BetMGM North Carolina Promo Code Dec. 2023: Up To $1,500 in Bonus Bets

Expected BetMGM North Carolina promo code details

BetMGM has stepped up its game and now boasts one of the largest sportsbook promos, offering up to $1,500 back in bonus bets to any new customer who loses their first bet. It's likely to be one of the most valuable bonuses in the North Carolina sports betting industry.

To become eligible for this welcome offer, use our exclusive BetMGM North Carolina promo code SBRBONUS when registering an account. The minimum deposit is $10, but snagging the maximum bonus amount would require a first bet of $1,500. 

You can place your initial qualifying wager on any sport or event, with any odds, as long as you use deposited real money. You can not make a qualifying bet with any promotional funds or bonus tokens.

If the bet settles as a loss, you'll receive bonus bet(s) equal to your qualifying wager, up to $1,500. Remember that the bonus is only triggered for the losing wager. If you win your first bet, it’s business as usual.

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How to use BetMGM North Carolina promo code

Here’s a quick step-by-step overview of how to use this BetMGM promo in North Carolina:

1. Register at BetMGM

Click on this link to head directly to the BetMGM website. Select North Carolina from the list of available states when prompted. Remember that you'll need to wait until online sports betting launches in the state, which is currently on track for January 2024.

Next, click the 'Register' button in the top right corner and complete a simple three-step registration process. You’ll need to set up account credentials and share some of your personal information there. BetMGM also allows you to register using your PayPal or Yahoo Sports accounts. 

Remember that you must be a first-time customer at BetMGM Sportsbook to be eligible for the welcome offer. You'll be ineligible for this bonus if you've previously used the sportsbook in a different legal state. 

2. Deposit

Hit the 'Deposit' button and pick from various secure and convenient payment options, including credit/debit cards, Play+, VIP Preferred, PayPal, Apple Pay, and more. The minimum deposit is typically $10.

3. Make a qualifying wager

Use the deposited funds to place a real-money wager on any sport and market. You can pick anything from a pre-match NFL point spread on the North Carolina Panthers to a basketball live bet featuring the Charlotte Hornets. 

Just remember that bonus bets aren't awarded until the bet settles, so don't make a distant futures bet for the winner of the next Super Bowl or the 2026 World Cup.

4. Claim and use the bonus bets

If your first bet is a loss, you will receive a bonus bet(s) of the same amount within 24 hours of the wager settlement. For bets $49 or less, you'll get a single bonus bet equal to the lost amount. For bets of $50 to $1,500, you'll be credited five bonus bets, each worth 20% of your original stake amount. 

You can apply the bonus bets directly from the bet slip area on any eligible market. All bonus bets expire after seven days of being awarded.

5. Withdraw

If you won your qualifying bet or managed to pick some winners with your bonus bets, you will have an available balance for withdrawal. Head to the 'Banking' section and find the 'Withdraw' option.

Pick a cash-out method that is convenient for you and input the necessary details. Most withdrawals take two to seven business days from when you tap the final button to when the money appears in your account. 

BetMGM North Carolina promos

North Carolina opened its doors to legal sports betting back in 2021. However, NC bettors can only place legal sports wagers across three retail sportsbook locations, all at tribal casinos in the western part of the state.

In 2023, a new sports betting bill (HB 347) was proposed, focusing on implementing online betting. The North Carolina House voted for the bill in June 2023, and Gov. Roy Cooper signed it into law shortly after. 

The bill allows for up to 12 North Carolina betting sites and makes room for up to eight additional retail sportsbooks. The earliest projected launch date is January 8, 2024.

While BetMGM is still not confirmed as one of the 12 potential sportsbooks to enter the NC market, we can confidently assume that it will find its way in alongside other tier-one brands such as DraftKings, FanDuel, and Caesars.

BetMGM North Carolina promo terms and conditions

While the BetMGM welcome bonus is easy to understand without reading the fine print, you should still know exactly how this one of many North Carolina sportsbook promos works. Here are the key terms and conditions:

• The promo is available only to new users at least 21 years old and located in a U.S. state where BetMGM has a license to operate legally.
• The minimum deposit is $10, while the minimum qualifying bet is $0.50.
• Upon registration, new users should type the BetMGM promo code SBRBONUS in a designated field.
• The maximum bonus is $1,500. Lost bets of $49 or less come as a single bonus bet, while bets of $50 to $1,500 will be split into five equal bonus bets.
• Bonus bets will be credited within 24 hours of settlement and expire in seven days.
• Bonus bets cannot be redeemed for cash or exchanged for other bonuses.
• The bonus bet stake amount is not included in any potential payout. For instance, if you use a $100 bonus bet on odds of +150 and win, your payout will be $150 instead of $250, as the original $100 stake is taken out.

BetMGM North Carolina review

As most bettors attempt to pick sides in the FanDuel vs. DraftKings rivalry, they often overlook other good options like BetMGM.

You can argue that BetMGM is on par with these two, if not better, in certain segments. BetMGM has a highly functional mobile app, provides fair and competitive pricing with occasional odds boosts, and offers a great market variety on popular sports. In short, it has everything you would want in an online sportsbook.

Here are more facts about BetMGM:

• BetMGM Sportsbook was introduced in 2018 as a product of Roar Digital, a company formed through a joint venture between Entain (at the time, GVC Holdings) and MGM Resorts International.
• Today, the BetMGM sportsbook is accessible from 20+ states, plus Washington D.C., Puerto Rico, and Ontario, Canada.
• BetMGM’s offering includes a leading online casino, poker, and horse racing products across several states (where permitted).
• BetMGM is a dominant player within the whole iGaming industry in the United States. However, it’s only third in sports betting, with its market share hovering around 10% to 15% in the last few years.
• Several professional teams across all major leagues have partnered with BetMGM, including the New York Yankees, New York Jets, Boston Red Sox, and Philadelphia 76ers.
• A wide range of helpful features like Easy Parlay, Early Cashout, and Edit My Bet enhance the sportsbook's functionality.
• There are over 25 sports you can bet on, including niche options like snooker, handball, and cross-country skiing.

BetMGM North Carolina mobile app experience

BetMGM offers one of the best and most functional sports betting apps in the industry, and its North Carolina offering won't be any different. The app’s layout makes it easy to find and place bets, all with solid data density and readability.

You can access the sports menu at any time in the top left. Meanwhile, the adjacent search bar is handy for finding sports, leagues, teams, and bets.

A game will typically have three main markers displayed next to each team, with corresponding odds for moneyline, point spread, and totals. You can access more bets through the dropdown menu above or by tapping on 'All Wagers'.

You can slide your bet slip from the bottom of the screen to review and submit your wager. By tapping 'Build Parlay,' a separate window will pop up where you can browse all market combinations for same-game parlay (SGP) options.

Overall, the BetMGM app is great. It scores highly on the App Store (4.8 stars), while Android users rate it slightly lower (4.4 stars). Some users have experienced issues with speed and unexpected logouts, but these problems are rare. We can safely predict BetMGM will be one of the best North Carolina sports betting apps when it eventually launches. 

BetMGM North Carolina live betting experience

Live betting is BetMGM’s strong suit. From the high number of live markets to above-average odds, swift line movement, detailed stats trackers, and the option to stream MLB and other major events, BetMGM is an excellent choice for anyone looking for a complete in-play betting experience.

BetMGM's micro-betting may not run as deep as on DraftKings or FanDuel, but you can still place a fair amount of short-term bets in critical moments. The odds and lines change often as seconds tick off the game clock. Luckily, BetMGM uses subtle red and green markings to indicate whether the odds have gone up or down.

You can even follow certain games as you bet on them live. For instance, BetMGM streamed several MLB games during the 2023 season. Meanwhile, plenty of other events can be watched live and are listed in the 'Media' tab.

BetMGM North Carolina available sports and betting markets

BetMGM covers all the main interests of an average U.S. bettor and then some. Unsurprisingly, the biggest variety of bets is for major North American sports like football, baseball, basketball, and ice hockey.

However, a deep market range is also available on globally popular events such as tennis majors, golf, soccer, Formula One, and blockbuster MMA fights.

A typical Carolina Panthers NFL game will have dozens of markets, including halftime/final score, winning margin, alternative spreads and totals, and a multitude of player props, like rushing yards and passing touchdowns. Moreover, there’ll be loads of interesting game props, like will either team record a safety or will the Panthers attempt an onside kick and much more. You can even prop bet the number of penalties the game will feature.

Same-game parlays (SGP) are available on all of these games, allowing you to have multiple picks from the same event and create longer odds for potentially higher payouts.

Niche sports like table tennis, snooker, handball, darts, and even Gaelic Games are also on offer at BetMGM. However, they normally feature fewer markets and don't always have the SGP option.

BetMGM North Carolina standout features

BetMGM boasts a few notable features that add to the overall betting experience. If you like making multi-leg wagers, you will surely enjoy the sportsbook’s 'Easy Parlay' feature. It filters out main bets from the most significant games across several major sports and displays them on a single, easily navigable page.

If you’ve made a mistake or have had a change of heart regarding your active bet, you can use BetMGM’s handy 'Edit My Bet' or 'Early Cashout' features.

With Edit My Bet, you can add, remove, or swap selections on your active parlay. With Early Cashout, you can pull out from a bet before it settles. For example, the Charlotte Hornets are leading in the fourth quarter, and if they win, you will win $90. By cashing out early, you might get a payout of only $80 and the peace of mind of not worrying about the Hornets blowing their lead at the last minute.

BetMGM North Carolina deposit and withdrawal options

BetMGM is likely to accept all the same deposit and withdrawal methods in North Carolina as in most other states where it is legal and licensed.

These methods include a set of credit, debit, and prepaid cards, e-wallets, and online bank transfers. You will see all the options to top up your account by going to the 'Cashier' section and selecting 'Deposit.' If you don’t know how to deposit with a certain method, you can find instructions in the BetMGM Help section.

The minimum deposit is $10 regardless of the mode of payment, and most transactions go through almost instantly. As for cashouts, the least you can withdraw is also $10. Waiting times for cash-outs will vary depending on the method, but it shouldn't take more than five business days, on average. If you pick up a BetMGM Play+ card or go to a retail BetMGM location, you can withdraw your winnings instantly.

BetMGM North Carolina customer service

If you need assistance, you can get it by going to BetMGM’s Help & Customer Care page. This section has detailed answers to various questions about account management, banking, promotions, responsible gambling, legal issues, and more. 

If you can’t find help among those answers, you can always hit the 'Contact Us' button and reach BetMGM customer support via 24/7 live chat.

• Live chat: Available 24/7
• Email: support.nc@betmgm.com (A dedicated email exists for each state)
• Phone: N/A
• FAQ section
• Twitter: @BetMGMSupport
• Support language(s): English

BetMGM North Carolina quick facts

North Carolina sports betting history and handle

Even though it will become the newest state with legal online betting at the start of 2024, North Carolina is no stranger to this specific gambling vertical.

Namely, sports betting became legal in North Carolina in 2019. However, that bill only allowed tribal casinos to open retail betting shops on-site. Two sportsbooks debuted in 2021 at the two Harrah's branded casinos. The Catawba Two Kings Casino opened a sportsbook the following year, bringing the total to three.

As for online betting, the state had an unsuccessful attempt with SB 688 in 2022, which failed to pass the North Carolina House. They had more luck with HB 347 in mid-2023, which was eventually voted in and signed into law by Gov. Roy Cooper. The bill opens the door for up to 12 online sportsbooks and eight additional retail sportsbooks.

Latest North Carolina sports betting news

Sept. 11, 2023: The North Carolina State Lottery Commission hires Gaming Laboratories to assist them in establishing online sports betting regulations and operational framework.

June 14, 2023: Governor Roy Cooper signed HB 347 into law, legalizing online sports betting in the state. The launch of online sportsbooks is expected to follow in early 2024.

June 7, 2023: The NC House of Representatives approves HB 347 by a vote of 68-45.

June 1, 2023: The North Carolina Senate passes the legal sports betting bill, HB 347, clearing the way for the bill to become law.

March 13, 2023: Rep. Jason Saine files HB 347, a bill that would legalize online sports betting in North Carolina. Up to 12 online sportsbooks would be permitted under the proposed legislation. 

North Carolina sports betting handle

The handle is how much money bettors risked in a certain period, typically measured monthly. When legal online sports betting does launch in North Carolina, we'll keep you updated on the latest handle figures.

Other sportsbooks in North Carolina

With millions of new potential customers, the country’s top sportsbooks will fight for their place in the North Carolina market. The number of available slots is limited to 12, so we only expect the best sportsbooks to apply for and be granted North Carolina online betting licenses. 

Aside from BetMGM, watch for these other contenders:

Where is BetMGM Sportsbook legal?

BetMGM is available in almost two dozen states with legal sports betting, plus Washington, D.C., Puerto Rico, and the Canadian province of Ontario.

Related Guides: FanDuel North Carolina Promo Code and DraftKings North Carolina Promo Code