Up to $1,500 Back in Bonus Bets if Your First Wager Doesn't Win
21+. New users only. Offer available in AZ/CO/DC/IL/IN/IA/KA/LA/MA/MD/MI/ NC/NJ/OH/PA/TN/VA/WV/WY. Offer not available in NV/NY/PR.
Qualifying deposit (min $10) and first real money wager required. If qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets up to $1,500. Rewards are non-withdrawable bonus bets that expire in 7 days.
See full T&C at BetMGM.
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER. NY: Call (877-8-HOPENY) or text HOPENY (467369).
BetMGM has a good bonus offer of up to $1,500 for new customers. In addition, there are loads of promotions for existing customers as well.
| Turnover | 1x |
|---|---|
| Minimum odds | No Minimum odds |
| Bonus code | No Code |
| Maximum bonus amount | $ 1500 |
| Min. deposit | $ 10 |
| Expiration time | 7 days |
| Bonus currency | $ |
| Bonus offer | 9/10 | |
| Betting variety | 8/10 | |
| Mobile experience | 9/10 | |
| Payment options | 9/10 | |
| Betting experience | 9/10 | |
| Support | 8/10 | |
| Summary | 9/10 |
| Website | betmgm.com |
| Game Types | Sportsbook, Casino, Poker |
| Deposit methods | Visa, Discover, MasterCard, & American Express credit/debit cards, PayPal, Skrill, ACH, PayNearMe, wire transfer, the BetMGM Play+ Card, and cash at select in-person sportsbooks |
| Withdrawal methods | PayPal, Skrill, ACH, wire transfer, check, or cash at in-person locations |
| Betting functions | Cash Out, Live Betting |
| Apps | iPhone, Android |
| Support | 24/7 Live chat, email |
| Owner | MGM Resorts International |
| Founded Year | 2018 |
| Headquarter | Paradise, Nevada |
| Bonus Types | Deposit Bonus |
| Bonus Code | No Code |
Looking to learn more about the BetMGM bonus offer? How it works, how to claim as well as how to use it? You are just right where you need to be.
Continue your expedition on this page to learn more about the BetMGM for both new and existing customers.
You may be curious about why we are waxing lyrical about the BetMGM bonus.
Why should American bettors be excited about the offer?
The answers are in the section below.
One reason we have taken a liking to the BetMGM new customer offer is the deposit amount required to be eligible for the bonus offer.
New players are required to deposit $5 to put them on their way to getting a signup bonus on BetMGM. This is much better than FanDuel that requires. minimum of $10 for new customers to qualify for their bet and get offer.
One of the stand-out features of the BetMGM bet and get the offer is the low minimum stake required to qualify for the bonus offer.
With as little as a $5 wager, you will be in line to claim $ 158 in bonus bets. This is similar to the minimum stake requirements of both DraftKings and FanDuel.
Odds requirements can be a bit of a downer for new players who are yet to find their feet in online betting.
However, the good news is that there is no such requirement attached to the new player offer.
All you have to do is place a wager after making a deposit and you will be a step closer to claiming your bonus (if your first bet loses).
This review is aimed at giving you a balanced view of the BetMGM bonus, as this will help you make informed decisions.
We have discussed in glowing terms what we like about the bonus offer. How about the things we do not like?
The bonus is given in the form of a bonus bet credit when you lose your first bet.
Unfortunately, the bonus can not be withdrawn or cashed out at any point.
But there is still something to cheer about. The bonus bets can be used to place even more wagers and the profit from those bets (if you win) can be withdrawn.
You see? It is not so bad after all.
Perhaps one of the most disappointing features of the BetMGM bonus is the short validity period that comes with the offer. Players who claim the bonus have only seven (7) to use the bonus or forfeit it.
A longer validity window will allow players to glean more value from the bonus offer.
Should I claim the BetMGM bonus?
There is only one answer to that question and your guess is as good as mine.
Obviously. It is nice to get your betting journey started with some bonus credit without having to use your cash.
Who doesn’t like promos? Practically, no one. At least not a bettor certainly.
Getting the bonus is straightforward. You only need to place a qualifying bet and you will be rewarded if the bet is lost.
The bonus is not all sunshine and roses, but it is certainly a good offer.
Aside from the BetMGM sign up bonus, there are other offers players can make the most of.
However, we are going to have a laser focus on the sign up bonus for new customers in this part of the review.
In case you don’t know already, there is a Bet $5 Get $158 instant bonus bet if your first bet is settled as lost.
As a new player looking to claim the BetMGM bonus, you have to keep an eye on this section.
The BetMGM bonus is a bet credit that allows players to place wagers without using their cash funds.
To get it, you have to sign up on BetMGM, make a deposit of at least $5, place a qualifying bet of $5 and you will be rewarded with a bonus if your bet loses.
It is that simple! With a $5 wager, you will be credited with $158 in bonus bets once you have placed a qualifying bet.
The bonus bets are awarded as two (2) $50 bonus bets and one (1) $58 bonus bets. Bonus bets come with a 7-day validity period.
Looking to claim the BetMGM bonus? Here the simple steps to follow:
The first step to claiming the BetMGM bonus is to create an account with the Sportsbook.
The step is a walk in the park as long as you have the required details.
Much of the information you need is listed below:
Another requirement of claiming the BetMGM bonus is to fund your newly created betting account.
You have to make at least a $5 deposit to be eligible for the first bet offer.
There are several payment methods available to players. Some of the options are:
After making a deposit, you are now ready to place your first wager.
This wager serves as your qualifying bet for the BetMGM bonus offer.
The good thing is that you will be given a bonus bet as soon as you place a bet.
There are no minimum odds requirements for the wager, plus you can wager on any sport in the sportsbook.
You only have to place the wager. It is that simple!
The BetMGM bonus is given in the form of bonus bets. Therefore, it cannot be withdrawn.
This means that you can only use your bonus to place wagers.
There are rules that governs the use of bonus bets and here a few:
To place a bet with your bonus, you have to indicate that you intend to use your bonus on your bet slip
Bonus bet stakes are not included in winnings. In other words, the value of bonus bets is deducted from the payout
Bonus bets cannot be cashed out
A bonus bet must be used within seven (7) days of receiving it.
Turnover: 1x Bonus Amount Lowest odds: No Minimum odds Bonus code: No Code
With the legalization of sports betting in many states across the US, there are quite a number of Sportsbook and bonus offers for new players.
Here is how the BetMGM bonus compares to some other offers with regards to the most important bonus factors.
| BETMGM BONUS VS OTHER BONUSES | BetMGM Bonus | Draftkings Bonus | Caesars Bonus |
|---|---|---|---|
| Bonus Amount | $158 | $500 | $150 |
| Validity period | 7 days | 7 days | 7 days |
| Minimum Odds | None | None | None |
| Minimum Deposit | $5 | $5 | $5 |
First things first, we love bonus offers with great value! And surely, the BetMGM bonus falls into that category.
The maximum amount of the bonus is $1,000 and it is very competitive.
Caesars offers $1,250 and Fanduel gives $1,000.
So, the BetMGM bonus offer is right up there!
The Validity period of a bonus is another important bonus factor.
BetMGM stipulates that the bonus bet has to be used within seven (7) days or it will be forfeited.
This is the same validity period for the Pointsbet bonus but a little of the boil when compared to Caesars bonus with a 30 day validity period.
The bonus offer is more or less an 100% offer. Players who place a qualifying bet of $1,000 will get up to $1,000 in five instalments of $200.
So the BetMGM bonus offer can rub shoulders with the likes of Pointsbet bonus and Fanduel that also offer a 100% bonus.
The minimum deposit is set at $10 and that’s a fair requirement to be eligible for the bonus offer.
Although it is double the Draftkings minimum deposit amount, it is still a sensible deposit requirement.
No odds requirement here and it makes it easy for players to win their qualifying bets.
This is the same with the Draftkings bonus that does not have stipulated odds conditions.
After claiming the BetMGM welcome bonus, you can still enjoy plenty more offers.
Whether you are new or old player, you can
Here are few you can enjoy throughout your betting journey on BetMGM
The BetMGM Refer a Friend promotion rewards players for inviting their friends to sign up and play on BetMGM.
You can refer your friend by sending them a Refer A Friend invitation.
Once your friend accepts the invitation, creates a verified account, and fulfills all the Refer a-friend requirements, both of you will get a bonus on the BetMGM product your friend signed up for.
As an existing player, you can refer as many as twenty (20) friends, for a chance to claim the total available referral bonus of $1,000.
Additionally, your friends are at liberty to choose any of the three bonuses after signing up with your referral link:
If you like to stay on top of your game and take your destiny in your hands, then the Cash out feature is for you.
The option is available for some Parlay and straight bets.
This way you can minimize your losses and increase profit.
The BetMGM Edit my bet is an innovative feature that allows players to edit their bets.
This feature gives you the power to change any straight or Parlay bet that has cash out available.
Essentially, you can change your bet if you do not feel confident about the possible outcome.
This offer gives more control on your bet and improves your chances of making profit from your bet.
BetMGM does not only offer an amazing Sportsbook bonus, there is also a nice online casino bonus for new players.
There is a $1,000 match on your first deposit when you make a deposit of at least $10 plus a $25 bonus.
How to claim the BetMGM online casino bonus
Turnover: 1x Bonus Amount Lowest odds: No Minimum odds Bonus code: No Code
Itching to get your betting journey on BetMGM started? You can get off to a flying start with the BetMGM sign up bonus.
With a $5 wager, you will be rewarded with a nice $158 in bonus bets as soon as you place your qualifying bet.
Even as you continue to use the Sportsbook, you can take advantage of other great offers like the BetMGM refer-a-friend offer, the UCL one-game parley, and many others.
Up to $1,500 Back in Bonus Bets if Your First Wager Doesn't Win
21+. New users only. Offer available in AZ/CO/DC/IL/IN/IA/KA/LA/MA/MD/MI/ NC/NJ/OH/PA/TN/VA/WV/WY. Offer not available in NV/NY/PR.
Qualifying deposit (min $10) and first real money wager required. If qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets up to $1,500. Rewards are non-withdrawable bonus bets that expire in 7 days.
See full T&C at BetMGM.
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER. NY: Call (877-8-HOPENY) or text HOPENY (467369).
The BetMGM bonus is worth $1500.
After you sign up, make a deposit, and place a qualifying bet settled as lost, you will be eligible for the bonus.
The BetMGM bonus can not be withdrawn. Nevertheless, winnings from bet placed with the bet bonus can be taken out as cash.
Note that the original stake will be deducted from the winnings.
No! You do not need a promo code to claim the BetMGM new customer bonus. All you have to do is register on BetMGM, make a deposit, place a bet and if it is lost, you will be given a bonus.
The BetMGM bonus is legal in many states across the US.
There are quite a number of promotions available on BetMGM. Find some of them listed below:
Betmgm Refer A Friend
Betmgm Cash Out
Betmgm One Game Parlay
Betmgm Edit My Bet
Not sure about the BetMGM bonus? You can check out other bonus offers available to you.
| Company | Bonus Text | Action | |||
|---|---|---|---|---|---|
Bet $1, Double Your Winnings on Your Next 20 Bets |
T&C applied
Get 20 100% Profit Boosts After Your First Real Money Wager of $1 21+ only. New customers only. Must use Promo Code INSERT YOUR SITE'S PROMO CODE HERE. AZ/CO/IL/IN/IA/KS/KY/LA/ME/ MA/MD/MI/NJ/NY/NC/OH/PA/TN/VA/WV/WY/DC only. Deposit required (min $10). Must place first real money Qualifying Wager (min $1) within 30 days. Receive twenty 100% Profit Boosts to use on any market. Maximum wager for each profit boost is $25. Maximum additional winnings for each rewarded profit boost is $2,500. Profit Boosts expire 14 days after receipt. See full T&C at Caesars. | ||||
Bet $5, Get $300 in Bonus Bets If Your Bet Wins |
T&C applied
Place a $5 Wager and Get $300 in Bonus Bets If That Bet Wins 21+. New customers only. Offer(s) available in AZ/CO/CT/IA/IL/IN/KS/KY/LA/MD/MA /MI/NC/NJ/NY/OH/PA/TN/VT/VA/WV/WY/DC. Minimum $5 first deposit required. Promotion bonus will be credited to your account within 72 hours of settlement of Qualifying Wager. First online real money wager only (minimum $5). Bonuses issued as non-withdrawable bonus bets that expire in 7 days. See full T&C at FanDuel. | ||||
Bet $5+, Get $200 in Bonus Bets Instantly AND Over $200 Off NFL Sunday Ticket |
T&C applied
Place a $5 Wager and Get $200 in Bonus Bets Instantly AND Over $200 Off NFL Sunday Ticket 21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). 1 per new DraftKings customer. $5+ first-time bet req. Get 1 promo code to redeem discounted NFL Sunday Ticket subscription and max. $200 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. Terms: sportsbook.draftkings.com/promos. NFL Sunday Ticket: YouTube TV base plan (not included in this offer) required to watch NFL Sunday Ticket on YouTube TV. Subscription autorenews yearly at then-current price (currently $378 for YouTube TV subscribers, or $480 for YouTube subscribers); cancel anytime. Terms, restrictions, embargoes and eligibility requirements apply. No refunds. Digital only games excluded. Commercial use excluded. Addt’l terms: https://tv.youtube.com/learn/nflsundayticket/draftkings/. Offer ends 9/29/25 at 11:59 PM ET. Sponsored by DK. See full T&C at DraftKings. | ||||
Up to $1,500 Back in Bonus Bets if Your First Wager Doesn't Win
21+. New users only. Offer available in AZ/CO/DC/IL/IN/IA/KA/LA/MA/MD/MI/ NC/NJ/OH/PA/TN/VA/WV/WY. Offer not available in NV/NY/PR.
Qualifying deposit (min $10) and first real money wager required. If qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets up to $1,500. Rewards are non-withdrawable bonus bets that expire in 7 days.
See full T&C at BetMGM.
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER. NY: Call (877-8-HOPENY) or text HOPENY (467369).
Up to $1,500 Back in Bonus Bets if Your First Wager Doesn't Win
21+. New users only. Offer available in AZ/CO/DC/IL/IN/IA/KA/LA/MA/MD/MI/ NC/NJ/OH/PA/TN/VA/WV/WY. Offer not available in NV/NY/PR.
Qualifying deposit (min $10) and first real money wager required. If qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets up to $1,500. Rewards are non-withdrawable bonus bets that expire in 7 days.
See full T&C at BetMGM.
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER. NY: Call (877-8-HOPENY) or text HOPENY (467369).
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