The Low Deposit Casino Trend Continues — But What Does It Mean?

A lot has changed in the online casino world.

One of the biggest (and most exciting) changes has been the rise of low deposit casinos. From BetMGM to FanDuel, even some of the most popular operators have decided to cut their minimum deposit requirements in half. Unsurprisingly, it’s led to millions of new players joining the industry — and it looks like this trend is going to stick around.

What’s Behind The Rise of Low Deposit Casinos?

Since 2020, there’s been a crazy increase in low deposit online casinos. These are gambling sites that have extremely low minimum deposit requirements, typically ranging from $5 to $10. The appeal behind them is that:

✅ You don’t have to deposit as much money

✅ It encourages responsible and safer gambling

With everything that’s going on at the moment, from the cost-of-living crisis to an underperforming global economy, the average casino player has got a tighter grip on their wallet. As a result, they are less willing to bet big like they would have in the past. Instead, they would rather place smaller (but smarter) bets while trying to land huge jackpots, which is why low deposit casinos are so important.

US Casinos With the Lowest Minimum Deposits

The US online casino market is booming. By 2029, Statista projects that it will be worth over $10bn, making it one of the most valuable industries in the country. And within this industry are a huge number of players who specifically search for online casinos that require them to deposit very little money.

LowPlays is an expert site on minimum deposit casino offers and has recently put together a list of the leading minimum deposit casinos in the US. For any budget-conscious players out there who don’t want to deposit huge bags of cash, some of these casinos include:

FanDuel

💰 Minimum Deposit	$5
🎁 Welcome Bonus	350 Bonus Spins to play on Cash Eruption

The FanDuel online casino is one of the most popular in the US, with over 3 million (and counting) users. One of the best things about FanDuel is that it reduced its minimum deposit to $5, enabling the site to gain a competitive edge in a highly saturated market. On top of this, FanDuel has stacked its casino with over 200 games, including slots, blackjack, and a whole range of live dealer games, too. And if you join today, you can get 350 bonus spins to use on Cash Eruption, which is one of the fan-favorite slot games available inside the FanDuel casino.

Golden Nugget

💰 Minimum Deposit	$5
🎁 Welcome Bonus	$77 in casino credits if you deposit $7 or more

Golden Nugget is another excellent online casino that comes with a minimum deposit requirement of $5. It has close to 1,000 games to pick from (including over 800 slots) along with weekend bonuses, exciting promotions, and more. Let’s not forget that Golden Nugget also has a nice little range of exclusive games, including the highly popular Rocket. In this game, a rocket keeps rising on the screen and you must exit the rocket before it explodes. The higher the rocket goes before you successfully exit, the more money you win. Best of all, you only need to deposit $5 before you get started, so it should definitely be at the top of your “to-play” list.

DraftKings

💰 Minimum Deposit	$5
🎁 Welcome Bonus	$50 in casino credits once you bet $5

DraftKings casino is the biggest competitor to FanDuel, so it’s very common for these two sites to frequently offer brand-new casino bonuses. At the moment, DraftKings has lowered its minimum deposit to $5 and immediately gives out $50 in casino credits once that $5 is bet inside the casino. This allows players to give their bankroll a major boost. And in terms of its casino library, DraftKings has over 300 games to enjoy, including popular slots like Extra Chilli Megaways, Gold Roll, and Dollar Up!

bet365

💰 Minimum Deposit	$10
🎁 Welcome Bonus	100% matched bonus up to $1,000

bet365 has always been a popular online sportsbook and casino in Europe. However, over the past couple of years, the site has decided to start operating in the US, including Arizona and Pennsylvania. Interestingly, bet365 has already become a smash hit in the states thanks to its low minimum deposit of $10, excellent welcome bonus of up to $1,000, and insane range of over 850 casino games. If you’re looking for a good alternative to FanDuel or DraftKings, then bet365 is definitely worth considering.

BetMGM

💰 Minimum Deposit	$10
🎁 Welcome Bonus	100% matched bonus up to $1,000

Lastly, there’s BetMGM. As part of the LeoVegas Gaming group, BetMGM has become an extremely popular online casino in the US. It offers blackjack, roulette, slots, and pretty much every other type of casino game you can imagine. Plus, you can get a 100% matched deposit of up to $1,000, just like with bet365. Famously, the BetMGM online casino also has an excellent reputation for big progressive jackpots and payouts. It even recently paid out $6.4 million to a player in New Jersey, which is officially the largest ever online casino win to take place in the United States. For the record, this particular player was playing the five-real Fruit Blaster slot, where he bet $200 and suddenly landed the biggest online casino jackpot in human history.

Do Any Online Casinos Have a Minimum Deposit Below $5?

Currently, no online casinos have a minimum deposit below $5. However, throughout each year, it’s popular for some operators to offer special holiday promotions where they drop their minimum deposits for a short period of time. The purpose of these promotions is to attract new members while also convincing players from other online casinos to make the switch.

In the 2000s and 2010s, it was quite common for online casinos to offer minimum deposits that went as low as $1. Sadly, though, this changed when sites realized that players were abusing the system or immediately quitting (and never coming back) once they’d bet their $1. In other words, it was an unprofitable model, which is why the vast majority of online casinos today have minimum deposits ranging from $5 to $20.

For example, FanDuel, Golden Nugget, and DraftKings all currently have minimum deposit offers of $5 for their online casinos. It’s a great strategy and has ultimately allowed them to attract millions of worldwide users. After all, the average player no longer wants to deposit a big amount of money, such as $50 or $100. Instead, they’re much more financially comfortable on the lower end — and these operators understand that.

Summary

In the USA, there are currently over 200 online casinos. Yep, it’s a huge number. Naturally, this means the industry has become extremely competitive, so online casinos are having to find new and creative ways to gain an edge. Over recent years, one of the key ways they’ve done this is by cutting their minimum deposits, as seen with the likes of FanDuel. Moving forward, you can expect this trend to continue over the coming decade as more budget-conscious gamblers enter the industry — and you might even see some sites make the shock decision to drop their minimum deposits below $5.