BetMGM Promo Code October 2023: Get $1,500 Back in Bonus Bets With Code COVERSBONUS
Use our exclusive BetMGM promo code 'COVERSBONUS' to claim the sportsbook's latest welcome offer.
New BetMGM bettors can access up to $1,500 back in bonus bets — one of the top sportsbook promos available in 2023.
$1,500 in Bonus Bets
BetMGM sign up bonus
The BetMGM promo code 'COVERSBONUS' unlocks up to $1,500 back in bonus bets from BetMGM. Enter the BetMGM Sportsbook promo code 'COVERSBONUS' during the sign-up phase, confirm that you’ve read the terms and conditions, are in a legal betting state, and are at least 21 years of age.
Claim up to $1,500 back in bonus bets
$1,500 back in bonus bets
First-time customers with BetMGM can follow up their initial deposit by making a real money wager on any sports market they wish. If their bet is unsuccessful, the operator will issue a refund equal to the stake that was wagered up to $1,500. Read on to learn how to claim the offer and the terms and conditions attached. There's more: BetMGM promo code is not available in DC, KS, NV, MS, or NY.
Covers Tip: If you bet $50 or more and lose, the BetMGM bonus will be broken down into five separate bonus bets (max. $300), while a losing wager of $49 and under will net you a single bonus bet.
BetMGM promo code terms and conditions
Analyze all of the pertinent BetMGM terms and conditions below to claim the sportsbook's sign-up bonus:
Claim the BetMGM bonus using BetMGM promo code COVERSBONUS.
Make a minimum $10 deposit and wager up to $1,500.
If you lose, you'll receive 100% of your wager back in bonus bets within 24 hours.
A 1x playthrough requirement is required.
Bonus funds can be used on any sports market and are non-transferable or withdrawable.
Bonus bets expire in seven days.
If you win a bet using your bonus balance, your stake will not be returned.
How to claim the BetMGM promo code
Claiming the BetMGM promo code and sign-up bonus may feel tricky to some first-time users, as sportsbook terms and conditions aren't always crystal clear. Let's take a look at the step-by-step process to ensure you lock in your BetMGM welcome bonus.
You can click here to register with BetMGM and use BetMGM promo code COVERSBONUS. This bonus code will add a layer of security to your initial wager. Have your personal information ready before you begin.
Once you've created your new BetMGM account, you will need to deposit some funds. You'll have to put down at least $10 to qualify for the welcome bonus.
Make a wager
Now you're ready to place a bet. You can make your first real money wager on any sport or market you choose. If your bet falls flat, the sportsbook will refund your account with up to $1,500 in bonus bets.
If your wager wins, you simply receive the withdrawable spoils. However, if it loses, you will be given your bonus bets within 24 hours of your bet settling. This bonus amount cannot be withdrawn as real cash and must be used on other wagers with the sportsbook. Notably, BetMGM does not return your stake when using bonus bets.
List of sports you can bet on with BetMGM
BetMGM is a well-respected bookmaker that cultivates its own odds. The operator offers a wide array of sports betting markets, live betting, and live streaming features that make for an immersive experience.
All of the major North American sports leagues are available, including:
Quick facts: BetMGM promo code
|Sign-up bonus||$1,500 in bonus bets|
|BetMGM promo code||COVERSBONUS|
|Eligible bet types||All bet types ✅|
|Eligible states||21 (+ DC and PR)|
|BetMGM mobile app||iOS and Android ✅|
|Last verified||Oct. 4, 2023 ✅|
|Offer expiry||Feb. 11, 2024|
BetMGM in the news
Additional BetMGM promotional offers
BetMGM consistently delivers fresh offers and profit boosts for a multitude of markets, providing users with high betting value opportunities across the board. For example, one offer being featured at the moment is the operator’s ‘Parlay Plus’ promotion. Those who opt in and place a four to seven-leg parlay on any combination of sports or events will receive up to a 40% profit boost on their winning wagers.
Here are some of the other current BetMGM promotions users can jump on:
|Type of BetMGM Promo Offer||Description of BetMGM Promo Offer|
|First-Touchdown Scorer Insurance||Place a prop bet on the first player to score a touchdown in any Thursday night NFL game. If the bet loses, you will receive your wager back in bonus bets, up to $25.|
|EPL One Game Parlay Insurance||Place a one-game parlay with at least four legs on any EPL match, and if exactly one of your legs loses, you will receive your stake back as bonus bets.|
|Parlay Plus||Earn up to 40% more in profits on successful parlays. Opt in and place a four to seven-leg parlay on any combination of sports or events.|
|Refer-A-Friend||Send a friend an invitation via email, social media, or text, and once they make their first deposit and wager $50 or more, you'll both receive $50 in bonus bets (20-referral maximum).|
BetMGM sportsbook review
BetMGM is one of the most highly touted, recognizable legal U.S. betting sites across the sports gambling landscape. Covers has given BetMGM Sportsbook a 4.5/5 rating using our extensive Covers BetSmart Rating. Before releasing its sportsbook to the world, the operator was a well-known entity, and the experience shows. BetMGM is safe and intuitive and boasts a welcome bonus competitive with its top-tier peers.
When it comes to the best sports betting apps in the U.S., BetMGM easily makes the list. Customers can find the app on iOS via the App Store and Android via the Google Play store. The interface is smooth and stylish, integrating the look of the desktop platform, and contains a full range of markets for bettors to choose from.
Additionally, BetMGM’s array of sports and betting options is further buoyed by great odds and consistent bonus offerings. While the operator doesn’t tender as many large sports promotions as some of its competitors, what it does provide is usually worth jumping on.
BetMGM iOS app
BetMGM iOS rating
BetMGM mobile app users with Apple have given an elite 4.8/5 rating.
BetMGM Android rating
The BetMGM sports betting app holds an average rating of 3.6/5 with Android users.
Explore some first-hand accounts of what BetMGM users are saying about the famed sportsbook:
"I love the convenience and ease of use that comes with the BetMGM app. I'm a big fan of BetMGM and recommend to get the BetMGM app for hassle-free gaming. "
- Reddit user
"Bonuses and promotions are good with clear rules and obvious expiration dates, and are easy to apply on a wager. Synchronization with the broader MGM rewards program is seamless and easy to track."
- App store reviewer
BetMGM payment methods
BetMGM customer support
Unlike many of its competitors, BetMGM has a dedicated customer support Twitter account users can reach out to at any time. The operator also boasts a 24/7 live chat on its site and offers an email option.
There is a significantly sized FAQs section on the site as well, which users can visit to learn more about BetMGM promotions, banking information, key features, etc.
All that’s missing from BetMGM’s customer service is phone and multi-language support. For now, service is only provided in English.
- Live chat: 24/7
- Email: email@example.com
- Phone: N/A
- Support languages: English
- Twitter: @BetMGMSupport
Is BetMGM legal?
BetMGM legally operates in 21 states, DC, and Puerto Rico. If you are over 21 years old and located within one of these regions’ borders — excluding DC, Nevada, New York, Mississippi, and Puerto Rico — you’ll be eligible to capitalize on the '$1,500 back in bonus bets' welcome offer.
Those in Bluegrass State can reference our BetMGM Kentucky bonus codes guide for the latest sportsbook promos.
Puerto Rico bettors can now claim $100 back in bonus bets when a first bet settles as a loss.
|State||Sign-up bonus||Launch Date|
$1,500 back in bonus bets
|$1,500 back in bonus bets||May 2020|
|$1,500 back in bonus bets||March 2022|
|$1,500 back in bonus bets||February 2020|
|$1,500 back in bonus bets||January 2021|
|$1,500 back in bonus bets||September 2022|
|$1,500 back in bonus bets||August 2023|
|$1,500 back in bonus bets||January 2022|
|Maryland||$1,500 back in bonus bets||November 2022|
|Massachusetts||$1,500 back in bonus bets||March 2023|
|$1,500 back in bonus bets||Jan. 22, 2021|
|N/A||September 2021 (retail only)|
|$1,500 back in bonus bets||September 2019|
|$1,500 back in bonus bets||January 2023|
|$1,500 back in bonus bets||December 2020|
|$100 back in bonus bets||June 2023|
|$1,500 back in bonus bets||November 2020|
|$1,500 back in bonus bets||January 2021|
|$1,500 back in bonus bets||January 2020|
|$1,500 back in bonus bets||September 2021|
Take a look at our legal tracker to discover where BetMGM Sportsbook may be coming next and for states that allow sports betting.
Recent BetMGM updates
Stay tuned to the latest BetMGM news to keep abreast of all its legal U.S. sports betting market activity.
Sept. 28, 2023: BetMGM officially goes live in the Bluegrass State alongside the launch of legalized online Kentucky sports betting.
Sept. 7, 2023: New users can deposit real money funds with BetMGM before Kentucky sportsbooks come online.
Aug. 30, 2023: BetMGM Kentucky goes live with its pre-launch offer: $100 in bonus bets.
Aug. 29, 2023: BetMGM updates its offer for NFL season to $1,500 in bonus bets.
June 29, 2023: BetMGM announces it will stop running acquisition offers in Kansas, including promotional bonuses.
Feb. 24, 2023: BetMGM pledges to prominently feature responsible gaming messages in its advertising and marketing campaigns to promote the start of Problem Gambling Awareness Month.
Jan. 1, 2023: BetMGM goes live in the Buckeye State with the launch of its Ohio sports betting app.
More sportsbook sign-up bonuses
Discovering which sportsbook is right for you is vital, which means doing your fair share of comparison shopping to ensure you make the best choice.
We've done much of that work for you and compiled multiple guides to help you navigate the sports betting landscape. Dive into some of the best sportsbook sign-up bonuses in 2023 below:
BetMGM promo code FAQ
Yes. BetMGM is authorized and regulated in 21 states, plus DC and Puerto Rico. It is a highly reputable and trustworthy sportsbook.
New users can use BetMGM promo code COVERSBONUS to claim the sportsbook's current welcome offer. Eligible customers can make a first deposit and wager of at least $10 and receive up to $1,500 back in bonus bets should they lose their first wager.
Follow the links above and register with BetMGM. When prompted, add BetMGM promo code COVERSBONUS.
Yes, BetMGM has a referral bonus. If you're already signed up with the sportsbook, you can send a friend an invitation to join BetMGM through email, social media or text. If your friend registers and makes an initial deposit, you’ll both receive a $50 cash referral bonus. You can refer a maximum of 20 friends.
Bonus bets at BetMGM is a form of currency the sportsbook provides its users — typically once they make a deposit. Bettors can generally use bonus bets to wager on whatever they wish, but they cannot simply withdraw it as cash. If you wager $10 via a bonus bet and profit $10, you will have gained $10 you can later cash out.
No. The bonus bets at BetMGM are not withdrawable or transferable. They must be used on future wagers with the sportsbook. Remember, if you win when betting with a bonus bet, your stake is not returned.
The BetMGM welcome bonus works like this: Should you sign up for the sportsbook and make an initial wager that loses, BetMGM will refund that amount up to $1,500 to your account in the form of site credit. The credit can then be used for further wagering.
It generally takes BetMGM two days to review and approve your withdrawal request. You will need to allow a few extra days for the funds to appear in your bank account.
In order to make a withdrawal with BetMGM Sportsbook, click on the 'My Account' button in the top right corner of the page. Continue to the 'Cashier' page. Then select the 'Withdrawal' tab, choose your withdrawal method, enter the amount you wish to cash out, and then tap the 'Withdraw' button.
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Joshua Howe is a sports betting editor at Covers, helping make smarter sports bettors since 2021. The experienced writer and editor has reviewed over 20 sportsbooks and has been placing his own wagers for three years and counting. He prefers FanDuel for its sleek app design and variety of NBA markets.