BetMGM $1500 Bonus Code: Best Promo Guide 2026

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What Is the Bonus Code for BetMGM $1,500?

The current BetMGM bonus code for the $1,500 First Bet Offer is BROAD1500, which works in most states as of June 2026. When you sign up for a new account and enter this code, you get up to $1,500 back in bonus bets if your first wager loses. This offer also includes an extra $50 in BetMGM Rewards Points, making it one of the best welcome bonuses available for new sports bettors.

To claim this bonus, you need to deposit at least $10 and place a first bet of at least $10. For example, if you bet $100 on a game and your bet loses, BetMGM will give you $100 back in bonus bets. If you bet the full $1,500 and lose, you’ll receive the maximum $1,500 in bonus bets. The bonus bets are equal to your lost stake, so your risk is limited while still giving you a chance to win real money.

The bonus code you need may change based on where you live. In most states like Virginia, Colorado, Illinois, and New Jersey, use BROAD1500. However, if you’re in Michigan, you should use BROAD150 instead for a different offer that says “Bet $10, Get $150 in Bonus Bets If You Win.” Other valid codes include ROTOBRP1500 for the same $1,500 offer, FOXSPORTS for the legacy version, and COVERS50 which also gives you $50 in Rewards Points along with the $1,500 bonus.

You can claim this bonus by downloading the BetMGM mobile app or visiting their website to start your registration. During sign-up, enter BROAD1500 in the promo code field, then deposit using options like debit card, PayPal, Venmo, Apple Pay, or online bank transfer. After you place your first bet with the safety net token applied, if it loses, your bonus bets will appear in your account within 24 hours. The token is valid for 7 days after you register, and once you get bonus bets, they expire 7 days later.

This $1,500 offer is especially popular because it protects your first bet while giving you a large amount of bonus money to keep playing. New users in states like Virginia, where many crypto traders and sports fans live, can take advantage of this deal to test out BetMGM without worrying about losing their initial deposit. The bonus bets can be used on any sport or game, and if you win with them, you keep the winnings as real cash that you can withdraw or bet again.

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