LeoVegas Casino Welcome Bonus Breakdown

Let’s take an in-depth look at the LeoVegas online casino Welcome Bonus offered in Canada. We will go through the conditions and requirements and explain what new players can expect from the bonus. We also compare it to other bonuses and list the pros and cons.

Last updated on August 4th, 2022

About the LeoVegas Casino Welcome Bonus

The Bonus Breakdown helps new casino players fully understand different Casino bonuses and how each one works. We will explain exactly what each bonus gives you and what you need to do. LeoVegas is well-known as one of the most prominent online casinos in Canada. They first emerged on the market with a heavy focus on their mobile product. Since then they have also expanded to include sports betting. They are one of the few casino sites that offer almost every gambling product, including bingo.

Today we will focus on the LeoVegas online casino welcome offer.

A screenshot of the LeoVegas Casino Welcome Offer promoting a $1000 Cash bonus and 200 free spins
LeoVegas Welcome Bonus in Canada

Their welcome offer states that you will get a 100% matched deposit cash reward of up to $1,000 and 200 free spins on your first deposit. As we always mention on the bonus break down the only way to really understand a bonus is to look at the terms and conditions

Let’s dive right in.

$1000 Deposit Match Terms and Conditions

The first thing we noticed about the casino welcome offer is that once you have registered at LeoVegas you have 60 days to activate the bonus. Once you activate the bonus you have seven days to complete the wagering.

$1000 and 200 Free Spins Casino Welcome Package
$1000 and 200 Free Spins Casino Welcome Package

We will discuss wagering at quite some length as it is the stand-out condition in this casino bonus.

The interesting thing about this bonus is that all wagering is done based on your deposit amount and on your real money balance.

The next important thing to keep in mind about the Leo Vegas casino bonus is that the bonus amount and the free spins are not awarded to you until you finish wagering your deposit amount.

The number of free spins you receive also depends on your first deposit amount.

How to claim the bonus

Let’s take this step by step.

Once you register at LeoVegas you need to choose the casino welcome offer while you are filling in your details.

When you finish your registration you have to go to your offers page and click the deposit button on the welcome offer card.

This will activate the Casino welcome offer.

The minimum deposit amount is $10. LeoVegas will match your deposit amount up to $1,000.

Wagering Requirements

However, you will not receive the cash bonus or your free spins until after you have completed the 20x wagering requirement on your deposit amount. As soon as you make your first deposit your wagering requirement will begin. 

Since the wagering is set at 20 times your deposit amount this means that if you deposit $10 you need to wager $200. If you deposit $100 you must wager $2,000 and so on. If you want the max $1,000 bonus that means your wagering requirement will be $20,000. These are some really hefty amounts considering that Leo Vegas is making you wager with real money before they even release the cash bonus and free spins.

Free Spins

The free Spin amount also depends on the amount of your first deposit.

A screenshot of a table showing the amount of free spins awarded based on the first deposit amount
Free Spins on Book of Dead based on First Deposit Amount

If you deposit up to $49 you will get 50 free spins. A deposit of between $50 and $99 will get 100 free spins. If you deposit more than $100 you will get 200 free spins. The free spins are only valid on the online slot game Book of Dead. The free spins are also set at the lowest bet amount of $0.10 each.

The positive thing about these free spins is that there is no wagering requirement attached to them. These are real-cash free spins so any winnings you get from the spins are paid as real money which you can withdraw immediately.

Real Money Bonus

After you complete the 20 times wagering on your deposit amount the cash bonus will be added to your account as real money as well. This means that you do not need to wager the bonus and it is real cash. You can even withdraw that money if you wish.

While you are wagering your deposit amount it’s important to note that you should only play Slots because slots contribute 100% to the requirements. There are a few slots that contribute less than 100% to wagering. There are also a few slots that do not contribute to wagering requirements at all. It is very important to look at the terms and conditions so that you can see which slot games you should avoid so you don’t miss out on wagering.

LeoVegas Casino Welcome Bonus Pros and Cons

After going through all the important terms and conditions associated with the LeoVegas Casino Welcome Bonus in Canada here are the most important positive and negative aspects of the bonus.

The wagering requirements are low compared to other sites

The bonuses are given as cash

Wagering is locked onto the deposit amount

Bonus is not released until wagering is completed

Gathering complete information about the bonus is tedious as it is spread on multiple pages

LeoVegas Casino Bonus Final Words

There you have it, those are the main details about the Leo Vegas Online Casino Bonus.

After considering the pros and cons of this bonus, we are going to have to rate it a 5 out of 10.

Having to look through multiple pages in order to get all the relevant terms is a real inconvenience. It takes a lot of back and forth just to understand all the details for the different parts of the bonus. Locking the wagering requirement to the deposit amount and on the real money balance means that you might not even be able to release the bonus if you run out of cash before your wagering is complete. However, LeoVegas does give you the option to deposit more money to complete your wagering.

Unlike other bonuses, this bonus does not really aim to extend your bankroll and your game time. The main attraction of this bonus is that it is awarded as real cash which you can withdraw immediately. If you get lucky while wagering and end up with a profit, this will be further enhanced with the cash bonus. The fact that the free spins are also cash spins without wagering is also a big plus.

But, again, we need to go back to the fact that none of this is released until you complete the wagering on your deposit amount using real cash, making it much more likely that you might not see any of it at all. If you want a bonus to extend your gameplay and bankroll, then this is not it. This bonus makes sense if you are more interested in getting real cash at the end of your wagering and hoping luck is on your side.

For more bonus options, check out our Casino Bonuses in Canada page.

Learn more about LeoVegas in Canada by reading our LeoVegas Casino Review.

LeoVegas Casino Welcome Bonus FAQ

Here is a selection of the most common questions regarding the LeoVegas Casino Welcome Bonus in Canada.

About the Author

Michael Vella

Michael has worked in media and publishing for the last 20 years. His first jobs in online publishing were at online tech sites focusing on Microsoft Networking, Security all the way through SaaS and Cloud technologies. In 2016 he started his online gambling journey and since then has worked at Betsafe, Royal Panda, and STS before joining the iBet Network team.

He has also worked as a freelance writer for a number of newspapers and magazines and has interviewed dozens of local authors and celebrities. For seven years he was also the Co-Editor of Shlock Magazine, an online magazine of short fiction.
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