BetMGM Review: Online Sportsbook Promos in 2024

talkSPORT

01 January 2024

BetMGM Review: Online Sportsbook Promos in 2024

MGM Resorts International is one of the most well-known gambling companies worldwide. In 2018, it assisted in launching BetMGM, the online version of its infamous sportsbook.

Before BetMGM, Nevada was home to PlayMGM, but after getting together with GVC Holdings to create Roar Digital, BetMGM was born and is now available in more than 20 states online.

BetMGM is one of the top online sports betting platforms in the United States, and we’ll illustrate that below as we review the bonuses and promotions, the betting markets, the registration process, and more.

Online sportsbooks pros and cons

Like any online sportsbook, there will be things where it excels, as well as pitfalls, and we’ll outline those below in a pros and cons list.

Pros

$1,500 bonus bet welcome offer.
Great parlay-building tools, including Easy Parlay and pre-built Same Game Parlay options per game.
Extensive betting markets, including sports and bet types.
Excellent customer support.
Live streaming is available for select events.

Cons

Only a few existing player promotions.
The rewards program could be more casual-player-friendly.

BetMGM Welcome bonus and promotions

A key selling point for online sportsbooks is its welcome offer and promotions available for all players, also known as existing players, after that. Below, we’ll detail each offer.

BetMGM welcome bonus

The welcome offer at BetMGM enables players to receive bonus bets up to $1,500 if their first wager loses on any bet. If your first wager is more than $50, you’ll receive five bonus bets equal to 20% of the value of the stake.

For example, if you wager $25 and lose, you’ll receive a bonus bet back of $25 within 72 hours. However, if the wager is $100 and you lose, you’ll receive five $20 bonus bets.

BetMGM 3-ball challenge

When you play BetMGM’s PGA 3-Ball Challenge free-to-play game, you can climb to the leaderboard based on your results and win bonus bets or the grand prize, which includes a package of four to play golf at TPC Sawgrass and $3,000 in withdrawable bonus funds that can be used for travel, food, and other accommodations.

�� Quick facts about the operator

Casino section available: Yes
Mobile app: Yes (Android, iOS)
Early cashout: Yes
Available payment methods: Credit/debit cards (Visa, Mastercard, AMEX, Discover), PayPal, Venmo, MGM Rewards Mastercard, online banking, VIP Preferred, PayNearMe, in-person cash cage, BetMGM Gift Card, Bank Wire, Play+ Card, GAMEON Gift Card
Operational since: August 2018

��️ Where can you legally bet with BetMGM?

BetMGM ranks among the top online sportsbooks with the most prominent presence and is available online in the following states:

Colorado
Illinois
Indiana
Iowa
Kansas
Louisiana
Maryland
Massachusetts
Michigan
Mississippi
Nevada
New Jersey
New York
Ohio
Tennessee
Virginia
Washington D.C.
Wyoming

What sports can you bet on with BetMGM?

As mentioned, one of the strengths of BetMGM is the number of sports betting markets available. The markets include the following:

Aussie Rules
Baseball
Basketball
Boxing
Cricket
Cycling
Darts
Football
Formula 1
Golf
Handball
Hockey
Lacrosse
MMA
Motorsport
NASCAR
Rugby League
Rugby Union
Snooker
Soccer
Tennis
Volleyball

Creating an account at BetMGM is simple, easy to complete, and takes only about five minutes in total. To ensure this process goes smoothly, we’ll create a step-by-step guide.

Visit the BetMGM site.
Click “Register” in the upper right corner of the page.
Provide your email address.
Create password.
Over the next few steps, provide personal details like your name, date of birth, address, the last four digits of your social security number, and more.
Allow BetMGM to check your location. This is necessary to determine if you’re located within the borders of a legal BetMGM state.
Once this process is complete, you can begin making deposits and playing.

BetMGM sign up

Get up to $1,000 paid back in bonus bets

The above offers are available in the following states at present: AZ, CO, FL, IL, IN, IA, KS, LA, MD, MA, MI, MS, NV, NJ, NY, OH, OR, PA, PR, TN, VA, WA, WV, and WY. 21+ Full T&Cs apply.

�� Does BetMGM have a mobile app?

BetMGM has a mobile app available for iOS and Android users. The app is intuitive, easy to use, and a lag-free experience.

Upon opening the app, you’ll find it’s a lot like the desktop platform, which is something we view highly when reviewing apps. This is important as it eliminates any learning curve from the desktop site to the mobile app.

We admire how compact the betting app is, with a menu for sports, promotions, and a search bar at the top of the app.

The menu along the bottom serves as a navigation hub where you can access the list of sports, the online casino (in available states), promotions, and your account. The account page is essential as this provides links to customer support and deposits/withdrawals, and you can also switch between states if you’re traveling.

�� How to claim your welcome bonus at BetMGM

Claiming the welcome bonus at BetMGM only requires creating an account and depositing at least $10. From here, your first wager will be returned to you as a bonus bet if it loses. No promo code or opting-in is required.

BetMGM sign up

Get up to $1,000 paid back in bonus bets

The above offers are available in the following states at present: AZ, CO, FL, IL, IN, IA, KS, LA, MD, MA, MI, MS, NV, NJ, NY, OH, OR, PA, PR, TN, VA, WA, WV, and WY. 21+ Full T&Cs apply.

�� What payment methods can you use at BetMGM?

While we have a list of the payment methods above, we’ll list them below and provide more details.

Deposit methods

All deposit methods at BetMGM have a minimum deposit of at least $10, except for the bank wire, which has a $1,000 minimum requirement.

Credit/debit cards (Visa, Mastercard, AMEX, Discover)
PayPal: Use your PayPal balance or a linked bank account.
Venmo: Use your Venmo balance or a linked bank account.
MGM Rewards Mastercard: This card you receive from BetMGM after enrolling in the loyalty rewards program.
Online banking: Log into your bank account on the deposit page.
VIP Preferred
PayNearMe: This is an in-person payment method. To start, input the amount you want to deposit on the deposit page. You’ll receive a barcode from here that you must take to a retailer like 7-Eleven, Dollar General, or CVS to complete the process.
In-person cash cage: Visit the retail casino partner of BetMGM and perform transactions in person.
BetMGM Gift Card: Purchase a BetMGM gift card from retailers like 7-Eleven, Dollar General, Circle K, Lowe’s, and more.
Bank wire
GAMEON Gift Card: This is a third-party gift card you can also purchase from retailers.

Withdrawal Methods

In-person cash cage: Visit the retail casino partner in person. Withdrawals could take 10-12 hours.
Check by mail: If you have at least $500 in withdrawable balance, you can request a check to be mailed to you. It could take 7-20 business days, depending on the amount.
VIP Preferred: Takes 2-4 business days.
Play+ Card: Within 24 hours.
Online banking/instant banking: 2-4 business days
PayPal: Within 24 hours.
Visa: Within 24 hours.
Mastercard: 1-3 business days.

What betting markets are available at BetMGM?

There are numerous betting markets available at BetMGM beyond picking the winner and loser of a game.

Moneyline

Wager on which team you think will win the game.

Point spread

The point spread is a number designed to illustrate the gap in power between two teams. The point spread is notated with a “-” or “+.”

The team with a “-” is favored, while the team with a “+” is the underdog.

If a point spread is -2.5, the team you bet on must win by three points or more. If it’s +2.5, the team you bet on must win outright or lose by no more than two points.

For sports like hockey and baseball, the point spread is known as the puck line and run line, respectively.

Totals

Totals allow you to wager on the combined point total in a game with the betting options as “over” and “under.”

Each game will receive a total points line, and you’ll wager whether you think the combined points at the end of the game exceed or fall short of that mark.

Futures

Futures betting allows you to wager on events that will resolve much later. Popular examples of this include championship winners, individual awards, and win totals.

Parlay

A parlay allows you to place multiple contests on one betting ticket. In doing so, you’ll receive enhanced odds as you need each contest on a parlay to win for it to succeed, thus incurring more risk.

For example, if you have a parlay with three moneyline wagers of -160, +220, and -155, the parlay odds are +755.

Same game parlay

Same Game Parlays function the same way as a traditional parlay; only you’ll add events from a single game to a betslip—for example, the moneyline, total, and a prop bet.

Props

In sports betting, there are three types of prop bets, including player, team, and game.

Player: These props focus more on individual statistical performance—for example, total passing yards thrown by a quarterback in a single game.
Game: An example of this includes guessing the correct score or whether a game goes overtime.
Team: This includes a statistical performance by one team, such as wagering on the total points scored by a single squad.

Round robin

Round Robin is a method you can use for parlay wages with three “legs” or more. Round Robin allows you to mix and match your parlay selections and offers the total number of potential betting combinations. The goal with round robin wagers is to place smaller bets on multiple combinations of a parlay to increase the chances of winning more money.

Teaser

Teasers are a betting market not available for all sports but popular with the NFL and NBA parlays. With this betting market, you can adjust the point spread or totals at the cost of betting odds.

A popular example is the “six-point teaser” in the NFL. For instance, if you have a parlay with two games with point spreads of -3.5 and -6.5, you can “tease” them for six points making the point spreads +2.5 and -0.5, respectively. However, the odds go from +264 to -120.

Is Live Betting Available At BetMGM?

Yes. Live betting is available at BetMGM.

This betting market enables you to wager on games as they’re actively happening while offering the same betting markets as seen above. The major difference, however, is that the odds update as the game progresses, so a single play can thoroughly alter betting odds.

BetMGM sign up

Get up to $1,000 paid back in bonus bets

The above offers are available in the following states at present: AZ, CO, FL, IL, IN, IA, KS, LA, MD, MA, MI, MS, NV, NJ, NY, OH, OR, PA, PR, TN, VA, WA, WV, and WY. 21+ Full T&Cs apply.

Are there DFS available at BetMGM?

Daily fantasy sports are not available at BetMGM.

What kind of loyalty program is available at BetMGM?

A loyalty program is available at BetMGM, and it’s called MGM Rewards.

With this program, you’ll earn points to ascend the five available tiers—Sapphire, Pearl, Gold, Platinum, and NOIR.

As you ascend the tiers, you’ll unlock new bonuses such as saving on hotel bookings, increased dining budgets, discounts, and guaranteed reservations.

You’ll earn one point per $1 wagered on the site.

Here are the number of points required per tier:

Sapphire: Up to $19,999 Points
Pearl: 20,000 to 74,999 Points
Gold: 75,000 to 199,999 Points
Platinum: 200,000 Points
Noir: Invite Only

�� How to contact BetMGM customer support

One of the best attributes of BetMGM is its customer support. You’ll have access to an FAQ, live chat, email, and phone support here.

However, what makes this customer support portal stand out is how it’s arranged.

Here, you’ll start by viewing the FAQ. This already expansive section provides answers to various sections of the site, including deposits, withdrawals, account access, and more.

If you cannot have your question answered here, you can reach out to a more direct form of customer support, such as live chat.

We’ve found that, due to how the customer support is set up, we can contact customer service representatives much quicker. They’re ready to assist since the queries they’re fielding are fewer than other online sportsbooks.

Closing thoughts on BetMGM

Overall, BetMGM is one of the premier online sports betting platforms in the United States. While we’d like to see more promotions added for existing players and for the rewards program to be friendlier to casual players, you’ll be playing at a site that offers a large welcome bonus, live streaming for international events, numerous parlay-building tools, and massive betting markets, both in terms of available sports and bet types.

We strongly recommend BetMGM if you’re in one of its 20+ legal online betting states.

Richard Janvrin

Richard Janvrin brings nearly a decade of experience covering sports, sports betting, and everything iGaming. Richard received his bachelor's degree in Journalism/English from the University of New Hampshire. Throughout his career, Richard has written for sites like Bleacher Report, Forbes, The Game Day, WSN, Gambling.com, and many more.