New York No Deposit Casino Bonus Codes for February 2023
New York may soon introduce legal online gambling, at which point you will want to know where to find information about NY online casino no deposit bonus offers. You are in the right place. Here, the PlayNY team has compiled all you need to know about no deposit bonuses in New York.
What you will learn:
- The best potential NY online casino no deposit bonuses
- Factors to consider when choosing the best no deposit bonus
- How to determine the value of a no deposit bonus
What are no deposit bonuses, and why do casinos offer them?
Online casinos offer no deposit bonuses to encourage new players to register accounts and play games. For the players, these no deposit bonuses are a great way to get a feel for a site and particular games without having to risk any funds right away.
Sometimes these bonuses might come with certain restrictions regarding which games you can play. They might also have playthrough requirements attached to them, as discussed below. Read on to learn more about how these no deposit bonuses work, and the best NY no deposit bonus casinos expected post-legalization.
Best expected new NY online casino no deposit bonuses
The following online casinos are currently up and running in other states and are likely to launch in New York once the state legalizes real money NY online casinos. Each of these online casino operators already has online sportsbooks in New York. Each also offers different types of no deposit bonuses.
BetMGM no deposit bonus
BetMGM Casino is a popular choice for online casino players, representing the trusted MGM brand well with a wide selection of slots and table games. At BetMGM Casino, new sign-ups receive a $25 no deposit bonus as soon as they register their account. There is no playthrough requirement although, in effect, there is a 1x wagering requirement since you must wager the money (and cannot withdraw it immediately). In any case, you can start playing right away and keep whatever winnings you earn.
Bally no deposit bonus
Bally Casino is an online casino operating in New Jersey that offers a no deposit bonus. The offer awards a $30 no deposit bonus to new sign-ups. Players can use the bonus funds right away and there is only a 1x playthrough wagering requirement attached. Bally is a trusted name, already familiar in NY in part due to its online sportsbook.
DraftKings no deposit bonus
The DraftKings Casino has built a great reputation in the states where it operates. New York sports fans already know DraftKings well through its popular online sportsbook and daily fantasy site. DraftKings Casino currently has a generous $60 no deposit bonus for new players. You can play any game you like with the bonus with just a 1x wagering requirement.
Pros and cons of using a NY casino no deposit bonus
No deposit bonuses can be great for multiple reasons, but when compared to other types of online casino bonuses, they have a few drawbacks. Here are the top pros and cons of using a no deposit bonus casino in NY.
No deposit bonus pros
- Test out the online casino without risking any funds.
- Try different games for free to test how they work.
- They usually come with little or no wagering requirements, unlike other bonuses.
- There’s the potential to earn and even withdraw winnings with no risk.
No deposit bonus cons
- They’re often for smaller amounts than other bonus types (e.g., deposit match bonuses).
- Sometimes the bonus can be used only on certain games.
- They occasionally come with significant playthrough requirements that might require you to deposit funds to satisfy them.
- Free spins on certain games sometimes yield a chance for only limited winnings.
Be sure to review the terms and conditions for a no deposit bonus before leaping to sign up for a new online casino. Determine beforehand if the bonus adds a genuine incentive for you to register an account and start playing on the site.
How to select the best NY casino no deposit bonus
There are a few factors you’ll want to consider when evaluating an online casino’s no deposit bonus. Take all of the following into account. Such factors can sometimes dramatically affect the quality of the offer.
We have already mentioned wagering requirements, also called playthrough requirements. When you receive a bonus with a wagering requirement attached, you have to wager a certain amount at the online casino before receiving the bonus. For instance, if a no deposit bonus has a 10x wagering requirement, that would mean for a $25 bonus you’d have to wager $250 on the site before “unlocking” the bonus. In fact, that could make a no deposit bonus into one that actually requires you to deposit funds in order to receive it.
Be sure to sort out beforehand whether there is any wagering requirement attached to a no deposit bonus. No requirement is best, and a low one is better than a high one.
Sometimes no deposit bonuses come with time restrictions, meaning you have a limited amount of time to use the bonuses, or else they are forfeited. Sometimes the restriction is 24 hours; sometimes it’s one week. Other times, you might have 30 days to use the bonus.
Usually, the clock starts when you create the account, so if there is a time restriction, take note and be sure to use your bonus within the allotted time.
It is not uncommon to find online casinos that offer no deposit bonuses playable only on specific games. Sometimes the bonus looks great but can be used only on a handful of slots. You might also not be able to try out your favorite table game with the bonus funds. Check for game restrictions when evaluating no deposit bonuses.
Often you’ll find when awarded a no deposit bonus that you cannot simply withdraw it, but you have to wager all of the funds. Be certain to clarify whether there are any restrictions on withdrawing funds and/or winnings. An online casino may have several fast payout options available, but such restrictions may require you to wait a little longer before being able to withdraw.
Types of online casino NY no deposit bonuses to expect
As noted, there are different kinds of no deposit bonuses, including some that come with certain game restrictions.
- Free cash casino bonus — a free cash bonus comes with no restrictions, enabling you to use the bonus on any games available at the online casino
- Free spins casino bonus — a free spins bonus is usable for slots, and in some cases only for particular slots titles
- Free spins and cash casino bonus — a combination free spins and cash bonus includes both free spins for use in slots and cash that can usually be used to play table games or whatever else the site features
Note that in the context of no deposit bonuses “cash” generally refers to money that can be used only to play games. In other words, the money cannot be withdrawn. It must be wagered on the site. Then, any money you win can be withdrawn as allowed by the terms and conditions.
Therefore, you might sometimes see such no deposit bonus “cash” described as “free credits” or the like. For example, at DraftKings Casino, new players receive “DK Dollars” as a no deposit bonus, which is simply money that has to be wagered and cannot be withdrawn.
Using a New York casino no deposit bonus
Once you have looked through the best online casinos offering no deposit bonuses and chosen one where you’d like to create an account, the steps for doing so are usually quick and simple.
Most sites feature a prominent “Sign Up” or “Create Account” button on the main page. Alternatively, if you download the mobile app from either the Apple Store or Google Play, you will see a similar button when first opening the app. While each online casino is different, most carry you through the following steps:
- Step 1: Provide personal information (name, phone, physical and email address, date of birth, last four digits of Social Security number)
- Step 2: Create username and password
- Step 3: Set up security questions
- Step 4: Enter no deposit bonus code, if prompted
That last step is important if there is a promotional code attached to the no deposit bonus. If that is the case, be certain to enter that code when registering your account (where prompted) or else you may not be able to receive the no deposit bonus. When you are comparing online casinos and looking for the best no deposit casino bonus, take note then whether you need to enter a bonus code to receive it.
Best NY no deposit bonus games
At many online casinos, you’ll be able to use your no deposit bonus to play a variety of casino games. That means getting to freely try out online blackjack or online roulette in New York (once legal), as well as other casino favorites:
You’ll find slots are the most commonly targeted games for no deposit bonuses. Some bonuses are designated as “free spins”; those are specifically designed for free slots play.
No deposit bonus terms and conditions
No deposit bonus playthrough requirements
When attached to a no deposit bonus, a playthrough requirement (aka wagering requirement) refers to how many times you have to wager the amount of the bonus in order to receive it. For example, if the bonus is worth $20 and comes with a 5x playthrough requirement, you have to wager $100 total in order to receive the bonus.
You’ll sometimes see this called a “rollover requirement.” Meanwhile, earning the bonus is sometimes called “unlocking” the bonus.
Other no deposit bonus requirements
As noted above, no deposit bonuses can also come with time restrictions or requirements (e.g., you must use the bonus within a certain number of days). They can additionally have game restrictions attached, meaning you can only use the bonus for certain casino games.
Determining no deposit bonus value with theoretical losses
One way to judge the value of a no deposit bonus is to think about how the bonus holds up against your theoretical losses in a particular casino game. This is most meaningful whenever a bonus comes with a significant playthrough requirement, in which case you have to risk a certain amount of money to earn the bonus.
A no deposit bonus with no playthrough requirement is obviously the most preferable, as that is simply money you can wager right away with no stipulations. And if you win, the cash is yours to withdraw, if you like.
Let’s say you receive a $100 bonus, but there is a 5x playthrough requirement, meaning you have to wager $500 in order to receive the bonus.
Your theoretical loss when wagering that $500 depends on the game you choose to play. Let’s say you play a particular slot on which the RTP (return to player) percentage is 95%. That means for every $100 you wager, you can expect to lose $5. If you wager $500 playing that game, you can expect to lose $25.
Here, the no deposit bonus isn’t so bad, since your theoretical loss is less than the bonus. You could describe the value of the bonus (when playing that slot) as $75 ($100 bonus – $25 theoretical loss = $75).
However, if the playthrough requirement was 30x for a $100 no deposit bonus, it would be a much less attractive offer. In that case, while playing the same game as above, your theoretical loss would be much greater than the actual bonus!
In this case, you’d have to wager $3,000 to receive the bonus. On a slots game with 95% RTP you’d expect to lose $150, which is $50 more than the $100 bonus.
Some online casino games have particularly low RTP percentages (or particularly high “house edges”), making them even less attractive options when trying to satisfy a playthrough requirement. Keep that in mind as well whenever you receive a bonus with such a requirement attached to it.
Cashing out a no deposit bonus
More often than not, the playthrough requirement for a no deposit bonus will be quite low (if there is one at all). Indeed, most often it is simply a 1x playthrough requirement, meaning once you’ve wagered all of the bonus funds, you’re done.
Once you’ve played through the bonus, whatever money you win along the way goes into your online casino account. At that point, you might want to use the money to play another game, which you can. Or you might want to go ahead and withdraw or “cash out” your funds.
At some casinos, you might actually have to make at least one deposit before you are allowed to withdraw any funds. You might also have to wager a minimum amount before withdrawing as well. Some casinos will require you to wager at least the amount of your first deposit before you can start withdrawing. Often the minimum deposit allowed is just $5 or $10, but that’s still something to consider.
In any case, be sure to read the terms and conditions so you won’t be surprised when you go to withdraw for the first time and realize you cannot do so without performing other actions first.
NY online casino no deposit bonus overview
No deposit bonuses offer a great chance to try out a new online casino with little or no initial risk. When deciding among the top NY online casinos, be sure to check whether they include a no deposit bonus in their welcome offers. This page is regularly updated, so check back to find all the latest NY no deposit bonus codes available at the best legal online casinos.
NY casino no deposit bonus FAQ
While it is up to each individual how to use a no deposit bonus, it is generally smart to use the bonus to try out different games and get acquainted with the different features of a new online casino. You might consider your theoretical losses in a given game and try to avoid games where you expect to lose at a higher rate. Then again, some may prefer taking bigger risks with no deposit bonus funds than they would with their own money.
While no deposit bonuses are most often found associated with welcome offers and therefore aimed at new sign-ups, online casinos will sometimes offer no deposit bonuses to current players as well. These are often small rewards such as free spins or casino credits that require some action (e.g., opting in or playing a particular game) but no deposit to claim the bonus. Always keep an eye out for new casinos in New York and the bonuses and promo codes when they come along.
Yes, you can! Sometimes the money you win while using a free no deposit casino bonus is subject to certain restrictions or requirements before you are allowed to withdraw the funds. But yes, you can certainly win real money with no deposit bonuses as well as with other types of casino bonuses and promotions.
Yes, in almost all cases, a no deposit bonus available to players using the web-based version of a site is also available to those using online casino apps. In fact, in some cases, there are bonuses exclusive to app users that are not available when playing on a computer.
Online casinos change their offers from time to time, but at present DraftKings Casino has the best no deposit bonus worth $60 for those who register new accounts.