Earn between 20% match, or get $1.5K max insurance

BetMGM, one of the largest sports betting sites in the United States, has two welcome promotions to choose from in most sports betting states. Some regions, such as New York, are excluded from both offers.

Each promotion works differently and has different BetMGM bonus codes. Therefore, we will explain each offer and how to qualify.

NYP News 1600 — Up to $1,600 Sports Bonus with 20% Deposit Match

After setting up a new account, BetMGM will match you 20% as soon as you make a minimum deposit of $10. No first wager is required to get a sports bonus, but after you get the bonus on your first deposit, you will need to meet some requirements.

• Sports bonuses must be used as betting funds within the platform within 7 days
• To win cash prizes at BetMGM, you need 10x the bonus wagered in the first 30 days

NYP News — Get up to $1,500 back in bonus bets if your first bet doesn’t win

This acts as the typical first bet insurance that is currently popular at several sportsbooks. However, the maximum amount is actually $1,500, which is exceptional for a high-value first bet.

As with all of these types of offers, you won’t get a bonus bet if you win, but you will get cash just like any other bet. If your bet is off, BetMGM will match your wager with your bonus bet to recoup your losses.

This only applies to your first bet on the platform, so you cannot lose your second bet on a bonus bet after winning your first bet.

Steps to sign up for BetMGM promotions

1. Click here for 20% deposit match or use Click here for the Firstbet Insurance link.
2. Use the register button to set up a new account with valid information.
3. Then apply for one of our offers by making a deposit of at least $10. Bonus code NYPNEWS1600 or NYP News on the deposit page of the corresponding offer.
4. The deposit match is now over!
5. If you choose to place your first bet on the house, place a qualifying cash bet of any size.

How does each BetMGM welcome offer work?

20% deposit match

How much you put into your new account is completely up to you, as long as your deposit is $10 or more. Let’s say you deposit $100 and get a $20 sports bonus.

First, the $20 bonus must be used within 7 days to fund your bets within BetMGM. Next, BetMGM requires you to place a total cash bet of $200 (10 x $20) within 30 days. Otherwise, you will lose any cash winnings you have earned in your account.

$1.5K home first bet

This offer is easy to operate and is played in two different ways depending on the outcome of your initial bet. With such a high compensation amount, it makes sense to use this bet for big bets of $500 or more.

Let’s say you put $500 into the same game parlay at +250. The promotion has two outcomes:

• You won’t get a bonus bet if you win, but you will actually earn cash that you can withdraw or use for another bet. In this case, you make a profit of $1,250 and keep $500 of stock in your account for a total of $1,750.
• A mistake means BetMGM will deposit $500 in several different bonus bet payouts to recover your bet loss

Over 21 years old. Gambling problem? Call 1-800-GAMBLER. Arizona, Colorado, Iowa, Illinois, Indiana, Los Angeles, Kansas, Kentucky, Massachusetts, Maryland, Michigan, North Carolina, New Jersey, Ohio, Pennsylvania, Tennessee, Virginia , West Virginia, and Wyoming. Call 877-8-HOPENY or text HOPENY (467369) (NY). Call 1-800-327-5050 (MA). You can bet on 21+. Please gamble responsibly. For Confidential Support (MI): 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-270-7117 Please call us. See BetMGM.com for terms and conditions. U.S. promotional offers are not available in DC, Nevada, New York, and Ontario.