Up to $1000 In Bonus Bets
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BetMGM Sportsbook Promo Code 2023
By Sidelines Group
June 1, 2023
Imagine this: You create an account at BetMGM, make your first wager, and lose. Bummer, right? Not necessarily! Players who lose their first bet will receive it back, up to $1,000, as a bonus bet.
| BONUS TYPE | Bonus Bet If First Wager Loses |
| BONUS CODE | N/A |
| BONUS AMOUNT | Up to $1,000 |
| AVAILABLE IN THESE STATES | AZ, CO, IL, IN, IA, KS, LA, MD, MI, MS, NV, NJ, NY, OH, PA, TN, VA, DC, WV, WY. |
| MINIMUM DEPOSIT | $10 |
| WAGERING REQUIREMENTS | N/A |
| DEPOSIT METHODS | Credit/Debit Cards (Visa, MasterCard, Discover), PayPal, Online Banking, MGM Rewards Mastercard, VIP Preferred, PayNearMe, Cash Cage, Wire Transfer, BetMGM Gift Card, Play+ Card. |
Table of contents
BetMGM Sportsbook promo code and welcome bonus for new users
New players at BetMGM Sportsbook Michigan will receive a bonus bet worth up to $1,000. There’s no BetMGM Sportsbook promo code required for this offer.
With this welcome bonus, you’ll receive a bonus bet if your first wager loses up to $1,000.
So, if your first wager is $20 and it loses, you’ll get a $20 bonus bet back.
However, for wagers over $50, you’ll receive five bonus bets equal to 20% of the wager. For example, if you wager $100 and lose, you’ll get five $20 bonus bets to use.
Accepting players from
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Payment Methods
How to Access the BetMGM Welcome Bonus
To access the BetMGM Sportsbook promo, you must create an account and deposit at least $10. As mentioned, no BetMGM Sportsbook bonus code is required, so you’ll automatically be enrolled in it. After this, make your first wager of at least $10 and no more than $1,000 to receive your bonus bet(s) if it loses.
Bonus bets cannot be withdrawn as cash, but they can be used on any wager. The bonus bets you receive expire after seven days.
BetMGM Promos for Existing Users
In addition to the welcome bonus, BetMGM offers an impressive group of promos that existing players can use that do not require a BetMGM sportsbook promo code. Here are all the promos you can take advantage of:
Current BetMGM Promotions
Five offers are available to existing players at BetMGM, but most are the same offer, just for multiple sports.
- One Game Parlay Insurance: Receive your bet back, up to $25, if you have a 4+ leg parlay lose by one leg. This promo is currently available for the EPL, MLB, NHL, and UCL. The parlay must have odds of at least +400 in order to qualify.
- Referral Program: When you send friends (up to 20) your exclusive BetMGM Sportsbook promo link, you can receive up to $50 in bonus bets for the online sportsbook. To qualify, your friend must sign up using your link and complete the wagering requirements (1x) on their bonus of $50.
Comparing BetMGM sign-up Bonus Offer
Michigan has numerous online sportsbooks, but some stand out more than others.
Examining the welcome offers, BetMGM’s $1,000 bonus bet and the five 20% bets on wagers over $50 help it exceed the value of a welcome bonus like one found at FanDuel.
Compared to PointsBet and DraftKings, it comes down to how you want to enjoy these platforms.
For example, PointsBet offers daily bonus bets, but you can get the same number through BetMGM if you wager $500, lose, and receive five $100 bets back. Similarly, DraftKings has an accessible offer that may be better suited for new players.
Below, we’ll add three of the best online sportsbooks to a table and review important details about their respective welcome bonus for you to compare with BetMGM.
| Sportsbook | Bonus Amount | Minimum Deposit | Expiration of Bets | How Bonus is Awarded |
|---|---|---|---|---|
| PointsBet | $500 | $10 | 24 hours | Using promo code “WELCOME,” you’ll receive a $100 bonus bet for each of the first five days of your account. You must be each $100 bonus bet daily. No opt-in is required. |
| FanDuel | $1000 | $10 | 14 days | Receive a $1,000 No Sweat Bet, meaning a bonus bet if your first wager up to $1,000 loses. |
| DraftKings | $150 | $5 | 7 days | Wager $5 and receive $150 in bonus bets. |
FAQs
Is BetMGM available in my state?
BetMGM is available on desktop and mobile apps (iOS and Android) in the following states: AZ, CO, IL, IN, IA, KS, LA, MD, MI, MS, NV, NJ, NY, OH, PA, TN, VA, DC, WV, WY.
If your state isn’t listed above, BetMGM Sportsbook does not yet operate there.
When can I withdraw my betting bonus from BetMGM?
With bonus bets, you’ll never be able to withdraw them as cash. Instead, you can withdraw the cash winnings the bonus bet produces. For example, if you have a $10 bonus bet and wager on a contest with +100 odds, you’ll be able to withdraw the $10 winnings as opposed to the $20 sum ($10 stake and $10 winnings). As a reminder, no BetMGM sportsbook promo code in MI is required.
Why should I download BetMGM Sportsbook?
BetMGM Sportsbook offers a fantastic mobile app to Michigan bettors. While it’s not required to download the mobile app to play, having the mobile app allows you to wager on anything so long as you’re located within the borders of Michigan.
Does BetMGM have an online casino?
Yes. BetMGM Michigan does have an online casino. New players will receive a 100% deposit bonus worth up to $1,000 and $25 in FREEPLAY credits.
How old do I have to be to redeem the BetMGM bonus?
To wager on games in Michigan, you must be 21 years old.
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