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
- If im up anytime above the $2000 (Initial deposit + Match) say $2500 can I withdraw the $500 winnings?
- 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+ Match) and then deposit more money, will i essentially start from scratch and my new deposit and winnings can be withdrawn from at any time?
- 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!