25 Free Spins No Deposit Australia 2026: What You Actually Get, What It Costs, and Which Operators Are Worth the Click

Twenty-five free spins is not a bankroll. It is a lead-generation tool with a pokies skin. That does not make the offer useless — it makes it worth understanding before you hand over an email address, a date of birth, and a slice of your attention. In 2026, the Australian-facing no-deposit market is crowded, largely offshore, and priced with the kind of precision that would make a sportsbook trader nod approvingly. This guide does the maths, names the brands that actually run the offer, and explains why the licence in the footer matters more than the spin count in the headline.

What 25 Free Spins No Deposit Actually Means in 2026

A 25 free spins no deposit bonus gives you twenty-five spins on a nominated pokie without requiring a first payment. The spins carry a fixed value — most commonly AUD 0.10 per spin, sometimes AUD 0.20 — and any winnings land in a bonus balance, not your cash balance. That distinction is the whole game. The bonus balance is not yours yet. It is a conditional credit, and the conditions are where the margin lives.

Twenty-five spins at AUD 0.10 is AUD 2.50 in raw spin value. If the average return-to-player on the qualifying pokie sits around 96 percent, the expected return before any bonus terms is roughly AUD 2.40. The advertised value of a 25-spin offer is almost never AUD 25, despite what a landing page might imply with a large "25" and a small currency symbol. That mismatch is not a scam in the legal sense. It is marketing, and it is the reason the terms and conditions run longer than some short stories.

The practical question is not "how many spins do I get?" It is "what percentage of the expected return can I actually withdraw, and how much time and wagering does that require?" Most 25-spin no-deposit offers in the Australian market carry wagering between 30x and 60x on the spin winnings, plus a maximum cashout cap between AUD 50 and AUD 200. Those two numbers decide whether the offer is a cheap test of a casino's payout process or a maze with a voucher at the end.

The arithmetic behind the "free" label

Casinos do not fund no-deposit bonuses out of generosity. They fund them as customer acquisition cost. Industry estimates put the cost of acquiring a single depositing online casino player well above AUD 200 through paid channels, which is why handing out a few dollars in expected value to thousands of registrants is rational economics. The operator's bet is that a small percentage of claimants will convert into depositors. The player's bet is that the terms are loose enough to produce a withdrawal. Both can be true at once, but only one side has a compliance team reading the fine print for a living.

Roughly 60 to 70 percent of no-deposit bonuses never convert to a withdrawal, according to operator-side ranges cited in the 2026 market. The reason is rarely luck. It is the combination of a cashout cap that binds before wagering is complete, a game weighting table that slows progress, and an expiry window that closes before the player finishes. Understanding those three constraints is the difference between treating the offer as entertainment and treating it as a financial product it is not.

How the bonus is credited and what happens next

The mechanics have not changed much since the post-2020 KYC tightening, but the friction has moved forward. Most offshore operators now require email verification before crediting spins, and a growing number request identity documents upfront — a shift driven by anti-money-laundering rules in Curaçao and Anjouan. The claim process typically takes 10 to 30 minutes end to end. If you are using a VPN and your IP resolves to a prohibited jurisdiction, some brands will void the bonus after you have already spun. Set the VPN question aside before you register, not after.

Once credited, the spins usually expire within seven days. The winnings they generate then sit in a bonus balance with a separate wagering window, often seven to thirty days. Miss either deadline and the balance disappears without a support ticket that will change the outcome. The calendar reminder is not optional. It is the single most practical step in the entire process.

The Best 25 Free Spins No Deposit Offers for Australian Players

Rankings in this niche are usually paid placements dressed as editorial judgment. This list is ordered by a different set of filters: licence transparency, clarity of published terms, payout track record, and whether the offer is genuinely accessible to Australian players in 2026. Every brand below holds an offshore licence. None holds an Australian state casino licence, because no such licence exists for online casino play. That is not a reason to avoid them; it is a reason to read the terms before depositing anything.

Rocket Casino — highest spin count, thinnest cashout

Rocket Casino runs a 50-spin no-deposit offer on selected Pragmatic Play titles with a 40x wagering requirement and an AUD 100 cap. The spin count is double the 25-spin headline, which makes it a relevant benchmark for anyone shopping this category. The trade-off is the cap: AUD 100 is the ceiling on what you can withdraw from the no-deposit component, regardless of how the spins run. Rocket operates on a SoftSwiss white-label platform under a Curaçao licence, supports AUD accounts, and has built its Australian-facing positioning around local payment rails including PayID and crypto.

The platform's welcome structure is multi-deposit, with the no-deposit spins functioning as the entry hook. For a player who wants to test the cashier and payout process before committing a deposit, Rocket's combination of PayID support and a documented crypto payout window of 10 to 60 minutes makes it a practical first stop. For a player chasing the largest possible no-deposit withdrawal, the AUD 100 cap will feel tight. That is the trade.

National Casino — generous spins, slower licence tier

National Casino counters with 100 no-deposit spins at 45x wagering and an AUD 150 cap. The licence sits with Curaçao, and the brand's welcome package is split across the first four deposits, with the no-deposit spins acting as the opening offer rather than the main event. National's registration flow is faster than most, which matters when the bonus is time-limited and the verification queue is the bottleneck.

PayID support is not guaranteed at National, which is a material difference in the Australian market. Bank transfer and e-wallet methods are available, but players who prioritise instant deposits and same-day withdrawals should verify the cashier before claiming the spins. The 45x wagering is on the higher side of the no-deposit range, and the AUD 150 cap is more generous than Rocket's. The maths favours National if you expect a mid-sized win and can tolerate a slower payout rail.

BitStarz — the crypto veteran with tiered spins

BitStarz has been the reference point for crypto-facing Australian players since the mid-2010s. Its no-deposit allocation is smaller than the headline offers — typically 20 free spins on registration — but the brand's tiered welcome package runs to 180 spins across the first four deposits with wagering in the 40x range. The licence is Curaçao, and the payout reputation is stronger than most: crypto withdrawals are processed in under ten minutes on average, with documented best cases of three minutes.

The trade-off at BitStarz is that the no-deposit component is not the main attraction. If you specifically want 25 spins without a deposit, BitStarz's 20-spin entry is close but not exact. If you are willing to treat the no-deposit spins as a test drive for a platform with a genuinely fast cashier, the brand's payout track record makes it a rational choice. Terms are published on a dedicated page without a login wall, which is a transparency signal worth noting.

7Bit Casino — fiat and crypto, modest no-deposit allocation

7Bit Casino runs weekly and monthly promotions with free spin allocations typically in the 20-to-50 range, plus a welcome package that includes match bonuses and spins. The licence is Curaçao, and the platform supports both crypto and fiat currencies, which makes it one of the more flexible cashier setups in the Australian-facing market. The no-deposit entry is modest — 20 spins on selected slots through a promo code, according to 2026 snapshots — so it does not hit the 25-spin number exactly.

What 7Bit lacks in headline spin count it partly makes up for in ongoing promotion volume. Reload offers and weekly free spin drops give existing players more chances to claim spins without a fresh deposit, although those offers usually carry their own wagering and caps. For a player who wants a crypto-friendly platform with a steady promotional cadence, 7Bit is a reasonable second or third account. For a pure 25-spin no-deposit hunter, the allocation is thin.

SkyCrown — not a 25-spin offer, but the payout benchmark

SkyCrown does not market a 25-spin no-deposit bonus as its headline offer, but it belongs in this comparison for one reason: payout speed. Independent 2026 testing recorded an 11-minute PayID withdrawal at SkyCrown, the fastest in a ten-casino sample. The brand holds a Curaçao licence and has built its Australian-facing infrastructure around PayID and Osko, with PayID withdrawals consistently landing under 15 minutes in testing.

Including SkyCrown here is a deliberate methodological statement. A 25-spin no-deposit bonus that takes 14 days to clear is worth less than a slightly smaller bonus at a casino that pays in minutes. The no-deposit offer is the hook; the cashier is the product. SkyCrown sets the benchmark for the latter, which makes it the comparison point every other operator in this list is measured against.

Side-by-Side Comparison: Bonus, Licence, Payout, Minimum Deposit

Operator No-deposit spin offer Wagering Max cashout Licence Typical payout speed Minimum deposit
Rocket Casino 50 spins (Pragmatic Play) 40x AUD 100 Curaçao 10–60 min (crypto/PayID) AUD 20
National Casino 100 spins 45x AUD 150 Curaçao 2–12 hrs (bank/e-wallet) AUD 20
BitStarz 20 spins on registration; 180 tiered 40x Varies by tier Curaçao Under 10 min (crypto) AUD 10–20 (crypto equivalent)
7Bit Casino 20–50 spins via promo 40x AUD 100 Curaçao Under 1 hr (crypto) AUD 20
SkyCrown No headline 25-spin offer N/A N/A Curaçao 11 min (PayID, tested) AUD 20

The table makes one thing clear: spin count and real value are not the same axis. National's 100 spins with a 45x multiplier and an AUD 150 cap is a different product from BitStarz's 20 spins with a 40x multiplier and a payout infrastructure that clears in minutes. The minimum deposit column matters less for the no-deposit claim itself and more for what happens after the spins run out. Every operator here sits at AUD 20 or below, which is the effective floor in the 2026 Australian-facing market.

The Legal Reality: Why Every 25-Spin Offer Comes From Offshore

The Interactive Gambling Act 2001 (IGA) prohibits licensed operators from offering online casino games to people physically located in Australia. The offence sits with the provider, not the player. No Australian punter has ever been prosecuted for playing at an offshore casino, and that has not changed in 2026. What has changed is the enforcement machinery around the edges: the Australian Communications and Media Authority (ACMA) has blocked more than 1,000 gambling domains since 2017, and the pace of formal warnings to offshore operators has increased.

The practical consequence is a two-tier market. The regulated local pokies market runs through state bodies, and the Northern Territory Racing Commission licenses bookmakers that offer casino-style products to offshore customers. But the brands that advertise 25 free spins no deposit to Australian players are almost universally offshore-licensed — Curaçao, Anjouan, Kahnawake — and none holds an Australian state casino licence, because no such licence exists for online casino play.

What the Interactive Gambling Act 2001 actually says

The IGA bans online casino services offered to Australian customers, and ACMA enforces that ban through civil penalties and domain blocking. The Act does not criminalise the player. It criminalises the provider. That distinction is why the legal risk for an Australian claiming a no-deposit bonus sits with the operator, not with the person clicking "claim." What the player loses is the domestic safety net: no Australian Financial Complaints Authority escalation, no state-based dispute resolution, and no guarantee that a payout will clear if the operator's licence is revoked or its payment processor walks away.

Proposed amendments in 2026 have targeted wagering inducements and sign-up bonuses, but the core structure remains: offshore casinos serve Australian players at their own regulatory risk, and players have recourse only through the operator's licensing jurisdiction. That is not a reason to avoid the market entirely. It is a reason to check the licence footer before you check the spin count.

ACMA blocking and what it means for your bonus

When ACMA blocks a domain, the no-deposit code attached to it becomes unusable without a VPN, and using a VPN to access a blocked service raises separate issues under the operator's own terms. The bonus is rarely the problem. The access route is. A brand that has been formally warned by ACMA for serving Australian customers without a licence is a brand whose payment rails may be disrupted at short notice, which is precisely the scenario a no-deposit player wants to avoid when a withdrawal is pending.

The practical filter is straightforward. Check the licence number in the footer, check whether the brand appears on ACMA's blocked list, and check whether the terms name a specific regulator or simply say "licensed and regulated" with no body identified. The latter is a tell. An operator that will not name its regulator is an operator that does not want you to know where your complaint would go.

Licence tier and player recourse

A Curaçao licence under the reformed 2023 framework runs into tens of thousands of dollars in application and annual fees, plus ongoing reporting. An Anjouan licence is cheaper, which is why a wave of newer brands have taken that route. A Malta Gaming Authority licence costs considerably more and carries stricter player-protection rules, which is why MGA-licensed brands rarely offer aggressive no-deposit codes to Australian traffic. The licence tier is not a perfect quality signal, but it correlates with how much the operator has invested in compliance and how much recourse a player has when a withdrawal stalls.

Licence authority Typical cost to operator Player recourse Common in AU-facing market
Curaçao GCB $40,000+ setup, annual fees Complaint to Curaçao regulator Very common
Anjouan Lower tier, cheaper annual Limited, slow process Growing
Kahnawake Mid-tier, established Dispute resolution available Occasional
Malta (MGA) High, strict compliance Strong, ADR required Rare for AU traffic
NT Racing Commission Australian, bookmaker focus Australian framework Bookmakers, not casinos

Wagering, Caps, and the Real Value of 25 Spins

Wagering requirements are the most important number in any free spins offer, and they are routinely buried below the fold. A 40x requirement on an AUD 100 bonus means AUD 4,000 in total bets before any of that money becomes withdrawable. At AUD 0.20 per spin on a typical pokie, that is 20,000 spins. The multiplier is the headline, but the cashout cap is usually the binding constraint. A 25-spin offer with a AUD 100 cap cannot produce a AUD 500 withdrawal, no matter how well the spins run.

The binding constraint is the cashout cap, not the multiplier

Take a AUD 30 bonus at 40x wagering with a AUD 150 cap. You need AUD 1,200 in total bets to clear it. At a typical pokies house edge of 3 to 4 percent, the expected loss across AUD 1,200 of play is AUD 36 to AUD 48. That exceeds the AUD 30 bonus and approaches the AUD 150 cap, meaning the offer is only profitable if you run above expectation. The cap, not the wagering, is what stops most players from converting.

Now compare a deposit match: AUD 100 bonus at 30x with no cap. You need AUD 3,000 in bets, expected loss of AUD 90 to AUD 120, against a potential AUD 100 bonus plus your deposit. Still tight, but the absence of a cap means a lucky run pays out in full. That is the structural difference between no-deposit and deposit bonuses, and it is the reason the no-deposit version is a test rather than a bankroll strategy.

Game weighting and expiry windows

Pokies usually contribute 100 percent toward wagering, but table games and live dealer titles often contribute 10 percent or less, and some contribute nothing at all. Blackjack at 10 percent weighting means AUD 40,000 in bets to clear the same requirement that AUD 4,000 of pokies play would satisfy. If the no-deposit spins are credited on a Pragmatic Play or Hacksaw title, the game weighting is usually favourable — 100 percent — but the moment you switch to blackjack to "protect" the bonus, the clock slows to a crawl.

Expiry is the second silent killer. Spins typically expire within seven days of credit, and the resulting bonus balance carries a separate wagering window of seven to thirty days. A player who claims 25 spins on a Monday and does not return to the account until the following weekend may find the spins expired and the bonus balance gone. The terms do not send a reminder. The calendar does.

A worked example with 25 spins

Assume 25 spins at AUD 0.10 per spin on a 96 percent RTP pokie. Raw spin value: AUD 2.50. Expected return before terms: AUD 2.40. Suppose the spins produce a AUD 5 win. That AUD 5 lands in the bonus balance with a 40x wagering requirement, meaning AUD 200 in total bets before withdrawal. At AUD 0.20 per spin, that is 1,000 spins. The cashout cap is AUD 100, so even a strong run above expectation cannot produce more than AUD 100 from the no-deposit component. The expected loss across AUD 200 of pokies play at a 4 percent house edge is AUD 8, which is more than the AUD 5 win. The maths is not designed to make the average player rich. It is designed to make the average player a depositor.

Pokies, Slots, and the Games That Actually Qualify

No-deposit spins are almost always tied to a nominated pokie, and the game choice matters more than the spin count. Pragmatic Play titles dominate the Australian-facing no-deposit market because they are widely licensed, well understood by players, and carry volatility profiles that produce enough small wins to keep the wagering ticking over. Rocket Casino's no-deposit spins run on Pragmatic Play titles, and RocketPlay Casino has leaned on Hacksaw Gaming slots for its free-spin allocations — an unusual choice that brings higher volatility and larger upside tails.

Pragmatic Play and Hacksaw titles dominate no-deposit spins

Pragmatic Play's slot catalogue is the default for a reason: the games are familiar, the RTP ranges are published, and the volatility sits in a middle band that suits bonus wagering. Hacksaw Gaming titles are a different proposition. They are more volatile, which means the 25 spins are more likely to produce either nothing or a rare large multiplier. For a player who wants a steady grind through wagering, Pragmatic is the safer qualifier. For a player who treats the 25 spins as a lottery ticket with a small cashout ceiling, Hacksaw's volatility is not necessarily a disadvantage.

Volatility and spin denomination

Spin denomination is the other variable. A 25-spin offer at AUD 0.10 per spin has AUD 2.50 in raw value. A 25-spin offer at AUD 0.20 per spin has AUD 5.00. The higher denomination doubles both the expected value and the variance. For a no-deposit bonus with a AUD 100 cap, the denomination matters less than the cap: the ceiling binds either way. But for a player trying to clear wagering within a short expiry window, higher denomination spins clear the requirement faster, provided the bankroll survives the variance.

The games that do not qualify are just as important. Live dealer tables, blackjack, roulette, and most table games either contribute a reduced percentage toward wagering or are excluded entirely. If the terms say "pokies contribute 100 percent, table games 10 percent," the no-deposit spins are a pokies product whether you play table games or not. Trying to clear a pokies bonus on blackjack is the bonus equivalent of pushing a shopping trolley with a broken wheel: technically possible, unnecessarily exhausting, and slower than walking.

Payments and Withdrawal Speed in 2026

PayID and bank transfer dominate the Australian-facing offshore market because they are fast, cheap, and familiar. PayID deposits typically clear in under five minutes, and withdrawals via PayID or direct bank transfer land within one to three business days at most reputable brands. Cryptocurrency clears faster but adds volatility and, at some operators, a separate fee structure. Cards are the weakest option: Visa and Mastercard have restricted gambling transactions for Australian-issued cards since 2020, so deposit attempts frequently fail. E-wallets like Skrill and Neteller work but often exclude you from bonus eligibility.

PayID, crypto, and the death of card deposits

PayID's rise is the most significant payment shift in the Australian-facing market since the IGA amendments. A PayID or Osko transfer to an Australian bank settles in under 60 seconds once released, which is why brands that build their cashier around it — SkyCrown being the clearest example — can advertise withdrawal times that would have sounded implausible a few years ago. Crypto is the other fast rail, but the volatility between the spin win and the withdrawal landing is a real cost that does not appear in the headline payout time.

Card deposits are functionally dead for Australian players at offshore casinos. The restriction is on the issuer side, not the casino side, which means a failed card deposit is not a sign that the casino is broken. It is a sign that the bank has done what the regulator asked. Players who insist on cards will spend more time troubleshooting declines than spinning.

What "instant" means in practice

Instant withdrawal is a marketing term with a loose definition. In practice, the fastest recorded PayID withdrawal in 2026 testing was 11 minutes at SkyCrown, and the realistic norm for brands with well-configured cashiers sits in the two-to-four-hour range. Crypto withdrawals at BitStarz average under ten minutes, with a documented best case of three minutes. Those numbers are achievable, but they depend on the player having completed KYC before requesting the withdrawal and on the cashier not flagging the account for manual review.

The practical takeaway is that a 25-spin no-deposit bonus is only as valuable as the payout rail behind it. A AUD 50 win that clears in 11 minutes is worth more than a AUD 100 win that sits in pending for five days. When comparing operators, check the payout speed before you check the spin count. The bonus is the hook; the cashier is the product.

How to Claim 25 Free Spins Without Handing Over a Deposit

The claim process is mechanical, but the order of operations matters. Register with a valid email and a date of birth that matches your ID, because the KYC check will catch a mismatch later. Verify the email before you look for the spins; most operators will not credit the bonus until the address is confirmed. If the offer requires a promo code, enter it at registration or in the cashier — not after the first deposit, because the code field often disappears once a payment method is attached.

Check the licence and the terms before you claim. The licence should be named in the footer with a specific regulator, not a generic "licensed and regulated" line. The terms should state the spin value, the wagering multiplier, the maximum cashout, the expiry window, and the game weighting. If any of those five numbers is missing, the offer is not ready for a claim. It is ready for a complaint.

The final step is the one most players skip: set a calendar reminder for the spin expiry and the wagering deadline. Twenty-five spins expire fast, and the bonus balance that follows them has its own clock. The operator will not send a reminder. The calendar will. A bonus that expires while you are waiting for a verification email is not a bonus you claimed; it is a bonus you watched disappear.

New Casinos and the 25-Spin Hook

New offshore casinos use 25-spin no-deposit offers as a customer acquisition lever because the maths works: a small expected-value outlay generates a registration, an email address, and a chance to convert the player to a depositor. The brands that launched in 2025 and 2026 and target Australian traffic are almost universally Curaçao- or Anjouan-licensed, and their no-deposit offers are typically in the 20-to-50-spin range with wagering between 35x and 50x. The newer the brand, the more important the licence check becomes. A Curaçao licence held for five or more years is a different signal from an Anjouan licence issued last quarter.

New casinos also tend to have faster payment configurations because they are building their cashier stack from scratch rather than patching legacy systems. That is not a guarantee of reliability, but it is a reason to test a new brand with a small no-deposit claim and a small first withdrawal before committing a larger deposit. The 25 spins are the test drive. The payout is the road test. Treat them as separate decisions.

How We Ranked These Operators (Methodology)

The ranking behind this guide weights five factors, in order: licence transparency, published terms clarity, payout track record, accessibility for Australian players, and the real value of the no-deposit offer after wagering and caps. Licence transparency comes first because a brand that will not name its regulator is a brand that has not invested in the kind of compliance that protects players when something goes wrong. Published terms clarity comes second because a bonus with hidden game weighting is a bonus designed to be misunderstood.

Payout track record is weighted heavily because the no-deposit offer is only as good as the cashier behind it. A 25-spin bonus at a casino that pays in 11 minutes is a different product from the same bonus at a casino that takes two weeks to process a withdrawal. Accessibility covers payment rails, AUD account support, and whether the registration flow is usable without a VPN. Real value is the final filter: the spin count, wagering, cap, and expiry combined into an expected withdrawal range, not a headline number.

Responsible Play and Where to Get Help in Australia

Twenty-five free spins is a small exposure, but the pattern it encourages is the same pattern that produces harm at larger stakes: the belief that a bonus is a head start rather than a conditional credit with a house edge attached. The no-deposit bonus is not the problem. The problem is what happens when the bonus converts a casual click into a deposit habit that the player did not plan for. If the spins stop being entertainment and start being a way to chase a previous loss, the maths has already turned.

Free and confidential support is available across Australia, 24 hours a day, seven days a week. The National Gambling Helpline on 1800 858 858 connects callers to professional counsellors, and state-based services including GambleAware in NSW and Gambling Help WA provide face-to-face and financial counselling. These services are free, and using them is not an admission that the 25 spins were a mistake. It is an acknowledgment that the product is designed to be habit-forming, and that the person using it is allowed to set the terms.

Do I need to deposit to claim 25 free spins no deposit?

No. A genuine 25 free spins no deposit bonus is credited without a first payment. You register, verify your email, and the spins appear on a nominated pokie. The catch is that any winnings land in a bonus balance with wagering and a cashout cap attached, so the spins are free but the withdrawal is conditional.

Are 25 free spins no deposit legal for Australian players in 2026?

The Interactive Gambling Act 2001 bans operators from offering online casino games to people in Australia, but the offence sits with the provider, not the player. No Australian has been prosecuted for playing at an offshore casino. The brands offering these spins hold Curaçao or Anjouan licences, not Australian ones.

What is the maximum I can withdraw from a 25 free spins bonus?

Most Australian-facing operators cap no-deposit winnings between AUD 50 and AUD 200, with AUD 100 being the most common figure. The cap applies to the no-deposit component, regardless of how much the spins win. Read the cap before the wagering multiplier; it is usually the binding constraint.

How long do 25 free spins take to clear?

The spins themselves usually expire within seven days of being credited. The winnings they generate then sit in a bonus balance with a wagering window of seven to thirty days, depending on the operator. Missing either deadline removes the balance, and support tickets rarely reverse an expired bonus.

Can I win real money from 25 free spins without depositing?

Yes, but the amount is capped. The spins can produce a real withdrawal if the winnings clear the wagering requirement and stay under the cashout cap. With 25 spins at AUD 0.10 on a 96 percent RTP pokie, the expected return is around AUD 2.40 before terms. A withdrawal is possible; a large one is not.

Why do so many 25-spin offers come from Curaçao-licensed casinos?

Curaçao issues offshore licences that allow operators to serve markets where local online casino licensing does not exist, including Australia. The licence is not a guarantee of quality, but it is a named jurisdiction with a complaints process. Anjouan is cheaper and increasingly common among newer brands; Malta is stricter and rarer for Australian traffic.

Is it worth claiming 25 free spins if I never plan to deposit?

It can be, if you treat the spins as a low-stakes test of the cashier and the payout process. The expected value is small and the cashout cap is tight, but the information you get from a small withdrawal request — how fast the KYC clears, how the cashier behaves — is worth more than the spins themselves.