BetMGM Promo Code: Up To $1,500 In Bonus Bets

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Up To $1,500 In Bonus Bets
If Your First Bet Loses

Validated on: December 22, 2024

Claim bonus

21+ only. First Bet Offer for new customers only. Min. first deposit of $10. Subject to eligibility requirements. Rewards are non-withdrawable bonus bets that expire in 7 days. Bonus bets amount equals lost stake up to $1500. Must be physically located in NC, NJ, IN, WV, DC, CO, PA, MI, IA, AZ, LA, TN, IL, VA, MD, MS, WY, MA, KS, OH, or KY. Void where prohibited. In partnership with Kansas Crossing Casino and Hotel. See BetMGM.com for Terms. US promotional offers not available in Mississippi, New York, Nevada, Ontario, or Puerto Rico. Please Gamble Responsibly. Call 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). Data & text rates may apply. Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA).

Validated on: December 22, 2024

BetMGM Sportsbook promos & bonuses

BetMGM promo code ‘CBSSPORTS’ offers new users a great sign-up bonus of $1,500 back as a bonus bet that new users can use to bet on Week 15 games or other event of your choice.

BetMGM bonus code & welcome offer

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

Up To $1,500 In Bonus Bets If Your First Bet Loses

  • BetMGM promo code
    CBSSPORTS
  • Minimum deposit required
    $10
  • Playthrough requirements
    1x
  • States available
    AZ, CO, IL, IN, IA, KS, LA, MD, MA, MI, MS, NJ, NC, OH, PA, TN, DC, WV, WY
  • Promo note
    While BetMGM does operate in New York, the welcome bonus is not available
  • Deposit methods
    Cash at casino cage, credit card, debit card, eCheck, online banking, PayNearMe, PayPal, Play+, Skrill
Up To $1,500 In Bonus Bets
If Your First Bet Loses
Promo Code
CBSSPORTS
Copied!
Claim bonus 21+ only. First Bet Offer for new customers only. Min. first deposit of $10. Subject to eligibility requirements. Rewards are non-withdrawable bonus bets that expire in 7 days. Bonus bets amount equals lost stake up to $1500. Must be physically located in NC, NJ, IN, WV, DC, CO, PA, MI, IA, AZ, LA, TN, IL, VA, MD, MS, WY, MA, KS, OH, or KY. Void where prohibited. In partnership with Kansas Crossing Casino and Hotel. See BetMGM.com for Terms. US promotional offers not available in Mississippi, New York, Nevada, Ontario, or Puerto Rico. Please Gamble Responsibly. Call 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). Data & text rates may apply. Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA).
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Explaining the BetMGM welcome bonus

As mentioned, the BetMGM welcome bonus provides as much as $1,500 in bonus bets. The offer is a first bet insurance promo, which 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.

BetMGM bonus: Terms & conditions

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.

Promos available at BetMGM today

BetMGM updates its ‘Promotions’ page each and every day, allowing returning customers to take advantage of multiple offers on a day-to-day basis. Check out today’s promos below: 

NBA Cup Odds Boost Token

Sink your next shot with an NBA Cup Odds Boost Token. Use this token on any NBA Cup wager and you’ll get a bigger payout if you win.

NHL Goal Scorer Boost Token

Activate your NHL Goal Scorer Boost token today. If you win your wager, you’ll collect extra winnings in unrestricted Bonus Dollars.

Pro Football No Sweat Token

Take the field with a Pro Football No Sweat Token. If you don’t win your wager, you’ll get your stake back in Bonus Bets.

Get a Second Chance on First TD Bets

With BetMGM’s Pro Football Second Chance promotion, you’ll get your stake back if your First TD Scorer pick finds the end zone for the second score of the game.

EPL 2 Up Early Payout

Avoid last-minute penalties and win your wager instantly if your team takes a 2-goal lead.

Other promos & rewards programs at BetMGM

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.

MGM Rewards

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.

Odds boosts

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.

Bet insurance

Another popular bonus feature 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 Legal States

How do I register and claim the BetMGM bonus?

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.

  1. Head to the BetMGM mobile app or desktop site.
  2. Register for a new account at BetMGM, create a username and password, supply the last four digits of your SSN, and permit the site to check your location. Don’t forget to enter the promo code ‘CBSSPORTS’.
  3. Agree to the terms and conditions of BetMGM Sportsbook.
  4. Make your first deposit of $10 or more.
  5. Place your first bet.
  6. If the bet loses, you will receive bonus bets equal to the loss (up to $1,500). If it wins, you can claim the profit.
Up To $1,500 In Bonus Bets
If Your First Bet Loses

Validated on: December 22, 2024

Claim bonus

21+ only. First Bet Offer for new customers only. Min. first deposit of $10. Subject to eligibility requirements. Rewards are non-withdrawable bonus bets that expire in 7 days. Bonus bets amount equals lost stake up to $1500. Must be physically located in NC, NJ, IN, WV, DC, CO, PA, MI, IA, AZ, LA, TN, IL, VA, MD, MS, WY, MA, KS, OH, or KY. Void where prohibited. In partnership with Kansas Crossing Casino and Hotel. See BetMGM.com for Terms. US promotional offers not available in Mississippi, New York, Nevada, Ontario, or Puerto Rico. Please Gamble Responsibly. Call 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). Data & text rates may apply. Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA).

Validated on: December 22, 2024

Comparing the BetMGM bonus to other sportsbooks

BetMGM routinely offers welcome bonuses that lead the industry in customer value, making it one of the best sportsbook promos available.. 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.

SportsbookPromo codeBonus typeBonus detailsMinimum depositRating
BetMGM Sportsbook PromoCBSSPORTSFirst bet insuranceUp to $1,500 back in bonus bets if your first bet loses$104.6/5
FanDuel Sportsbook PromoNo codeBet and getBet $5, get $150 in bonus bets if your bet wins$54.7/5
Caesars Sportsbook PromoCBSDYWProfit boostBet $1, Double Your Winnings Your Next 10 Bets$104.9/5
DraftKings Sportsbook PromoNo codeBet and getBet $5, get $200 in bonus bets instantly$54.6/5
bet365 Sportsbook PromoCBSBET365Bet and getBet $5, get $150 in bonus bets$104.5/5
BetRivers Sportsbook PromoSPORTSSecond chance betSecond chance bet up to $500$104.5/5
Fanatics Sportsbook PromoNo codeBonus betsBet and get up to $1,000 in No Sweat Bets$54.2/5
ESPN BET Sportsbook  PromoNo codeFirst bet insuranceUp to $1,000 in bonus bets if your first bet loses$104.6/5
Borgata Sportsbook  PromoCBSSPORTSBet and getBet $20 or more and get $100 in bonus bets$104.1/5

Get to know BetMGM Sportsbook

BetMGM refers to itself as “The King of Sportsbooks”, and it’s unquestionably one of the premier sports betting sites in America

At BetMGM, customers are well taken care of with promotional offers. You already know about the First Bet Insurance Up to $1,500 in Bonus Bets welcome offer, but there is much more. Odds and profit boosts, as well as bonus bets, are all prevalent at BetMGM. Not only that, but the sportsbook features a top-tier rewards program.

Looking for the key features that are expected in this day and age? BetMGM has you covered. You will be able to stream events live, place bets while games are in progress, cash out wagers early, and navigate a top-notch mobile app at BetMGM.

BetMGM supplies its bettors with tons of betting markets and bet types as well. Their niche markets include cricket, darts, handball, Snooker, table tennis, and volleyball, among others. 

Payment methods

BetMGM provides a long list of options for handling deposits and withdrawals. Transactions process rapidly and all of the available methods are secure. View below:

Deposit options

Deposit optionsProcessing speedMin. Deposit
Debit/CreditInstant$10
Online banking via TrustlyInstant$10
VIP ACH transferInstant$10
PayPalInstant$10
VenmoInstant$10
Play+Instant$10
PayNearMeInstant$10
MGM Rewards MastercardInstant$10
BetMGM gift card (TAPPP)Instant$0.01
GAMEON cardInstant$10
Wire transferWithin 48 hours$25

Withdrawal options

Withdrawal optionProcessing speedMin. Withdrawal
Debit (Visa, Mastercard)Within 24 hours (Visa), 1-3 banking days (Mastercard)$10
Online banking via Trustly2-4 banking days$10
Instant transfer2-4 banking days$10
PayPalWithin 24 hours$10
Apple Pay1-3 banking days$10
VenmoWithin 24 hours$10
Play+Within 24 hours$10
VIP ACH transfer2-4 banking days$10
Check by mail7-20 banking days$500

Responsible gambling

BetMGM utilizes a registered trademark of British Columbia Lottery Corporation known as GameSense to promote safe and responsible gambling practices. 

If you click the ‘Responsible Gaming’ icon located next to the BetMGM logo at the top-left of the page, you will be taken to a very in-depth problem gambling section of the site. 

There, you can view all kinds of resources, most notably under the ‘State Resources’ tab.

Reviewing all BetMGM promos & bonuses

BetMGM is one of the longest-standing online sportsbooks in the industry and continues to claim a significant portion of the U.S. sports betting 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.

Up To $1,500 In Bonus Bets
If Your First Bet Loses

Validated on: December 22, 2024

Claim bonus

21+ only. First Bet Offer for new customers only. Min. first deposit of $10. Subject to eligibility requirements. Rewards are non-withdrawable bonus bets that expire in 7 days. Bonus bets amount equals lost stake up to $1500. Must be physically located in NC, NJ, IN, WV, DC, CO, PA, MI, IA, AZ, LA, TN, IL, VA, MD, MS, WY, MA, KS, OH, or KY. Void where prohibited. In partnership with Kansas Crossing Casino and Hotel. See BetMGM.com for Terms. US promotional offers not available in Mississippi, New York, Nevada, Ontario, or Puerto Rico. Please Gamble Responsibly. Call 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). Data & text rates may apply. Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA).

Validated on: December 22, 2024

FAQ

What is the promo code for new users at BetMGM?

You will need to enter promo code ‘CBSSPORTS’ when prompted to do so during the registration process to claim the current welcome bonus from BetMGM.

Is a promo code necessary for BetMGM promotions?

You only need a promo code to claim the BetMGM welcome bonus. Other promotions only require you to opt-in; no promo code is necessary.

How does the BetMGM welcome bonus work?

BetMGM Sportsbook is giving new customers who register with promo code ‘CBSSPORTS’ the chance to get up to $1,500 back in bonus bets if their initial cash wager loses.

Can I convert BetMGM bonus credits into cash?

Bonus bets gained from BetMGM Sportsbook cannot be turned into withdrawable cash. So, if you win a wager at BetMGM using bonus bets, the stake will be removed from the payout.

Are there bonus offers for same game parlays on BetMGM?

Yes. BetMGM frequently posts promotional offers for same game parlays.

How often does BetMGM offer new promotions and bonuses?

Daily. You can log into your BetMGM account each day and navigate to the ‘Promotions’ page to locate the day’s promotions and bonuses.

Can I combine multiple BetMGM promotions?

No, only one BetMGM promotion can be benefited from at one time. Promotional offerings at BetMGM cannot be combined with one another.

Are there any referral bonuses available on BetMGM?

Yes, you can earn a $100 bonus for each friend that you refer to BetMGM. Your referral must satisfy the wagering requirements and play through their sign-up bonus within 30 days of activating their account for you to receive your $100 bonus.

Does BetMGM offer loyalty or VIP programs with additional bonuses?

Yes, in the form of the MGM Rewards program. Place bets to earn Tier Credits that can be redeemed to enjoy benefits at BetMGM and MGM Rewards destinations. There is also a Rewards Store where you can spend your Rewards Points.

Are there current promotions for online casinos on BetMGM?

Certainly. BetMGM divides their promotional offerings by platform (sportsbook, online casino, and poker). Check the ‘Casino’ portion of the ‘Promotions’ page to see what offers are available.