Review BetMGM Bonus:

BetMGM Bonus

Up to $1,000 Back in Bonus Bets

BetMGM Bonus Overview

Dennis Johnson

BetMGM has a good bonus offer of up to $1,000 bonus bets for new customers. In addition, there are loads of promotions for existing customers as well.

Reviewed by Dennis Johnson 03/17/2023

BetMGM Bonus At A Glance

  • Up to $1,000 Back in Bonus Bets
  • Minimum $10 deposit
  • Seven (7) days validity
  • Available in CO/IA/IL/IN/KS/LA/MI/MD/NJ/NY/PA/VA/WV

Find out more on the BetMGM Sign Up bonus.

BetMGM Bonus score

  • Up to $1,000 in bonus
  • Low minimum stake for first bet offer
  • No minimum odds requirements
  • Requires a qualifying bet
  • Short validity period of seven (7) days
Bonus offer
Betting variety
Mobile experience
Payment options
Betting experience
BetMGM Bonus quick facts
Game TypesSportsbook, Casino, Poker
Deposit methodsVisa, 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 methodsPayPal, Skrill, ACH, wire transfer, check, or cash at in-person locations
Betting functionsCash Out, Live Betting
AppsiPhone, Android
Support24/7 Live chat, email
OwnerMGM Resorts International
Founded Year2018
HeadquarterParadise, Nevada
Bonus TypesDeposit Bonus
Bonus CodeNo Code

BetMGM Bonus: All You Should Know

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.

What are the strong points of the BetMGM Bonus?

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.

BetMGM Bonus Top Features

🎁 High Bonus Amount

One of the stand out features of the BetMGM first bet offer is the bonus amount on offer.

We are particularly thrilled with the $1,000 first bet offer.

The bonus amount is as good as what you will find on other Sportsbooks like Draftkings with a similar offer for new players.

Learn more about the BetMGM First bet offer.

😀 Low deposit amount

Another reason we have taken a liking to the BetMGM new customer offer is the required deposit amount.

Players only need to make a deposit of $10 to qualify for this offer.

😂 No minimum Odds Requirements

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).

What are the BetMGM shortcomings?

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?

BetMGM Bonus Flaws

☹️ Bonus Bets are Non-withdrawable

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.

$50 Bet Required to Get Full bonus

If a player places a wager with an amount less than $50, you will only receive a single bet bonus back equal to the amount of the qualifying bet.

For instance, if you place a $49 bet and it is settled as lost, you will get a one time bonus of $49 only.

On the contrary, if you place a qualifying bet with more than $50 and it is lost, such player will get five (5) bonus bets in equal denominations of 20% of the total bet amount of the qualifying bet up to $1,000.

For instance, if you place a qualifying bet of $1,000 and you lose, you will get five (5) $200 bonus bets.

Dennis Johnson
Dennis Johnson Editor

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 freebies? 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.

BetMGM Sign Up Bonus

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 first bet offer of $1,000 paid back as 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.

How does the BetMGM bonus work?

The BetMGM bonus is a bet credit which 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 $10, place a qualifying bet and you will be rewarded with a bonus if your bet losses.

With a first bet of more than $50 stake, you will get five (5) bonus bets in equal denominations of 20% of the whole wager amount.

For instance , if you place a qualifying bet of $1,000 and you lose, you will get five (5) $200 bonus bets.

On the flip side, with a qualifying bet of less than $50, you will only get one bonus bet equal to the original wager amount.

The bonus credit cannot be withdrawn or cashed out. It can only be used once and it will not be included in any winnings.

Again, bonus credit must be used within seven (7) days.

How to Claim the Betmgm Bonus

Looking to claim the BetMGM bonus? Here the simple steps to follow:

Sign Up on BetMGM

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:

  • Full name
  • Address
  • Phone number
  • Email address
  • Social security number

Sign up on BetMGM

Make a Deposit on BetMGM

Another requirement of claiming the BetMGM bonus is to fund your newly created betting account.

You have to make at least a $10 deposit to be eligible for the first bet offer.

There are several payment methods available to players. Some of the options are:

  • Prepaid cards
  • Debit and credit cards
  • E-wallet
  • Bank transfers
  • Paypal
Place your first wager

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 don't have to win the bet to get the bonus.

If you lose this bet, you will be paid back.

There are no minimum odds requirements for the wager, plus you can wager on any sports in the Sportsbpook.

You only have to place the wager. It is that simple!

Receive up to $1,000 back

This is the part you have been waiting for! The part where you get rewarded for your effort.

If your qualifying wager is settled as lost you are indeed going to get a bonus.

Remember, if you place a first bet more than $50 you will get five (5) bonus bets in equal denominations of 20% of the whole wager amount.

For example, if you place a qualifying bet of $1,000 and you lose, you will get five (5) $200 bonus bets.

However, with a qualifying bet of less than $50, you will only get one bonus bet equal to the original stake.

BetMGM Promo Code

Do I Need a Promo Code to Claim the BetMGM Bonus?

Promo codes are issued by Sportsbook at times to give new players some special offers.

However, you do not need a promo code to claim the BetMGM bonus.

You only have to create an account, make a deposit, place a qualifying wager and if the bet is lost, you will get a bonus.

BetMGM Bonus Terms and Conditions
  • The offer is open to players who are resident in states where the promotion is valid
  • Players must be 21 years or older to participate in the promotion
  • Online customers claiming the sports promotion will not be eligible for another welcome offer.
  • If you cash out your first bet, you will no longer be eligible for the bonus offer

How to Use the BetMGM Bonus

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.

Sport bonus:

Up to $1,000 Back in Bonus Bets

Turnover: 1x bonus amount Lowest odds: No Minimum odds Bonus code: No Code

BetMGM Bonus Against Other Bonuses

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 BONUSESBetMGM BonusPointsbet BonusDraftkings BonusCaesars Bonus
Bonus Amount$1,000$500$150$1,250
Validity period30 days7 days7 days14 days
Minimum OddsNoneNoneNoneNone
Minimum Deposit$10$5$5$10

How does the BetMGM Bonus Fare Against the Others?

🎁 Bonus Amount

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!

⌚️ Validity period

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.

💯 Bonus Percentage

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.

💳 Minimum deposit

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.

🐜 Minimum Odds

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.

BetMGM Promotions

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

🎀 BetMGM Promos

👬 BetMGM Refer A Friend

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.

🦺 BetMGM One Game Parlay Insurance

BetMGM gives users a chance for one Game Parlay insurance if one leg of your parlay fails to land.

The offer is available for different sports like Football, Soccer and Basketball.

To enjoy this offer, opt into the UCL One Game Parlay. Place a one game wager with four legs or more on any UCL match with a minimum of +400 odds.

If you miss only one leg of your UCL parlay, you will get your stake back in bonus bet up to $25.

💵 Betmgm Cash Out

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.

📑 BetMGM Edit My Bet

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 Casino Bonus

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 FREE PLAY.

How to claim the BetMGM online casino bonus

  1. Sign up on BetMGM Casino
  2. Get $25 Free play
  3. Make first deposit ($10 minimum)
  4. Get 100% casino bonus
Casino bonus:

100% Deposit Match Up To $1000

Turnover: 15x bonus amount Free Spins: Bonus code: No Code

Sign Up And Claim the BetMGM Bonus Today!

BetMGM Bonus

Get Up To $1,000 Paid Back

Itching to get your betting journey on BetMGM started? You can get off to a flying start with the BetMGM sign up bonus.

Up to $1,000 would be paid back when you lose your first bet on BetMGM.

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.

BetMGM Bonus FAQs

💝 How much is the BetMGM bonus?

The BetMGM bonus is worth $1,000.

After you sign up, make a deposit and place a qualifying bet, you will be eligible for the bonus if it is settled as lost.

Register on BetMGM

🏧 Can i withdraw the BetMGM 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.

🤷 Do I need a Promo code to claim the BetMGM bonus?

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.

Learn more about the BetMGM sign up bonus.

📍 Where is the BetMGM bonus legal

The BetMGM bonus is legal in many states across the US.

🎁 What are the promotions available to existing customers on BetMGM?

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.

Best Betting Bonus

  1. 5 Second Chance Bets Up To $250

  2. Bet $5 Win $150

  3. Bet Credits up to $1,250

  4. No Sweat First Bet Up To $1000 Bonus

  5. Up to $1,000 Back in Bonus Bets

BetMGM Bonus review

BetMGM Bonus sportbonus

Up to $1,000 Back in Bonus Bets