Online Casino Bonus History
When online casinos first started to operate, they had to use some tools that would attract players to the site and get them to make cash deposits. In the late 1990s, welcome bonuses were the main attraction of playing online and at that time, there were fewer casinos in the industry. This allowed sites to offer more generous bonus offers than players get today. However, since there were few regulations, many casinos ended up losing money on these offers, which lead to the change of bonus rules. At that time, new players could make a cash deposit and get a bonus that was equal to or greater than their deposit amount. Players were also able to use that cash to generate winnings and then withdraw the amount won. Now, bonus restrictions will prevent this, forcing players to return to the casino to meet wagering requirements.
As the online gambling industry started to grow and more casinos were available, the bonus offers became more of an attraction. This is when casinos started to offer different types of bonuses so they could compete with other casinos. Casino sites started offering loyalty rewards and reload bonuses that would keep players coming back to their site for great gambling action.
Over the years, the online gambling industry became very competitive with sites trying to get new players to sign up and keep their existing players. Since there are so many choices in casino sites now, players will often take time to compare different bonus offers before they choose a casino. Many players will ensure that the casino will offer ongoing offers to earn free cash. Now, instead of a simple welcome bonus, players will enjoy cash back offers, referral rewards, preferred payment bonuses, loyalty bonuses and many other promotes that can provide free casino cash.
Seeing as so many players now access online casinos, most sites will have strict terms and conditions when it comes to redeeming a bonus. This prevents fraud and bonus abuse and allows the casino to continue earning money as players return to the sites to complete their bonuses and enjoy the cash games.