deposit: 100% match up to kr1000 + 200 Free Spins
  • Second deposit: 75% match up to kr1000 + 100 Free Spins
  • Third deposit: 50% match up to kr1000 + 100 Free Spins
  • Fourth deposit: 50% match up to kr2000 + 100 Free Spins

The main advantage of claiming a welcome bonus is that you get to play with extra cash without having to deposit a very high amount. A bonus that stretches over several deposits allows you time to win lost money back and still get money from the casino to play your favorite games.

Multi-deposit welcome bonuses can help you play more responsibly since you end up playing with the casino’s money, not all your own. Read on to find out more about welcome bonuses, how they work, terms & conditions, and more.

Welcome Bonuses Boost Your Bankroll

Whereas land-based casinos don’t offer any type of bonuses, online casinos realized that the competition in cyberspace is heavy. If they don’t find a way of enticing players, they’ll simply move on to a different online casino. And so, promotions and bonus offers were born.

Multi-deposit packages were a natural follow-up to one-time welcome bonuses because they keep players playing at the same casino for longer. Both single and multi-deposit bonuses have minimum deposits and maximum cash value that you can claim. We recommend always depositing the maximum deposit to get the most out of the bonus on offer.

The most competitive online casinos offer multi-deposit bonuses that total more than kr2000 if you make the maximum deposits. However, before claiming a bonus, it’s crucial to read the terms & conditions to make sure you can comply with the wagering requirements.

Wagering requirements are certain conditions that are applied to a bonus that determine whether and when you can withdraw the money you won from that bonus.

If you determine that you can meet the wagering requirements, you can claim the welcome bonus and continue playing at that casino until all your free funds are finished. Most likely, the casino will have other promotions you can take advantage of.

How Welcome Bonuses Work

Different casinos offer different welcome packages, but in most cases, the process of claiming one is the same. Usually, you’ll be prompted to register to the casino and then make your first deposit. In some cases, the bonus will automatically be applied to your account. In other cases, you’ll need to enter the bonus code before depositing.

If the latter is true for the casino you choose to play at, make sure to enter the bonus code at the right time—otherwise, you’ll lose out on the bonus. If you’re not sure what to do, contact the casino’s customer support team.

Multi-deposit bonuses usually last for three or four deposits, and the package will activate after you make the first deposit. It’s important to note the expiration date for making all the deposits—you don’t usually have unlimited time to take advantage of the bonuses. However, you don’t need to make all the deposits at once. Once you use the funds from your first deposit, you can move on to the second, third, and so on.

Welcome Bonus Packages with Free Spins

In addition to free cash, many casinos offer free spins as part of their welcome bonus. Usually, the free spins apply to a specific slot game and can’t be used just anywhere. You can use the free spins to play the slot game before having to deposit additional funds. Once you finish your free spins, the casino will add the amount you won to your bonus account. These funds are kept separately and cannot be withdrawn until you meet the wagering requirements.

Welcome Bonuses Terms & Conditions

Every bonus has its own terms & conditions, and each may be slightly different, so make sure to always read them before claiming any type of online casino bonus. Terms & conditions include several items, including the percentage match of each bonus in the package.

The T&C also includes the wagering requirements, also known as playthrough requirements. These dictate how many times you need to bet before being able to withdraw the money you won from your free cash/free spins. For this reason, all money earned from bonuses is kept in a bonus account, separate from the account into which you deposit money. Wagering requirements are usually 30x or 40x the bonus money you receive.

The T&C of any given bonus will also include a maximum winnings clause, if applicable. This limits the amount of money you can win with your bonus cash. Another clause that casinos sometimes include is about how they will pay you should you win big—many casinos pay out big wins incrementally.

Also note which games your bonus cash/free spins apply to. Most bonuses apply to slot games, but others include table games and others.

Reading the terms and conditions of a welcome bonus empowers Icelandic players to know what they’re getting into—what they can win, play, and withdraw. In general, these bonuses are worthwhile as they allow players to boost their bankroll while playing the games they love.

Pros & Cons

Pros
Great value
Many types of welcome packages
Longer gameplay without depositing more cash
Cons
Terms & conditions can be confusing
Must make multiple deposits
Payouts are restricted

Claim Your Welcome Package in 4 Simple Steps

Claiming a casino welcome bonus package is easy, and we’ve simplified it further by breaking the process down into the following steps:

1 Choose a casino.

With our list of online casinos with the best welcome packages, choosing a reputable and secure casino has never been easier!

2 Read the T&C.

Read the terms & conditions carefully before claiming the welcome package at the casino you’ve chosen.

3 Claim your welcome bonus package.

You can claim the bonus package in the lobby or promotions tab in your player account.

4 Start playing!

Now that you’ve claimed your bonus, it’s time to start playing! You’ll be able to see your bonus money in a separate account from the money you deposit. Keep tabs on your account to know how much further you need to go to meet your wagering requirements.

What are Wagering Requirements?

Wagering requirements are also known as playthrough requirements. WR are part of the terms and conditions for a no deposit bonus. Wagering requirements are multiplier rules associated with the promotion. It indicates precisely how many times Players must rollover the bonus before they can withdraw any funds.

How to Calculate the Wagering Requirement

A $20 no deposit bonus subject to a 30X wagering requirement means that players must wager their bonus amount a total of 30 X ($600 in bets) before cashing out any payouts. Any attempt to withdraw without meeting the playthrough requirement will invalidate the bonus + payouts in the account.

What portion of the offer is subject to wagering requirements?

The portion of the offer that is subjected to wagering requirements is usually indicated in the bonus terms and conditions. Wagering requirements can be applied to both deposit match bonuses and free spins bonuses, and in some cases, wagering requirements may also be applied to your deposit amount.

Welcome Bonus Package Tips

Here are some easy to implement tips to get you started with Bonus Package Strategies:

Bonus Package vs. Single Bonus

Some casinos offer players a choice between a single bonus and a bonus package—but is a bonus package always the way to go? If you’re new or unsure about how to meet the wagering requirements, a single bonus might be a better option. However, bonus packages certainly give you more bang for your buck. Here we’ve created a comparison table so you can weigh your decision carefully.

Bonus Package Single Bonus
Includes different types of rewards Includes only one bonus
Players gain a lot Players gain an adequate amount
Terms can be confusing Terms are simple
Withdrawals are capped Higher withdrawal limits

How We Rate

How Our Experts Rate Online Casinos and Gambling Sites: Reviewing casinos is what we do best, and we always make sure that we cover the vital information and essential factors. When considering which online casino to choose, we’ll provide you with the most up to date information on a casino’s security measures, payouts, player feedback about the casino, and much more. Take a look at the graph below for more info.

Aspects taken into account when rating is calculated

Our expert reviews will lend a helping hand to finding the best and most rewarding online casinos. By noting a casino’s game library, banking options, customer support, and all of the most important factors to consider when choosing a casino, our expert reviewers put the power in your hands.
Find out more about how we rate

Our Favorite Casino

Favorite
New

20BET Casino

9.2
Best for
Blackjack
Slots
Roulette
Over 4000 games available

Excellent reputation since the casino was established.

Top games from NetEnt, Microgaming, and more.

24/7 customer support in multiple languages.

Really fast payout times.

Accepts Bitcoin and other cryptocurrencies.


Win Rate
97.9%
Payout Speed
7 days
Features
3D Games
Arcade Games
Auto Play
Branded Games
9 more
Payment Methods

100% Match Bonus up to €120 + 120 Free Spins

Welcome Bonus

18+ Only, T&C Apply.

FAQ

A bonus is a standalone offer you can claim, while a bonus package consists of multiple rewards for multiple deposits.

You can check our expert-curated list for casinos that offer the best welcome packages for Icelandic players.

Make sure to note to which games the bonus applies, the wagering requirements, and maximum winnings.

Welcome bonus packages vary by casino, but you can easily get more than kr2000 from a multi-deposit bonus.

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