Yes, BetMGM gives bonus money to both new and existing players. New sportsbook customers can get up to $1,500 in bonus bets if their first bet loses, while new casino players can receive $25 to $50 in bonus cash plus a 100% deposit match up to $1,000 or $2,500 depending on their state. These bonuses are not cash you can withdraw immediately, but any winnings you make from using them become real money you can cash out.

For BetMGM Sportsbook, the main welcome offer gives you up to $1,500 paid back in bonus bets when your first bet loses. For example, if you deposit $10 and bet $100 on a team, and that bet loses, BetMGM credits you with $100 in bonus bets. If your first bet was $500 and it lost, you’d get $500 in bonus bets. Each bonus bet equals the amount you wagered, and you can use it on one straight bet or one parlay.

Bonus bets from BetMGM expire 7 days after they are credited, so you need to use them quickly. For instance, if BetMGM gives you five $20 bonus bets on March 1, you must use them by March 8. The bonus bet stake itself is not returned when you win, but your winnings are real money. If you use a $20 bonus bet on a parlay that wins $80, you get $80 in withdrawable cash, not the original $20.

In some states like New Jersey, BetMGM offers a different welcome deal: bet $10 and get $150 in bonus bets if your first bet wins. For example, if you bet $10 on the Chiefs to win and they do, you instantly receive $150 in bonus bets divided into smaller credits. This offer is great for players who want quick bonus money without risking a large first bet.

BetMGM Casino also offers welcome bonuses for new players. In New Jersey, Michigan, and Pennsylvania, you get $25 in bonus cash plus a 100% deposit match up to $1,000. For example, if you deposit $500, BetMGM adds another $500 in bonus funds, giving you $1,025 total to play with ($25 bonus + $500 deposit + $500 match). In West Virginia, the offer is even better: $50 bonus cash, 100% match up to $2,500, plus 50 bonus spins on slot games.

To unlock the casino welcome bonus, you need to use the bonus code BETMGMCASINOBONUS when signing up. You also must deposit at least $10 to activate the offer. After you verify your account, the bonus is available immediately. For example, if you sign up on June 12, deposit $100, and enter the code, you instantly get $25 bonus cash plus $100 in matched funds to play slots, poker, or live dealer games.

BetMGM also rewards existing players with bonus money through several promotions. The Refer-a-Friend program gives you $100 for every friend you refer who signs up and plays, and you can refer up to 20 friends per month for a total of $2,000 monthly. If you refer three friends in June, you get $300 in bonus cash. Same Game Parlay Insurance lets you earn bonus bets when your parlay nearly hits, like when one leg almost wins but falls just short.

During major events like the World Cup, BetMGM runs special promos with huge bonus pools. For the 2026 World Cup, they are sharing $500,000 in bonus bets among customers who bet on U.S. matches. If you bet $50 on the U.S. team to win and they do, you might earn $50 in bonus bets as part of this promotion. These limited-time offers add extra value beyond the standard welcome bonuses.

Always check the terms and conditions before claiming any BetMGM bonus. Bonus funds usually require wagering requirements, meaning you must bet the bonus amount a certain number of times before withdrawing winnings. For example, if you get $100 in casino bonus with a 1x wagering requirement, you need to bet $100 total before cashing out. Reading these rules helps you avoid surprises and use your bonus money wisely.

In short, BetMGM is one of the most generous betting sites for bonus money, offering up to $1,500 in sports bonus bets and up to $2,550 plus 50 bonus spins in casino bonuses for new players. Whether you bet on sports or play casino games, there are multiple ways to earn bonus funds through welcome offers, referral programs, and event promotions. The key is understanding that bonus money itself isn withdrawable, but winnings from it are real cash you can take out.

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