BetMGM Bonus Review
User-friendly mobile app
Over a dozen deposit options
Offers same-game parlays
$1,500 First Bet Offer
Covers BetSmart Rating:
Bonuses & Promotions
Banking & Payout Speed
Key Features
Security & Trust
Customer Support
User Experience
Betting Odds
Payout Speed:
2 days
Deposits & withdrawals
Sign up bonus
$1,500 First Bet Offer
Bonus bets expire in 7 days. One new customer offer per user. Additional terms apply. 21+. Gambling Problem? Call 1-800-GAMBLER.
Why BetMGM?
User-friendly mobile app
Over a dozen deposit options
Offers same-game parlays
Payout Speed:
2 days
Covers BetSmart Rating:
Covers BetSmart Rating:
Deposits & withdrawals
Pros and cons
Based on our hands-on testing of BetMGM, the betting site provides its customers with some of the best sportsbook promos nationwide.
Use our exclusive BetMGM bonus code 'CVRBONUS1500' to activate the offer.
BetMGM sign-up bonus: $1,500 in bonus bets
The latest BetMGM Sportsbook welcome bonus consists of a first bet offer, where you get up to $1,500 paid back in bonus bets if you don't win your first-time wager.
Bonus bets will not appear in your account as a single wager unless you bet under $50. The bonus bets will be broken down into five chunks, with each making up 20% of the qualifying bet amount — up to $1,500.
Be sure to use your bonus bets within seven days (168 hours).
This offer is valid until Sept. 1, 2025.
Remember: Bonus bets are non-withdrawable or transferable. Your stake will not be returned if you win with a bonus amount.
Users in CO, MI, NJ, PA, and WV can claim a "Bet $10, get $150 if you win" offer using code 'COVERSBONUS' during registration.
MGM Rewards
BetMGM recently introduced its loyalty program, MGM Rewards, enabling you to accrue credits and points with each real-money wager. These points seamlessly convert into MGM Rewards points, offering redemption opportunities at MGM Resorts International for accommodations, complimentary dining, discounted hotel stays, and beyond.
In an unprecedented move, BetMGM has teamed up with Marriott Bonvoy, allowing you to earn and exchange reward points across both brands, marking a groundbreaking partnership within the industry.
For users looking to reap the benefits of a well-integrated rewards program, I strongly recommend BetMGM, which now has one of the most competitive offerings available and is one of the best sportsbook rewards program.
BetMGM loyalty bonus
The Money Monday Club awards weekly plays to its active U.S. clients on the betting site. To qualify, simply opt-in from the promotions page and place qualifying wagers.
You can also access this rewards feature when wagering with the BetMGM mobile betting app, which I appreciate. Incentivizing consistent engagement with the platform makes online betting with BetMGM extremely immersive.
BetMGM parlay bonus
The Parlay Plus promotion can reward U.S. bettors for taking bigger risks and adding more legs to their parlay bets. The promotion can increase the payout from a parlay by up to 40%, depending on the number of legs involved in the bet. For U.S. customers to be eligible for this offer, they need to opt in and place a parlay of at least four qualifying selections.
BetMGM referral bonus
You can send a friend an invitation via email, social media, or text, and once they make their first deposit and wager $100 or more, you'll both receive $100 in bonus bets (20 referral maximum).
I like the ease of this offer to have multiple channels available for activation, placing it squarely on our list of the best sportsbook referral bonuses.
Ongoing promotions and bonuses
The sportsbook currently offers U.S. users a $10 casino bonus for the first $10 bet on any futures market. Plus, there is a free $500 daily trivia game that is free to play in which you will receive 10 questions based on sports or pop culture and can win up to $500 cash for getting them correct.
You will also be entered into the weekly leaderboard contest for a chance to win up to $1,000 in additional prizes. Additional ongoing BetMGM promos are outlined below:
| Type of BetMGM Promo Offer | Description of BetMGM Promo Offer |
|---|---|
| Swing for the Fence | Try out BetMGM's new free-to-play game for a chance to win daily prizes, including various boost tokens and up to a $50 bonus bet. All rewards expire 24 hours from issuance, and this promotion is valid until Sept. 4, 2024. |
| Multi-Sport Parlay Boost | Opt-in and receive a boost token to increase the potential payout of your multi-sport parlay wagers by 33%. Terms and conditions apply. |
| MLB® Grand Slam Jackpot | Place a minimum $10 home run player prop on any MLB game between Friday-Sunday during the 2024 regular season to be automatically entered to win up to $50,000 in bonus bets. Terms and conditions apply. |
| 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. |
BetMGM bonus comparison
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| Welcome bonus | $1,500 First Bet Offer | Bet $5, Win $300 | Bet $5, Get $200 + $200 Off NFL Sunday Ticket | Bet $1, Double Winnings on Your Next 20 Bets |
| Promo code | CVRBONUS1500 | Not required | Not required | COVERS20X |
| Bonus type | Second chance bet | Bet and get | Bet and get | Bet and get |
| Bonus form | $1,500 in bonus bets | $300 in bonus bets | 8 $25 bonus bets | 20x 100% profit boosts, each worth up to $2,500 |
| Wagering period | 7 days | 7 days | 7 days | 14 days |
| Min. deposit | $10 | $5 | $5 | $10 |
| Covers BetSmart Bonus Rating | ⭐ 4.8/5 | ⭐ 4.9/5 | ⭐ 4.6/5 | ⭐ 5/5 |
Deposit options
BetMGM Sportsbook supports deposits through a wide range of payment methods, including credit cards — like Visa and Mastercard — Venmo, Apple Pay, and more. The transactions are free, and the money will be available in your account right away.
BetMGM is one of many great PayPal betting sites, but despite a laundry list of banking options, the operator does not support cryptocurrency transactions and is, therefore, not among the top crypto sportsbooks.
| Deposit Method | Fee | Process Time | |
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FREE | Instant | $10 |
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FREE | Instant | $10 |
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Free | instant | $10 |
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Free | instant | $10 |
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FREE | Instant | $10 |
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FREE | Instant | $10 |
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FREE | Instant | $10 |
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FREE | Instant | $10 |
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FREE | Instant | $10 |
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FREE | Instant | $10 |
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FREE | Instant | $10 |
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FREE | Instant | $10 |
Withdrawal options
Is BetMGM the best online sportsbook for payouts? BetMGM makes our list with safe and secure withdrawals, though the speed is on the slow end in relation to its competitors. The security team will typically process requests within two banking days, but it can sometimes take up to three days to get approved.
I would love to see BetMGM pay out within 24 hours, which would significantly improve the standing of the sportsbook.
| Withdrawal Method | Fee | Process Time | |
|---|---|---|---|
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FREE | 2-3 Banking Days | $10 |
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FREE | 2-3 Banking Days | $10 |
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FREE | 2-3 Banking Days | $10 |
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FREE | 2-7 Banking Days | $10 |
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FREE | 3-10 Banking Days | $10 |
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FREE | 2-3 Banking Days | $10 |
With the backing of Entain, BetMGM earned Digital Operator of the Year at the Global Gaming Awards in October 2023. Read on to learn about some of the online sportsbook's standout features:
Live betting
The section is very nicely organized, with hundreds of events available every day for live betting. BetMGM covers matches from local and international leagues to give users plenty of options. Live events generally have loads of markets, and the interface also shows a simple representation of the action and statistics.
Check out our BetMGM vs Caesars page to see how BetMGM's live betting section compares to the competition.
Live streaming
BetMGM offers free live streaming for various matches, including top soccer games, tennis highlights, and much more. The live section has a dedicated tab with all upcoming matches that users can live stream. These games are marked accordingly on the list and can be viewed by any registered bettor.
Same-game parlays
BetMGM makes placing same-game parlays a snap. Users can navigate to a sport, league, or event page of their choosing and then scroll through the available games, where they'll see 'One Game Parlay' visible on eligible events. Once a game or match has been clicked on, users can select the feature from the menu and begin to build their parlay. Same-game parlays have significantly grown in popularity year over year.
Responsible gaming
BetMGM empowers you to set personal limits on deposits and spending. Enable these limits for daily, weekly, or monthly play. If you feel your gambling practices are going in the wrong direction, BetMGM allows its players to take a timeout period for up to 180 days.
Early cash out
The early cash out feature is familiar to most experienced sports bettors. The cash-out feature is available on selected markets and will allow bettors to get their payouts at the current odds at any time.
I appreciate the flexibility to be able to cut my losses or book a win at any given time.
Casino
BetMGM Casino is a premium gaming site available to players in regulated states from the same accounts as the online sportsbook. Here is where you can take your pick from over 500 online casino games, including top slots — like Aristocrat's Buffalo and MGM Grand Millions — live dealer table games, Dual Play Roulette, and so much more. You can also benefit from special bonuses and promotions.
Learn more in our extensive BetMGM Casino review.
Only available in: Michigan, New Jersey, Pennsylvania, and West Virginia.
Poker
It doesn’t come as a surprise to see that BetMGM also offers a poker section. It is powered by GVC Holdings, the company behind the famous PartyPoker cardroom. BetMGM Poker uses the same modern software and gives players a good selection of cash games and daily tournaments with guaranteed prize pools.
BetMGM Horse Racing
BetMGM Horse Racing is a dedicated mobile app that is available only to users in Louisiana, Ohio, and Florida. You will be able to easily bet daily race cards at more than 200 different race tracks.
A great mobile betting app has proven to be a must nowadays, and BetMGM has come prepared. The operator has clearly invested a lot of money into the new mobile betting platform, which is great news for bettors. A slick new look and heightened navigation lend themselves to a vastly improved user experience. The BetMGM Sportsbook app is available for both Android and iOS devices, with the former being a particularly strong offering.
We at Covers highly recommend downloading their app — you won't regret it. The app has an excellent interface that maintains some of the styling touches of the desktop platform. It is perfectly optimized for betting on smartphones, with a full range of markets to choose from.
BetMGM iOS app
Given the two huge brands behind this online sportsbook, it is safe to say that BetMGM is 100 percent legitimate. The site offers regulated real money sports betting options in multiple states and holds local licenses in each one.
Access to the BetMGM sportsbook is available in the following states:
New Jersey (DGE)
Colorado Division of Gaming
Indiana Gaming Commission
Iowa Racing and Gaming Commission
Michigan Gaming Control Board
Pennsylvania Gaming Control Board
Tennessee Sports Wagering Advisory Council
Virginia Lottery
West Virginia Lottery Commission
Arizona Department of Gaming
Nevada Gaming Control Board
Wyoming Gaming Commission
DC Office of Lottery and Gaming
New York State Gaming Commission
Illinois Gaming Board
Kansas Racing and Gaming Commission
Louisiana Gaming Control Board
Maryland Lottery and Gaming
Ohio Casino Control Commission
Massachusetts Gaming Commission
Kentucky Horse Racing Commission
North Carolina Education Lottery
Mississippi Gaming Commission
The operator encourages you to get their answers from the various help center resources found on the site. It has plenty of FAQs and also provides additional information regarding banking, promotions, and more. If you prefer to get in touch with the support team directly, you can opt for live chat or email.
BetMGM recently added an official customer support Twitter account to its roster of supported channels. The page is monitored 24 hours a day and enables customers in any state to live chat with BetMGM representatives.
- Live chat available 24/7
- Email: support.nj@betmgm.com
- Phone: Not available
- Support languages: English
- Twitter: @BetMGMCare
BetMGM takes the best parts from MGM and Entain to give American bettors a secure place where they can bet on over 20 sports. You will not be disappointed with their platform.
Proven platform
BetMGM’s sports betting platform is used by some of the top sportsbooks in Europe. It is easy to navigate, incredibly stable, and packed with all of the popular features American bettors have come to expect.
All betting options in one place
BetMGM has a complete sportsbook covering all major sporting events, locally and internationally. U.S. customers can also access the whole online casino and the dedicated online poker room for even more excitement.
Never miss a beat, even on vacation, as BetMGM has partnered with Carnival Corporation to supply cruise ship passengers with retail and mobile sports betting platforms.
Safe bet
U.S. users can always rely on the fact that BetMGM is secure and keeps their real money funds safe. Customers can deposit through various methods and withdraw their winnings without any issues whenever they wish.
BetMGM review FAQ
Yes, BetMGM is a legit online sports betting website that you can trust. It is licensed in several states and meets all gambling regulations set out by each jurisdiction.
Yes, but only in select states. BetMGM is currently available in Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, New Jersey, New York, Nevada, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming. BetMGM is also live in DC and Puerto Rico.
Yes, you can use our BetMGM bonus code CVRBONUS1500 to receive $1,500 in bonus bets when you first wager loses. Users in MI, NJ, PA, and WV can claim a 'Bet $10, get $150 if you win' offer. Nevada bettors can claim $250 back in bonus bets, while Puerto Rico bettors can claim $100 back in bonus bets.
Yes, the BetMGM Sportsbook app is available for iPhone and Android smartphones. You can download it and start betting within minutes.
No, Bitcoin is not one of the supported banking methods for deposits at BetMGM.
After submitting the needed documentation, you can freely withdraw money from your account through the banking methods used previously to make deposits.
The BetMGM security team will review and approve your withdrawal request within two banking days. You need to allow a few extra days for the funds to reach your bank account.
In the top right corner, you can find the Help & Contact button on the BetMGM site. It will direct you to the most frequently asked questions and the BetMGM contact options if you need more help. The recently launched BetMGM customer support Twitter (@BetMGMSupport) account is monitored 24 hours a day.
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Sign up bonus
Bet $1, Double Winnings on Your Next 20 Bets
New customers only. Must register using eligible promo code. Place a wager of at least $1 and you'll get 20x 100% profit boosts, up to $2,500 each, win or lose. Void where prohibited. See Caesars.com/promos for full terms.
Sign up bonus
Bet $5, Get $200 Win or Lose
Bonus bet amounts not returned with winnings. Min. deposit required. Must register with app only. T&Cs, time limits, and exclusions apply. 21+. Gambling Problem? Call or Text 1-800-GAMBLER. Code is for marketing/tracking purposes.
Exclusive sign up bonus
Bet $5, Win $300
New customers only. Deposit min. $5. Place your first $5 bet and receive $300 if your bet wins.
