BetMGM Sportsbook Bonus Code & Sportsbook Review 2023

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BetMGM is one of the biggest operators in the US, and it is aggressively expanding into states that legalize sports betting. The company’s revenue is expected to surpass $1 billion by the end of 2022, and it consistently ranks in the United States’ top three most popular sports betting apps.

BetMGM offers a reliable app, lucrative promotions, and some of the best special features in sports betting, including 40% parlay profit boosts and integrated live streaming.

And that’s on top of a $1,000 risk-free bet for new members.

Competitive odds
Strong App
$1,000 Risk-Free Bet

BetMGM Sportsbook is available in most states with legal online sports betting. While it first became available in New Jersey in 2018 to offer in-person betting at Borgata in Atlantic City and online sports betting across the state, it’s now also licensed in:

It’s also the odd major sportsbook brand out that hasn’t launched in Illinois yet. It’s a market curiosity that bettors should watch to be rectified.

New Player Bonuses At BetMGM Online Sportsbook

  • Get up to a $1,000 risk-free bet after you sign up for a new account with the promo code SHARP: CLAIM HERE
  • If your bet loses, you will receive your refund in free bets within 24 hours of the bet’s settlement. The free bets must be used within seven days of receipt.
BetMGM Sportsbook Promo CodeSHARP
BetMGM Sportsbook Risk-Free Bet$1,000
Terms And Conditions Available?Yes
BetMGM Sportsbook: Available StatesAZ, CO, IN, IL, IA, MI, NJ, NV, PA, TN, WV, VA, DC, WY
Compatible With Apple + Android Devices?Yes
Promo Code Last TestedJanuary 2023

BetMGM Promo Code Comparison

BetMGM Online Sportsbook offers a competitive $1,000 risk-free first bet bonus for first-time customers. 

BetMGM Sportsbook is right up there among the best. FanDuel has the same offer with a $1,000 risk-free bet, but the terms and conditions are slightly different. At BetMGM, a lost bet is refunded as free bets in 20% increments unless it’s $49 or less. At FanDuel, a lost bet is refunded in site credits, which is a bit better in terms of betting freedom.

But PointsBet offers two risk-free bets up to $2,000, which doubles BetMGM’s offer. Finally, DraftKings matches your first deposit by 20% up to $1,000 while BetRivers matches first deposits by 100% up to $250. Some bettors prefer deposit bonuses to risk-free bets. So, there’s some strategy to leveraging a welcome bonus. 

BetMGM Vs. FanDuel & DraftKings

BetMGM Sportsbook’s odds and market depth are similar to FanDuel and DraftKings. These three titans of online sports betting compete for bettors in the markets they enter together. Sharp bettors that shop around for the best odds join all three and many others.

Not only does BetMGM have great odds, but it also offers some of the most exciting promotions. The Parlay Plus deal boosts parlay profits up to 40%. Other deals include parlay insurance, big odds boosters, and free-to-play pick’em prize pool tournaments.

Plus, BetMGM has exclusive offers in partnership with other major brands. For example, BetMGM has partnered Buffalo Wild Wings and Yahoo! Sports. The sportsbook often leverages these partnerships to offer daily and weekly odds boosts and specials for bettors.

BetMGM also offers state-specific deals. For example, BetMGM Michigan offered Detroit Lions merchandise for placing certain bets during the 2021-22 NFL Season. BetMGM engages local fans too, making it a premier sportsbook for avid sports fans and bettors.

Where BetMGM Online Sportsbook Gets It Right

All-In-One Gambling App

BetMGM Sportsbook took some tips from its partner in Borgata Casino and added online casino games to the app and website. BetMGM Poker is also available in select states.

In addition to traditional games like blackjack, poker, and roulette, BetMGM has live dealer games for a true casino atmosphere. There are also plenty of video slots and other interesting games that bettors can try their luck at.

Huge Variety Of Sports Betting Options

BetMGM offers betting markets on most sports, including niche sports. Even during the coronavirus shutdown in the United States, players were able to bet on Taiwanese baseball and Russian ping pong. Bettors will also find a near-endless list of soccer leagues to bet on. Sports like rugby and cricket are accounted for, too.  

User-Friendly App And Website

The mobile app and website are very simple and easy to navigate. The snazzy neon-colored schemes and accessible menus make BetMGM pop compared to other sportsbook apps.

At the top left-hand side of the mobile app and website, you’ll find all of the sports listed that you can bet on. In addition, there is an “A-Z” menu at the bottom of the list on the left-hand side. 

So, bettors can find their way around an app that looks and feels great.

Where BetMGM Online Sportsbook Can Improve

When looking at BetMGM Sportsbook, there aren’t a lot of things it could be doing differently for customers. The sportsbook really does have it all, including a near-perfect App Store rating. It also has the most online casino games in Michigan out of all online casinos in the state. Still, it could improve in one key area: the uniqueness of sportsbook promotions.

Unique Sportsbook Promotions

BetMGM Sportsbook offers a consistent selection of bonus offers that almost exclusively cover parlay betting. If you don’t place parlay wagers, you’ll be hard-pressed to find deals you enjoy. A greater variety of promotions would take the platform up a notch, especially if those promotions focused on single-bet wagers.

Deposit Options

The following deposit methods are available at BetMGM in most states:

  • Credit card: MasterCard, Visa, AmEx (not available in Iowa)
  • Debit Card
  • PayPal
  • Skrill
  • Online Bank Transfer
  • PayNearMe
  • BetMGM Play+ Card
  • Cash at partnering casino’s cashier

We do not recommend using a credit card for depositing at an online sportsbook. The deposit is usually considered cash, which means you’re charged cash advance fees and APR. PayPal is a more reliable and less expensive deposit method.

    Withdrawal Options

    BetMGM offers the following cashout methods in most states:

    • PayPal
    • Skrill
    • Online Bank Transfer
    • BetMGM Play+ Card
    • Check by mail (high minimums)
    • Cash at partnering casino’s cashier

    Bettors should prepare to wait 3-10 business days depending on the withdrawal method they’d like to use. Sportsbooks often approve withdrawals manually behind the scenes. That means bettors will have to prepare to wait to cash out.

    Who Will Enjoy BetMGM Online Sportsbook?

    BetMGM Sportsbook will appeal to many bettors. Both newcomers and veteran gamblers will find much to enjoy, from the massive selection of sports and bets to the generous ongoing promotions. This is the perfect online sportsbook for bettors who place parlays, even if they’re only two legs.

    The BetMGM rewards program (iRewards) can be connected to the MGM Resorts M Life Rewards program. That means you can earn loyalty points by betting both online and in person. MGM has properties in Las Vegas, Atlantic City, and many other locations across the US, including MGM National Harbor in the DC area, MGM Grand Detroit in Michigan, and MGM Springfield in Massachusetts.

    Finally, BetMGM is in most states with online betting. While a platform like PointsBet or Barstool Sportsbook may appeal to you more, there’s a decent chance it’s not licensed in your state. BetMGM is even licensed in areas with a limited selection of sportsbook apps, like Wyoming, Mississippi, and Washington, DC.

    About the Author

    Mike Epifani

    Mike Epifani (shown here at Caesars Palace Las Vegas) is an experienced online gambling writer who specializes in online casinos and sports betting sites. From the nuances of bonus offers to winning strategies and beyond, his insights have helped countless remote bettors keep more of their money while having fun and staying safe.