BetMGM bonus code NYPNEWS1600: 20% deposit match or $1.5K insurance on Tuesday

Readers can now choose between two BetMGM bonus code introductory offers with the corresponding bonus code. Both offers start with a new account and a minimum $10 deposit before wagering across the mobile app.

Here are your two options across all BetMGM sports betting states. Meanwhile, some locations such as New York, are excluded from both welcome promos.

  • NYPNEWS1600: 20% deposit match up to $1,600 with 10x rollover (meaning you must bet 10x your bonus amount in your first 30 days).
  • NYPNEWS in most states: Max $1,500 first bet insurance
  • NYPNEWS in North Carolina: Bet $5, get $150 bonus bets

BetMGM bonus code: NYPNEWS1600

This bonus code activates a 20% deposit match up to $1,600 in sports bonus. You’ll need at least a $10 deposit to trigger the bonus — $2 in bonus for a $10 deposit, $20 bonus for a $100 deposit and so on up to the maximum $1,600 in bonus.

You’ll notice this offer doesn’t require an initial bet to earn any bonus. However, BetMGM has a wagering requirement once you earn the sports bonus.

Make sure to wager 10x the bonus in total cash bets within 30 days. That frees up any cash winnings in your account for withdrawal.

BetMGM bonus code: NYPNEWS

Alternatively, this promo is a first bet insurance up to $1,500. Unlike the first offer mentioned, this requires a $10 deposit and a cash bet to get started.

The outcome of your first bet dictates how the promo plays out. A win profits cash or a miss is covered by BetMGM bonus bets up to the maximum $1,500.

This is currently the largest first bet insurance you’ll find among top sports betting sites.

Can I bet The Masters on BetMGM?

Yes, BetMGM already features markets for The Masters, which begins on Thursday. Perhaps the biggest market to choose before the tournament begins is the futures market on an outright winner.

If you get in early on a winner, you can pick a favorite such as Scottie Scheffler and still earn +400 your stake. He’s the current frontrunner on BetMGM with Rory McIlroy in second at +1100.

How to activate the BetMGM bonus code

NYPNEWS1600

As mentioned, the deposit match doesn’t require an initial bet but you’ll have to navigate a couple requirements. Let’s say I made a $500 deposit and earned $100 in sports bonus.

First, the bonus must be used within seven days of receipt. If I earn cash from a bonus wager, I can’t withdraw it until I meet the 10x wagering requirement.

Next, I’ll need to make $1,000 in total cash bets within 30 days. If I used the $500 I deposited on a wager, no matter how the bet settles that counts as half of my wagering requirement.

NYPNEWS

The first bet insurance is easier to navigate for new bettors. Imagine I placed $1,000 on Scottie Scheffler +400 to win The Masters.

If I win, I keep $4,000 from the win and my $1,000 stake. You’ll notice a winning bet doesn’t earn any bonus bets.

If a different golfer wins, BetMGM would deposit bonus bet payments to equal the $1,000 stake miss. These bonus bets last for seven days in your account and can be used to fund a wager within the platform.

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.

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