$5 Dollar Minimum Deposit

Alicia Butler
Written by:
Alicia Butler
Andrew McDermott
Fact checked by:
Andrew McDermott
🗓
Updated:
April 15th 2024
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As they’re looking to attract new customers, many online casinos offer low minimum deposits, sometimes as low as $5. Whether you’re in a state with legal real-money casinos like Michigan, New Jersey, Pennsylvania, or West Virginia or a state with sweepstakes casinos, there’s an option with a low minimum deposit.

In addition, these sites offer players many payment options to make it easier to deposit or purchase.

$5 Minimum Deposit Casinos

If you’re playing at real money casinos, a few have $5 minimum deposits, while some have a $10 minimum. In addition, many of the best real money casinos offer new players a no-deposit bonus, allowing them to play without spending money.

Meanwhile, if you’re in one of over forty states with sweepstakes casinos, you don’t have to make a purchase to play. But if you don’t want to wait for a daily bonus or participate in promotional events to get more coins, you can buy Gold Coin offers for $5 or lower.

Read further to find out which casinos have a $5 minimum deposit. We’ll also go over tips for using your deposit and other valuable information you need to know before you make your deposit or purchase.

Online Casinos with $5 Minimum Deposit

DraftKings Casino is the only real money casino that offers a $5 minimum deposit. PointsBet Casino also has a $5 minimum deposit, but as Fanatics recently purchased the site, it faces an uncertain future or rebrand. That means the minimum deposit might increase.

Meanwhile, if you’re in a state with no real money casinos, you can play at sweepstakes casinos without making a purchase. You cannot use cash; instead, you use two coins: Gold Coins (GC) and Sweepstakes Coins (SC).

Gold Coins have no value and are used to play for fun while playing with Sweepstakes Coins allows you to redeem winnings for cash prizes. You can purchase additional Gold Coins, but not Sweepstakes Coins. The latter is earned in various ways, including as part of Gold Coin offers.

If you want to purchase additional Gold Coins, offers usually start at $5 or lower.

DraftKings Casino

DraftKings Casino is the only real money casino with a low $5 minimum deposit. The site is available in NJ, MI, PA, WV, and CT and offers over 1,000 games, including slots, table games, live dealer, and more.

Minimum $5 payment methods include:

  • Visa and Mastercard (debit or credit)

  • ACH (bank transfer)

  • PayPal and Venmo

  • Apple Pay

  • DraftKings+ prepaid card

  • Paynearme

  • Retail - casino cashier cage

The minimum withdrawal is as low as $1 for some methods, while the maximum varies from $25,000 to $100,000. Most payment methods are also available for withdrawals, except credit cards.

McLuck Casino

McLuck is a sweepstakes casino, which means you don’t have to make a deposit to play. However, if you want to buy additional Gold Coins, offers start as low as $1.99 (however, that does not include Free Sweepstakes Coins.)

For $4.99, you can buy 10,000 Gold Coins and receive 5 Free Sweepstakes Coins. You can purchase with either Visa or Mastercard, while redemptions are available via online banking or an eGift Card.

You’ll also receive 2 free sweeps coins on sign-u[ with the McLuck no-deposit bonus.

Each SC is equal to $1. The minimum redemption is 75 SC for cash prizes and 10 SC for gift cards. To be able to redeem, you must play your Sweepstakes Coins at least once.

Best $5 Minimum Deposit Casinos

The best casinos also offer low or no minimum deposits. For most real money casinos, that is $10, while if you want to make a purchase at sweepstakes casinos, the minimum is often $5 or below. See below for the best low-deposit casinos.

FanDuel Casino

FanDuel Casino is available in NJ, MI, PA, and WV. The minimum deposit at FanDuel Casino is $10. Your deposit options include:

  • Credit or debit cards

  • Online bank transfer (via Trustly)

  • Apple Pay, Venmo, and Paypal

  • Gift cards

  • Cash at casino cage

  • Paynearme

Withdrawal methods are almost the same, except for credit cards. Often, your withdrawal method must match your deposit method. The minimum withdrawal is $15, while the maximum is $10,000.

Caesars Palace Casino

Caesars Casino rebranded to the Caesars Palace Online Casino in August and has been improving the site since, including payment options. The site is available in NJ, MI, PA, and WV; the minimum deposit is $10.

Deposit options include:

  • Visa and Mastercard

  • Online banking via Trustly

  • PayPal

  • Play+ Card

  • Cash at casino cage

Additional deposit methods, like Skrill and Discover, are available depending on your state. Meanwhile, for withdrawals, you have optional like online banking, ACH, PayPal, Play+ card, or cash at casino cage.

There’s no minimum for withdrawals, while the maximum ranges from $5,000 to $10,000, depending on the withdrawal method.

BetMGM Casino

BetMGM Casino is one of the leaders in iGaming and one of the sites with the most games. The casino is available in MI, NJ, PA, and WV. The minimum deposit is $10, and deposit methods include:

  • Credit or Debit Cards

  • Online Banking

  • PayPal

  • Play+ card

  • Cash at Casino cage

  • Paynearme

  • Wire transfer

Minimum withdrawals are $10, while the maximum is up to $100,000. Available withdrawal methods include online banking, Paypal, Play+ card, Skrill, and check by mail.

Stardust Casino

Formerly known as Pala Casino, Stardust Casino is available in NJ and PA. The minimum deposit is $10, and payment options include:

  • Credit/debit cards

  • Online banking or wire transfer

  • Wire transfer

  • Paypal

  • Play+ card

  • Paynearme

  • Cash at casino cage

The minimum withdrawal is $10, and withdrawal options include:

  • Online banking or wire transfer

  • Play+

  • Paypal

  • Cash at casino cage

  • Echeck

BetRivers Casino

BetRivers is another casino with a minimum deposit of $10. The site is available in MI, NJ, and PA, and deposit methods include:

  • Credit/debit card

  • Online banking

  • Play+ card

  • VIP Preferred

  • Paypal (not available in MI)

  • Cash at casino cage (not available in MI)

  • Prepaid Vanilla cash card (not available in MI)

The minimum withdrawal is $10, while the maximum is $25,000. Withdrawal methods include:

  • Online banking

  • Play+ card

  • VIP Preferred

  • Paypal

  • Cash at casino cage (not available in MI)

  • Check by mail (only in PA)

High 5 Casino

High 5 Casino is a sweepstakes casino, meaning you can play for free. However, if you wish to buy additional coins after using your High 5 Casino no-deposit bonus, offers start at $2, for which you get 20 Gold Coins and 2 Free Sweepstakes Coins.

You can make purchases with several payment methods, including:

  • Credit card: Visa, Mastercard, AMEX

  • Paypal

  • Skrill

  • Online banking via Trustly

Redemption options include online bank transfer (via Trustly), PayPal, Skrill, or a gift card. To redeem Sweepstakes Coins, you must play them through at least once. The minimum redemption for cash prizes is 100 SC (equivalent to $100). For gift cards, the minimum redemption is 50 SC.

Zula Casino

Zula Casino is one of the newest sweepstakes casinos and has low purchase minimums. New players can claim a first purchase bonus of 10,000 Gold Coins and 5 Free Sweepstakes Coins for $0.99. Meanwhile, regularly-priced Gold Coin offers that include Free Sweepstakes Coins start at $4.99

For purchases, Zula accepts Visa, Mastercard, Discover, and Skrill. You can redeem Sweepstakes Coins for cash prizes via online banking or Skrill.

Before redeeming, you must play through Sweepstakes Coins at least once and meet the minimum redemption of 50 SC, which is equivalent to $50.

Funrize Casino

Funrize Casino is a sweepstakes casino, so you don’t need to purchase to play. But if you want to make a purchase, the site offers Tournament Coins (same as Gold Coins) that also come with Free Promotional Entries (equivalent to Sweepstakes Coins) for as low as $4.99.

You can use Visa, Mastercard, Discover, or online banking (via Trustly) to make purchases. For redemptions, you can choose online banking or an eGift Card. Promotional Entries are redeemable for cash prizes at a ratio of 1:1. The minimum redemption is 25 Promotional Entries for a gift card and 100 Promotional Entries for a cash prize.

Wow Vegas Casino

While it’s free to play, sweepstake casino WOW Vegas offers players WOW Coins (same as Gold Coins) offers, which come with Free Sweepstakes Coins for as low as $2.49. You get 250,000 Wow Coins and 5 Free Sweepstakes Coins for that price.

To buy additional coins, you can use:

  • Apple pay

  • Visa, Mastercard, AMEX

  • Skrill

  • Trustly (online banking)

Each sweepstakes coin is redeemable for $1, and the minimum redemption is 100 SC (you must play each SC once). Your redemption options include Trustly and Skrill.

Fortune Coins Casino

As it’s also a sweepstakes casino, you don’t need to spend any money to play at and claim the Fortune Coins Casino no-deposit bonus. However, if you want to buy more coins, several options exist.

With the lowest offer, you can buy 2 million Gold Coins and get 1,000 Free Fortune Coins (same as Sweepstakes Coins) for $2.99. Your payment options include:

  • Visa or Mastercard

  • Skrill

  • Trustly

  • Paysafecard

You must play through Fortune Coins at least once, and the minimum redemption is 5,000 FC (redeemable for $50). Your redemption options include Trustly, Skrill, and Paysafecard.

How to Choose the Best $5 Minimum Deposit Casinos

Every player has different priorities and preferences, and with so many choices, it could be hard to pick a casino. If you’re unsure what to look for, read below to find some common factors to help you decide.

Payment Options

One of the most important things when you look for a low-deposit casino is the payment options. Real-money casinos usually have more options than sweepstakes casinos. However, that doesn’t mean making purchases at sweepstakes casinos is difficult, as most accept major credit or debit cards or bank transfers.

If you would like to use a particular payment option, check if it’s accepted at the casino of your choice.

Withdrawal Limits and Time

Withdrawal limits or minimum redemption also vary between casinos. At real-money casinos, there’s often a minimum of around $10. At the same time, at sweepstakes casinos, the minimum redemption varies between 50 SC and 100 SC. The difference of 50 SC could be a significant factor for some players.

Another thing to look at is the withdrawal or redemption processing time. Methods like Play+ card or cash at casino cage at real money casinos tend to process much faster. Meanwhile, Skrill payments often take less time than bank transfers at sweepstakes casinos.

Available Promotions

Online casino promotions are another critical factor for some players. A casino might let you make a smaller deposit but not have similar promotions to some competitors.

Also, what’s important to you might help you decide which casino to choose. Some casinos give you free spins if you meet specific criteria for your deposit ( FanDuel provides you with 50 free spins with a $10 deposit). Others offer a deposit match bonus, which could be 100% or even 200%

Game Selection

Why make a deposit when you can’t play your favorite game? The game availability is an essential factor for many players. Does the casino offer table games, or does it have jackpot slots? If you like a particular game or genre, check the casino’s site before you make a deposit.

App Experience

More and more users are playing on their mobile devices. That’s why it could be crucial to them if the casino has an app or how it performs via a mobile browser.

Most real money casinos have a dedicated app, while most sweepstakes casino apps are somewhat of a rarity – most will let you play via mobile web. The mobile experience at some sites is not the same as the desktop version. There are instances where not all titles are available on mobile, they load slowly, or there are glitches.

The Best Way to Maximize Your $5 Minimum Deposit

Once you choose a casino and are ready to make a deposit or a purchase, you must use your funds wisely to improve your chances and play longer. Here are a couple to tips to maximize your deposit:

Pick Games With Low Stakes

One of the worst ways to burn through your deposit is to play a game with high stakes. To maximize your deposit, look for low-stakes games like penny slots. Many slots will let you play as little as $0.05 or $0.10 (0.05 SC or 0.10 SC at sweepstakes casinos).

Usually, table games have higher minimum stakes, so stay away from them unless you find one with low stakes similar to slots. An example is Stake Originals table games at Stake.us, which allow as little as 0.01 SC per play.

Find Games with Higher Odds

Improve your chances of winning and stretch your deposit by playing games with higher odds. One way to find them is by the return to player (RTP). The RTP tells you how much the game pays you back on average. We suggest finding games with at least 97% RTP.

Examples include Bloodsuckers (98%)  at real money casinos or Marching Legions (98.12%) at sweepstakes casinos.

Also, the slot’s volatility could help your odds. The volatility means how often winnings are triggered and their size. Low volatility means small frequent wins, while high volatile games pay bigger winnings but less frequently.

Try finding a low volatility slot with a relatively high RTP. Examples include Starburst (96.1%) and Epic Joker (97%). Both games are available at many real-money and sweepstakes casinos.

Claim Available Bonuses

If you want to use your deposit to earn a bonus, look for a bonus that will give you the best return. Some of the best offers include a no-deposit bonus or a free spins bonus, which require a $0 deposit.

Other ways to maximize your deposit are deposit-match bonuses or similar offers. For example, DraftKings Casino will give you $100 in bonus money for your $5 deposit.

Wagering Requirements

While some casinos require a lower deposit or some bonuses look better than others, the wagering requirement is an important factor to consider. That’s how many times you must play your deposit or bonus money before it’s eligible to withdraw or redeem.

Many sweepstakes casino no deposit bonuses have a 1x requirement, while bonus funds at real-money casinos have much higher requirements, often up to 25x to 50x.

Also, the type of game you play matters at real money casinos. Slots usually have smaller wagering requirements than table games or other games. Sweepstakes casinos typically have the same requirements for all games.

Play Responsible

Whether you want to make a $5 or $1,000 deposit, you should always play responsibly and set a budget. Before you play, always decide when to walk away if things don’t go your way.

One of the most important things is to avoid playing with the idea of winning. Instead, have some fun, and if you win, that’s a bonus.

Best Payment Methods For $5 Minimum Deposits

Not every casino offers the same payment method, and not all methods are the same. Usually, deposits or purchases are instant, but withdrawals or redemptions vary based on the method.

ACH (Online Bank Transfer)

ACH (Automated Clearing House), or an online bank transfer, is a common and recommended payment and withdrawal/redemption method. It lets you transfer funds directly between your checking account and the casino.

Online bank transfers are one of the most secure and reliable payment options. However, they’re not the quickest, so if you want your money fast, you might want to use another method.

Debit/Credit Cards

Credit or debit cards are also accepted at almost every real-money and sweepstakes casino. We recommend debit over credit as it’s essentially a bank transfer. Also, there could be fees for credit, such as cash advances. Credit cards are also not accepted as a withdrawal or redemption method.

Skrill

Skrill is a digital wallet and a common way to redeem and purchase at sweepstakes casinos. One of the biggest advantages is that it processes redemptions or withdrawals faster than bank transfers.

At the same time, fees are involved, so your deposit might cost you more while your redemptions are lower.

PayPal

PayPal is another digital wallet that is more popular at real-money casinos. Like Skrill, the advantages of using PayPal include secure and faster processing, but the most significant disadvantage is the processing fees.

Most online casinos will accept PayPal, but you can check here for our complete list of PayPal online casinos.

Play+

Available at real-money casinos, PlayPlus (Play+) cards are prepaid cards branded for a specific casino. They’re similar to debit cards but provide the fastest processing time as they’re connected to a casino.

Often, when you use a Play+ card, your withdrawal is instant, making it a popular option. The downside is that there are fees to send the money to your bank account or to withdraw from an ATM.

Welcome Bonuses For $5 Minimum Deposit Casinos

Welcome bonuses are among the best ways to use your $5 deposit. These promotions at online casinos are reserved for new players and offer the most for your money. See below for common offers.

Deposit Match

The deposit match bonus is among real-money casinos' most common welcome offers. The casino will match your first bonus and award you that in bonus money.

 If you plan to make another deposit in the near future, it’s better to make a larger first deposit if you want to use this offer. That way, you get more back in the form of bonus money.

One downside of this offer is that it often carries high wagering requirements.

No-Deposit Offer

Arguably the best welcome bonus, an online casino no deposit bonus (no-purchase at sweepstakes casinos) awards you bonus funds just for signing up and creating an account.

Often, the bonus amount is much lower than a deposit match bonus, but it’s free money, and it’s one of the best ways to try a new casino or new games without risking your money.

Free Spins

Free Spins bonuses are also a great welcome offer. Often, they require a small deposit (like $10 at FanDuel), and they’re limited to specific games. Regardless, this bonus is an excellent way to extend your play without risking additional money.

Play-it-again/Get Losses Back

Some real-money casinos (e.g., BetRivers Casino) offer to reimburse your losses on your first deposit. The money back will be in the form of bonus funds and often have a time restriction.

First Purchase 

You will find these offers at sweepstakes casinos, where you don’t have to pay anything to play. However, if you want to buy additional coins, they offer a discount on your first purchase.

That discount is often 50% or more from the regular price, and it’s an excellent way to get more coins if you don’t want to wait on daily bonuses or other promotions.

Why Do Casinos Allow $5 Minimum Deposits?

There are a few reasons why real money online casinos allow $5 minimum deposits, including:

  • Competition: Each casino wants to beat its competitors and attract new players. One of the ways to do that is by offering lower deposit minimums.

  • Game selection: Online casinos have many low-stakes games, allowing players to play longer and hopefully turn them into loyal customers.

  • Lower costs: Online casinos don’t have costs associated with retail casinos like rent, utilities, casino floor staff salaries, or other overhead costs. That allows them to give some of those savings back to players.

Choose More Than One $5 Minimum Deposit Casino

One of the best strategies to improve your chances of winning and extend your playing time is to pick multiple low-deposit casinos. That way, you can use numerous bonus offers like deposit match or free spins.

If you’re in a state with sweepstakes casinos, signing up for multiple casinos will let you play for free longer. Each sweepstakes casino also usually offers a discounted first purchase bonus, so you can make a small purchase and receive more coins.

Alicia Butler
Topic Expert
Alicia Butler

Alicia is OddsSeeker's Lead Editor & Fact Checker! She's been reviewing online casinos, sportsbooks, and other gaming since 2021, but has well over a decade of experience writing and editing for some of the largest online magazines and brands since 2011! Over her career, Alicia has worked as a travel and entertainment writer & editor contributing to widely read digital publications such as The Spruce, The Balance and The Spruce Pets, VeryWell, and TripSavvy. Alicia makes sure our readers can trust every word - holding both our team & our gaming operator partners to the highest standard to ensure that our readers always have the best possible experiences playing gaming online! Beyond OddsSeeker, Alicia is a marketing expert, entrepreneur, and avid traveler based in Connecticut!

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