BetMGM, one of the largest sports betting sites across the U.S., offers the choice between two welcome promos in most sports betting states. Some locations, such as New York, are excluded from either offer.
Each promo works differently and has a different BetMGM bonus code so we’ll walk you through each offer and how to qualify.
NYPNEWS1600 — 20% deposit match up to $1,600 in sports bonus
As soon as you make a minimum $10 deposit after setting up a new account, BetMGM will match 20%. There’s no first bet required to earn the sports bonus but you’ll have to meet a few requirements after earning the bonus from your first deposit.
NYPNEWS — Earn up to $1,500 back in bonus bets if your first bet doesn’t win
This works as a typical first bet insurance that is popular among multiple sportsbooks right now. However, it’s actually the highest dollar amount at $1,500 which makes it exceptional for larger first wagers.
As with all of these types of offers, a win doesn’t earn bonus bets but you’ll profit cash just like any other bet. If the bet misses, BetMGM matches the stake with bonus bets to recover the loss.
It’s only on your first bet on the platform so you can’t win your first bet and then lose the second for bonus bets.
| BetMGM Welcome Offer | 20% deposit match up to $1,600 sports bonus |
| BetMGM Bonus Code | NYPNEWS1600 |
| Verified | April 21 |
| Terms & Conditions | 21+. Gambling problem? Call 1-800-GAMBLER. AZ, CO, IA, IL, IN, LA, KS, KY, MA, MD, MI, NC, NJ, OH, PA, TN, VA, WV, WY. Call 877-8-HOPENY or text HOPENY (467369) (NY). Call 1-800-327-5050 (MA). 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Participant must complete the Wagering Requirements and satisfy the (10x) playthrough requirement. Visit BetMGM.com for Terms & Conditions. |
- Click here for the 20% deposit match or use this link for the first bet insurance.
- You’ll use the register button to set up a new account with valid info.
- Next, make at least a $10 deposit for either offer and apply bonus code NYPNEWS1600 or NYPNEWS on the deposit page for the corresponding offer.
- That’s it for the deposit match!
- If you chose the first bet on the house, place a cash bet of any size to be covered.
20% Deposit Match
As long as the deposit is $10 or more, it’s entirely up to you on how much to put in your new account. Let’s say I make a $100 deposit, earning $20 in sports bonus.
First, the $20 in bonus must be used within seven days to fund a wager within BetMGM. Next, BetMGM requires me to place $200 (10 x $20) in total cash bets within 30 days or else I lose any cash winnings I’ve profited in my account.
$1.5K First bet on the house
This offer is easier to navigate and plays out two different ways depending on how your first bet shakes out. With such a high coverage amount, it makes sense to use this bet for a larger wager $500 or more.
Let’s say I place $500 on a +250 same game parlay. Here are the two outcomes of the promo:
21+. Gambling problem? Call 1-800-GAMBLER. AZ, CO, IA, IL, IN, LA, KS, KY, MA, MD, MI, NC, NJ, OH, PA, TN, VA, WV, WY. Call 877-8-HOPENY or text HOPENY (467369) (NY). Call 1-800-327-5050 (MA). 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Visit BetMGM.com for Terms & Conditions. US promotional offers not available in DC, Nevada, New York or Ontario.