BetMGM Promo: First Bet Offer Up to $1500

The 'King of Betting Sites' is running a welcome offer worth up to $1,500 in bonus bets until the end of the year. Available to players across most states where BetMGM Sportsbook operates, this deal promises to protect your first bet by matching your initial wager. 

Several facets of this promotion make it a fascinating deal. Participants can qualify by betting on any sport and market – the sole stipulation being that you must use your real money balance to confirm a qualifying wager. 

Let's examine this BetMGM Sportsbook welcome offer from top to bottom, beginning with a rapid-fire summary. 

BetMGM Promo Summary

• Minimum Deposit: $10
• Minimum Wager: $10
• Eligible states: AZ, CO, DC, IL, IN, IA, KS, KY, LA, MD, MA, MI, MS, NJ, OH, PA, TN, VA, WV, WY
• BetMGM App: Android & iOS: Yes
• Offer Expiry Date: 31 December, 2024
• Payout Speed: Instant

BetMGM Eligibility Requirements

Physical Location: You can partake in BetMGM's $1,500 welcome offer as long as you're physically located in one of the 20 jurisdictions where the promotion is available. 

Minimum Age: All users who wish to claim the BetMGM Sportsbook new user bonus must be at least 21 years old.

Employment Status & Relations: Employees and other members associated with BetMGM, as well as those related to BetMGM affiliates, are not eligible for the $1,500 promotion. 

Multiple Accounts: This bonus bet offer is only open to users who have never created a BetMGM Sportsbook account, regardless of jurisdiction. 

Real Money Bets: Only qualifying wagers consisting of real money will be considered for bonus qualification. Bets placed with bonus funds are ineligible for this package. 

BetMGM Promo Terms & Conditions

You'd be hard-pressed to find an online sportsbook boasting a reward that competes with BetMGM's current offering. On par with the quality of this promotion is the list of terms and conditions attached to the deal – with simple rules for users to follow. 

Here, you'll catch a quick look at the most important rules tied to BetMGM's new customer offer. 

Qualification

Pertinent to the success of any online sports betting bonus is the ease at which interested users can qualify. In addition to being physically located in a region where BetMGM and its respective offers are available — of which only New York, Nevada, Puerto Rico, Ontario, and North Carolina are excluded — bettors must deposit and wager just $10. 

Qualifying wagers span all metaphorical shapes and sizes. The sportsbook takes bets on the most popular sports and niche markets, including soccer, football, baseball, tennis, golf, lacrosse, rugby, and more. Simply choose your preferred market, wager between $10 and $1,500, and wait for your bonus bets to roll in if your punt loses. 

Claiming Bonus Bets

You do not need to do anything after placing your initial bet to claim your reward. BetMGM's internal system recognizes eligible wagers as soon as they come through. However, bets using bonus funds will not be considered for qualification – even if the value of the wager sits between $10 and $1,500. 

Moreover, the promotion only covers the first $1,500 of your qualifying wager. This means that even if you wager and lose $2,000, the maximum value of bonus bets you'll receive remains $1,500. 

Using Bonus Bets

BetMGM bonus bets are paid out as multiple tokens if the value of your qualifying punt is greater than $50. To be specific, you'll earn 5 separate bonus bet tokens worth 20% of your first bet. For example, a $100 qualifying wager would return 5x $20 bonus bet tokens. Wagers valued at $49 and under are paid out as a single token. 

Things really begin to heat up when it comes to using your BetMGM Sportsbook bonus bets. No sporting restrictions apply to these wagers – allowing you to back big-name sports like the NFL, NBA, EPL, and MLB, as well as niche options, such as Rugby Union, T20s, Mountain Biking, and more. Accessing your bonus bet balance is easy, and you can wager with bonus tokens by clicking 'Apply Bonus Bet' while viewing your betslip. 

Be sure to use the entirety of your bonus bets within 7 days of confirming participation in the offer. Although the promotion runs through New Year's Eve 2024, BetMGM requires all bettors to wager bonus bets over 168 hours. If unused funds remain after 7 days, BetMGM will void the remainder of the promotion. 

Wagering Requirements

You are not beholden to strict wagering requirements when playing through this BetMGM Sportsbook welcome offer. Therefore, you can withdraw winnings earned as a direct result of the bonus instantly. It should be noted that winnings accrued from bonus bets will not include the value of your stake. 

How to make a Deposit for your BetMGM Promo

I found depositing at BetMGM effortlessly simple. I’ll run you through the basic steps below: 

1. Navigate to the “My Account” homepage using the shortcut in the top right
2. Press on “My Balance” 
3. Choose “Deposit” 
4. Select your chosen method from the list 
5. Input your desired deposit amount and press confirm 

How to make Withdraw BetMGM Promo Winnings

Withdrawals at BetMGM are also uncomplicated. Bear in mind you can only withdraw using a payment method used for deposits within the past 180 days. Follow these steps to withdraw: 

1. Head to the “My Account” section 
2. Select “Withdrawal” under the “Cashier” page 
3. State your preferred withdrawal amount and method 
4. Click on “Submit” and wait for the withdrawal to verify 

Available States to Claim BetMGM Promo 

BetMGM Promos for Existing Customers

Promotions are a major element of BetMGM's success, and existing users are rewarded with consistent boosts year-round. Once you've finished with the bonus bets welcome offer, a flurry of deals awaits. Check out the list of bonuses for existing users, below. 

$1 Million Playoff Football Challenge 

NFL enthusiasts can score a share of $1,000,000 in bonus bets during the playoffs by answering questions and making predictions accurately. The two initial main prizes reward $250,000 in bonus bets, while the last entry period offers $500,000. 

This ongoing BetMGM promotion is only available for a short period during the NFL playoffs, but it’s a healthy indication of how future competition-specific free-to-play promotions will look. 

NBA 33% Odds Boost Token 

Existing customers can enjoy a 33% odds boost token on NBA wagers with minimum -300 odds. The token will be available to toggle on the bet slip when you select a qualifying bet, offering a straightforward way to potentially maximize your profits.  

25% Extra Winnings PGA Tour Odds Boost 

BetMGM also offers 25% extra winnings on PGA Tour odds at the time of writing. The operator is renowned for these regular odds and price boost promotions, generally covering a few different US sports and competitions every month or so. Check the ‘Promotions’ section on the website or mobile app to keep up-to-date. 

Free-To-Play Weekly Prizes 

Small touches can go a long way when choosing the best US sportsbook, and BetMGM’s free-to-play weekly 8-Bit Barry is a great example. The retro video game offers you a choice between a spin, stiff arm, or juke as Barry Sanders attempts to score a touchdown. Pick the right option to win a $20 bonus bet. It’s fun, simple, available weekly, and offers a three-in-one chance of success – I’m a fan of those odds. 

BetMGM Big Game Bash Sweepstakes 

Place a $10 professional football same-game parlay with minimum -200 odds to enter the BetMGM Big Game Bash Sweepstakes promotion. Winners get a three-night stay at the MGM Grand and are invited to the BetMGM Big Game Bash and Watch Party. I was happy to find a free mail-in entry method as well, granting up to three entries a week during the promotional period. If you are interested in the Sweepstakes Casino scene online, at Betting Odds we have a list of the sweepstakes casinos from you to choose from.

$100 Refer-a-Friend Bonus 

BetMGM also excels with its referral bonus, offering $100 each for you and a friend after making a successful referral. This is one of the most generous referral bonuses I’ve found, with alternatives like FanDuel only offering $50. 

I’m also a huge fan of how easy it is to find the refer-a-friend bonus information. It’s surprisingly rare to find the offer directly under the promos tab at other sportsbooks, so extra points go to BetMGM for making it so easy to take advantage of. 

BetMGM Rewards 

Another area where BetMGM surges clear of any competitors is the BetMGM Rewards scheme. The legendary Las Vegas casino brand integrates its land-based locations to offer up to 20% discounts at MGM Resorts, food credits, and member-exclusive offers like 40% off select Cirque du Soleil shows. 

You can also earn extra points using the MGM Rewards Mastercard, providing full-spectrum loyalty scheme options. The tagline is “this isn’t loyalty, it’s membership”, and I can see the sportsbook’s determination to provide a cutting-edge VIP program. You certainly won’t find better elsewhere. 

Available Sports to use your BetMGM Bonus Bets

• MLB - The Major Baseball League is at a crucial point in the season, and you can back the Red Sox, Pirates, Penguins, and more before bonus bets expire or the season ends in September.
• MLS - Lionel Messi and co. are expected to return to Major League Soccer action before the campaign concludes later this year. BetMGM hosts a deep portfolio of markets for the professional soccer league – with bonus bets supported. 
• NBA - Get behind your favorite National Basketball Association franchise ahead of an unpredictable 2024-25 season by using up to $1,500 in bonus bets to predict next year's champions. 
• College Basketball - Take a punt on College Basketball Conference and National Championship winners with your bonus bets earned via the BetMGM welcome offer. 
• NFL - The 2024-25 National Football League season promises a whirlwind of surprises. Bet on the Kansas City Chiefs to win yet another Super Bowl, wager in favor of Aaron Rodgers upon his return from injury with the New York Jets, or back an underdog to go deep in the Playoffs. 
• College Football - College football begins its new campaign in August 2024. BetMGM's $1,500 bonus bet package delivers the chance to win big as you follow your favorite college team. 
• EPL - Manchester City are on the cusp of a fifth successive English Premier League title – but Liverpool and Arsenal look set to compete for top-spot once again. Use your $1,500 sports betting bonus to wager on the 2024-25 EPL winners, Top 4, relegation, and beyond. 

Why Choose BetMGM Promo

No two sports betting promotions are made equal. This is evidenced by BetMGM's impressive $1,500 welcome offer – a boost that promises to match your first loss in the form of bonus bets. The key word here is 'match'. Simply bet as much or as little as you'd like in order to qualify for this offer and BetMGM will reward your account with an exact replica of your opening punt's value if it loses. Should your first bet win, you keep the winnings.

Above all else, this promotion's user-friendly nature ensures that users of all experience-levels can get involved. The days of needless and frustrating wagering requirements post-offer are long gone from BetMGM's welcome offer – so you can withdraw winnings whenever you want. 

Responsible Gaming at BetMGM

BetMGM takes responsible gaming tremendously seriously. So much so that the site is home to 'GameSense' – a safer gambling program designed to inform and guide users on staying in control of betting. 

Tools are also available to bettors seeking to limit time, wagers, and losses. You can find these tools in your BetMGM account area or via BetMGM's 'Help' section. Deposit restrictions, time-outs, and self-exclusions may also be set up by contacting a member of the team. 

All in all, BetMGM does a solid job in terms of protecting users through its responsible gaming initiative. 

Promo Comparison

BetMGM Promo Conclusion 

From stem to stern, BetMGM's new customer offer represents the best of the gambling industry. Bettors are handed complete freedom as to how much to risk in exchange for a reward, shaping a personalized experience. Even better, you can withdraw winnings as soon as your bonus bets settle. 

The only slight drawback is that first-time winners won't earn a reward. We'd love to see BetMGM incorporate FanDuel's approach with its current offering by crediting all new registrants with a neat prize. Nevertheless, BetMGM does as good a job as one can with this package. 

Create a BetMGM account today to claim up to $1,500 in bonus bets before December 31 and bet on the NBA, NFL, EPL, and other major sports leagues. 

Frequently Asked Questions