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 betting on the mobile app.
Here are your two statewide sports betting options at BetMGM. Meanwhile, some places like New York are excluded from both welcome promotions.
- NYPNEWS1600: 20% deposit match up to $1600 with 10x rollover (meaning you have to wager 10x your bonus amount in the first 30 days).
- NYPNEWS in most states: Max $1500 insurance for first bet
- NYPNEWS in North Carolina: Bet $5, get $150 bonus bets
BetMGM Bonus Code: NYPNEWS1600
This bonus code activates 20% deposit match up to $1600 in sports bonus. You will need at least a $10 deposit to trigger the bonus — a $2 bonus for a $10 deposit, a $20 bonus for a $100 deposit, and so on up to a maximum of $1600 bonus.
You will notice that this offer does not require an initial wager to claim the bonus. However, BetMGM has a wagering requirement once you win the sports bonus.
Make sure you wager 10x the bonus in total cash bets within 30 days. This releases any cash winnings into your withdrawal account.
BetMGM Bonus Code: NYPNEWS
Alternatively, this promotion is insurance for the first bet up to $1500. Unlike the first offer mentioned, this one requires a $10 deposit and cash deposit to get started.
The result of your first bet determines how the promotion runs. Cash wins or misses are covered by BetMGM bonus bets up to a maximum of $1,500.
This is currently the biggest first bet insurance you will find among the top sports betting sites.
Can I bet The Masters at BetMGM?
Yes, BetMGM now includes markets for The Masters, which starts on Thursday. Perhaps the biggest market to pick before the tournament starts is the outright winner futures market.
If you enter early for a winner, you can pick a favorite like Scotty Scheffler and still win +400 on your bet. He is the current leader at BetMGM with Rory McIlroy in second place at +1100.
How to activate the BetMGM bonus code
NYPNEWS1600
As mentioned, the deposit match does not require an initial bet, but you will need to navigate a few requirements. Let’s say I made a $500 deposit and won $100 in sports bonus.
First, the bonus must be used within seven days of receiving it. If I win money from a bonus bet, I cannot withdraw it until I meet the 10x wagering requirement.
I will then need to make $1000 in total cash bets within 30 days. If I used the $500 I deposited for a bet, no matter how the bet is settled, it counts as half of my wagering requirement.
NYPNEWS
First bet insurance is easier to navigate for new bettors. Imagine I bet $1000 on Scottie Scheffler +400 to win The Masters.
If I win, I keep $4,000 of the winnings and my $1,000 bet. You will notice that a winning bet does not carry any bonus bets.
If another golfer wins, BetMGM will deposit bonus bet payments equal to the $1,000 missed bet. These bonus bets last seven days in your account and can be used to fund a bet 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 bet. Please bet responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential assistance (MI ). Visit BetMGM.com for terms and conditions. US promotional offers are not available in DC, Nevada, New York or Ontario.
