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Receive up to $1,000 back in bonus bets if your first bet loses
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BetMGM Sportsbook Review
MGM Resorts International’s sportsbook platform is BetMGM. The company that owns the popular casinos in Las Vegas and elsewhere, and is becoming increasingly involved – and visible – in the online sports betting industry. Since its inception, BetMGM has expanded its territory to include additional legalized states and territories and will continue to do so in 2022. BetMGM promo codes are a great way for new and seasoned bettors to get value out of their wagers.
BetMGM Promotions and Bonuses
It’s a great idea for bettors, especially new ones, to check out the BetMGM Promo Code and special deals for new customers. Ongoing promos continue to benefit users. New customers at BetMGM may get a single bonus wager up to $1,000. As the first bet needs to be with your deposited funds, make a small deposit of at least a minimum of $10. Then, place a bet on anything you like. If you lose that bet, you’ll earn bonus bets of the same amount you lost, up to $1,000.
Get up to $1,000 Back in Bonus Bets if Your First Bet Doesn’t Win!
Join with the promo code: Create an account and deposit using the appropriate BetMGM Bonus Code. Your first wager on your account will be with your deposited funds, which has a minimum limit of $10. Only the first bet, up to $1,000, is eligible for the incentive. Your winnings will be credited to your account if your wager “cashes.” If it loses, you’ll get bet credits worth the amount wagered within 24 hours. The promo expires in 7 days. You have seven days to utilize your bet credits or it expires. This offer is for your FIRST BET, so make sure you choose a good one when you join up to get the most out of this great new user offer. A BetMGM welcome bonus can only be used once.
Money Monday Club
$10 in bonus bets every single Monday The Money Monday incentive for BetMGM customers is a promotion that runs every week starting on Monday.
Key Money Monday Club Rules
Enroll through the promotional page or player mailbox Must have placed $50 in money bets the week before Each eligible wager must have odds of at least -300 or greater It doesn’t matter whether the bets win or lose; they all count
BetMGM Referral Bonus
BetMGM’s referral program offers bonus bets for referring friends! $50 per registration for you and your guests, up to 20 registrations. Your payout requires to be triggered when the referred person deposits money.
BetMGM Registering & Cashiering
How to Join BetMGM
The process to claim great signup deals is quick and easy. Go to BetMGM’s website and choose your state. In the upper right, click “Register.” Fill in your info
- Name
- Birthday
- Choose a Unique ID
- Set a Strong Password
- SSN
- Phone Number
- Home Address
- Create Security Questions and answers according to the prompts
- Verify your age (must be 21+)
- Make a deposit and start betting
How to Place a Bet on BetMGM Sportsbook
To place a sports bet on BetMGM, it’s always a good idea to go through the terms and conditions to make sure that you understand the rules and regulations before proceeding. First and foremost, establish a budget and adhere to it strictly. Don’t gamble more money than you can live with losing by placing a bet. Another important piece of advice is to make sure that all of your wagers are about the same value.
We recommend avoiding labels such as “can’t miss wagers” that bookmakers offer you to entice huge sums of money on a single bet. Look through the available active lines by league or sport until you discover the one on which you wish to place a wager. Decide on the type of wager you want to place, a straight one, a teaser, or a parlay. Enter the amount of money you wish to bet on the line, and you will receive a prompt the ticket is an active wager. Once satisfied, confirm the bet. Watch the action unfold, as everything is now in the hands of the team(s) or player(s) you are betting.
BetMGM Withdrawals and Deposits
Users may deposit money through debit and credit cards, prepaid cards, e-wallets, and bank transfers. A deposit may be denied if a credit card provider does not allow it to proceed. Users must utilize a prepaid card or a bank transfer in that case. Currently, no major US sportsbook accepts cryptocurrency for deposits or withdrawals, including BetMGM. With PayPal, payouts are normally granted in less than five days.
Cash-out whenever you wish into your bank account. Notably, prepaid credit cards cannot be withdrawn. As with other major sportsbooks, withdrawing money from BetMGM is free. One of the good things about betting with a US-licensed book like BetMGM is that money withdrawals are safe and secure. You are protected by state regulations, but not by offshore sportsbooks. Deposit and withdrawal options at BetMGM include:
- Credit/debit card
- Casino cage (where available)
- Casino cage (where available)
- Credit card
- eCheck
- PayPal
- Bank Transfer
Depositing at BetMGM is simple. The ‘deposit’ button is always visible at the top of the app. The “withdrawal” feature of BetMGM’s app is relatively poor since it is difficult to discover and returns funds process very slowly. Go to Profile > Cashier to view it. There are 12 deposit possibilities but only seven withdrawal alternatives. Withdrawals are reviewed by BetMGM, which adds five business days to the 3-5 business days your bank requires to conduct the transaction. However, most other major sportsbooks are also relatively slower when processing withdrawals.
Spending Controls
BetMGM also offers several handy features to users to control and limit their spending on sports betting on the platform:
Deposit Limit
Bettors can impose a maximum amount limit on themselves, and they are prevented from depositing more than that limit in their account.
Loss Limit
Bettors can impose a maximum loss limit on themselves for a day, week, or month. BetMGM will prohibit them from wagering anymore until time passes.
Self-Exclusion
Betters can impose a time-out on themselves, and BetMGM will lock their account or lock their betting for that period.
BetMGM Promo Code Betting Options
As one of the leading gaming companies in the US, BetMGM covers almost every type of sports bet that is allowed in legal states. As such, it runs promotions and bonus offers on a wide range of sports contests. There are some regular bonus code promotions and some that change often, depending on the sport. Visiting BetMGM regularly will provide bettors with the most updated information. One disadvantage is that BetMGM has fewer secondary markets, such as game or player props, than other US-based sportsbooks. Props are provided by BetMGM; however, they are relatively limited compared to those offered by other popular sportsbooks in the US.
BetMGM Promo Code Market Coverage
Being a popular sportsbook in the US with availability in many states where sports betting is legalized, one expects BetMGM to offer all the major sports leagues and markets that are followed by bettors, as well as some niche and interesting ones. Fortunately, BetMGM does offer many major sporting leagues and tournaments across the US and abroad too.
As of now, BetMGM offers plenty of sports markets – pro and college football, pro and college basketball, baseball, hockey and more. The sportsbook has done a great job of providing access to virtually all major domestic and international markets. As such, BetMGM regularly offers promos for different sports events. These are in addition to any signup or other promotion, which means they can be used repeatedly.
BetMGM State Promo Details
The most popular and functional promo code that is offered by BetMGM to new users is for a bonus bet up to a staggering $1,000. For this to work, the user has to be a new one, and this bet has to be their first one on the platform. When a bettor loses his or her first-ever bet, BetMGM rewards them with a bonus bet of the same amount, up to a maximum of $1,000. This promo code is offered by BetMGM in several states. The full list contains:
- NJ
- WV
- IN
- CO
- NV
- MI
- PA
- TN
- IA
- VA
- DC
- AZ
This promo is a great one if taken properly by the new user. However, the bonus bet awarded by BetMGM has to be availed in a maximum time window of 7 days. Otherwise, it expires. However, this promotion is only available in the states mentioned above. While you do not need to be a resident of one of the above-stated states to take advantage of this promotional offer by BetMGM, you must be physically present in one of these states at the time you avail of this promotion.
BetMGM Promo Code vs Other Sportsbooks
A good comparison of BetMGM’s promotion can be made with another very popular sportsbook, FanDuel. As these both offer the same $1000 bonus bet for first-time users, bettors must see it as a close competition when deciding between the two. The BetMGM sportsbook provides a straight and simple $1000 bonus bet, with the only requirement being that your first deposit is at least $10.
However, while FanDuel also seems to offer the same promotion on the outside, they have a hidden restriction that makes their promotion less attractive. In comparison, FanDuel has a play-through requirement on their sportsbook if you want to withdraw the winnings of your first bet. Essentially, this means you will need to wager an amount equal to your winnings if you are to withdraw. Additionally, any bet with odds greater than -200 is unavailable in the promotion. Therefore, the BetMGM promotion, while looking the same as the FanDuel one on the outside, is better and is a more attractive proposition to bettors.
BetMGM Promo Code Frequently Asked Questions
What is BetMGM?
BetMGM is a sportsbook that offers sports betting to users. It is officially licensed in the US and is available in most states where sports betting is legal, according to the state legislature.
Why should I use a BetMGM promo code?
Promo codes are a great way to break the ice and get into action on a sportsbook. Most promo codes enable you to make the most out of your wagers, such as with free money, risk-free bets, free bets or enhanced odds, etc.
In which states is BetMGM available?
BetMGM is available in most states where sports betting is legal. The full list contains:
Arizona
Colorado
Florida
Indiana
Iowa
Louisiana
Maryland
Michigan
Mississippi
Nevada
New jersey
Ohio
Oregon
Pennsylvania
South Dakota
Tennessee
Virginia
Washington
Washington DC
West Virginia
Wyoming
How do I deposit money into my BetMGM account?
You can use one of the payment methods listed and accepted by BetMGM and fund your account through them.
I'm an existing BetMGM customer. Can I use the signup promo code?
No. The signup promo code is only available for new users. However, you are eligible for the Money Monday promotion, as well as some smaller ones. While they may not be as great as the risk-free bet one, they are still very decent
What promos does BetMGM Sportsbook offer for existing customers?
BetMGM offers a weekly promotion of $5 free bets every Monday, as well as a friend referral promotion.
Is BetMGM a trustworthy sportsbook?
Yes. BetMGM is officially licensed to operate in the US, and bettors are protected by the state regulations imposed on sportsbooks and casinos.
What is the BetMGM Sportsbook new customer offer?
It’s in the form of a $1000 bonus bet in case a new user’s first bet loses. It’s a great way to get much more value out of your wager.
Our Verdict: BetMGM Promo Code
BetMGM is a very popular and highly reputed sportsbook in the US. It offers highly competitive odds to bettors, as well as enticing promotions and bonuses, both for existing and first-time customers. The sportsbook also offers a high-quality mobile betting experience with a functional and sleek website as well as a smooth, sleek, fast, and feature-rich application. While it lacks in some areas, such as withdrawal options and speed, as well as certain wager types, it is overall a very compelling product for sports bettors.
Written and updated by
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