BetMGM Review: Up To $1,500 In Bonus Bets – December 2024

Why BetMGM?

• User-friendly mobile app
• Strong welcome offer
• Frequent promotions and odds boosts
• Rewards program
• Extensive market depth
• Widely available

Pros

• Intuitive mobile app
• Generous welcome offer
• Frequent promos for existing users
• Rewards program for loyal customers
• Extensive betting selection
• Competitive odds
• Unique “Edit My Bet” feature

Cons

• Mobile app feels clunky
• Not available in every state

Our Verdict

Owned by Entain plc and MGM Resorts International, BetMGM is one of North America’s most established online gambling and betting platforms. BetMGM offers different products, including casino, poker and sportsbook.

The sportsbook’s layout is sleek and organized, allowing players to navigate between sports and events smoothly. One particular aspect of this sportsbook is that it has several menus with the same information, namely the listings of the covered betting markets. These features ensure players can always find what they’re looking for, regardless of where they are on the website.

Likewise, the user experience on the BetMGM Sportsbook mobile app is equally good. Bettors have access to all the same features with the bonus of being able to bet wherever they are.

Another excellent characteristic of BetMGM is the live betting tool that allows players to place their bets while the sporting event is still happening. This feature also contains a live streaming section where bettors can watch the event and live statistics about the match.

BetMGM’s promotional offer is also highly competitive, granting players the chance to win free bets and boosted odds. Overall, this sportsbook ticks all the necessary boxes to be considered one of the leading in the industry.

Category	Description
Offer	Get up to $1,500 in bonus bets if your first wager loses
Promo Code	FORBES
Requirements	New users only, 21+ and in eligible state
Eligible Bet Types	All bet types
Availability	AZ, CO, DC, IA, IL, IN, KS, KY, LA, MD, MA, MI, MS, NV, NJ, NY, NC, OH, PA, PR, TN, VA, WV, WY
Offer Expires	Feb. 10, 2025
Apple Store Score	4.8/5
Google Play Store Score	4.3/5
Date Verified	Nov. 26, 2024
Claim Bonus

BetMGM Sportsbook offers all newly registered players up to $1,500 in bonus bets if their first wager loses when they use the promo code FORBES.

The promotion is straightforward. If you have never deposited and bet with BetMGM, you’ll get your first wager back in bonus bets (up to $1,500) if it loses. There are no odds restrictions for the bet. Furthermore, there is no bet type restriction.

To claim this promotion, you must create a new account through the sportsbook website or mobile app and make an eligible deposit of at least $10.

Do I Need a Promo Code for BetMGM?

Yes, you need to use the promo code FORBES to claim the BetMGM welcome bonus.

Other promotions may also require players to use a promo code. The sportsbook will indicate the code on the promotion’s terms and conditions in those cases.

Compared to other popular sportsbooks, BetMGM has one of the best welcome offers in the industry.

Promo Terms & Conditions

Players who wish to claim the BetMGM Sportsbook sign-up bonus must meet the wagering requirements. To claim the promotion, prospective players have to register a new player account and make a minimum deposit of $10.

The next step is to place a wager on any sport. If it loses, you’ll receive the same amount in bonus bets up to $1,500.

The bonus bets are available for seven days and can be used on any market. Should the player not use their bonus bets within that time frame, the sportsbook will forfeit them.

• Website: sports.betmgm.com
• Year established: July 2018
• Available in: US, Canada
• Services: Sportsbook, Casino and Poker
• Payment options: MasterCard, Visa, Discover, American Express, PayPal, Online Banking, Apple Pay, MGM Rewards Mastercard, VIP Preferred, PayNearMe, BetMGM Gift Card, Play+, Bank Wire Transfer, GAMEON Card
• Customer service: Live chat, email, FAQ

BetMGM received gambling licenses to operate in the states where it is live. As such, the sportsbook must keep up with the strict requirements of gambling regulatory bodies. These requirements guarantee that all the players’ personal and banking data are safe and that the platform is fair.

However, online betting sites, including BetMGM, are known to restrict the wager amount for some bets for bettors who win too often or too much. This dynamic makes it very difficult to make money at sports betting.

Live Betting
Live betting is an essential feature at any sportsbook, and BetMGM has a great in-game betting section located at the top left of the screen. You can quickly view markets for games in progress along with updated odds.

Live Streaming
Many sportsbooks now offer live streaming for select sporting events, including BetMGM While live streaming is not offered for every sport or match, it can be a fun way to keep up with the action and track your bets.

Build Parlay Tool
With its “Build Parlay” feature, BetMGM makes it easy to build a same-game parlay for any event using relevant markets and prop bets.

Early Cash Out
Like many sportsbooks, BetMGM gives you the option to cash out a wager either before the event starts or once it’s in progress. This allows you to potentially guarantee some winnings or limit your losses depending on how your bet is going.

Edit Mt Bet
With its unique “Edit My Bet” feature, BetMGM gives bettors the option to adjust certain wagers if they change their mind (before the bets settle, of course).

Rewards Program
BetMGM boasts an impressive rewards program that includes perks like VIP trips to MGM resorts and casinos.

Quick Deposits and Withdrawals
Depositing and withdrawing money at BetMGM is quick and easy, as the site offers several convenient ways to easily move your money into and out of your betting account.

Quick Bet Grading
BetMGM grades bets quickly compared to other betting sites, allowing you to quickly withdraw your winnings or wager them on something else.

• App Store Rating: 4.8 Stars, 219K ratings
• Google Play Store Rating: 4.4 Stars, 31K ratings

With its celebrity-driven advertising campaign, BetMGM has set a high bar for itself. Fortunately, its customers appear satisfied with the mobile app based on its strong ratings.

Reviewers praised BetMGM’s app in several areas, including its layout, rewards, daily odds boosts and promotions. Some described issues with customer service and occasional app glitches, however.

Overall, BetMGM’s app is busy but still relatively easy to use. The interface makes finding and placing bets easy, although the app isn’t quite as strong as the one at FanDuel or DraftKings.

BetMGM Sportsbook is currently legal and live in the following states:

• Arizona
• Colorado
• Illinois
• Indiana
• Iowa
• Kansas
• Kentucky
• Louisiana
• Massachusetts
• Maryland
• Michigan
• Mississippi
• Nevada
• New Jersey
• New York
• North Carolina
• Ohio
• Pennsylvania
• Puerto Rico
• Tennessee
• Virginia
• Washington, D.C.
• West Virginia
• Wyoming

Since BetMGM Sportsbook is a licensed platform, players can place their wagers using real money. Due to this, the sportsbook will also pay any winnings in real money.

Note: Even though some promotional offers indicate a monetary amount, these bonuses are paid in bet credits. Players can’t withdraw bonus funds as real money without meeting the terms and conditions.

It’s also important to note that sports betting should be considered a form of entertainment, not a means to earn money. Betting on sports can quickly become addictive. If you ever feel like you need to control your gambling habits, please resort to BetMGM’s Responsible Gaming page by clicking on the “Responsible Gaming” button at the bottom of the website.

Since BetMGM Sportsbook is exceptionally user-friendly, you don’t need to be a sports betting expert to make the most out of the platform. Nevertheless, regardless of expertise, everyone needs to create a player account before placing any bet on this sportsbook.

Registering an account is simple. You need to follow one of the links in this review to be redirected to BetMGM Sportsbook and click on “Register” on the top right corner of the screen. You’ll need to fill in a form, and once the sportsbook verifies your account, you can start betting.

We recommend you start your sports betting journey by depositing funds into your account. This process will allow you to benefit from promotional offers and placing wagers on your favorite sports and teams.

The complete list of sports is available on the left side of the screen, with additional buttons linking to the same sports sections on the top menu. Once you select the sport you want to bet on, you can pick your wager, the amount you wish to bet, and place your stake. Any wager you make at BetMGM Sportsbook will be available on the Bet Slip, located on the right side of the screen.

If you want to learn more about the betting rules, responsible gaming, promotions, or payment methods, please refer to the menus on the top and bottom of the sportsbook.

• Moneyline: Betting on the team that will win the game outright.
• Spread: The spread is a point differential that represents the projected margin of victory for a game.
• Totals: Also known as Over/Under, this is a wager on the total number of points scored in the contest.
• Props: With prop bets, you have game or single-player bets. These are “micro-events” that take place within a game. Some popular examples include the Gatorade color at the end of a Super Bowl, a quarterback’s total passing yards or an MLB player’s total hits in a game.
• Parlay: To bet a parlay, you’ll need to add multiple bets (also known as “legs”) to a single betting ticket. To win, you need all your selections to win. With this added risk, parlay betting odds are higher than wagering on the contests separately.
• Futures: Wagers on events happening in the future such as Super Bowl winner, Cy Young winner or NBA MVP.
• Round Robin: A more advanced wager, a round robin takes a group of three or more legs and creates a certain number of smaller parlay combinations.
• Teasers: This allows you to manipulate the spread while sacrificing some betting line value. In the NFL, a common teaser would be surrendering six points on a point spread or totals wager and adding it to the other side. For example, if one spread is -4 and the other is +2, it would become +2 and +8, respectively.

BetMGM Sportsbook allows players to pick from a long list of payment methods for deposits and withdrawals. The processing times for any transaction vary according to the selected method, and the same happens with the minimum and maximum limits.

BetMGM Deposit Methods

• Google Pay: Deposits are processed instantly.
• Venmo: The player’s funds will be available within 10-20 seconds.
• Amex: Deposits through American Express are available within two minutes.
• MasterCard: The transaction is instant.
• MGM Rewards Mastercard: Funds will become available instantly.
• PayNearMe: Players should request the code on the sportsbook’s cashier page. Deposits take up to 15 minutes.
• BetMGM Gift Card: Deposits are instant, and each gift card includes a $10 deposit bonus available for 30 days.
• VIP Preferred: Player deposits are immediate.
• Bank Wire Transfer: Transactions may take up to 48 hours.
• Apple Pay: Deposits through this method are immediate.
• VISA: Deposited funds may take up to two minutes to become available.
• Discover: Transactions usually take two minutes.
• GAMEON Card: Funds will be available within two minutes.

BetMGM Withdrawal Methods

• Visa: Transactions usually take up to five hours.
• PayPal: The sportsbook processes withdrawals within 24 hours.
• VIP Preferred: Withdrawals may take between three and seven business days.
• Online Banking: Processing times vary between one and three business days. The minimum withdrawal limit is $10, and there is a maximum limit of $25,000.
• Instant Banking: Withdrawals may take up to two business days.
• Play+ PrepaidCard: Transaction will be complete within six hours from the request.
• Cash at Cage (available for NJ, MI and MS): Players can request a withdrawal at the Borgata Cage.
• Check by Mail: The minimum withdrawal limit is $50, and the maximum is $50,000. It may take 7-20 business days.
• Venmo: Available for withdrawals for players who deposited through this method in the previous six months.
• Google Pay: Withdrawal of funds is immediate.
• VIP Preferred: Requests are complete between 24-48 hours.

The customer support team at BetMGM Sportsbook is available 24/7 via live chat. Players may also email the support agents for assistance.

The contact details of the customer support team are available on the Help Center, which players can access through their Account section.

The Help Center offers detailed information about the crucial aspects of the sportsbook, allowing players to find step-by-step guides on how to quickly solve basic queries.

BetMGM offers a well-rounded betting platform that includes casino and poker. For the time being, these products are only available in four U.S. states and one Canadian province.

The operator calls its other products simply BetMGM Casino and BetMGM Poker.

BetMGM Casino States

• Michigan
• New Jersey
• Pennsylvania
• West Virginia

BetMGM is a legitimate sports betting site with millions of customers. It is licensed to legally operate in the following states:

• Arizona
• Colorado
• Washington, D.C.
• Illinois
• Indiana
• Kansas
• Kentucky
• Louisiana
• Maryland
• Massachusetts
• Michigan
• Mississippi
• Nevada
• North Carolina
• New Jersey
• New York
• Ohio
• Pennsylvania
• Puerto Rico
• Tennessee
• Virginia
• West Virginia
• Wyoming

Make sure to always bet responsibly. Set and stick to a budget, and never bet more than you can afford to lose. Bet for fun on sports you know and don’t chase your losses.

You must be of a legal sports betting age and physically present in a legal sports betting state to wager.

If you feel that you may have a gambling problem or addiction, help and resources are available. You can seek help for you or someone you know by calling 1-800-GAMBLER.