BetMGM First Bet Offer: Up To $1500 In Bonus Bets

6 min read

Welcome Bonus

21+
BetMGM First Bet Offer: Up To $1500 In Bonus Bets
BetMGM Sportsbook
Sportsbook Review
Medium
to obtain
1x
wagering req.
7 days
wagering period
$10
min. entry
$1,500
max. entry
sportsbook Review
Claim Your Bonus

Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA) 21+ only. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Rewards are non-withdrawable bonus bets that expire in 7 days. In partnership with Kansas Crossing Casino and Hotel. See BetMGM.com for Terms. US promotional offers not available in DC, Mississippi, New York, Nevada, Ontario, or Puerto Rico.

About the First Bet Offer

The BetMGM $1,500 First Bet Offer is available to new sportsbook users in eligible states. Users can place their first real-money wager after registering and depositing at least $10. BetMGM will refund the stake up to $1,500 in non-withdrawable Bonus Bets if that first bet loses.

Bonus Bets are credited once the qualifying wager settles. If the lost wager is over $50, the refund is split into five equal Bonus Bets; under $50, it's issued as a single Bonus Bet. Bonus Bets must be used within 7 days, cannot be cashed out, and any winnings from them exclude the original stake.

Gambling problem? Call 1-800-GAMBLER (Available in the US).

Pros & Cons

Pros
Low $10 deposit encourages controlled spending
1x playthrough is simple and transparent
Available in 16 states
Cons
$1,500 cap may encourage risky first bets
Bonus Bets not withdrawable; real value is lower
7-day expiry can lead to excessive wagering

How to Claim

The BetMGM First Bet Offer is available to new sportsbook users physically located in the following eligible U.S. states:

Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, New Jersey, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming.

Steps to Claim:

  1. Download the BetMGM Sportsbook app (iOS/Android) or visit BetMGM.
  2. Register and verify your account.
  3. Deposit a minimum of $10.
  4. Place your first real-money sports bet.

If your qualifying bet loses, BetMGM refunds the stake up to $1,500 in Bonus Bets. Bets over $50 are refunded as five equal Bonus Bets; bets under $50 are refunded as a single Bonus Bet. Bonus Bets must be used within 7 days, are non-withdrawable, and winnings exclude the stake.

BetMGM Sportsbook

Popular Rewards Program

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icon-21+
CAD
USD
VISA
6895
User reviews
$10
Min. First Deposit
Varies
Max. Withdrawal
1-5
Withdrawal Speed
1-4.7%
Vig

Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA) 21+ only. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Rewards are non-withdrawable bonus bets that expire in 7 days. In partnership with Kansas Crossing Casino and Hotel. See BetMGM.com for Terms. US promotional offers not available in DC, Mississippi, New York, Nevada, Ontario, or Puerto Rico.

Key Terms & Conditions

TermDetails
EligibilityNew users aged 21+ located in eligible states: AZ, CO, IL, IN, IA, KS, KY, LA, MA, MD, MI, NJ, OH, PA, TN, VA, WV, WY.
Minimum Deposit$10
Qualifying Bet RequirementFirst real-money wager after deposit must be placed using cash (not Bonus Bets or other promo tokens).
Bonus MatchIf the first bet loses, users receive Bonus Bets equal to the lost stake, up to $1,500.
Bonus Bets Structure- Wagers over $50 = five equal Bonus Bets 
- Wagers under $50 = one Bonus Bet equal to wager amount
Redemption TimelineBonus Bets are credited within 24 hours after the first wager settles.
Withdrawal RulesBonus Bets are non-withdrawable and cannot be cashed out.
Bonus WinningsIf a Bonus Bet wins, only net winnings are credited (the value of the Bonus Bet stake is not returned).
Usage RestrictionsBonus Bets are valid for sports wagers only on BetMGM Sportsbook and cannot be used on other BetMGM brands like Casino or Poker.

FAQs on the $1,500 First Bet Offer

Important Rules and Limitations to Understand

Can I split my qualifying bet into multiple wagers?

No. The offer only applies to a single, first wager. Multiple smaller bets will not qualify as a single qualifying bet.

What types of bets are eligible for the First Bet Offer?

Most straight bets, parlays, and same-game parlays qualify, as long as they are placed with real money. However, voided or cashed-out bets are not eligible.

Can I use odds boosts or promotional tokens on my first bet?

No. If your first bet includes odds boost tokens, bonus bets, or other promos, it will not qualify for the offer.

Do I need to enter a promo code to activate the bonus?

No promo code is required if you sign up through an eligible offer link. The promotion is applied automatically when you meet the deposit and wager criteria.

What happens if my Bonus Bets expire before I use them?

Unused Bonus Bets are forfeited after 7 days and cannot be reissued. Make sure to check your account for expiration notices.

Are winnings from Bonus Bets immediately withdrawable?

Yes, net winnings from Bonus Bets are withdrawable after settlement, but the original Bonus Bet amount is not returned.

Can I participate in other new customer promos after using this one?

No. Once you claim the First Bet Offer, you are ineligible for any other BetMGM "new customer" sports promotions.

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Legal Disclaimer

The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information.

Readers of this website should contact their gaming attorney to obtain advice with respect to any particular legal matter. No reader, user, or browser of this site should act or refrain from acting on the basis of information on this site without first seeking legal advice from gaming counsel in the relevant jurisdiction. Only your individual attorney can provide assurances that the information contained herein and your interpretation of it is applicable or appropriate to your particular business. Use of, and access to, this website/portal or any of the links or resources contained within the site do not create an attorney-client relationship between the reader, user, or browser and BetMGM or its website authors, contributors, contributing law firms, or legal department members.

All liability with respect to actions taken or not taken based on the contents of this site are hereby expressly disclaimed. The content on this posting is provided “as is;” no representations are made that the content is error-free.

See BetMGM.com for Terms. US promotional offers are not available in DC, Mississippi, New York, Nevada, Ontario, or Puerto Rico.

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