Best $5 Minimum Deposit Casino NZ for 2023

Table of Contents

• What Is a $5 Deposit Casino NZ and How Does it Work?
• How to Choose the Best $5 Minimum Deposit Casino NZ
• Pros and Cons of a $5 Deposit Casino
• Bonuses for $5 Minimum Deposit Casino NZ
  • Welcome Bonus for $5 Deposit Casinos
  • Free Spins for $5
  • No Minimum Deposit Offers
• Our Pick of the Moment: Deposit $5 and Get 100 Chances!
• Wagering Requirements and Other T&Cs for a $5 Deposit Casino Bonus
• Instant Withdrawals at $5 Deposit Casinos
• Why Are Low Minimum Deposit Casinos Popular
  • Testing Certain Games
  • Lower Deposit, Lower Risk
  • Trust
  • Disposable Income
• How Much Gameplay Can You Get for $5?
• Casinos Where You Can Play for Lower Than $5
• $5 Minimum Deposit Casino NZ FAQs

What Is a $5 Deposit Casino NZ and How Does it Work?

It’s pretty much as you’d expect. A $5 deposit casino is an online casino where $5 is the minimum amount you can spend to join in and unlock their opening offer. These sites offer the fun and games NZ players know and love, all with greater affordability.

The $5 casino is the next level after the lowest deposit casinos that accept $1. Where playing with 1 dollar will significantly limit your gameplay, 5 dollars will allow you 5 times as much fun while still being low-risk.

These sites also bring bonus surprises. A $5 minimum deposit casino NZ will allow low deposits for the chance to spin a wheel and win a reward or open a prize box to win. They may also offer deposit matches and free spins at the discretion of the operator. 

How to Choose the Best $5 Minimum Deposit Casino NZ

When faced with a choice of $5 deposit online casinos, it’s easy to get confused. Luckily, you have our list of top-rated sites and dedicated reviews to guide you. At the same time, here are some major points to consider:

• Safety – The best casinos must have at least one licensing certificate. Only regulated sites will guarantee security and fair play.
• Game Selection – The casino should have a variety of quality games, including slots, jackpots, table games, and live dealer options. It’s also important that they have the best software from providers like NetEnt, Pragmatic Play, Microgaming, Evolution, etc.
• Payments – There should be a diverse list of banking methods for deposits and withdrawals. These payment channels should accommodate the minimum deposit and enable fast payouts as well.
• 5 Dollar Bonuses – Sometimes casino rules may differ from bonus rules, so the deposit minimum is not always the bonus minimum. You’ll want to ensure that the 5 dollar casino you play at also allows $5 as the qualifying amount for bonus claiming.

Pros and Cons of a $5 Deposit Casino

Pros

• Great for new players: New gamblers can try a range of casinos for relatively low cost to see if they like them.
• Lots of free spins: Many of these sites offer ongoing free spins or free rewards to customers to encourage them to carry on playing
• Allows you to commit less and gain more: Frequent gamblers can join multiple sites for low cost and cherry-pick the best ongoing offers.
• Great quality at a bargain: Low-deposit casinos don’t offer an inferior product. You can still access great online casinos, games galore and ongoing promotions.

Cons

• Limited Availability: This category of casinos is only a fraction of the online sites that accept Kiwis.
• Small bonuses: Bonuses are often proportional to the deposit made. So 5 dollars will only net you a small reward.

Bonuses for $5 Minimum Deposit Casino NZ

Online casinos that offer big opening offers of matched deposits tend to have restrictions on the minimum amount you can deposit, normally $10 or $20. In other words, a 5 dollar deposit will usually not get you the biggest bonuses. That said, we’re not always after the largest offers but the most valuable ones. The good news is that $5 can indeed award you value offers at the online casino.

Welcome Bonus for $5 Deposit Casinos

The welcome bonus is the most exciting offer for new customers because it’s their first experience at the site. It’s also the casino’s way of attracting new players, so they are often quite juicy.

Low deposit welcome bonuses, however, are slightly different from those offered at regular casinos. They tend to follow a similar format with a chance to spin a lucky wheel or open a box to win a prize. A few will provide a match deposit bonus as well, like the 100% match where you can double down on your starting bankroll.

Free Spins for $5

Free spins are a typical bonus you can get for 5 dollars. Most times, the welcome bonus prizes you receive are precisely bonus spins. When you see a “Deposit $5 Get 20” welcome bonus, it most likely refers to 20 free spins.

You can use them to play the selected slots. At Jonny Jackpot, for instance, you get 100 free spins for NZ$5.

No Minimum Deposit Offers

The no deposit bonus is another great casino offer. Here, you receive the bonus reward without making any deposit. You can access the site, open an account and play for free.

They are often available as a sign-up bonus for new players. When you find these no deposit bonuses, you’ll be able to play casino games completely risk-free.

Our Pick of the Moment: Deposit $5 and Get 100 Chances!

Looking for a great deal at a glance? Our pick of the moment for $5 deposit casinos is Captain Cook’s Casino.

On your first deposit of just $5, you’ll receive 100 chances to win big on Mega Vault Millionaire. After that, there are also four matched deposit bonuses if you like what you’re seeing and want to put in some more cash!

Find out more in our full review of Captain Cook’s Casino.

Wagering Requirements and Other T&Cs for a $5 Deposit Casino Bonus

Almost every casino offer comes with wagering requirements. There are very few that don’t. One of the big players in the online casino world who take “no wagering” to the next level is Play Ojo. 

Their business model is quite a rarity because with it, what you win, you win! They tend not to have massive sign-up offers for this very reason, but they brand themselves as a “fair play” casino with no wagering requirements on the welcome bonus or any you might receive further down the line. 

For the most part, expect a wagering requirement when you sign up to a $5 deposit online casino NZ. Wagering requirements vary massively. The average for the industry is circa 40x the bonus. This means with a $10 bonus, you have to wager $400 before you can request a withdrawal.

There are also offers as low as 25x and as high as 200x. Beware that we don’t advise you to play at sites with enormous wagering requirements, and we don’t recommend them either. Those are almost always impossible to complete, and you end up gaining no value from the bonus. The lower the playthrough, the better.

Besides wagering, here are some other terms and conditions to note:

Minimum Deposit – This is the smallest amount you can deposit to claim the bonus. Some casinos cap this at $5, others at $10 or $20. Note that this will not apply for a no deposit offer.

Max Win – If you were to hit a jackpot on a lucky bonus spin, chances are you won’t be able to claim the full amount. This is because casinos apply a max win limit on bonus winnings. This is especially so for free spins. Most casinos will only pay you up to a maximum of $100 in free spins winnings. However, sites like Rainbow Spins will have more complicated max win rules, so make sure to read the fine print before you play.

Validity Period/Time Limit – It’d be great if bonuses could last forever, but they don’t. The time limit refers to how long the bonus is valid for. This may include the time to activate the offer and complete the wagering requirements. We always advise that you put your bonus to use as soon as you receive it to avoid going over the expiry date.

Game Contribution – Not all games are created equally. The percentage wagering can differ, and some games don’t count towards wagering requirements at all. For context, here’s an extract from the game contribution table at Spin Casino:

• Slots (except NetEnt games and progressives) – 100%
• NetEnt Slot Games – 50%
• Table Poker, Roulette – 8%
• Baccarat, craps, Red Dog, Sic Bo, Progressive Jackpots – 0%

Instant Withdrawals at $5 Deposit Casinos

We live in an instant world. Instant access to information. Instant ability to see what your mates are up to online and when you’re paying bills, businesses expect instant payment. So why should getting your money out of a casino be any different? And is it any different with a $5 deposit online casino NZ?

There is, of course, a big difference between casinos when it comes to the speed of payments. eWallets tend to be faster than traditional banking, but even then, not all casinos process them quickly.

Some payment channels that are consistently available for New Zealand players are:

• Skrill
• Neteller
• PayPal
• Paysafecard
• Trustly
• POLi

If getting your money out quickly is one of your key motivations for joining, then check out our payment method guide.

Withdrawal limits are another key point regarding online casino payment methods. We’re not talking about the limits for bonus winnings but how much you can withdraw as regular payouts. Just like payment speed, withdrawal limits vary a lot with online casinos. Most reserve the right to pay you in instalments if you win huge. But daily withdrawal amounts can vary between a maximum daily withdrawal of $4,000 for Euro Palace and a maximum weekly payout at Gaming Club of $4,000.

Minimum withdrawals vary between $10 and $50. However, they can sometimes go much higher, especially when withdrawing via wire transfer or if you’re using cryptocurrency. Payment providers also have their own transaction limits, which may affect how much you can transfer.

Why Are Low Minimum Deposit Casinos Popular

It’s no news that low deposit casinos are in huge demand by players in New Zealand. If you’ve made your way to this page, you’re probably one of the growing numbers of players looking for a more affordable way to gamble. It’s worth noting that operators are growing fond of these sites as well. Many sites like Jackpot City will often offer a separate low deposit reward different from the regular welcome bonus to cater to this market.

Here are four major reasons for the popularity of low deposit casinos:

Testing Certain Games

There may be a new game being advertised by a casino or just a game that you haven’t played before, and you want to test the waters. Using a casino that offers a low minimum deposit allows you to deposit from as little as $1, so you can try it out before you decide on increasing your deposit if you enjoy a certain game. It allows you to test a game for a very low deposit.

Lower Deposit, Lower Risk

Obviously, all casinos are tipped in favour of the house. That’s just how they operate and why they are so profitable. But using a site with a lower minimum deposit allows you to play at lower stakes which ultimately means you are losing less. A site that offers a minimum deposit of $20 would probably entice you to stake at a higher increment as opposed to a lower stake with a $1 or $5 minimum deposit.

Trust

This is a big thing for online gamblers – being able to trust who you are gambling with. As you know with gambling, especially casinos with card and slot games, there is an incredibly high amount of luck involved. Being able to trust the results that you are seeing is massive. It’s not nice seeing your balance getting drained spin after spin, but lower minimum deposit sites allow you to build up that trust level between you and the casino.

Disposable Income

It goes without saying there are differences in lifestyle from person to person. How much they earn, how much they save, how much they spend etc. Someone who earns less and enjoys gambling is much more likely to look for a casino with a low minimum deposit than someone who earns a high amount and can afford to spend more. These lower minimum deposit casinos allow for these lifestyle differences, and people with lower disposable income can deposit lower amounts instead of spending $20 just to deposit.

How Much Gameplay Can You Get for $5?

Obviously, this will vary depending on what casino site you are using, but you’d be surprised how far $5 will take you. For example, if you are playing with $5 at 1 cent stakes, then this works out at 500 spins before you run out of money. That’s not taking into account any potential winning spins you may get.

Now the average person spins once every 5-10 seconds. For this example, let’s say you are spinning every five seconds on a 1 cent stake. It would take just over 40 minutes to play through 500 spins without winning or hitting a bonus. So it is possible to play for a long time on low stakes.

Naturally, your winnings will be smaller if you are only staking 1 cent but some people can only afford to play with $5, so why not maximise the amount of time you want to play and enjoy casino games? There are several casino games out there that allow you to stake 1 cent per spin. You’ll mostly find them as online slots, though.

As mentioned earlier, some casino sites offer matched bonuses for $5 deposits. With a 100% deposit bonus, you would get a $5 bonus on top of the $5 you have deposited, so you would have $10 to play with. Accepting the deposit bonus will mean you need to wager a specific amount before being able to withdraw, but it does give you double the money to enjoy the games you want to play.

You can play at double the stake for the same amount of time or at the same stake for double the time – it is entirely up to you. Don’t forget to read the terms and conditions when accepting bonuses, as they may have certain wagering requirements before you can withdraw.

Casinos Where You Can Play for Lower Than $5

It’s not likely that 5 dollars will be much of a burden on your bankroll. However, if you’d like to go even lower, there are several $1 deposit casinos that you can try. All Slots Casino and Ruby Fortune Casino are some of the best casinos with the lowest minimum deposits.

Sites like 22Bet Casino offer a 100% first deposit bonus from as little as $2. 

Here are other types of no deposit casinos you might like:

• No Deposit Casinos 
• Pokies No Deposit Casinos 
• Free Spins No Deposit Casinos 
• $1 Deposit Casinos
• $10 Deposit Casinos

If you’re not looking for a no or low deposit opening offer, even better. You can check out or top 50 NZ casino reviews for a full round down on the best casinos in New Zealand.

$5 Minimum Deposit Casino NZ FAQs