BetMGM Sportsbook Review: Best BetMGM Offers for 2023

The US Sun

18 July 2023

BetMGM Sportsbook Review: Best BetMGM Offers for 2023

BETMGM is a prominent online gambling platform that has garnered immense popularity since its inception in 2018. Founded as a joint venture between MGM Resorts International and GVC Holdings, BetMGM rapidly established itself as a leading player in the competitive world of online betting and gaming.

Some of the most notable features of the BetMGM sportsbook include its comprehensive and diverse range of offerings. This includes a wide array of available professional leagues to an extensive selection of casino games, such as slots, table games, and live deal options. BetMGM has a user-friendly interface, secure transactions, a reputation for excellent customer service, and competitive sign-up bonuses. In this article we will dive into a detailed BetMGM review, exploring its key features, availability, customer service, mobile compatibility, and overall user experience.

Top BetMGM offers for US players

BetMGM welcome offer

BetMGM offers a welcome bonus where you get up to $1,000 paid back in bonus bets if you don’t win your first-time wager. You must create an account and wager at least $10 in order to be eligible. It should be noted that customers do not need a BetMGM promo code to claim this offer. The bonus bets will appear in your account as a single water unless you bet under $50. They will then be broken down into five chunks which each make up 20% of the qualifying bet amount. Bonus bets are non-withdrawable or transferable but if you win with the bonus bets the money is then deposited into your account.

BetMGM special bet offers

BetMGM offers a parlay plus promotion which rewards users for taking bigger risks and increasing the payout. The promotion can increase the payout from a parlay by up to 40% depending on the number of legs involved. In order to be eligible for this offer, you must opt in and place parlay of at least four qualifying selections.

BetMGM sports-specific offers

In addition to their regular promotions, BetMGM offers a variety of sports-specific offers. These should be monitored regularly to keep an eye on the best potential value. While BetMGM primarily focuses on new user bonuses and parlay insurance, occasional sport-specific offers pop up on the app on the promotions page.

What we liked about BetMGM

BetMGM has a sleek navigation system and widespread available options to wager. This includes sports betting, online casino games, poker, and more. Its user-friendly interface makes navigating the platform easy and its layout makes quick bet placement possible. There are competitive odds compared to other sportsbooks and its excellent customer service is regarded as the best in the industry. They offer a number of different ways to get assistance including live chat, email, and phone. BetMGM is also known for its strong financial security which employs advanced encryption technology to protect user information and ensure a safe transaction.

Excellent navigation and layout
24/7 customer support
Live streaming available in-app and on the website

What to look out for with BetMGM

While the pros outweigh the cons with BetMGM, there are still things to watch out for when using the platform. At times the amount of information on the screen can be distracting and make it difficult to navigate. The promotions are also typically only available for a short amount of time so you can miss out on them if you do not regularly check. In general, there tends to be fewer promotions available compared to other sportsbooks. There also is a wide range in what the available betting is depending on location, so the user experience could be very different on a state-to-state basis.

Is it legal to play at BetMGM in the US?

It is legal to use BetMGM in the US although its availability varies from state to state. With two huge brands backing BetMGM, it is 100% legitimate and follows all rules and regulations necessary from a legal standpoint.

Which states is BetMGM legal to play and sign up at?

BetMGM is licensed and available in:

This list is only expected to grow as legislative changes continue to be made across the country on a state-by-state basis.

A closer look at BetMGM: Full review

While the availability and usage factors are some of the biggest topics of conversation regarding a sportsbook, here is a more detailed look at how BetMGM sportsbook operates.

How to join BetMGM - step by step

Visit the BetMGM website or Download the App
Click on “Sign Up” or “Register” on the homepage which is located at the top right corner. Select this and begin the registration process.
Provide personal information: Fill out the registration form with all of the required information which includes your full name, date of birth, email address, phone number, and home address.
Create a username and password: Create your own unique username and password for your BetMGM account. Ensure this is something memorable and a secure combination of letters, numbers, and symbols.
Set preferences and confirm: Select any preferences or options offered during the registration process such as marketing communications and account settings. You then must read and accept the terms and conditions as well as the privacy policy.
Complete the verification process: You must verify your identity and age to ensure you are complying with legal and regulatory requirements. This involves submitting identification documents such as a copy of your driver’s license or passport.
Fund your account: Once the account is created and verified, you can deposit funds in your account through the deposit section. You can choose through the available payment methods for what works for you with the options including credit/debit cards, e-wallets, and bank transfers.
Start betting: Once the account is fully set up and funded you can search through the available sports betting, casino games, and other gambling activities. Select your desired bets and place wagers responsibly.

How to claim the BetMGM welcome offer

BetMGM offers all newly registered players a Risk-Free Bet of up to $1,00 without needing a promo code. To claim this you must create a new account through the website or app and make an eligible deposit of at least $10.

The next step is to place a wager and wait for it to settle. If the wager wins you will win the money but if it loses, the sportsbook will refund you the same amount as the original wager in the form of Free Bet credits up to $1,000. If the first bet loses and is worth more than $50, the sportsbook will credit five free bets into your account for 20% of what the loss was. The free bets are available for seven days and will be forfeited if not used in time.

BetMGM deposit and cash-out options

When it comes to funding your account, BetMGM provides a number of options for both deposits and withdrawals.

Deposits:

Credit/debit cards: BetMGM accepts major credit and debit cards such as Visa, Mastercard, and Discover.
Bank transfers: You can initiate a direct bank transfer which allows you to transfer funds securely from your bank account to your betting account.
E-wallets: BetMGM accepts popular e-wallet services such as PayPal, Skrill, and Venmo.

Withdrawals:

E-wallets: You can withdraw funds from your BetMGM account directly to your e-wallet.
Bank transfers: Withdrawals can be processed via bank transfer where your winnings are transferred directly from BetMGM to your bank account.
Check by mail: BetMGM also offers the option to receive a physical check by mail which you can then deposit into your bank account.

There have been some criticisms of the length of time it takes for cash outs on BetMGM. Generally, it takes 2-3 days with some ways taking as many as 10 days. Certain methods also have associated fees and processing time and some deposit and withdrawal methods vary depending on location.

Which sports can I bet on at BetMGM?

BetMGM offers a wide range of sports to bet on, covering both popular and niche sports. While the exact sports available may depend on your location and other specific offerings, here are a few commonly offered sports.

You can explore the complete range of sports available for betting by visiting the BetMGM website or mobile app.

Which bet types can I make at BetMGM?

Moneyline or straight bet: BetMGM offers straightforward bets which predict the specific outcome of a match or event. This includes moneyline bets for who wins this game and spreads for the difference in the score. The game totals or over/unders can also be included in this which means the combined scoring total of the two teams.
Parlay bets: Parlays involve a singular bet composed of two or more wagers that must all be correct for the bet to be successful. The odds for parlay bets act differently than other types of wagers and BetMGM offers regular parlay boosts.
Prop bets: Proposition bets, or prop bets, focus on specific events or occurrences within a game or match. These are a wide-ranging arrow of bets including a team’s total points, a player’s stats, or other unique scenarios.
Futures bets: Futures bets are long-term wagers based on outcomes that will be determined at a later date. Some of the most common examples of this include which team will win the championship, total number of wins, or which player will win MVP.
Live betting: Live betting allows you to place bets on a game that has already started. This allows you to take advantage of changing odds during an event. BetMGM offers a variety of live options for leagues everywhere to allow you to be a part of the action in any game you are watching.

Does BetMGM have a casino section?

BetMGM does offer a casino section that includes slots, live dealer games, and over 500 total games. As of now, it is only available on mobile apps in Michigan, New Jersey, Pennsylvania, and West Virginia.

Can I download the BetMGM iOS and Android mobile app?

Yes, you can download the BetMGM mobile app for both iOS and Android devices. This provides a more convenient and user-friendly way to access the platform’s sports betting, online casino, and other gambling services although the app’s availability is also limited based on location.

How is BetMGM regulated?

BetMGM is regulated through licenses issued by various reputable regulatory bodies and gaming commissions. The specific regulations and licenses held by BetMGM vary depending on the jurisdiction in which it operates. Each state and jurisdiction have its own licenses and operate under the set requirements. This ensures a safe and fair gambling environment for its users responsible for gambling initiatives, secure financial transactions, and fair gaming practices.

What’s the legal age to play at BetMGM?

The legal age to play at BetMGM varies depending on the jurisdiction in which you are located. In the United States, the minimum age is 21 years old however in some international locations, the minimum age is 18.

Can I play DFS at BetMGM?

Yes, BetMGM offers daily fantasy sports (DFS) as part of its services. This involves participants building virtual teams of real professional athletes and competing against each other based on the statistical performance of those athletes in their actual games. This also varies due to location, but BetMGM has made a recent effort to roll out DFS where it is legal.

Do I have to pay taxes on any winnings at BetMGM?

In the United States gambling winnings are generally considered taxable income and must be reported to the Internal Revenue Service (IRS). This applies to all sportsbooks with BetMGM being included in this. If your net gambling winnings meet certain thresholds, BetMGM may issue you a Form W-2G, which reports the amount of winning and is used for tax reporting purposes. It is important to consult a tax professional or accountant who is knowledgeable about gambling and online gambling taxation when declaring earnings.

BetMGM customer support options

The effective customer service support at BetMGM is one of the most impressive parts of the app. Some of the most common customer supports channels at BetMGM are:

Live chat: BetMGM offers a live chat feature on their website and mobile app which allows users to connect with a customer support representative in real-time.
: You can reach out to BetMGM’s customer support team via email. This address is available on the website where you can submit your inquiry or concern.
FAQ and help center: For issues that do not directly require the help of a representative, you can check in the frequently asked question section. These resources provide information, instructions, and answers to commonly encountered issues.

It should be noted that there is no phone support provided by BetMGM but the track record of customer service is impressive.

BetMGM final roundup

As one of the bigger sportsbooks in the gambling space, there is a lot to like about BetMGM. While they may lack some of the available promotions and odds boosts that are seen on other books, its strong record for customer service and safe transactions still make it appealing. BetMGM is backed by some of the biggest figures in the industry and has competitive odds, a user-friendly interface, and wide-ranging available bets. Each person has different priorities for what makes their sports gambling experience the best, but BetMGM is a safe and effective sportsbook that you should feel confident in having an enjoyable experience using.