BetMGM Bonus Code September 2023: $1,500 Back in Bonus Bets with SBRBONUS

BetMGM bonus code and sign-up offer details

Newbies at BetMGM can claim an up to $1,500 in bonus bets welcome offer. This safety net is yours if you use BetMGM bonus code SBRBONUS and deposit $10 or more. Then, place a bet on any market that catches your eye. If it loses, the sportsbook will refund your stake in bonus bets, capped at a generous $1,500.

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The BetMGM promo code offer is notable for its versatility — it comes with no restrictions on odds or markets, allowing you to use your bonus bucks on any premier events you prefer.

For example, you could scour MLB markets and back powerhouses like the Tampa Bay Rays and Baltimore Orioles, current frontrunners to win the 2023 World Series. The MLB All-Star game also reels in massive amounts of betting action at BetMGM, bringing a surplus of special offers.

For those interested in niche markets, BetMGM has them in spades. You'll find robust betting lineups for the likes of this year’s Tour de France, the adrenaline-pumping NASCAR circuit, and the 2023 Women’s World Cup.

Other BetMGM promotions

As the glow from the BetMGM bonus code offer fades, the online betting site keeps the momentum going with some of the best sportsbook promos for existing users. Since these promotions — which don't require any BetMGM bonus codes — tend to change, we recommend checking back here to stay updated. 

Here's a peek at what's currently available:

NASCAR 3-Wide Challenge 

BetMGM amplifies your NASCAR experience with the 3-Wide Challenge. Each week during the promo period, you'll receive three drivers at random. Based on their performance, you can secure weekly prizes and an entry into a grand prize draw.

The better your drivers do, the bigger the reward — $250, $100, or $50 in the form of a NASCAR gift card or bonus bet. You can enter from June 29, 2023, to Aug. 26, 2023, by answering questions or making predictions on the BetMGM website or app.

3-Ball Challenge 

BetMGM is hosting the PGA 3-Ball Challenge, a free-to-play event for a chance to score weekly prizes and even win a trip to TPC Sawgrass. 

Participants are given a roster of golfers each week. If said golfers hit the sweet spot during the tournaments, you can snag weekly prizes and even land a hole-in-one with the grand prize: A four-person golfing experience at the iconic TPC Sawgrass and $3,000 in bonus cash to cover travel and accommodations. 

The contest covers numerous tournaments from June to August 2023. High scores can fetch you bonus bets ranging from $50 to $500 weekly and even take you on a dream golf vacation.

Refer-a-Friend Bonus 

If you spread the word about BetMGM and bring a few friends to the platform, you could earn up to $1,000 in bonus bets. To make this happen, each friend has to register using your referral link and place a wager of at least $50 at odds of -200 or higher within 30 days of sign-up. Then, you’ll both receive a $50 bonus. The bonus is capped at 20 referrals per month.

Remember that your referrals should go to your state's BetMGM site. For example, if you're registered with a Colorado address, you should only refer friends to the BetMGM Colorado app. 

Popular BetMGM Sportsbook bet types

The great thing about claiming your BetMGM bonus code offer is that you'll have plenty of options for your qualifying wager. Whether you're looking to bet on the winner of the Super Bowl or individual player props, BetMGM's swath of bet types is sure to satiate. 

Below you'll find a brief breakdown of the most popular bet types available at BetMGM:

Moneyline 

Think of the moneyline as backing the winner — pick the winning side, and you’ll bag the bet, no matter how slim the victory. Favorites carry a minus (-) sign, representing the stake needed to net $100. Underdogs sport a plus (+) sign, revealing your returns for a $100 wager.

Over/Under (Total)

Over/Under bets, also called the total, are about the collective score two teams will notch in a game. The sportsbook will come up with an estimated total, and you'll be required to decide if it seems too steep — bet the Under — or too conservative — bet the Over — for you. At BetMGM, the odds are usually symmetrical, which means you stand to earn the same payout, whether you select the Over or Under. 

Spread

Spreads add some zest to lopsided matchups. They subtract points from favorites and give them to underdogs as a pre-game edge. For instance, if the Los Angeles Lakers are a -7.5 favorite, they’ll cover the spread if they win by eight or more points. 

Props 

Props are bets that zoom in on specific stats in a game. The options are vast — ranging from a player's first plate appearance in MLB to the number of three-pointers in an NBA contest. BetMGM excels here, with more prop options than its rivals. You can find a more detailed breakdown in our full BetMGM review. 

Futures 

Futures bets consider the long term, eyeing events that conclude with the season. They cover team and player performances alike. You could wager on a specific NFL team's season totals, an MLB team snagging the World Series, or an NBA player clinching the Rookie of the Year. BetMGM has all these and more.

Parlays 

Parlays are like bet bundles, roping in multiple wagers. The more you line up, the higher the payout climbs. But there's a catch — every prediction must be spot-on to win. BetMGM spices it up with parlay boosts targeted at specific sports or same-game parlays.

How to claim the BetMGM bonus code

The sign-up process is nearly universal across the best sportsbooks, though they may ask for promo codes at different times. It might be during registration or when you make your initial deposit.

At BetMGM, getting your welcome deal is a breeze. No need to opt in — you'll acquire the bonus should your first bet settle as a loss. 

Here’s a complete breakdown of how to enter the BetMGM bonus code and claim the ensuing welcome offer:

1. Register 

Click here to get started with BetMGM Sportsbook. Once on the landing page, hit the "Register" button to pull up the sign-up form.

During the three-step registration process, enter your login information and personal details, like your full name, address, cell phone number, birthday, and the last four digits of your social security number. When you reach step two, type the BetMGM promo code — SBRBONUS — in the appropriate field. Ensure you read and accept the terms and conditions, then click the green "Create My Account" button. 

To get the best registration experience possible, we recommend downloading the BetMGM Sportsbook mobile app, as it's one of the top betting apps in the business.

2. Deposit 

Once you've created an account and your BetMGM promo code has been activated, it's time to deposit funds in anticipation of your qualifying wager. To do this, tap "Deposit" in the top-right corner, choose your favored payment method, and follow the prompts. Enter your deposit amount — a $10 minimum is required to garner the sign-up bonus — and other payment details, then confirm the transaction. You'll see the funds in your account almost instantly, although using e-checks might take longer. 

3. Wager 

With funds at your disposal, it's time to make your qualifying wager. Navigate the betting lineup from the A–Z list of sports on the homepage. Pick a sport, and the associated games will appear. Then, choose a match to launch the betting lobby. The bet you select lands on the betting slip on the right. Plug in your stake and place your bet. If it falls flat, don't sweat — BetMGM has your back, refunding you up to $1,500.

Assuming this is the first time you're placing a wager, take a moment to read our guides on how to bet on sports and how to read odds.   

4. Withdraw 

When you finally nail your first bet, you can take out your winnings using various payment methods, some of which are state-specific. To make a withdrawal, head to your account menu and select "Withdraw" in the top-right corner. From there, choose your banking option and follow the prompts. Depending on your selected method, funds should arrive within 24–48 hours.

Remember: If you lose your initial wager but win your second with the provided bonus bets, only your winnings will be withdrawable since bonus funds are not considered real cash.

BetMGM bonus code terms and conditions

Sorting through the details of a sportsbook promotion can be overwhelming. So, we've parsed the BetMGM bonus code offer for you. Here are the key terms and conditions you need to know:

• Sign up with the platform here and use BetMGM Sportsbook promo code SBRBONUS
• Make your initial deposit of at least $10 and place a qualifying wager on any sports market
• Should your wager lose, the sportsbook will issue you a refund, up to $1,500, in non-withdrawable bonus bets
• If you bet over $50, your bonus bets will arrive in 20% denominations. If you bet under $50, you'll simply get one bonus bet
• You must play through the bonus amount 1x to convert it to withdrawable cash
• Your reward will land in your account within 24 hours, and you will have seven days to use it
• Remember: If you win a wager using bonus bets, only the winnings will be withdrawable

How to deposit at BetMGM Sportsbook

Rest assured, the depositing process at BetMGM Sportsbook is straightforward. If you're new to online sports betting sites, BetMGM's user-friendly layout will help you feel at ease. 

Follow the step-by-step guide below for a smooth experience.

1. Open your account profile

Whether you're on the mobile app or using a browser, the first step is the same — create a BetMGM account. You can also register via PayPal if that suits you better.

After your account is active, log in and complete the verification check if needed. This typically happens if there's a hiccup with the SSN check. It's a necessary step to get the green light for deposits.

Remember, you keyed in the bonus code for BetMGM during registration, so you're already primed to claim the bonus.

2. Click "Deposit"

This step is a no-brainer — BetMGM features a prominent "Deposit" button in the top-right corner. Plus, you can hop into the deposit lobby via your account menu adjacent to the "My Inbox" section.

3. Select your deposit method(s)

Once you're in the deposit section, pick your preferred payment method. Each will be neatly listed and easy to spot due to their logos — key in the needed details, such as your debit card number and CVV. Then, decide on the deposit amount and click the green button to finalize the transaction. Keep in mind that the minimum deposit is $10.

How to withdraw funds from BetMGM

If your BetMGM bonus code offer pays off — meaning you win either your initial or follow-up wager — reaping your earnings is simple. First, you'll need to pass the KYC verification, which involves submitting an ID like a driver's license, passport, or other form of identification. Verification usually takes 24–48 hours. Once cleared, go to your account menu and select "Withdraw."

Withdrawal methods

BetMGM supports a wide range of withdrawal methods, making its case as the best online sportsbook for payouts. From e-wallets to proprietary prepaid cards to wire transfers, you'll find what suits you on the designated cashout page.

Here's the rundown of payout options backed by BetMGM:

• PayPal
• Skrill
• Bank transfer
• Check
• Wire transfer
• Play+ card

You even have the option to collect your earnings in person at BetMGM's affiliated venues. This method is handy as it's instant, fee-free, and not bound by limits. If you opt for online withdrawal, the minimum is set at $20. Your bank may levy fees, but BetMGM won't. The entire process might take up to five business days.

BetMGM customer support

While you might need to jump through a few hoops to get to BetMGM's support squad, their problem-solving is fast and effective once you reach them. Maneuver to the "Help & Customer Care" page and pick the topic that pertains to your problem. If the FAQ falls short, click “Yes” when asked if you need further guidance.

Several avenues for assistance will then become available to you:

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

Where is BetMGM legal?

BetMGM operates in 20 U.S. states, the District of Columbia, and Puerto Rico, a broad footprint matched only by giants like FanDuel and DraftKings. It first launched as PlayMGM in New Jersey but underwent a name change to BetMGM in September 2019.

The sportsbook made a splash in Ontario when online sports betting launched there on April 4, 2022, and now is looking to enter emerging markets in Kentucky, Vermont, and North Carolina.

It's worth noting that if you're within the boundaries of any of the below locales — except for DC, Kansas, Nevada, New York, and Mississippi — and over 21 years old, you're eligible for the BetMGM bonus code offer. 

Additional sportsbook promo codes

Once you've used your BetMGM Sportsbook bonus code to obtain the sportsbook's welcome bonus, you'll want to explore the larger sports betting landscape. We've dissected all the top betting sites in the country, such as DraftKings, FanDuel, and Caesars, to deliver you information on their platforms and promo code offerings.