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The Best £500 Casino Welcome Bonuses UK - 2022

By Noel Davis on

TopRatedCasinos.co.uk is dedicated to helping customers find the best place to play online. Your safety and well-being is a priority, which is why all of our expert casino reviews are 100% honest and unbiased, and we highlight the key terms and conditions of every casino bonus we advertise. Whilst we accept commission from the casinos on our list of recommendations, and this may affect where they’re positioned on our lists, we only recommend casinos that we truly believe are safe and fair. Of course, we can’t rate and review every casino site, but we do make sure that only the best UK-licensed casinos make it onto our lists.

TopRatedCasinos.co.uk is dedicated to helping customers find the best place to play online. Your safety and well-being is a priority, which is why all of our expert casino reviews are 100% honest and unbiased, and we highlight the key terms and conditions of every casino bonus we advertise. Whilst we accept commission from the casinos on our list of recommendations, and this may affect where they’re positioned on our lists, we only recommend casinos that we truly believe are safe and fair. Of course, we can’t rate and review every casino site, but we do make sure that only the best UK-licensed casinos make it onto our lists.

Fancy claiming £500 in casino bonus credit? This handy deal is up for grabs at a range of top online casinos.

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Whether you’re a fan of online slot games, or fancy a game of  roulette or blackjack, a £500 bonus will afford you some extra play time.

Want to know where you can get your hands on these welcome bonuses? We have the answer right here!

Take a look through our list of online casinos offering a £500 bonus to new customers.

All you need to do is compare, pick your favourite, sign up and deposit!

List of £500 Bonuses - July 2022

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Rank Online Casino Casino Rating Sign-up Bonus Score Key Features Sign Up Terms & Conditions
1
1572 User Ratings
Expert Review

100% up to £500

9.9
  • Brand New Casino
  • Great Live Casino
  • Top VIP Members Club
18+. New players only. Min. dep £20. Max. bonus bet £5. 20 bonus spins on Fortunium (No deposit required) on registration plus 200 Bonus spins on Book of Dead on your 1st deposit. Winnings from all spins credited as bonus funds and capped at £20. Bonus funds are separate to Cash funds & subject to wagering requirement (40x deposit plus bonus). Only bonus funds contribute towards wagering requirement. Bonus funds must be used within 30 days, spins within 72hrs. Affordability checks & Terms apply. Please gamble responsibly. BeGambleAware.org. FULL TERMS IN FOOTER BELOW. 18+ Please Gamble Responsibly. Click 'Claim Bonus' to view the full terms and conditions.
2
1908 User Ratings
Expert Review

200% Up To £300

9.7
  • Full PayPal Support
  • Exclusive Bonuses
  • 7-Figure Jackpots
£20 min deposit, excluding deposits by Skrill or NETELLER • 200% up to £300 Bonus • Bonus wins are capped at £500 • To withdraw bonus & related wins, wager 30 x (bonus amount) within 90 days. 18+ Please Gamble Responsibly. Click 'Claim Bonus' to view the full terms and conditions.
4
1893 User Ratings
Expert Review

100% Up To £500

9.6
  • Accepts PayPal
  • Massive Jackpot Slots
  • Great VIP Club Perks
1st dep only (min £10), max bonus £500, valid 7 days, on selected slots; 40x wagering on the sum of deposit & bonus applies. Max convertible to real is 5x bonus amount received bonus & wins for selected slots only 18+ Please Gamble Responsibly. Click 'Claim Bonus' to view the full terms and conditions.
6
1017 User Ratings
Expert Review

100% Up To £100 +25 Bonus Spins

9.4
  • VIP Cash Back Program
  • Special Offers on Weekends
  • Live Chat Support
18+. New players only. One bonus offer per player. Minimum deposit £10. Bonus spins on selected games only and must be used within 10 days. Bonus funds are 100% of your cash deposit up to £100 and must be used within 30 days otherwise any unused bonus shall be removed. Bonus funds are separate to Cash funds, and are subject to further wagering, betting and withdrawal requirements. Terms apply. BeGambleAware. 18+ Please Gamble Responsibly. Click 'Claim Bonus' to view the full terms and conditions.
7
1426 User Ratings
Expert Review

100% Match Bonus up to £300 + 50 Spins

9.3
  • Big Range of Games
  • Progressive Jackpots
  • Full PayPal Support & Rapid Withdrawals
1st dep. of £20-£300, max bonus £300 on selected slots, 50x wagering on the sum of deposit & bonus applies. Max convertible 5x bonus amount received and T&C's Apply. 18+ 18+ Please Gamble Responsibly. Click 'Claim Bonus' to view the full terms and conditions.
8
5378 User Ratings
Expert Review

100% Up To £200 + 50 Spins

9.3
  • Great Slots + Roulette
  • Live Dealer Tables
  • Loyalty Rewards
Min. deposit £20. Max. bonus bet is £5. Bonus spins on selected games only and must be used within 72 hours. Winnings from Bonus spins credited as bonus funds and capped at £100. Bonus funds expire in 30 days, unused bonus funds will be removed. Welcome Offer is 100% match up to £200 plus 50 bonus spins on your 1st deposit, 50% match up to £50 on your 2nd deposit. Bonus funds are separate to Cash funds, and are subject to 35x wagering the total bonus & cash. Only bonus funds count towards wagering contribution. Affordability checks apply. 18+ Please Gamble Responsibly. Click 'Claim Bonus' to view the full terms and conditions.
9
759 User Ratings
Expert Review

200% Up To £500 +30 Spins

9.2
  • New, Modern Casino
  • Great Bonus Offer
  • Slick Mobile Design
1 bonus offer per player. Min. deposit £20. Max bonus bet £5. Extra spins on selected games only- must be used within 72 hours. Bonus funds expire in 30 days, unused bonus shall be removed. Bonus funds are 200% match up to £500 + 30 extra spins on 1st deposit, 25% match up to £800 + 25 extra spins on 2nd deposit, and 50% match up to £200 + 50 extra spins on 3rd deposit. Bonus funds are separate to Cash funds, and are subject to 40x wagering the total bonus, cash & extra spins. 18+ Please Gamble Responsibly. Click 'Claim Bonus' to view the full terms and conditions.

£500 casino welcome bonuses explained

The online casino industry is becoming increasingly competitive, so it’s hardly surprising that welcome bonus offers have reached the heights of £500. Do you want to get your hands on a hefty welcome bonus to help you win big? Let’s take a look at the must-know information before you sign up

How to claim your £500 casino bonus

  1. Compare online casinos

    First off,  you’ll need to choose an online casino. We’ve done the hard work for you by listing the best UK casinos offering £500 welcome bonuses. Safe in the knowledge that every casino listed on our site holds a valid UK Gambling Commission (UKGC) licence, you can use our recommendations to compare casinos and choose which best suits you. Can’t quite decide? Our expert casino reviews dig deep into what each site has to offer.

  2. Sign up & opt in

    When you’ve picked out the casino for you, simply follow our ‘Claim Bonus’ link to head directly to the registration page. Complete the signup form with the required details to create your account and don’t forget to opt-in to claim your bonus funds. Your casino may also ask you to provide identity documents to verify your account.

  3. Deposit & claim your bonus

    You’ll need to make a deposit to claim your £500 bonus The best online casinos accept a range of different payment methods, including Visa and PayPal, which means it’s super easy to deposit funds to your account.

  4. Play

    The fun can begin as soon as your funds are in your account. Head to the games catalogue, choose a title and get playing. Bonus cash funds are a great way for beginners to figure out which games they like best, but they’re also ideal if you’re looking to try a new variation of online roulette or blackjack, or one of the hottest new slot titles.

Name Matched deposit limit Bonus Score Claim Bonus Review Terms and conditions Information
Matched deposit limit :
£500
WELCOME OFFER

100% Up To £500

Our Score
7.7/10
Sign up to Spin & Win casino and you’ll be offered a mammoth matched deposit bonus worth 100% up to £500. New players will only need to make a qualifying deposit of £10, but will double their balance with any deposit up to £500. Bonus funds are then available to use on a selection of the site’s slots — there are 38 for players to choose from, including much-loved titles Gonzo’s Quest and Starburst (both NetEnt) and Book of Dead (Play’n GO). If you’re interested in this offer, you’ll need to be mindful of the wagering requirements, which are set at a disappointingly high 40x the sum of the deposit and the bonus amount. Winning caps are placed at 5x the bonus amount, and players have seven days to make use of bonus funds.
1st dep only (min £10), max bonus £500, valid 7 days, on selected slots; 40x wagering on the sum of deposit & bonus applies. Max convertible to real is 5x bonus amount received bonus & wins for selected slots only 18+ Please Gamble Responsibly. Click 'Claim Bonus' to view the full terms and conditions.

What we like

  • Opportunity to land £1,000 in playing funds
  • Bonus can be used on the world’s most popular slots

What we don't like

  • High wagering requirements
  • Short time frame
Matched deposit limit :
£300

WELCOME OFFER

200% Up To £500 +30 Spins

Temple Nile combines bonus funds with free spins to offer an excellent all-round welcome offer. It consists of a matched deposit bonus worth 100% up to £300 — meaning players can end up with £600 in total playing funds — plus 60 free spins to use on Reel Time Gaming’s Eye of Horus. The free spins will be credited as soon as you’ve created your account. They come with a winning cap of £20 and you’ll have 72 hours to use them or lose them. The bonus funds, however, will expire after 30 days, giving players a bit more breathing space. The major downside is the size of the wagering requirements: these are set at 40x and apply to the sum of the deposit and the bonus. Sign up and make a qualifying deposit of £20 if you want to claim this welcome offer.
1 bonus offer per player. Min. deposit £20. Max bonus bet £5. Extra spins on selected games only- must be used within 72 hours. Bonus funds expire in 30 days, unused bonus shall be removed. Bonus funds are 200% match up to £500 + 30 extra spins on 1st deposit, 25% match up to £800 + 25 extra spins on 2nd deposit, and 50% match up to £200 + 50 extra spins on 3rd deposit. Bonus funds are separate to Cash funds, and are subject to 40x wagering the total bonus, cash & extra spins. 18+ Please Gamble Responsibly. Click 'Claim Bonus' to view the full terms and conditions.

What we like

  • Combination of bonus funds and free spins
  • 30 days to use bonus funds

What we don't like

  • High wagering requirements
  • £20 minimum deposit

What is a £500 casino welcome bonus?

Perhaps more accurately described as a welcome bonus of up to £500, these deals are almost always offered matched deposit bonuses.  Casinos offer new players a percentage of their initial deposits up to the sum of £500. This payment may match your first deposit, or may be split over your first, second and third deposits.

Your £500 deposit match welcome bonus will be advertised with a percentage, which tells you how much you need to deposit in order to receive the bonus funds. You’ll find casinos offering 50%, 100% or even 200% matched deposits.

Let’s take a look at an example:

  • 50% matched bonus: deposit £1,000 to claim an extra £500 bonus
  • 100% matched bonus: deposit £500 to claim an extra £500 bonus
  • 200% matched bonus: deposit £250 to claim an extra £500 bonus

Pros and cons of £500 welcome bonuses

If you’re interested in claiming a £500 welcome bonus, then check out our pros and cons to find out whether it is the promotion for you.

Pros                                                                           

  • Let’s you try out new games and sites – a great thing about welcome bonuses, in general, is that you can use the extra funds to try out a new game or site. This allows you to work out a strategy, get a feel for the gameplay and work out whether a site is right for you. And with up to £500 extra at your disposal, you have more opportunities to find out all this information.
  • Large bonus amount – £500 welcome promotions are some of the largest bonus amounts you can claim at online casinos. This means you can potentially try out more titles and make larger wagers on your favourite games.
  • Different bonus types on offer – £500 welcome bonuses can come in a range of different formats. They can be claimed as part of a matched deposit offer, a no wagering promotion or even a no deposit bonus. It is more likely that a £500 welcome bonus will come as a matched deposit, however.

Cons                                                                        

  • Restrictive wagering requirements – £500 is certainly a large amount of cash, but these promotions will usually come with more restrictive terms and conditions. These can include higher wagering requirements, shorter time limits and a more limited number of available games.
  • Can often be divided into multiple amounts – these bonuses are rarely handed out to players in one lump sum. Instead, they are offered in several smaller amounts, each of which will come with its own terms and conditions.
  • Not offered by that many casinos – £500 welcome bonuses are rare bonuses to find at online casinos. As such, you may have to settle for smaller bonus amounts, such as £50 to £100.

Bonus Terms and Conditions

Every casino bonus comes with terms and conditions that could affect how you use the bonus. While the terms in the small print will vary between bonuses, these are some of the most common factors to be aware of:

Payment methods

Some casinos restrict e-wallet deposits, commonly Neteller and Skrill, from claiming bonuses, so it’s important that you check for these exclusions before you sign up to avoid any disappointment. The terms and conditions will highlight which payment methods (if any) are excluded from the bonus.

Minimum deposit amount

While the idea of a £500 casino bonus is fantastic, not all players can invest this much money into online gambling. However, given that these bonuses match deposits up to £500, you can usually deposit a much smaller amount, providing you meet the minimum deposit, and can get some bonus cash in return, which means these bonuses cater for all players’ budgets. Minimum deposits can vary between casinos, but £10 is a pretty standard limit. Let’s take a look at an example:

100% up to £500 first deposit welcome bonus. Min. deposit £10

  • Deposit £10 + £10 in bonus cash = £20 to play with
  • Deposit £250 + £250 in bonus cash = £500 to play with
  • Deposit £500 + £500 in bonus cash = £1,000 to play with
  • Deposit £1,000 + £500 in bonus cash = £1,500 to play with.As you can see, the bonus amount might be capped at £500, but you can deposit more if you want to.

Wagering requirements

Virtually all £500 welcome bonuses will be subject to wagering requirements. These requirements will vary between casinos and will determine how much you need to wager before your winnings are available for withdrawal. We’d recommend checking the terms and conditions for specifics of playthrough requirements so that you can pick the best bonus for you.

Here’s an example of how wagering requirements work:

‘100% up to £500 first deposit welcome bonus’
If you deposit the full £500 and your casino has a 30x wagering requirement, you’ll need to wager £15,000 (30x £500) before your winnings are available for withdrawal.
It’s also worth checking whether your initial deposit is also subject to the playthrough requirements as this could significantly increase how much you need to wager (30 x £1000 = £30,000).

Looking for a casino bonus without wagering requirements? Check out our list of the best no wagering casino bonuses.

Game weighting

This tells you how much playing a certain type of game contributes to clearing the bonus wagering requirement. Whereas wagers placed on most slot games usually count 100% towards the wagering, other games, such as roulette and blackjack, often have a reduced wagering or are excluded altogether.

Maximum bet limits

Online casinos will often cap the amount a player can wager in a single bet when playing with bonus funds and each casino will set their own limits.

Time restrictions

You’ll have a limited amount of time to meet any playthrough requirements before your bonus funds and any associated winnings expire. While some online casinos offer a 30 day expiry date for a bonus this big, different operators will have separate restrictions, so you should take time to check this.

Payment Methods at £500 Bonus Casinos

Casinos that offer £500 welcome bonuses will have an array of available payment methods. For general deposits, this list of banking options offers great convenience, but it’s likely that not all of them will be eligible to claim the welcome offer. Here’s a list of some of the most popular payment methods at UK casinos and what they offer. 

Debit Cards

It’s probable that you use a debit card in everyday life, so the idea of using this method at an online casino may very well appeal. Indeed, this ubiquity is the biggest strength of debit card payments — a casino won’t ever decline debit card deposits, and welcome bonuses will be eligible to claim via this method too. The one major downside is that withdrawals are notoriously slow compared to other options. However, if you’re a Visa debit card holder, you can now make use of Visa Fast Funds at participating casinos — a new payment system that shortens the withdrawal process to just 30 minutes in the best cases.

Pros:                                                                           

  • Accepted at all UK casino sites
  • Always eligible for welcome bonuses

Cons:                                                                           

  • Slow withdrawals in most instances

PayPal

PayPal is one prominent e-wallet option at UK casino sites, offering fast withdrawals, great security, and widespread availability. You’ll need to set up a free PayPal account to use this service, but once you do, deposits are incredibly quick and easy to make. There’s no need to share your bank details with the casino with this method, since transactions can be authorised by linked account information. One thing to bear in mind is that PayPal deposits won’t always be able to unlock that £500 welcome bonus. 

Pros:                                                                           

  • Fast withdrawals
  • Good availability

Cons:                                                                           

  • Not always eligible for welcome bonuses
  • Will need to create an account

Neteller

Another popular e-wallet option at UK casino sites, Neteller shares similar benefits and drawbacks with PayPal. This includes rapid deposits and withdrawals, excellent security, and decent availability. However, it’s unlikely that this method will be accepted when claiming the £500 casino bonus, and this is another option that demands the creation of an account. 

Pros:                                                                           

  • Fast withdrawals
  • Good availability

Cons:                                                                           

  • Almost always excluded from welcome bonuses
  • Will need to create an account

Skrill

Rounding off our e-wallet recommendations is Skrill. Again, the pros and cons of using this option are similar to what you’ll find with PayPal and Neteller — fast deposits and withdrawals, good availability, and top-notch security — but this method is regularly excluded from accessing welcome bonuses. 

Pros:                                                                           

  • Fast withdrawals
  • Good availability

Cons:                                                                           

  • Almost always excluded from welcome bonuses
  • Will need to create an account

Trustly

Trustly is a bank transfer system that directly connects the user’s bank account with that of the casino. It works on Open Banking technology, which means there’s no need to create an account and no need to share card details with the casino. On the downside, not all UK banks sign up for Trustly’s services, so it may not be available for you to use. You’ll also need to check your bank’s T&Cs before using this service, as there may be some fees involved.

Pros:                                                                           

  • Good availability
  • No need to create an account
  • Fast withdrawals

Cons:                                                                           

  • There may be some fees involved
  • Not always eligible for welcome bonuses

Casinos With High Maximum Stakes

£500 welcome bonuses are usually offered in the form of a matched deposit. This means that if you want to claim £500 in bonus funds, you’ll first have to front £500 of your own cash. Below is a table of casinos with high maximum stakes.

Claiming a £500 Matched Deposit Bonus

If you’d like to claim a £500 welcome bonus, here’s what you need to do. 

  1. Compare our list of the best £500 bonus casinos
    We’ve done all the hard work, so all you need to do is compare our list of the best £500 casino bonuses around, find the one that suits you best, and click through to the site. All of our recommendations are fully licensed, which means you can gamble with confidence. 
  2. Review the bonus terms and conditions
    It’s essential that you read the terms and conditions in full before you commit to a bonus — particularly one as large as £500. You’ll need to be aware of wagering requirements, time limits, payment exclusions, and other T&Cs in order to gain a full understanding of how the bonus works. 
  3. Create an account
    If you’re happy with the terms of the welcome bonus, sign up to the casino by providing some personal information. Before you can continue, your details will need to be verified by the casino, which usually involves submitting some form of ID — usually a passport or driver’s licence and a proof of address.
  4. Make a deposit and claim your bonus
    Once your account has been verified, you’ll be able to make your first deposit. Be sure to opt-in to the welcome offer and use a payment method that’s eligible for the bonus. Your bonus credit will appear shortly in your account, and you’ll be ready to find and play your favourite casino games. 

Should I Claim a £500 Welcome Bonus?

This depends on what you’re after. For high rollers with large budgets, these bonuses are a perfect match, since they provide the opportunity to double account funds at sizeable amounts. Most casino players aren’t at this liberty, so it’s worth asking if £500 welcome bonuses are right for you. 

For many players, casino bonuses are about prolonging gameplay and stretching funds as far as they can go. £500 bonuses offer flexibility in this respect — players can enjoy a doubling of funds no matter how much of the offer they decide to use, with half of the purse being provided by the casino. These bonuses therefore offer a good opportunity to familiarise oneself with a new casino environment. 

By contrast, if you’re the kind of player that values bonuses by their ability to provide an opportunity for returns, a £500 casino bonus might not be the best fit. The wagering requirements associated with an offer of this size are likely to be substantial, particularly if you’re using the bonus to its full capacity. 

Alternatives to £500 Welcome Bonuses

With any offer of this size, it’s the wagering requirements that often provide the biggest obstacle to those looking to convert the bonus into withdrawable cash. If you’d like to avoid this problem, it’s prudent to search instead for low and no wagering bonuses. 

As the name implies, these bonuses restrict the influence of wagering requirements. Standard wagering requirements are set at roughly 25x–40x the bonus, so anything less than that benchmark might be considered low wagering; of course, the lower the requirements, the better the bonus. 

And with no wagering bonuses, this requirement is removed altogether. Both low and no wagering bonuses are highly valued, but bear in mind they’ll be smaller than matched deposit amounts as a result. 

Claim £500 on Your Mobile

You’ll be happy to know that you can claim these £500 welcome bonuses when you play casino games on your mobile. Whether you play using the mobile casino website or download a mobile casino app, you can get your hands on this casino bonus credit. This is especially handy if want to enjoy some extra playtime on your favourite real money games without dipping into your real money wallet.

Grab £500 bonus funds at new casinos

Signing up to a brand new casino doesn’t mean missing out on top casino bonuses. These £500 matched deposit bonus deals are also available the UK’s newest casino sites in “July. When you play at brand new casinos, you’ll get to enjoy innovative features and a fresh design as well as your bonus funds.

Ready to claim your £500 casino welcome bonus?

Now that you understand what to look for in a £500 welcome bonus, you’re ready to claim your own. All that’s left to do is take a look at our list of the top-rated UK casinos, compare bonus offers, pick your favourite and sign up and deposit to start playing.

Grab £500 Bonus Funds at New Casinos

Signing up to a brand new casino doesn’t mean missing out on top casino bonuses. These £500 matched deposit bonus deals are also available the UK’s newest casino sites in “July. When you play at brand new casinos, you’ll get to enjoy innovative features and a fresh design as well as your bonus funds.

Frequently asked questions

  • No. While £500 welcome bonuses are reserved for new players creating a new account, the best casino sites do have regular offers and promotions for existing players. Exactly how you get your hands on these deals will vary between sites- while some offer rewards to VIP players, others hand out happy our free spins, for example.

  • Yes, but you will forfeit your bonus balance and any winnings in doing so. Each casino will have different rules for this, so it’s worth checking before you sign up.

  • Yes, at selected casino sites. Some casinos will include a batch of free spins in addition to the £500 welcome bonus as part of the welcome package. We’ll highlight any additional free spins in our list if they apply.

  • No. Plenty of other gambling sites offer new players the chance to earn bonus funds when they make their first deposit. This means that whether you want to play online bingo, bet on your favourite sports or play casino games online, you can get your hands on some pretty hefty bonus packages.

  • No. While you need to deposit to get your hands on a matched deposit bonus, some casinos offer no deposit bonuses to new players. These rewards are most often no deposit free spins, but you can claim no deposit casino credit at a handful of sites. Beware that, while you might not need to deposit to claim these bonuses, there are still terms and conditions to contend with.

Contributors

Noel contributes his expertise on all areas of gambling, putting together TopRatedCasinos.co.uk’s online casino tips and gameplay guides. He’s also a huge football fan and keeps a close eye on the English Premier League and Championship.

Danielle is a contributor at TopRatedCasinos.co.uk. She contributes to all things casino, from our ‘how to play’ guides to tips on finding the best sites for your favourite casino games. Danielle also has experience writing about sports betting, covering a diverse range of sports including rugby and Formula One.

Guy is a writer for TopRatedCasinos with a keen interest and expertise in the online gambling space. He’s also an avid fan of football and cricket, often found lamenting the fortunes of his beloved Tottenham Hotspur.

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