BetMGM, one of the leading sports betting sites, offers the choice between two welcome promos in most BetMGM sports betting states. Either BetMGM bonus code can be activated unless you’re located in New York, which is excluded from both promos.

You can get started with a new BetMGM account and a minimum $10 deposit. Here are the two BetMGM bonus codes and promos of which you can activate one as a new customer.

The first offer is an exclusive 20% deposit match which starts with a minimum $10 deposit. The minimum deposit earns $2 in sports bonus all the way to a maximum $8,000 deposit earning the full $1,600 in bonus.

This promo is unique in that no first bet is required to start earning the bonus. However, BetMGM has a cash betting requirement later to access any cash in your account.

You’ll need to cash bet 10x the bonus earned (it can be across multiple bets) within 30 days to withdraw any cash you’ve earned along the way.

Alternatively, you can elect to cover your first bet up to $1,500 if it doesn’t go your way. Meanwhile, if you nail your first bet, it profits cash and the stake but you don’t earn the bonus.

BetMGM only requires a $10 deposit and cash bet of any size for this promo so any market or odds are open to you. However, we recommend this offer for those looking to place a bigger size wager of $500 or more or on plus money odds.

Imagine I made a $500 deposit, earning $100 in sports bonus. The bonus is earned from the deposit alone and lasts for seven days in my account.

I can use the sports bonus on wagers within BetMGM to potentially profit cash if they win. However, I can’t access those cash winnings in my account until I meet the next requirement.

BetMGM requires 10x the bonus wagered within 30 days. In the example above, I would need to bet $1,000 (10 x $100) in total cash bets over the 30 days to unlock any cash in my account.

The first bet insurance is easy to navigate and requires a $10 deposit and cash bet of any size to get started. Let’s say I placed $100 on the New York Rangers to win the Eastern Conference at +130.

Here’s how the promo works.

A win profits $130 and returns the $100 stake. I now have $230 in cash to use on other bets or withdraw to my bank account.

Meanwhile, a miss means BetMGM would send bonus bet payments to recoup my $100 stake miss. I’ll have seven days to use the bonus bet payments from when they hit my account.

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