BetMGM Sportsbook is offering new users their choice of three welcome offers, depending on your preference and state, all using a different promo code.
- BetMGM bonus code NYPNEWS1600: Earn a 20% deposit match up to $1,600 in bonus bets. So you’d have to deposit $8,000 to get the full $1,600. It also comes with a 10x wagering requirement, which we’ll explain below.
- BetMGM bonus code NYPNEWS: A max $1,500 first bet on the house, meaning if your first bet loses, you’ll be refunded in bonus bets equal to what you lost.
- BetMGM bonus code NPNEWSGET: Bet $10, get $200 in bonus bets. This offer is only available in four states — NJ, Michigan, Pennsylvania and West Virginia.
The deposit match is available in all BetMGM states but Kentucky, New York, Nevada and Washington D.C. The first bet insurance is available in Kentucky, but not in NY, Nevada or D.C.
Confused? We’ll break down each offer below.
How BetMGM’s deposit match works
There are fewer deposit matches on the market these days, and they come with important fine print you should know about — the “wagering requirement,” aka a rollover or playthrough.
With this BetMGM offer, you’ll get 20% extra on top of your deposit in bonus bets. It’s not tied to a specific game, only to your deposit.
The key caveat is that you must wager 10x your bonus amount in your first 30 days on the platform. So if you deposit $1,000 and get $200 in bonus bets, you must wager $2,000 in your first 30 days.
So if you place a $100 wager on Day 1, you’ll be 5% of the way there. Bonus bet wagers you get from the match also don’t count toward your rollover — they must be cash bets.
If you don’t reach the wagering requirement in 30 days, your bonus bets will be removed, as will any winnings from bonus bet wagers.
For some users who plan to use the platform regularly, that might be easy. But if you just plan on using BetMGM for occasional line shopping, it will be hard to get there.
How BetMGM’s first bet on the house works
This offer is similar to what many other sportsbooks give out nowadays. If your first bet loses, you’ll be refunded in bonus bets equal to whatever you lost.
So say you deposit $500, and place a $500 bet on the Panthers +200 against the Packers on Sunday.
- If the Panthers win, you’ll profit $1,000, keep your $500, and the promo is over. You’ve got $1,500 in your account you can bet or withdraw.
- If the Packers win, you’ll get $500 back in bonus bets.
The bonus bets come back in five increments — so in this case, you’ll get back five, $100 bonus bets.
How BetMGM’s bet/get works
This offer is the most straightforward but is only available in four states — New Jersey, Michigan, Pennsylvania and West Virginia. Not surprisingly, those are the only four states where BetMGM operates its online casino.
Just place a $10 bet on anything, and you’ll get $200 in bonus bets. The bonus bets come back in four, $50 increments, and can’t be split down any further than that.
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