Claim up to $1,500 in bonus bets when you join BetMGM with the promo code FORBES1500. By Tyler Maher , Mo Egger Editor , Contributor

Fact Checked

Brian Pempus Editor Published: Sep 5, 2024, 11:00am - Frequently Asked Questions (FAQ)

{{ tocState.toggleTocShowMore ? ‘Show more’ : ‘Show less’ }}| Category | Description | |—|—| | Offer | Get up to $1,500 in bonus bets if your first wager loses | | Promo Code | FORBES1500 | | Requirements | New users only, 21+ and in eligible state | | Eligible Bet Types | All bet types | | Availability | Arizona, Colorado, Iowa, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Puerto Rico, Tennessee, Virginia, Washington DC, West Virginia, Wyoming | | Offer Expires | Feb. 10, 2025 | | Apple Store Score | 4.8/5 | | Google Play Store Score | 4.4/5 | | Bet now | 21+ Gambling Problem? Call 1-800-GAMBLER | | Date Verified | Sept. 4, 2024 |

Best BetMGM Promo Codes

BetMGM Promo Codes for New Users

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

To claim the offer, new users must create an account with BetMGM using the code FORBES1500, deposit at least $10 and place their first real-money wager on any sport on the platform.

Sign up through a BetMGM link or banner on this page.

BetMGM Promo Code Terms and Conditions

If your wager loses, they’ll receive the same amount in bonus bets, up to $1,500. If your wager wins, they’ll receive their winnings in cash and will not get any bonus bets.

Bonus bets must be used within seven days and cannot be withdrawn or transferred.

If your losing bet is $50 or less, you’ll receive one bonus bet of that amount. If it’s more than $50, your bonus will be broken down into five bonus bets.

For example, if your first wager is $40 and loses, you’ll get one $40 bonus bet. If it’s $100, you’ll receive five $20 bonus bets.

Offer valid through Feb. 10, 2025.

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, you both will receive the bonus.

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

Our Verdict

With a maximum bonus bet of $1,500, BetMGM has one of the largest welcome offers in the industry. This gives new bettors a chance to win some serious coin with their first wager, especially if they bet on a market with plus odds.

It’s a great intro to the sportsbook, which is one of the best around and is available in many legal sports betting states. From market depth and daily promos to rewards and an intuitive interface, BetMGM has it all.

Accordingly, we recommend signing up for BetMGM and taking advantage of its sign-up bonus.

How to Claim BetMGM Bonus

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

From there, follow these simple steps:

• Sign up with your name and other required personal information.
• Enter the promo code FORBES1500.
• 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 a bet on any market on the BetMGM platform.
• If your first wager loses, you’ll receive the same amount back in bonus bets up to $1,500.
• Bonus bets valid for seven days.

Who is BetMGM’s Welcome Offer For / Eligibility Requirements

BetMGM’s welcome offer is for new customers only. If you have already set up an account with BetMGM and claimed one of its welcome offers in the past (even if it was a different offer), you aren’t eligible for this one.

You also must be of legal betting age (typically 21+) and physically located in a state where a) sports betting is legal, and b) BetMGM is operational. See below for the states where BetMGM is accessible:

• Arizona
• Colorado
• Illinois
• Indiana
• Iowa
• Kansas
• Kentucky
• Louisiana
• Maryland
• Michigan
• Nevada
• New Jersey
• New York
• Ohio
• Oregon
• Pennsylvania
• Tennessee
• Virginia
• Washington, D.C.
• West Virginia
• Wyoming
• Ontario (Canada)

If you’re not located in one of those states, are below the legal betting age or have already signed up for BetMGM before, you aren’t eligible for this promotion.

BetMGM Deposit Methods

There are several ways you can deposit money into your BetMGM account, all of which are safe, quick and convenient.

• Credit/Debit Card
• Online Banking
• Apple Pay
• PayPal
• ACH eCheck
• PayNearMe
• Play+ Prepaid Card
• Wire Transfer
• Venmo

How to 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.

What Sports Can You Bet on at BetMGM?

BetMGM has a wide selection of sports you can wager on, including the following:

• Archery
• Athletics
• Aussie Rules
• Badminton
• Baseball
• Basketball
• Beach Volleyball
• Biathlon
• Boxing
• Canoeing
• Cricket
• Cycling
• Darts
• Entertainment
• Fencing
• Field Hockey
• Football
• Golf
• Handball
• Hockey
• Lacrosse
• MMA
• Motorsports
• Olympics
• Rowing
• Rugby League
• Rugby Union
• Sailing
• Shooting
• Snooker
• Soccer
• Swimming
• Table Tennis
• Tennis
• Volleyball
• Water Polo
• Weightlifting

What We Like and Don’t Like at BetMGM

BetMGM is a great sportsbook with lots of pros, but we’ve found a few cons as well. Here are some of the things we like and don’t like about it.

Pros

• Great market depth, especially prop bets
• Generous welcome offer
• User-friendly app
• Frequent promotions
• Good selection of deposit and withdrawal options
• “Edit Your Bet” feature
• Widely available

Cons

• App can be a bit clunky, not as smooth as others

What To Look For in a Sports Betting Bonus

Here are some things to look out for when considering a sportsbook promotion.

• Bonus Type: Most new-user bonuses either give you bonus bets for wagering a small amount or provide a bonus bet if your first wager loses. BetMGM’s offer is the second kind, since you only get a bonus bet if your first wager loses.
• Eligibility: Many promotions are only available to new customers who haven’t signed up for that sportsbook in the past, and there are usually age and state requirements as well. BetMGM’s offer is only for first-time customers who are of the legal gambling age in a state where BetMGM operates.
• Wagering Requirements: To qualify for a promotion, your first wager may need to meet certain criteria. It may need to be over a specific amount and odds threshold. BetMGM only requires that your first wager is made with real money (not a bonus bet).
• Minimum Odds: A qualifying bet may have a minimum odds requirement to prevent customers from betting on heavy favorites (i.e., -200 or longer). BetMGM’s offer does not have a minimum odds requirement.
• Validity Period: The length of time a bonus is valid for. BetMGM’s bonus bets are valid for seven days, after which they expire and are removed from your account.
• Maximum Win/Bonus Cap: Some bonuses cap the amount of money you can win with them to protect sportsbooks from losing too much money. BetMGM’s offer does not have a maximum win amount on its bonus bets.
• Bet Type Restrictions: Some promotions only allow certain bet types to be eligible for a promotion or prevent you from using your bonus on certain betting markets. For BetMGM’s offer, any bet type is valid for your first wager and bonus bets can be used on any market.

How We Evaluate Betting Promotions

While we don’t have a formal rating for sports betting promotional offers, we only write about consumer-friendly signup offers regarding the following criteria.

• Size of offer: Sports betting signup bonuses range from $100 to $1,500. The size is important, but it depends on the type of the offer. Regardless of size, a sports betting signup offer can give you some cushion for your first betting experience. Remember, these offers are one-time deals.
• Offer format: Most sportsbooks offer a so-called “bet & get” offer, where if you make a wager, you will receive so-called bonus bets. These wagers are in the form of site credit. Sometimes, your bet must win to claim the site credit. Other sportsbooks will offer a so-called free bet where you can get a refund in the form of site credit if your first wager loses. Both have their advantages.
• Time to receive site credit: It’s better if you receive your site credit immediately rather than having to wait 2-3 days. This can be relevant to your betting experience. However, all sportsbooks issue site credits in a timely manner.
• Odds requirement: It’s always better if the promotion doesn’t stipulate a minimum or maximum odds for your qualifying wager.

Some sportsbook signup offers are slightly better than others, but you can claim one new user offer at each sportsbook. You should claim each site’s offer if you want to try out multiple sports betting sites.

Responsible Gambling

Make sure to always bet responsibly. Set and stick to a budget, and never bet more than you can afford to lose. Bet for fun on sports you know and don’t chase your losses.

You must be of a legal sports betting age and physically present in a legal sports betting state to wager.

If you feel that you may have a gambling problem or addiction, help and resources are available. You can seek help for you or someone you know by calling 1-800-GAMBLER.

Photo by G Fiume/Getty Images

How do I get free money on BetMGM?

The only way to get “free money” on BetMGM is by referring a friend to sign up for a new account. If they sign up using your special referral code, you’ll both get $50 in bonus bets.

BetMGM does not offer “free money” to new users, as you only get a bonus bet if your first wager loses.

What states is BetMGM legal in?

You can claim BetMGM Sportsbook’s bonus in the following states:

• Arizona
• Colorado
• Illinois
• Indiana
• Iowa
• Kansas
• Kentucky
• Louisiana
• Maryland
• Michigan
• Nevada
• New Jersey
• New York
• Ohio
• Oregon
• Pennsylvania
• Tennessee
• Virginia
• Washington, D.C.
• West Virginia
• Wyoming
• Ontario (Canada)

How old do you have to be to use BetMGM?

The legal sports betting age varies by state, but it’s either 18 or 21 in most states. Check your state’s law to make sure you’re old enough to join BetMGM, as you won’t be allowed to sign up if you’re below the legal betting age in your state.

Is BetMGM legit?

Yes, BetMGM is legit. It’s available in numerous states, has been operational for years and has millions of customers.

Does BetMGM have an app?

Yes, BetMGM has an app. You can download it to your mobile device through the Apple Store or Google Play Store.

What is the BetMGM promo code?

The BetMGM promo code is FORBES1500. Make sure to enter this promo code when you sign up to claim your welcome bonus.

What do you get with the BetMGM promo code?

With BetMGM’s promo code, you’ll get up to $1,500 in bonus bets if your first wager loses after you sign up. The amount of your bonus is equal to the amount of your first wager if it loses.

If your wager wins, however, you’ll get your winnings in cash but won’t receive a bonus.

How long do BetMGM bonus funds take to arrive?

Your BetMGM bonus funds will arrive after your first wager settles as a loss, typically within 24 to 72 hours.

How does the BetMGM promo work?

Sign up for a new BetMGM account, deposit $10+ and bet on anything you want. Make sure to use the promo code FORBES1500 when signing up.

If your first bet loses, you’ll receive the same amount in bonus bets up to $1,500.

If your first bet wins, you’ll get your winnings in cash but won’t receive any bonus bets.

The only way to get “free money” on BetMGM is by referring a friend to sign up for a new account. If they sign up using your special referral code, you’ll both get $50 in bonus bets.

BetMGM does not offer “free money” to new users, as you only get a bonus bet if your first wager loses.

You can claim BetMGM Sportsbook’s bonus in the following states:

• Arizona
• Colorado
• Illinois
• Indiana
• Iowa
• Kansas
• Kentucky
• Louisiana
• Maryland
• Michigan
• Nevada
• New Jersey
• New York
• Ohio
• Oregon
• Pennsylvania
• Tennessee
• Virginia
• Washington, D.C.
• West Virginia
• Wyoming
• Ontario (Canada)

The legal sports betting age varies by state, but it’s either 18 or 21 in most states. Check your state’s law to make sure you’re old enough to join BetMGM, as you won’t be allowed to sign up if you’re below the legal betting age in your state.

Yes, BetMGM is legit. It’s available in numerous states, has been operational for years and has millions of customers.

Yes, BetMGM has an app. You can download it to your mobile device through the Apple Store or Google Play Store.

The BetMGM promo code is FORBES1500. Make sure to enter this promo code when you sign up to claim your welcome bonus.

With BetMGM’s promo code, you’ll get up to $1,500 in bonus bets if your first wager loses after you sign up. The amount of your bonus is equal to the amount of your first wager if it loses.

If your wager wins, however, you’ll get your winnings in cash but won’t receive a bonus.

Your BetMGM bonus funds will arrive after your first wager settles as a loss, typically within 24 to 72 hours.

Sign up for a new BetMGM account, deposit $10+ and bet on anything you want. Make sure to use the promo code FORBES1500 when signing up.

If your first bet loses, you’ll receive the same amount in bonus bets up to $1,500.

If your first bet wins, you’ll get your winnings in cash but won’t receive any bonus bets.

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