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BetMGM Bonus Offer: Navigating BetMGM’s Exciting Promotions

Mike McKean
Editor
Fact checked by: James Leeland
Last Updated on 30.01.2025

BetMGM extends an array of bonuses and promotions to new bettors and existing ones alike. The beauty of these BetMGM bonuses lies in their potential to amplify your overall betting experience and enhance your approach to online gambling.

The most interesting is the welcome bonus, which gives new players a match on their initial deposit. This review provides an analysis of this bonus to give you a clear understanding of what the offer entails as well as any hidden terms you need to consider. It also includes a step-by-step guide on how to claim the bonus.

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BetMGM Sports Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA)
-
PayPal
PayNearMe
Play+
VIP Preferred
Bank Transfer
Discover
Visa
Mastercard
Applepay
+5
Bonus Type
Welcome Bonus
Wager
-
Min. Deposit
$10
Cashable
No

Learn More about the BetMGM Bonus

betmgm main
BetMGM sportsbook
betmgm live sports betting
BetMGM on mobile

BetMGM’s bonus offer is a fantastic opportunity for betting enthusiasts in the USA.

US Bettors Claim a First Bet Offer up to $1,000

The BetMGM welcome bonus offers new American bettors a first bet offer up to $1,000. The minimum deposit is only $20. If your initial bet loses, you will get that amount back in your first bet offer. The minimum odds are only 1.2. With access to literally thousands of events across multiple sports, you have lots of betting markets to look at, from college football and baseball to even no run first inning markets. This makes it one of the top betting bonuses out there.

The beauty of this offer is that you get a second shot at winning your wager. The lack of wagering requirements makes it more interesting. Although, it’s worth noting you have just seven days to get through your first bet offer once they are credited to you.

1.
Sports Bonus
Welcome Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Min. Deposit: $10
Cashable: No
Odd: -
-
Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA)

Our Guide to Signing Up and Getting your BetMGM Bonus

Using the BetMGM offer is relatively straightforward and follows the pattern of most bonuses. This information gives you a step-by-step guide so you can complete the process without hassle.

1. Sign Up

To start, you need to register a BetMGM account. This process is simple and only requires basic personal information such as your name, email address, and date of birth.

2. Make a Deposit

BetMGM has various secure and convenient payment methods, including credit/debit cards, e-wallets, and online bank transfers.

3. Place Your First Bet

Navigate to the sports section and select an event of your choice. Remember, the welcome bonus only works if your first wager does not win. Once you’ve chosen your event and market, enter your stake (minimum $10) and confirm your bet.

4. Wait For the Result

Once your bet has been placed, the next step is to wait for the outcome of the event. If your bet does not win, don’t worry. This is where the BetMGM welcome bonus comes into play. You’ll receive up to $1,500 in bonus bets, which you can use to place additional bets.

5. Claim Your First Bet Offer

These first bet offer reflect the amount of your initial losing bet, up to a maximum of $1,500. If your initial deposit was $50 or less, you’ll get one first bet offer worth the same amount, and if you did more than that, you’ll see it in five free equal bets totaling the amount.

6. Use Your First Bet Offer

You can view and access your first bet offer in the bet slip or the “My Bonuses” section of your account. To use any BetMGM promotions, add selections to your bet slip as you normally would. Then, select ‘Use My First Bet Offer’ when confirming your wager.

5 Ways to Get the Most Out of the Bonus

Not sure yet what to do with your bonus? These expert tips will help you plan your strategy accordingly.

Try More Unfamiliar Markets

Given your bonus only applies if your bet loses, it might be an ideal opportunity to try some markets that you’re unfamiliar with. It may seem counterintuitive but remember, you already lost your initial stake, which you knew was a possibility from the start. As long as you aren’t chasing that first loss, it’s a great chance to explore without fear of the next outcome.

Explore Markets Unique to your BetMGM

Not all bookmakers offer a chance to bet on markets outside of the norm. If you love baseball, you could use your first bet offer to try out the “Try No Run First Inning Betting” which basically allows you to bet on two baseball teams not to score in the first inning. This market is available if you’re looking for something unique to bet on.

Stay Within the Seven Day Limit

A lot of punters sign up for a bonus and forget to utilise it. This bonus gives you a seven-day limit for using the bonus. So, that means you need to put in a qualifying bet that is settled within this timeframe.

Consider the Location Restrictions for the USA

This is key if you’re based in the USA as the bonus is not available in every state. You cannot use a VPN either, as your card needs to be registered in a state where the bonus is available. These are listed above.

Use the Allocated Five Bonus Bets Per Person

This bonus allows you to use up to a maximum of five bonus bets, dependent on how much you wager. Basically, that means you can use your bonus bet funds over five different bets if you wager enough. So, you may as well spread them out to get the most out of it.

FAQs for BetMGM’s Bonus

🙌 Is there a catch to BetMGM’s bonus?

BetMGM’s bonus is a potentially great bonus, but you need to remember that it only applies to a losing bet. However, if you win your qualifying bet, you win your bet winnings, and if you lose the first bet, you win the bonus. From that perspective, it’s a win-win.

😍 Is BetMGM’s bonus worth it?

Absolutely, BetMGM’s bonus is worth it, especially for those who are looking to maximise their experience with a little backup cushion. Besides the bonus bet offer being able to match up to a substantial amount, the flexibility it provides in terms of betting options across various sports and events adds to its worth.

😎 Does BetMGM’s bonus require a promo code?

No, you do not need a BetMGM promo code to use the bonus. After you’ve created your account and made your initial deposit, the bonus is automatically applied to your account.

👌 How can you deposit funds for the bonus at BetMGM?

Depositing funds for the bonus at BetMGM is straightforward. After you have registered, navigate to the ‘Banking’ section. Here, you will find a range of secure payment methods. Options include credit or debit card payments, e-wallets such as PayPal or Skrill, and direct online bank transfers.

💕 What are the key eligibility criteria for BetMGM’s bonus?

To be eligible for BetMGM’s bonus, first you must be a new user to BetMGM and be at least 21 years old. Second, you must register for an account and make an initial deposit of $10 or more. Remember, you do not need a BetMGM bonus code. Third, your first bet placed on the platform should meet the minimum requirement of $10. Lastly, you must be located within one of the states where BetMGM operates legally.

Get More Out of BetMGM with BetMGM Rewards

Alongside the BetMGM bonus, you’ll be glad to know that the bookmaker also offers a rewards programme for its sports betting punters, so it’s no wonder that BetMGM remains one of the top online betting sites out there right now.

BetMGM Rewards

BetMGM Rewards offers you points within a tiered system based on the amount you’re playing. See the chart below for a breakdown of what to expect:

BetMGM Rewards Program TiersDescription
Sapphire (0–19,999 credits)Discounted rooms at MGM Resorts.
$5 birthday bets.
BetMGM Anniversary bets.

Pearl (20,000–50,000 credits)$10 free bets.
10% points boost.
$25 free bets.
20% points boost.
Premium customer support.

Gold (50,000+ credits)$25 free bets.
20% points boost.
Premium customer support.

Platinum (200,000+ credits)$100 in free bets.
30% points boost.
Expedited window service at BetMGM sportsbooks in MGM Resorts.
Noir (invite only)$200 free bets.
40% boost on points.
Dedicated VIP host.
Complimentary tickets to exclusive concerts in Las Vegas.

Additional Sports Betting Goodies on Site

BetMGM might not be for every bettor, but that doesn’t mean this bookie has nothing else beyond the welcome offer. Promos will always come and go, but if you sign up, you might catch some of these unique offers:

  • BetMGM Refer-a-Friend: Basically, if your friend signs up and starts betting, you both get a $100 cash referral bonus.
  • Multi-sport Parlay Boost: Get a 33% odds boost on college basketball.

Always be sure to check your Promotions page before placing a bet, as there just might be a special offer for your sport or preferred markets.

BetMGM Sports Bonus

A Short Recap on BetMGM Offers

betmgm-sport-mobil
Multiple markets on mobile
Early cash-out options

BetMGM’s bonus is an opportunity designed to enhance your online betting journey. This robust offer provides a safety net for your initial bet up to a generous $1,500 if it doesn’t win. It serves as a ticket to explore diverse betting markets. Pair this with the rewarding MGM Rewards Program, featuring a tier-based system that generously rewards your loyalty, and you have an incredible betting experience to both start and sustain an enjoyable sports betting experience.

Our Experience Using the Bonus

In our experience, signing up for BetMGM’s bonus offer was a seamless process. Once we registered and made our initial deposit of $10, we were eligible to claim the bonus without using any BetMGM promo codes, much to our relief. We found the minimum deposit limit very reasonable and the idea of a safety net on our first bet equally took a lot of pressure off, making it one of the better BetMGM offers we’ve seen.

Knowing that we could get up to $1,500 back on a loss felt almost surreal. Effectively, that meant we could get $300 in bonus bets on a £1,500 qualifying bet. Though, we wanted to stay within our normal means, so we didn’t stake a whopping $1,500 at once. Even with a smaller deposit, we think the flexibility offered by this bonus is truly commendable, as it allowed us to use our bonus funds over several bets in multiple markets instead of forcing us to place the same size wager in a limited selection.

Important Notes on Withdrawing Your Bonus Winnings

The withdrawal conditions for the BetMGM bonus are user-friendly. There are no specific wagering terms for playthrough or rollover. However, it is worth noting that the bonus must be wagered on sports events with odds of -200 or greater in order for them to count.

Notably, if you win using your bonus funds, the original bonus stake is not returned, but any profits above that amount are yours to keep. For example, if you bet $100 of bonus funds and win $500, the $400 profit is available for withdrawal, but the original $100 stake is not returned. Moreover, we noted that the withdrawal amount for your winnings is $20 minimum.

Easy Mistakes to Avoid

When claiming BetMGM’s bonus, it’s crucial to avoid some common pitfalls. One clear mistake is misunderstanding the nature of the free bets and how many you receive. For instance, if you’re betting under $50 and you lose, you’re only going to get one free bet back of the same amount. Only if you bet more than that will they be split into 5 free bets.

Another common error involves misapprehending the terms of the maximum bet refund. While $1,500 is the upper limit of what you can receive in free bets, that doesn’t mean you get that amount just for placing the minimum bet amount. You can only get back the value in free bets based on what you first put in with real money. Moreover, don’t expect to use your bonus funds in whatever way you want. Splitting this maximum refund, BetMGM allows you to receive up to five free bets, as long as your stakes are incrementally higher each time.

Our Overall Verdict for the Bonus

In conclusion, the BetMGM bonus offers significant value for new users with a free first bet up to $1,500, as detailed in our review. Withdrawals of winnings obtained through the bonus are straightforward, with no stringent wagering requirements, but the original bonus amount is not returned. It’s vital to understand that refunds from losing bets under $50 are matched with a single free bet, while betting more than $50 can yield multiple free bets up to the $1,500 cap.

As always, it’s prudent to fully grasp the bonus terms of your most updated local offer to maximise potential benefits. Our overall assessment finds the BetMGM bonus to be a user-friendly and attractive offer for sports bettors. To find out more general information about the bookie before claiming any bonus, check out our full BetMGM review!

BetMGM
Sports Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
-
PayPal
PayNearMe
Play+
VIP Preferred
+10
Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA)

The Final Say on the BetMGM Welcome Bonus

In conclusion, the BetMGM bonus is an unparalleled opportunity for new users to explore online betting with a safety net. The rewards are generous, and the flexibility it offers is a testament to BetMGM’s commitment to providing a player-friendly environment. The BetMGM Rewards program further enhances the overall betting experience.

If you’ve found this information helpful and are interested in maximising your betting experience, why not give BetMGM a try? This bonus is a good starting point.

BetMGM
Sports Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
-
PayPal
PayNearMe
Play+
VIP Preferred
+10
Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA)

BetMGM Bonuses FAQ

💕 Does BetMGM have a welcome bonus offer?

Yes, BetMGM provides a generous welcome bonus to its new users. The bonus constitutes up to $1,500 in your first bet offer, given that your first bet does not win.

➖ Is there a minimum deposit for BetMGM’s bonus?

Yes, there is a minimum deposit required to qualify for BetMGM’s bonus. You need to make an initial deposit of at least $10 within seven days of account registration to be eligible for the bonus.

🇺🇲 Where does BetMGM’s bonus operate?

BetMGM’s bonus operates in all states where BetMGM is legally licensed to operate. However, the availability of specific types of betting and promotions, including the welcome bonus, may vary by state due to local regulations.

🧠 How do I use BetMGM’s bonus effectively?

To make the most out of BetMGM’s bonus, consider spreading your bets, as the bonus permits the use of funds over multiple bets. This allows you to explore different markets without risking as much.

⌛ When does BetMGM’s bonus expire?

BetMGM’s bonus does not technically expire. Once you’ve claimed it, the bonus funds will be in your account until you use them. However, please note that the initial deposit required to qualify for the bonus must be made within seven days.

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