Wagering Requirements Questions

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I live in Michigan where online casinos just became legal and now there are a whole host of online casinos offering promos to lure you in.

My question is in regards to this promo

  • The wagering requirement of 10x (ten times) the deposit + bonus must be met to convert the bonus funds or bonus winnings to cash. Only wagers on Slot games are applied toward the wagering requirement.

So just to make sure I am understanding this correctly, if I deposit $1000 & am granted a $1000 deposit match, I have to play $10,000 to withdraw any of the promo.

If that is correct, my questions are

  1. If im up anytime above the $2000 (Initial deposit + Match) say $2500 can I withdraw the $500 winnings?
  2. If I burn through all of the initial $2000 (Initial deposit + Match) and then deposit more money, will i essentially start from scratch and my new deposit and winnings can be withdrawn from at any time?
  3. How do Online Casinos put the deposit match or bonus with the original deposit? Say you have that $2000 (Initial deposit + Match) and you lose down to $1250 and you would like to withdraw, can you only withdraw $250 because you haven't met the wagering requirements?

Thanks for all the help as this is new to me and all Michiganders!

submitted by /u/OhHeyBrett
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