BetMGM bonus code offers choice of 20% deposit match or $1.5K insurance all week

BetMGM, one of the leading sports betting sites, offers the choice between two introductory offers across most locations other than New York. You’ll need to be a first-time customer and set up a new account with the corresponding BetMGM bonus code followed by at least a $10 deposit for either offer.

Here are the two current welcome promos across all BetMGM sports betting states.

Offer 1: BetMGM bonus code NYPNEWS1600 — 20% deposit match up to $1,600 in sports bonus

Your first deposit of $10 or more is matched at 20% with the bonus up to $1,600 in sports bonus with a $8,000 deposit. The bonus is funds to use within the BetMGM platform but cannot be withdrawn since the sports bonus is not the same as cash.

Upon earning the bonus, you’ll need to cash bet 10x the bonus earned within 30 days. This can be across multiple bets and unlocks the cash winnings in your account for withdrawal.

Offer 2: BetMGM bonus code NYPNEWS — $1,500 first bet on the house

You’ve probably seen a first bet on the house or first bet insurance offer from other sportsbooks. This promo works the same; however, it is the highest value out there at $1,500.

You’ll need a new account, a minimum $10 deposit and a cash bet on any market or odds.

A win profits cash and returns the stake. A miss is covered with bonus bets up to $1,500 and the bonus funds are valid for seven days in your account.

Register with BetMGM

Follow these easy steps to activate one of the two national offers from BetMGM.

  1. Decide between the 20% deposit match or the $1.5K insurance.
  2. Set up a new account including verifying location and personal info.
  3. On the deposit page, make at least a $10 deposit and apply the correct bonus code. NYPNEWS1600 for the deposit match or NYPNEWS for the first bet insurance.
  4. You’ll need a cash bet of any size to activate the first bet insurance.

BetMGM bonus code offers

NYPNEWS1600

If I make a $100 deposit and earn $20 in sports bonus, I’ll have a couple requirements from the deposit match promotion.

Let’s say I want to bet on The Masters and am deciding between using the bonus funds or the $100 in deposited cash.

I could use the $20 of bonus on Scottie Scheffler +400, for example. A win would profit $80 in cash but I can’t withdraw the cash until I meet the 10x wagering rule. Additionally, a wager funded by the bonus doesn’t count towards that rule.

Alternatively, I could use the $100 of cash on the same bet. However the bet plays out, the $100 would count towards half of the $200 wagering requirement (10 x $20).

NYPNEWS

The first bet insurance only has two outcomes of the promo depending on how the bet plays out. You’ll either win and profit cash or BetMGM covers whatever your stake loss was up to the maximum.

This lends nicely to larger wagers or picking plus money for the chance at a better payout knowing you’re covered if it misses. However, it’s entirely up to you since a cash bet on any market or odds qualifies.

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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