MGM Online Casino is a well-known platform offering players a wide variety of games, including slots, table games, and live dealer experiences. One of the most attractive promotions that online casinos like MGM offer to new and returning players is the match deposit bonus. This type of bonus allows players to receive additional funds based on the amount they deposit into their casino accounts. However, while the bonus itself may look enticing, there are certain requirements that players must meet in order to withdraw their bonus funds and any winnings associated with them.
In this comprehensive guide, we will explore the specifics of MGM’s match deposit bonuses, including the wagering requirements, bonus limits, eligible games, and how much you really have to play before you can cash out your bonus winnings.
What Is a Match Deposit Bonus?
A match deposit bonus is a promotional offer where an online casino matches a percentage of a player’s deposit, up to a specified limit. For example, MGM Online Casino might offer a 100% match bonus up to $1,000. This means if you deposit $500, the casino will give you an additional $500 in bonus funds, allowing you to play with a total of $1,000.
Match deposit bonuses are popular because they significantly increase your bankroll, giving you more opportunities to win. However, to fully benefit from the bonus, you need to understand the terms and conditions that accompany it, particularly the wagering requirements.
How Much Do You Have to Play? Understanding Wagering Requirements
Wagering requirements (also known as playthrough requirements) are the number of times you must bet or play through the bonus amount before you can withdraw the bonus and any associated winnings. MGM Online Casino typically has specific wagering requirements attached to its match deposit bonuses, and these can vary depending on the promotion.
For example, if MGM offers a 100% match deposit bonus up to $1,000 with a 25x wagering requirement, this means you will need to wager 25 times the bonus amount before you can withdraw your funds. Let’s break this down:
Example Scenario:
- Your Deposit: $500
- Match Bonus: $500 (100% of your deposit)
- Wagering Requirement: 25x
In this case, you would need to wager $500 (bonus) x 25 = $12,500 before you can withdraw any of the bonus funds or winnings derived from the bonus.
Eligible Games for Wagering
Not all games contribute equally to the wagering requirements. Casinos like MGM have different contribution rates for various game categories. This means some games might only contribute a percentage of your wager towards meeting the playthrough requirement, while others might contribute 100%.
| Game Type | Contribution to Wagering Requirements |
|---|---|
| Slots | 100% |
| Table Games (Blackjack, Roulette, etc.) | 10% – 25% |
| Live Dealer Games | Often excluded or 10% |
| Video Poker | 10% or excluded |
As you can see, slots typically contribute 100% toward the wagering requirements, meaning every dollar you bet on slots counts in full. However, table games and live dealer games often contribute a much smaller percentage. For example, if blackjack only contributes 10%, this means for every $100 you wager on blackjack, only $10 will count towards fulfilling the wagering requirements.
Minimum and Maximum Deposits for Bonus Eligibility
MGM Online Casino usually sets minimum and maximum deposit amounts for its match bonuses. Here’s a closer look at these limits:
Minimum Deposit
Most match deposit bonuses at MGM require a minimum deposit to be eligible for the bonus. For instance, a promotion may state that you must deposit at least $10 or $20 to claim the bonus. If you deposit less than the required amount, you will not receive the match bonus.
Maximum Bonus Limit
Match deposit bonuses also come with a maximum limit. For example, if MGM offers a 100% match up to $1,000, the maximum bonus you can receive is $1,000, even if you deposit more than that amount. In this case, depositing $1,500 would still only give you a $1,000 bonus, as that is the cap for the offer.
Time Limits: How Long Do You Have to Complete the Wagering?
Another important factor to consider when playing with a match deposit bonus is the time limit set by the casino to complete the wagering requirements. MGM Online Casino generally gives players a specific period—usually between 7 and 30 days—to meet the wagering requirements.
If you fail to meet the requirements within this timeframe, the bonus funds and any winnings generated from the bonus may be forfeited. Therefore, it’s crucial to keep track of the expiration date and plan your play accordingly.
Bonus Codes and Activation Process
To claim a match deposit bonus at MGM Online Casino, you may be required to use a bonus code during the deposit process. The bonus code is typically provided on the casino’s promotion page or in marketing emails sent to players. Entering the correct code ensures that the bonus is applied to your account.
After making your deposit and entering the code, the bonus funds will be credited to your account automatically. Always double-check that the bonus has been applied before you start playing to ensure you receive the full benefit of the promotion.
Withdrawal Process: Cashing Out After Completing Wagering
Once you’ve met the wagering requirements, you can withdraw both the bonus funds and any winnings associated with them. MGM Online Casino offers several withdrawal methods, including:
- Bank Transfer
- PayPal
- Skrill
- Credit/Debit Cards
The time it takes to process withdrawals depends on the method you choose. E-wallets like PayPal and Skrill are generally faster, with processing times of 24-48 hours, while bank transfers and credit card withdrawals can take between 3 to 5 business days.
Before withdrawing, make sure you have met all the wagering requirements and check if there are any additional conditions or limits on withdrawals.
Maximizing the Value of MGM’s Match Deposit Bonuses
To make the most out of MGM’s match deposit bonuses, follow these tips:
Focus on High-Contribution Games
Since slots often contribute 100% to the wagering requirements, focusing on these games can help you complete the playthrough more quickly. Stick to slot games with high RTP (Return to Player) percentages to maximize your chances of winning while working toward your wagering goal.
Track Your Progress
Keep an eye on your progress toward meeting the wagering requirements. Most online casinos, including MGM, have a tracking system that shows how much you’ve wagered and how much is left to fulfill the requirements. This helps ensure you stay on top of your bonus.
Avoid Low-Contribution Games
Unless you’re specifically playing for fun or strategy, avoid games with low wagering contributions, such as blackjack or live dealer games, as they will slow down your progress. These games can still be enjoyable, but they’re not the most efficient for completing wagering requirements.
Example of Playing Through a Match Deposit Bonus
Let’s go through a real-world example of playing through a match deposit bonus at MGM Online Casino.
Scenario:
- You deposit $200, and MGM matches your deposit with a $200 bonus.
- The wagering requirement is 30x.
- The wagering applies only to the bonus amount.
In this case, you need to wager $200 x 30 = $6,000 to meet the requirements. If you play slots, where each bet counts 100%, you need to bet a total of $6,000 across various spins. However, if you play blackjack, which contributes only 10%, you would need to wager $60,000 to fulfill the same requirement—making slots a more efficient choice in this scenario.
Key Considerations Before Using Match Deposit Bonuses
- Read the Terms and Conditions: Always read the fine print of any bonus offer to ensure you understand the wagering requirements, eligible games, and time limits.
- Play Responsibly: Set a budget for your gaming, and never chase losses. Stick to games that you enjoy, but be mindful of how much you’re wagering.
- Maximize Free Play: Use the bonus to explore games you might not typically play, allowing you to experience more of what MGM has to offer without risking your own money.
Final Thoughts on MGM Online Casino Match Deposit Bonuses
MGM Online Casino’s match deposit bonuses provide an excellent opportunity to enhance your bankroll and explore the wide variety of games available. However, understanding the wagering requirements, game contributions, and time limits is essential to making the most of these bonuses. By focusing on high-contribution games and tracking your progress, you can maximize the value of your bonus while enjoying a top-notch gaming experience at one of the most trusted online casinos in the industry.