BetMGM is one of the most well-respected online sportsbooks, primarily due to its exceptional promos for new and existing customers.

BetMGM welcomes new users with a $1,500 first back back as a bonus bet. Take a look at the details of the offer below:

As mentioned, the BetMGM welcome bonus provides as much as $1,500 in bonus bets. The offer is a first bet insurance promo. This allows you to place your first bet, and depending on the outcome, you’ll receive a profit or a bonus.

For example, if you place an initial bet for $1,000 at -110 odds, you would get $909.10 in profit with a win, ending the offer. If the first bet loses, you receive $1,000 in bonus bets equal to your first wager. The most you can earn is $1,500.

The BetMGM welcome bonus is straightforward and works almost identically like other first bet insurance promos in the sports betting industry. 

Sign up for an account, enter the promo code ‘CBSSPORTS’, make a minimum $10 deposit and place your first bet. If you win the bet, you receive the profit, and the offer ends. If you lose the bet, you receive bonus bets equal to your losing stake. The most considerable quantity of bonus bets you can earn with the BetMGM bonus is $1,500.

There is no minimum odds requirement attached to the BetMGM welcome bonus. Your first bet can be placed at whatever odds you want. You can place a longshot NBA bet at +1000 or a short odds moneyline bet at -300. It’s entirely up to you.

All bonus bets you receive with the BetMGM promo are subject to a 1x playthrough requirement. You only have to use the bonus bets once to convert all profit into withdrawable cash value. This only applies if you lose your first bet. If you win it, the offer is negated because your profit is returned as cash value.

When you receive bonus bets at BetMGM, you must use them within seven days or they will expire. These bonus bets work the same way as most, holding zero cash value. They can be viewed as site credit for the most part. When you use them and win a bet, you don’t receive the value back, just the profit.

Signing up for a new account at BetMGM is relatively simple. Follow the steps below, and you should be registered and well on your way to claiming up to $1,500 in bonus bets.

BetMGM excels in promos related to ongoing events, like the NBA Finals, the World Series or even a Grand Slam tennis tournament. Check out some of the most recent offers seen at BetMGM.

BetMGM has historically toyed with different structures for its welcome bonus and did so after its launch in North Carolina. While the bet-and-get offers are not new to BetMGM, it strayed from the first bet insurance promo in NC.

New users in North Carolina received $150 in bonus bets instantly after placing their first bet of $5 or more. This promo could be offered in future state launches.

On top of the welcome bonus and promos related to ongoing events, BetMGM provides its customers with plenty of daily offers. Let’s discuss some of the most popular bonuses at BetMGM.

BetMGM is the product of MGM Resorts International, one of the most prominent gaming and entertainment companies in the world. Online sports bettors can get some great perks with MGM rewards. You can earn value back for every bet you place toward hotel stays, vacations and sports betting bonuses.

BetMGM’s most common bonus type offered to existing customers is the odds boost. Odds boosts do precisely what they sound like they do; they boost your odds. BetMGM might offer a 33% odds boost token, increasing your potential profit.

Another popular bonus type available at BetMGM is bet insurance. This differs slightly from the welcome bonus because it’s typically for much smaller maximum bonuses, but the idea is the same. You can place a bet and get back bonus bets if it loses. This often applies to parlays, especially same game parlays.

BetMGM routinely offers welcome bonuses that lead the industry in customer value. The site’s current offer is no different, providing as much as $1,500 in bonus bets. Multiple competing sites offer a maximum bonus of $1,000, but BetMGM blows that total out of the water.

Check out how the BetMGM sign-up bonus compares to sites like FanDuel, Fanatics Sportsbook and bet365.

BetMGM is one of the longest-standing online sportsbooks in the industry and continues to claim a significant portion of the U.S. gambling market share. The brand attracts new users in part due to its welcome bonus and selection of promotions.

The welcome bonus at BetMGM is one of the best you’ll find, delivering as much as $1,500 in bonus bets with first bet insurance. While this offer won’t last forever, we expect BetMGM to continue offering some of the most significant potential bonuses. You can claim the offer in 22 of BetMGM’s legal states.

BetMGM has also historically done a solid job incorporating promos into ongoing events, like the NFL Playoffs, NBA Finals or any golf major. You can find plenty of odds boosts and bet insurance promos for these events.

The MGM Rewards program is one of the best rewards systems in the sports betting landscape. Because MGM is such a reputable brand with brick-and-mortar locations worldwide, you can rack up points toward excellent prizes like hotel stays, vacations and more. This comes in addition to the welcome bonus and any other promos.

BetMGM Sportsbook is one of our top-ranked sports betting sites, and its promotional value is a big part of that. BetMGM does a great job of welcoming new users and keeping existing users happy with the promotions available. We recommend registering at BetMGM today to get your hands on as much as $1,500 in bonus bets from the start.