Starting today, June 20, 2022 the new Cashback Program on partypoker comes into effect.
Now, more than 50% of partypoker's players shall receive cashback - on a weekly basis!
As first announced in April, partypoker has plans to roll out their new Cashback Program to the dot com network this year. The target launch date has been set on Monday, June 20.
The current partypoker cashback program has been around for more than four years now and it was the only such scheme available from the major poker operators. Designed to reward players with an increasing rakeback percentage, it helped partypoker grow games and win market share from its competitors.
Now that other major operators have been offering their very own versions, partypoker decided to change its cashback to a new structure that will reward many more players than before.
Starting today, partypoker's Cashback Program sees around 20% of players receive cashback every week, meaning that 80% of players receive no weekly cashback rewards. That's the biggest single change the new cashback program brings.
From 20% to over 50% receiving weekly cashback
By re-designing the cashback program, partypoker shall vastly extend the percentage of players who will receive cashback each week. Now, over 50% of players are expected to get some weekly cashback rewards.
Today's cashback program specifies that a player has to generate approximately $25 in "rake" before they are eligible to earn cashback. That threshold is being lowered - to as low as $1.50. It's really that low!
Variable Points per $1 raked
The cashback program rewards 1 cashback point per $1 raked. This new scheme offers variable rates of points per $1, with fastforward poker generating up to 4 points per $1.
This new element means players of certain game types will earn points faster, than players of others. The full breakdown of what games generate what points will be published later this month.
New players shall be seeing a very generous 70% boost to their points as part of their welcome package. This means a new player will receive 6.8 points per $1 raked on fastforward (4 points boosted by 70%).
Of course, regular players will also get boosts, as there will be regular boost promotions. Players will receive boost resets every Monday, with their new weekly boost level applying for the whole week.
New Payout Table
The new payout table is designed to make sure that many more players receive weekly cashback, with the new minimum points threshold being just 10 points. At 10 points, players will receive $0.50 in cashback.
This means the new player, playing fastforward, will start to receive cashback from just $1.50 in rake. (4 points at 70% boost = 6.8 points per $1. $1.50 x 6.8 = 10.2 points)
This new payout will guarantee players earn up to 55% in weekly rakeback.
Why Change the Cashback Program?
partypoker wants to reward players of all levels, not just the "grinders".
While grinders are very important to the network, and will continue to get excellent levels of cashback, partypoker strives to ensure that leisure / casual / recreational players would also be able to earn cashback.
For far too long, casual online poker players have received very little in terms of regular rewards from any online poker room, and partypoker wants to change that.
partypoker Director Vadim Soloveychik said, "Our new cashback program aims to pay vastly more players than today, whilst also ensuring our loyal grinders are well catered for. By giving casual and leisure players more rewards, we believe that they will become more loyal customers, and help us deliver a more recreational focused poker network, which is good for all players."
All of this means that partypoker expects over 50% of players to receive some cashback each week!
What about the partypoker Diamond Club?
In line with the new cashback program, partypoker is launching a new "SPINS Diamond Club" - for high volume players of SPINS and SPINS Ultra. For more information and to apply, contact [email protected]
All of Entain's non-US poker brands and partners will, regulation permitting, feature the new cashback program. France and Spain are expected to go live with the new Cashback in autumn, with Italy launching its own version later this year.
The US Poker Brands will continue to offer their own loyalty programs rather than new cashback.