The closest match to a 200% deposit bonus is a four-step welcome package
The main new-player offer is worth up to 375% in total, with a maximum of $5,625 AUD and 200 free spins spread across four deposits. Rather than applying one percentage to a single deposit, each step has its own percentage, cap, promo code and free-spin amount. That makes it useful to think of the package as four separate bonuses rather than one large match.
| Step | Offer | Free spins | Code |
|---|---|---|---|
| 1 | 100% up to $1,500 AUD | 50 FS | AXE1 |
| 2 | 100% up to $1,125 AUD | 100 FS | AXE2 |
| 3 | 75% up to $1,500 AUD | 50 FS | AXE3 |
| 4 | 100% up to $1,500 AUD | None stated | AXE4 |
The minimum deposit for each welcome step is $30 AUD. A simple example is a $100 deposit on Step 1: the 100% match adds a $100 bonus, giving you $200 in deposit and bonus funds before wagering. The maximum bonus is reached only when the percentage and the step's cap allow it. For example, a 100% offer on a $1,500 deposit reaches the $1,500 cap, while a smaller deposit receives a matching amount.
The 200% search term versus the current package
A standalone 200% deposit offer is not among the current promotions listed here. The nearest available value comes from the four-deposit welcome package, where the first two steps each provide a 100% match.
Choose the welcome step
Decide which deposit in the four-step package you are using and check its percentage, cap and free-spin amount.
Make at least the minimum deposit
Deposit $30 AUD or more for the selected welcome step.
Enter the matching code
Use AXE1, AXE2, AXE3 or AXE4 for the relevant step. The code should match the deposit you are claiming.
Check the bonus balance and expiry
The welcome bonus is valid for 7 days. Free spins from the first three steps are played on Wild Cash and Big Atlantis Frenzy by BGaming.
Ready to use the closest current offer?
Start with the welcome step that suits your deposit and keep the matching promo code handy before you fund the account.
Wagering on the deposit bonus: the 45× rule in plain English
Every welcome step carries 45× wagering on the combined deposit and bonus. Using the earlier $100 deposit and $100 bonus example, the calculation is $200 × 45, which means $9,000 must be wagered before the bonus conditions are complete. That is turnover, not a required loss: bets count towards the target according to the game's contribution rate.
| Game type | Contribution |
|---|---|
| Pokies and slots | 100% |
| Roulette, card games, poker, video poker and craps | 5% |
| Jackpot games and crash games | 0% |
| Some slots | Excluded from wagering contribution |
A $100 eligible slot bet counts as $100 towards the wagering target. A $100 bet on a game contributing 5% counts as $5, while a $100 bet on a jackpot or crash game counts as nothing. The practical approach is to check the contribution attached to a game before relying on it to clear the requirement.
The $8 per-spin limit applies while the bonus is active
The maximum bet during an active welcome bonus is $8 AUD per spin. The welcome offer also has a 7-day validity period, so both the bet limit and the time window matter while you are working through the terms.
Use the correct promo code for the selected welcome step.
Keep each spin at or below $8 AUD while the bonus is active.
Prioritise games that contribute 100% if you want your eligible turnover to count fully.
Remember that some slots are excluded, and jackpot and crash games contribute 0%.
Complete the 45× requirement within the 7-day validity period.
Welcome free spins have their own ceiling: winnings from those spins are capped at $750 AUD. The free spins are attached to Wild Cash and Big Atlantis Frenzy by BGaming, and the related wagering rule is 45× on deposit plus bonus.
Other deposit promotions when the welcome package is not the right fit
Axe Casino also lists regular deposit promotions. These can suit returning players who want a smaller, scheduled offer rather than another welcome step. The Tuesday and Thursday promotions have named codes, while the weekend and daily offers are described by their promotion names.
| Promotion | Reward | Minimum deposit | Key terms |
|---|---|---|---|
| Tuesday Reload | 45% up to $750 AUD | $30 AUD | 45× deposit + bonus; 7 days; code TUESDAY; Tuesdays only |
| Thursday Combo | 75% up to $750 AUD + 25 FS | $30 AUD | 45× wagering; 7 days; code THURSDAY; Thursdays only |
| Daily Bonus | 25 FS today + 25 FS tomorrow | $100 AUD | Free-spin promotion |
| Weekend Bonus | 70% up to $750 AUD | Not stated | Available Friday to Sunday |
| Weekend with FS | 75% up to $750 AUD + 25 FS | Not stated | Available Friday to Sunday |
The Tuesday Reload and Thursday Combo are the clearest options when you want a code-based reload. For example, a $30 Tuesday deposit is enough to meet the listed minimum, while a Thursday deposit of the same amount can qualify for the 75% match and 25 free spins. The exact bonus amount still depends on the percentage and the cap.
There is also a High Roller Package worth 500% up to $9,750 AUD plus 300 free spins across four bonuses. It requires a minimum deposit of $380 AUD and uses 45× wagering on the bonus. Its four codes are AXEHR1, AXEHR2, AXEHR3 and AXEHR4, with individual steps ranging from 100% up to $2,250 AUD to 150% up to $2,250 AUD.
- High Roller Step 1: 125% up to $3,750 AUD + 75 FS, code AXEHR1.
- High Roller Step 2: 125% up to $1,500 AUD + 75 FS, code AXEHR2.
- High Roller Step 3: 100% up to $2,250 AUD + 75 FS, code AXEHR3.
- High Roller Step 4: 150% up to $2,250 AUD + 75 FS, code AXEHR4.
Pick one offer before depositing
Promotional codes are tied to specific bonuses. Decide whether you want the welcome step, a scheduled reload or the High Roller package before entering a code, then check the minimum deposit and wagering terms that go with it.
Cashout limits, expiry and the practical rules to remember
The welcome bonus has a maximum cashout of 5× the deposit. For a $100 deposit, that means the welcome-bonus cashout limit is $500. Free-spin winnings have a separate $750 AUD cap. Deposit bonuses also have a maximum cashout of A$7,500.
| Rule | Amount or period |
|---|---|
| Welcome wagering | 45× deposit + bonus |
| Maximum bet while welcome bonus is active | $8 AUD per spin |
| Welcome validity | 7 days |
| Welcome maximum cashout | 5× the deposit |
| Welcome free-spin winnings cap | $750 AUD |
| Deposit-bonus maximum cashout | A$7,500 |
Bonus wagering must be completed before a withdrawal can be made. Once a withdrawal is approved, processing is within 72 hours. Bank withdrawals take 3-5 days, while crypto withdrawals are processed fastest. First withdrawals may involve account verification and document checks before funds are approved.
The standard withdrawal limits are $2,500 USD or EUR per day, $7,500 USD or EUR per week and $15,000 USD or EUR per month. VIP players qualify for higher payout limits. The cashier shows the available limit for the selected method, and the currency used for the limit matters when you are playing in AUD.
Work out the wagering target
Add your deposit and bonus, then multiply the combined amount by 45 for the welcome offer.
Check each bet
Keep spins at $8 AUD or less and use games whose contribution rate supports your target.
Finish before the deadline
The welcome offer expires after 7 days, so complete the requirement within that period.
Request the withdrawal
After wagering is complete, submit the withdrawal and allow time for approval, verification where required and the payment method's processing period.
Keep the terms beside you while you play
The percentage is only one part of a deposit bonus. Check the code, minimum deposit, wagering calculation, bet limit, expiry and cashout cap before you start.
VIP rewards continue after the deposit promotions
The Axe Casino VIP Club has nine levels, from Level 0 Flotr to Level 8 Drakkar. Players earn 1 comp point for every $30 USD or EUR wagered on pokies and slots. The first levels provide free-spin rewards, while cashback begins at Level 4.
| Level | Name | Reward or cashback |
|---|---|---|
| 1 | Fairing | 100 FS at 45× wagering |
| 2 | Busse | 200 FS at 40× wagering |
| 3 | Ferje | 300 FS at 35× wagering |
| 4 | Snekke | 2% cashback |
| 8 | Drakkar | 15% cashback |
Cashback is calculated from real-money spend during the week and credited every Monday. It is capped at $2,000 USD or EUR for all VIP levels. Higher levels can also include priority withdrawal handling, higher payout limits, a personal account manager, private VIP tournaments and promotions.
For Australian players, the broader casino supports AUD alongside USD, EUR, NZD and other currencies. The games library contains more than 5,900 titles from 115+ providers, including pokies, live casino, jackpots, instant wins, crash games and table games. Gambling is entertainment with real financial risk, so set a budget before depositing and only play if you are 18 or older.
