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Partner Promo Logo - BetMGM
Bet $5, Get $150 in Bonus Bets
  1. Register using BetMGM bonus code SBRBONUS.
  2. Make a first deposit of at least $10.
  3. Place your qualifying wager of $5 on any event, parlay, or Same Game Parlay and receive $150 in bonus bets instantly.
  4. Bonus Bets will be awarded as six (6) $25 bonus bets.
  5. You will have seven days to use the bonus bet(s), or they will expire.

Terms and conditions apply

Your Region united states

Last Verified ✅ Feb. 28, 2024

Offer Expiry ⏰ Aug. 12, 2024

BetMGM Bonus Code: Bet $5, Get $150 in Bonus Bets with SBRBONUS in Feb. 2024

Brand new customers can claim a generous bet $5, get $150 in bonus bets welcome offer when they register using SBRBONUS, our exclusive BetMGM bonus code for new users.

Editor’s note: The offer(s) outlined here are for eligible U.S. customers only.

Affiliate Disclosure: Sportsbook Review may receive advertising commissions for visits to a sportsbook betting site.

21+. Gambling can be addictive, please play responsibly

Welcome Offer

Bet $5, Get $150 in Bonus Bets

Terms and conditions apply

  1. Register using BetMGM bonus code SBRBONUS.
  2. Make a first deposit of at least $10.
  3. Place your qualifying wager of $5 on any event, parlay, or Same Game Parlay and receive $150 in bonus bets instantly.
  4. Bonus Bets will be awarded as six (6) $25 bonus bets.
  5. You will have seven days to use the bonus bet(s), or they will expire.

Offer expires at 11:59 PM EST on August 12, 2024

Best BetMGM promo code

Users who register a new account with BetMGM can claim a welcome bonus befitting one of the best sportsbooks. BetMGM offers a bet $5, get $150 in bonus bets deal, which you can claim almost instantly. It ranks high among the best sportsbook promos available in any state with legal sports betting.  

This bonus is simple to claim. Just use our verified BetMGM bonus code SBRBONUS and deposit $10 or more. Then, place a bet of at least $5 on any market that catches your eye. Win or lose, BetMGM will credit your account with $150 in bonus bets, paid out as six (6) $25 bonus bets.

🚨 BetMGM bonus codeSBRBONUS
😊 BetMGM bonusBet $5, get $150 in bonus bets
➡️ BetMGM promo typeBet and Get
💰 Minimum deposit$10
💵 Minimum wager$5
🇺🇸 Legal statesAZ, CO, IN, IA, IL, KS, KY, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA, DC, WV, WY, PR
🏟️ Eligible bet typesAll bet types
📱 BetMGM mobile appiOS & Android
✅ Last verifiedFebruary 2024
⏰ Offer expiryAug. 12, 2024

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BetMGM bonus code: How to qualify

Sorting through the details of sportsbook welcome bonuses can be overwhelming. Often, there are tricky betting requirements or complicated terms and conditions.

Luckily, BetMGM's $150 in bonus bets welcome offer is relatively simple. We've already done the leg work for you, determining the right steps and important fine print for you to claim the BetMGM bonus with ease. 

Here's what you need to know:

  • Click here to get started. Use the BetMGM Sportsbook bonus code SBRBONUS when prompted, either during registration or your first deposit.
  • Make your initial deposit of at least $10 using any of BetMGM's convenient banking methods.
  • Place a qualifying wager of $5 or more on any sports market.
  • Win or lose, you'll receive $150 in bonus bets, divided into increments of six (6) $25 bonus bets.
  • Bonus bets cannot be withdrawn as cash. You can only use them to make additional wagers.
  • Your bonus will land in your account within 24 hours (although it's usually much faster).
  • Unused bonus bets expire in after seven days.
  • Winning wagers made with bonus bets do not include the stake amount in any winnings.

BetMGM

Bet $5, Get $150 in Bonus Bets

Sportsbook Review may receive advertising commissions for visits to a sportsbook betting site. 21+. Gambling can be addictive, please play responsibly

How to enter the BetMGM bonus code

The sign-up process is nearly universal across most sportsbooks. They all ask for the same basic personal information when registering. The key difference is that some sportsbooks will ask for a promo code, while others will not.

BetMGM is one of the legal online sportsbooks that still uses a promo code. You will need our exclusive code SBRBONUS during the sign-up process to claim the $158 bonus bet welcome offer.

Here’s a complete breakdown of how to complete the steps:

1. Register 

Click here to get started with BetMGM Sportsbook. Once on the landing page, hit the "Register" button to access the sign-up form. Remember to enter BetMGM promo code SBRBONUS when prompted.

To get the best registration experience possible, we recommend downloading the BetMGM Sportsbook mobile app. However, the sportsbook (and bonus) are both available on the desktop version of the platform, too, if you prefer. 

2. Deposit 

Now 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.

3. Wager 

With funds now at your disposal, you can make your qualifying wager. Navigate through the available leagues and sports to find the event you want to bet on. Tap the associated odds to add the selection to your betting slip. When you're satisfied with your picks, add a stake of at least $5 and confirm your bet. 

4. Claim the bonus

Once your qualifying bet is placed, sit back and wait for the result. Win or lose, BetMGM will send $150 in bonus bets to your account. They give you three extra chances (6 x $25) to make bonus bets since you can't withdraw the bonus bets as real cash. Use them within seven days, or else they will expire. 

5. Withdraw 

If your qualifying bet or any of your bonus bets hit as winners, you'll have an account balance you can cash out. 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 24–72 hours.

Remember: winnings wagers made with bonus bets only pay out the profit and do not include the stake amount in your winnings. 

All BetMGM promo offers

Like most competing sportsbooks, BetMGM rolls out the biggest bonus for brand-new players. However, once you've signed up and collected that welcome offer, the bonuses don't instantly dry up. BetMGM rolls out a steady stream of ongoing promotions for existing players, keeping you engaged and helping smart bettors maximize their potential profit. 

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

BetMGM promo 💰BetMGM promo terms and conditions ✍️
NBA SGP Insurance TokenOpt in and apply the Insurance Token to any NBA SGP wager. If your bet loses, BetMGM will refund it via a bonus bet. Maximum betting limits apply. 
Million Dollar Playoff Football ChallengeMake your picks for the AFC and NFC title games in this challenge content. You could win a share of the $1 million bonus bets prize pool.
MGM Rewards AcceleratorEarn special Tier Credits even faster by applying this accelerator boost on heavy betting days. Even better, these reward points do not expire due to inactivity.
Exclusive Vegas DiscountBetMGM users can take advantage of special deals and discounts when visiting various MGM Resorts properties in Las Vegas, NV.
Odds Boosts PromotionsYou will consistently find odds boosts for specific games and leagues at BetMGM. Right now, the sportsbook is providing 25% boosts on NBA and NHL games.
Community ContestsBetMGM hosts multiple community contests throughout the year. For example, it's currently giving away 58 weekly prize packages to lucky players who wager $100 or more on pro football games. If you win the grand prize, you'll get a trip to Las Vegas and two tickets to the 2024 pro football championship game.
NBA Same Game Parlay BoostApply a bet boost token to an NBA same-game parlay to supercharge the odds, giving you more profit if your picks hit.
Best First TD Scorer OddsA popular football prop bet is to pick the player who will score the first touchdown. BetMGM promises to beat (or match) the odds of all major competitors in this market. 
Refer-a-Friend PromotionIf you spread the word about BetMGM and bring a few friends to the platform, you could earn a sportsbook referral bonus of up to $100 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.

BetMGM bonus code for existing users

BetMGM is a premier online sportsbook that is licensed and legal in over 20 different states. To keep their top-tier status, they offer plenty of frequent promotions and bonuses for existing customers. You'll find new profit boosts, SGP insurance tokens, and other contests all the time. However, the biggest value still remains it's bet $5, get $150 in bonus bets sign up offer, which you can only claim once. 

BetMGM bonus comparison

As legal online sports betting continues to expand into more and more states, the competition for your business is fierce. That's good news for you, the customer, since the best sportsbooks in the industry keep trying to outdo each other with the most attractive welcome bonuses they can offer.

Here's how the biggest players in the game stack up against each other. Choose the most enticing one, or claim as many as you can in your state. 

DraftKings 👑FanDuel 🔵Caesars 🏛️BetMGM 🦁bet365 🟢
Sign-up bonus$1,000 No Sweat first betBet $5, win $150$1,000 first bet on Caesars$Bet $5, get $150 in bonus betsBet $5, get $150 in bonus bets
Promo codeNo codeNo codeSBRBONUS1000SBRBONUSSBRBONUS
Bonus typeFirst bet insuranceBet & winFirst bet insuranceBet & getBet & get
Bonus comes asOne (1) bonus bet equal to bet amount$150 in bonus betsOne (1) bonus bet equal to bet amountSix (6) x $25 bonus bets$150 in bonus bets
Minimum deposit$5$10$10$10$10
Days to use7714790
SBR rating⭐ 4.7/5⭐ 4.8/5⭐ 4.7/5⭐ 4.6/5⭐ 4.6/5
DraftKings 👑FanDuel 🔵Caesars 🏛️BetMGM 🦁bet365 🟢
Sign-up bonusNo sweat first betBet $5, win $150$1,000 first bet on CaesarsBet $5, get $150 in bonus betsBet $5, get $150 in bonus bets
Promo codeNo codeNo codeSBRBONUS1000SBRBONUSSBRBONUS
Bonus typeNo sweatBet & winFirst bet insuranceBet & getBet & get
Bonus comes as$200 in bonus bets$200 in bonus betsOne (1) bonus bet equal to bet amount2 x $50 and 1 x $58 bonuses$150 in bonus bets
Minimum deposit$5$10$10$10$10
Days to use7714790
SBR rating⭐ 4.7/5⭐ 4.8/5⭐ 4.7/5⭐ 4.6/5⭐ 4.6/5

BetMGM Casino promo

One of the country's preeminent real money online casinos, BetMGM Casino provides a $25 no-deposit bonus and a $1,000 deposit match for first-time users in Michigan, New Jersey, and Pennsylvania. Those in West Virginia can snag a $50 no-deposit bonus, a $2,500 deposit match, and 50 free spins instead. Neither new-player promo requires a BetMGM Casino bonus code.

BetMGM

100% Deposit Match up to $1,000

Sportsbook Review may receive advertising commissions for visits to a sportsbook betting site. 21+. Gambling can be addictive, please play responsibly
  • Sign up with BetMGM Casino and create an account.
  • The no-deposit bonus — $25 in MI, NJ, and PA; $50 in WV — must be played through 1x within seven days of receipt.
  • Make your initial deposit of at least $10. The casino will match the amount, up to $1,000$2,500 in WV — in bonus funds.
  • You must meet a 15x playthrough requirement within 14 days before you can withdraw your funds.
  • The 50 free spins for WV players can only be used on "Bellagio Fountains of Fortune."

BetMGM sportsbook review

A product of the partnership between MGM Resorts International and Entain Holdings, the now-iconic sports betting platform first launched as PlayMGM in New Jersey before undergoing a name change to BetMGM in September 2019. Since then, it's become an industry mainstay, currently active in over 20 states and looking to extend that reach in 2024.

To uncover more about the sportsbook, read our full BetMGM review and check out its top highlights below.

BetMGM mobile app

Boasting as reputable a brand as any industry player, BetMGM backs that up further with a stellar mobile platform. A dazzling design, intuitive organization, simple navigation, top-tier security, and useful responsible gambling tools have the BetMGM app in the thick of the nation's best betting apps

You can install the BetMGM sportsbook app to your device through the Apple App Store if you're an iOS user or the Google Play Store if you own an Android. Additionally, download links are available on the BetMGM website.

BetMGM Sportsbook screenshots
BetMGM iOS app
📱 App Store rating4.8/5.0 ⭐(185K reviews)
📱 Google Play rating4.2/5.0 ⭐(25K reviews)
➡️ Download size114.4 MB
🏆 Top feature"King of Parlays"
💰 Welcome bonusBet $5, get $150 in bonus bets

BetMGM key features

All of the eye-popping features you desire from a top-level sportsbook are available with BetMGM. Here are a few of our favorites:  

🔥 Same-game parlays — BetMGM refers to itself as the "King of Parlays" for a reason. Its dedicated "Easy Parlay" section allows you to swiftly cycle through popular events and bet types to build your preferred wager.

🔥 Live betting — While not as robust in its in-play offerings as top live betting sites like bet365 or DraftKings, BetMGM provides a solid experience. You can wager on most major sports as they happen, and the odds are quick to update.

🔥 Live streaming — The live streaming feature on BetMGM continues to grow and improve. You'll find tennis highlights, highly anticipated soccer games, and more accessible within the "Live Streaming" tab of the in-play betting section.

BetMGM pros and cons

BetMGM's sterling reputation is reflected in its online sportsbook. Even so, the platform has room for improvement. Here are a few of its most notable hits and misses:

Pros

✅ Top-notch loyalty program — BetMGM's flashy new VIP program — MGM Rewards — allows you to build points and climb tiers to unlock special perks. Reach a high enough Tier Status, and you can spend your points on air travel, dining, and more.

✅ Many deposit options — Whether you're looking to make a deposit using debit and credit cards, PayPal, Play+, Skrill, or another payment provider, BetMGM has you covered. The funds will appear in your account instantly, and transactions are always free.

✅ Sweeping sports coverage — Not only does BetMGM extensively cover all major sporting events, such as the World Series or March Madness, but it also makes space for niche options, like MMA and Formula 1.

Cons

❌ Slow withdrawals — Although BetMGM shines in how many banking options it provides, it falls short when it comes to withdrawal speed. You will likely be waiting at least two business days to receive your funds from your account. It's a major drawback, only slightly slower than the fastest payout sportsbooks

❌ No phone support — While BetMGM offers a live web chat and email to get ahold of a customer service agent, it does not provide phone support. The good news is that their support through these other avenues is top-notch. 

Popular BetMGM bet types

Whether you're looking to bet on the winner of the Super Bowl or the moneyline of a hotly anticipated NBA matchup, BetMGM's swath of bet types is sure to satiate. Here are the most popular:

  • Spreads
  • Moneylines
  • Over/Unders
  • Props
  • Parlays

If wagering on the NFL is your focus, you'll want to learn as much as possible about props and parlays. Ensure you're up to speed by digging through our guides on the best prop betting sites and parlay betting sites.

BetMGM sports to bet on

When it comes to market diversity, BetMGM can stand toe-to-toe with the best sportsbooks in the business. On any given day, they have betting odds listed for more than 20 different competitive sports. The most popular leagues are all there, like the NFL, NBA, MLB, NHL, and dozens of soccer divisions from around the globe.

In addition to the "big boys," BetMGM offers odds on smaller, niche sporting events like cycling, snooker, rugby, tennis, darts, and lacrosse. When special events come around, like the World Cup or the Olympics, BetMGM will introduce new markets to cover those as well.

BetMGM odds quality and betting limits

When it comes to odds qualities, BetMGM typically hovers right around the industry averages. You will find them posting the best odds sometimes. Even when they don't offer the sharpest prices, they are very close, letting you use BetMGM to shop around for the most profitable odds for your picks. 

BetMGM technically doesn't have a maximum bet amount, but they do limit payouts to $10 million, at the most. That means the maximum bet has to be low enough that the associated odds don't equate to a payout of more than $10M. For the vast majority of bettors, this won't be an issue at all. 

The minimum wager on BetMGM is typically $0.50. That's low enough to keep almost any betting enthusiast in the game. 

BetMGM payment methods

Aside from registering and inputting the bonus code for BetMGM, pinpointing your preferred banking method(s) will be one of the first things you do with the sportsbook. And while BetMGM may not be the absolute fastest with its payouts, it does provide myriad deposit and withdrawal options.  

Method 💳Deposit ⬇️Withdrawal ⬆️
American Express
Check
Debit card
eCheck
Mastercard
Online banking
PayPal
PayNearMe
Play+
Skrill
Visa

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:

Why choose BetMGM?

If you're looking for the most compelling reason to add BetMGM to your roster of active sportsbooks, it's this: The platform offers a superior parlay experience when stacked up against its peers. No other sports betting product makes building that bet type so seamless, fun, and efficient. 

Should you have a high risk tolerance — always remember to play within your means — and prefer parlays to all other bet types, you won't find a sportsbook more satisfying than BetMGM.

⭐Our Overall BetMGM Rating: 4.6/5.0

Where is BetMGM legal?

BetMGM operates in 21 U.S. states, the District of Columbia, and Puerto Rico, a broad footprint matched only by giants like FanDuel and DraftKings. 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.

North Carolina BetMGM promos

On Mar. 11, 2024, North Carolina will be joining almost three dozen other states with legal online sports betting. BetMGM has already announced its intentions to be one of the first sportsbooks to go live in the Tar Heel state.

BetMGM will likely bring their standard welcome bonus for new NC customers. On top of that, many sportsbooks offer special pre-launch promotions when entering a new state market. These can include extra bonus bets or special odds boosts. 

Stay tunes to our North Carolina pages for all the important details:

BetMGM promo offers by state

State 🌎Welcome bonus 💰Launch date 🚀
Arizona sportsbook promosBet $5, get $158 in bonus betsSeptember 2021
Colorado sportsbook promosBet $5, get $158 in bonus betsMay 2020
DC sportsbook promosNo bonusJune 2021
Illinois sportsbook promosBet $5, get $158 in bonus betsMarch 2022
Indiana sportsbook promosBet $5, get $158 in bonus betsFebruary 2020
Iowa sportsbook promosBet $5, get $158 in bonus betsJanuary 2021
Kansas sportsbook promosNo bonusSeptember 2022
Kentucky sportsbook promosBet $5, get $158 in bonus betsSeptember 2023
Louisiana sportsbook promosBet $5, get $158 in bonus betsJanuary 2022
Maryland sportsbook promosBet $5, get $158 in bonus betsNovember 2022
Massachusetts sportsbook promosBet $5, get $158 in bonus betsMarch 2023
Michigan sportsbook promosBet $5, get $158 in bonus betsJanuary 2021
MississippiNo bonusSeptember 2021
Nevada sportsbook promosNo bonusMarch 2020
New Jersey sportsbook promosBet $5, get $158 in bonus betsAugust 2018
New York sportsbook promosNo bonusJanuary 2022
North Carolina sportsbook promosTBDComing Mar. 11, 2024
Ohio sportsbook promosBet $5, get $158 in bonus betsJanuary 2023
Pennsylvania sportsbook promosBet $5, get $158 in bonus betsDecember 2020
Puerto Rico$100 back in bonus betsJune 2023
Tennessee sportsbook promosBet $5, get $158 in bonus betsNovember 2020
Virginia sportsbook promosBet $5, get $158 in bonus betsJanuary 2021
West Virginia sportsbook promosBet $5, get $158 in bonus betsJanuary 2020
Wyoming sportsbook promosBet $5, get $158 in bonus betsSeptember 2021

Recent BetMGM news

Feb. 21, 2024: BetMGM pays out a little over $416K to former NFL star Dez Bryant, who placed a 13-leg parlay on NCAA basketball which came through in dramatic fashion. 

Jan. 7, 2024: BetMGM announces a partnership deal with Charlotte Motor Speedway, securing access to the North Carolina betting market, which is set to legalize on March 11, 2024.

Jan. 2024: BetMGM switches up its standard welcome bonus, pausing the $1,500 first-bet insurance and going with a bet $5, get $158 in bonus bets deal, just in time for the big football championship game.

Dec. 6, 2023: BetMGM announces NHL Gold Blitz, the first ever NHL-endorsed online slot game, which is exclusive to their New Jersey casino platform, with plans to expand to other legal states soon. 

Oct. 26, 2023: BetMGM and the Philadelphia 76ers renew their strategic partnership. The former will continue to be the latter's official sports betting partner.

Sept. 28, 2023: Legal online Kentucky sports betting goes live, allowing BetMGM and other platforms to officially welcome Bluegrass State bettors.

Aug. 29, 2023: In anticipation of the upcoming NFL season, BetMGM updates its sign-up bonus to a $1,500 back in bonus bets reward.

June 29, 2023: BetMGM Sportsbook halts its acquisition efforts in Kansas, meaning new users can no longer claim a welcome 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:

BetMGM bonus code FAQs

What is the BetMGM bonus code for new users?

New users can input BetMGM bonus code SBRBONUS to redeem the sportsbook's bet $5, get $158 in bonus bets welcome offer.

Can you trust BetMGM when it comes to promos?

Yes, BetMGM is a reputable platform that honors its promotions. Its bonuses, including the BetMGM promo code offer, are real, and it follows through on the commitments stated in the terms and conditions.

Do I need to make a deposit to get my BetMGM promo?

Yes, the BetMGM promo requires you to make at least $5 deposit. The bonus is tied to your first wager, so you must deposit funds to place that bet.

How do I get the BetMGM bonus?

To acquire the sportsbook's new-player offer, sign up, use the BetMGM bonus code — SBRBONUS — during registration, deposit funds, and make your first wager of at least $5. Then you'll receive $158 in bonus bets.

If I get bonus bets, can I withdraw them from BetMGM immediately?

No, bonus bets have attached wagering requirements that you need to meet. You must bet the bonus amount a specific number of times — once, in the case of BetMGM — before it can be withdrawn as real cash.

I’m already registered at BetMGM; can I still use the promo code(s)?

No, the BetMGM promo code unlocks an offer that's for new members only. Existing users can take advantage of ongoing promotions and bonuses available on the platform.

What is a bonus code for BetMGM?

The SBR-verified BetMGM bonus code is SBRBONUS. Simply enter it into one of the registration boxes, and with this code activated, you’ll be eligible for a refund, of $158 in bonus bets.