Are crypto casino bonuses worth it?

Most crypto casino deposit match bonuses with 40x or higher wagering requirements are negative expected value. At a realistic 3% house edge on slots, you lose more money clearing the bonus than the bonus is worth. The breakeven wagering requirement at 3% house edge is 33x. Anything above that costs you money. The exception is rakeback models (like Stake's), which have no wagering requirement and are always positive value.