BetMGM Promo Code December 2023

New users who register and deposit through BetMGM Sportsbook’s website or mobile application, available on iOS and Android, can claim “bonus bets” in the form of site credit.

To claim this first bet offer, users must deposit at least $10 and place any wager through their BetMGM account. If that bet loses, they’ll be eligible for up to $1,500 back in bonus bets. The bonus bet amount is equal to the first wager.

This promotion runs through Feb. 11, 2024.

Best BetMGM Promo Codes December 2023

The best offer from BetMGM for users who have never signed up and deposited on the platform includes $1,500 in bonus bets if their first bet loses.

To claim the offer, new users must create an account with BetMGM, deposit at least $10 and place their first real-money wager on any sport on the platform.

If that bet loses, customers receive bonus bets equal to the amount of the losing bet up to $1,500. Customers can bet on any sporting event to trigger the bonus bets, and there is no odds requirement.

If a losing bet is greater than $50, customers receive five bonus bets equal to 20% of the total amount of the bet, up to $1,500. If the losing bet is less than $50, users receive one bonus bet equal to the original wager.

New users will receive their bonus bets within 24 hours of the bet if it loses. Bonus bets must be used within seven days.

No BetMGM promo code is required for this offer if you sign up through a BetMGM banner on this page.

BetMGM Promo Codes for Existing Users

There are no BetMGM Sportsbook promo codes for existing users who have registered, deposited and played on the platform.

Still, the sportsbook has perks for existing customers. Existing users who “refer a friend” are eligible for a bonus bet up to $100. You can refer up to 20 friends per month.

Once your friend creates a verified account and meets the refer-a-friend requirements, both of you will receive the bonus.

Additionally, all users receive weekly “odds boosts” and “same-game parlay insurance,” among other regular promotions.

How to Claim BetMGM First Bet Bonus

To claim the new user offer:

First, download the BetMGM Sportsbook app through a link or banner on this page.

From there, follow these simple steps:

• Deposit at least $10 into your BetMGM account with an approved payment option, which includes Visa, MasterCard, Discover, American Express, PayPal, Apple Pay, PayNearMe and ACH Transfer.
• Place any bet live on the BetMGM platform. If that bet loses, users are eligible for up to $1,500 in bonus bets.

How to Place a Bet On BetMGM

Betting on BetMGM Sportsbook is straightforward. To place a wager, find the game or event you want to bet on and select it in the app or website. That bet will be added to a “betslip,” where users enter the amount they want to wager before clicking “submit” to lock in that wager.

One of the most popular types of bets at BetMGM is a parlay, which allows bettors to combine multiple bets into one large wager with a much higher potential payout. That said, parlays also carry much higher risk, as each leg of a parlay needs to win for the wager to cash.

While parlays can be fun and carry more upside, they are also typically lower-value bets because of the risk involved. We recommend making straight bets – including wagers on the moneyline, spread, over/under or prop bets on a game or player – to maximize value on any given bet.