- Learn The Lines
- May 27th, 2022
BetMGM offers a world-class online sportsbook, the country’s number one online casino, a comprehensive racebook and an online poker room. It is a joint venture between two large, ambitious companies: MGM Resorts International and Entain. The former owns some of the most glamorous casinos in the United States, including Bellagio, MGM Grand and Borgata, and the latter is an online gambling heavyweight based in the UK.
They have invested $1 billion in turning BetMGM into one of the most popular brands within the flourishing US gambling industry, and they are now determined to claim top spot. That is great news for prospective customers, because it means you will receive large bonuses, excellent features and a terrific all-round user experience. This BetMGM review assesses the promotions, the sign-up steps, the loyalty program, deposits, withdrawals, mobile app capabilities, the customer service and other important considerations for bettors.
The brand was initially called PlayMGM when it launched in New Jersey. It was renamed BetMGM in 2019. BetMGM Sportsbook has expanded out of New Jersey and Nevada into more than a dozen additional states across the country. It is one of the top three online sportsbooks in the United States, along with FanDuel and DraftKings.
BetMGM also has the most popular online casino in the country. Its racebook is live in Florida, Louisiana and Ohio, and it has an online poker room in Pennsylvania, New Jersey and Michigan. The brand is licensed and regulated in each state it operates in. Its co-owners are large companies that trade on major stock markets, and it is a perfectly legitimate, trustworthy operation.
BETMGM Bonus & Promo Codes
BetMGM offers a wider selection of bonus and promo codes than any of the rival gambling sites it squares off against. New sportsbook customers will receive a $1,000 risk-free bet. If your first bet is settled as a loser, you will receive a refund of up to $1,000.
It will be paid out in BetMGM site credit, and it has a 1x wagering requirement. If the refund is less than $50, you get a single free bet token. If it is larger than $50, it will be divided into 20% denominations. Any profit you earn from the bets you place with the tokens will go into your cash balance.
BetMGM also has a history of launching short-term promotions for new sports bettors. One great example was a “Bet $10, Get $200” offer, where you could bet $10 on a game and get $200 in free bet credits. The credits were awarded even if the $10 qualifying bet ended up losing.
You can then benefit from around 10 additional sports betting bonuses each week. It will give you a $10 free bet token on a Monday if you bet $50 or more in the prior seven-day period. There are additional free bet tokens available too. For example, you can bet $25 on an NHL game and get a $10 free bet.
BetMGM Sportsbook is great for parlay bonuses. It boosts profits by up to 40% on winning parlays with between four and seven legs. It also gives you one game parlay insurance on NFL, NBA, MLB, NHL and EPL games, plus overtime insurance on NHL games. You can also look out for short-term bonuses, contests, prizes draws and odds boosts, known as Lion’s Boosts.
There are additional bonuses for the casino, racebook and poker room. New online casino customers will get a 100% match deposit sign-up bonus up to $1,000, plus $25 on the house in bonus credit.
BETMGM Sign Up Process
BetMGM makes the sign-up process easy. If you click the link on this page, you will be redirected to BetMGM.com, where Jamie Foxx will greet you. Follow these steps to sign up for your BetMGM account:
- Select your state and then hit the “Register” option at the top of the screen.
- Decide if you want to register with PayPal details or Yahoo! Sports details, or proceed with the normal sign-up procedure. If you choose the latter option, type an email address in, select a password and continue to the next stage.
- BetMGM may need more details to verify your identity for KYC (Know Your Customer) purposes. If so, it will ask you to upload a driver’s license and potentially a recent household bill.
- When you are approved, you can make your first deposit and claim the bonus.
BETMGM Loyalty, Rewards and VIP Program
MGM Rewards replaced the previous loyalty program, M life Rewards, in early 2022. You earn Rewards Points and Tier Credits when you place bets at BetMGM. Credits can also be accrued at MGM Resorts properties, including Bellagio, Mandalay Bay and MGM Grand in Las Vegas, Borgata in Atlantic City, MGM Grand Detroit, Beau Rivage and Gold Strike in Biloxi, and additional venues in Maryland, Massachusetts, New York and Ohio, plus Hyatt Hotels.
Players can exchange the Rewards Points for site credit. Each point is worth $0.01. You receive a single point for every $1 spent, so it amounts to a 1% cashback rate. The Tier Credits determine which loyalty level you are placed in. The higher tiers are the VIP levels. If you fall into one of them, you can receive plenty of perks at MGM Resorts venues, including free meals and hotel stays.
BETMGM Deposit & Withdrawals
We have outlined the various BetMGM deposit and withdrawal options in the chart below. As you can see, it provides more banking methods than most of the gambling sites it competes with.
The minimum deposit is $10 and the minimum withdrawal is $20 at BetMGM. You will not be charged any fees for deposits or withdrawals. Deposits will hit your BetMGM account instantly, but withdrawals vary.
BetMGM payout requests are always subject to a review period that lasts up to five days. We have listed the withdrawal times in the chart below. They explain how long it will take for the funds to arrive after the review period. For example, an e-check takes 3-7 days, but it means you will be waiting for 8-12 days after factoring in the review days. BetMGM is therefore slow to pay out compared to rival betting sites.
Payments are secure and reliable, so you will always get your money. There are no upper limits, but payment providers cap payments, so high stakes players can contact the support team to discuss the best way to make a large withdrawal.
How to Withdraw Money From BETMGM
Just visit the cashier section of the app or the website and click “Withdraw” to initiate a payout from your BetMGM account. You can select your payment method. If you want to use an option like PayPal or Play+, you will need to have used it for a recent deposit too. Type in the amount you want to withdraw – starting at $20 – and click to confirm. The payment will be pending during the review period, and the funds will then be with you in the time specified in our chart above.
You will be able to download the BetMGM from Google Play or the App Store. There is a separate app for each product – sportsbook, casino, racebook and poker – but they all run on Entain’s world-class software. As you will see when you visit the app store, each of the BetMGM apps has garnered very high average user ratings.
A BetMGM app takes less than a minute to download, and you can login instantly. You will be able to place bets on the go and benefit from all sorts of features, including live streaming, stats and the “Edit My Bet” option. It is a dependable, attractively designed app. You may find some rival apps are a little quicker, but they do not provide as many features, betting options, sports events or casino games as BetMGM.
BetMGM takes bets on all the most popular sports from around the world. You can bet on football, basketball, baseball, golf, MMA, hockey, tennis, soccer, boxing and motorsports. It also accepts bets on athletics, Australian Rules, cricket, cycling, darts, handball, lacrosse, rugby, snooker, table tennis, volleyball, winter games and water polo.
You will be able to bet on all the biggest leagues, such as NFL, NBA, MLB, NHL, WNBA and NCAA football and basketball, but it also features hundreds of tournaments in Europe, Asia, Australia, Africa, South America and Central America. There are thousands of games to bet on every week.
BETMGM Sports Betting Markets & Lines
You should be able to choose from a range of more than 200 betting options when checking out an NFL, NBA, MLB, NHL or soccer game. Yet they are not just displayed in one long slab of text. Entain’s software lays them out in neat, logical categories, with lots of shortcuts, which helps you find bets you are interested in quickly.
There are lots of different lines, totals, combinations, game props, team props and player props. A “One Game Parlay” tool lets you make your own combinations too. You can also bet on a specific quarter of a game or the first or second half, or a period. There are futures bets too.
On the whole, the odds are pretty good. BetMGM does not need to pay a white-label provider like Kambi for technology or risk management, so it should be able to take a lower house edge and still make a profit. As an aside, it is actually operating at a loss right now as it spends so much on promotions, so take advantage while you can. It has standard lines (-110 on either side), but BetMGM’s moneylines and props are often appealing.
BETMGM Live Betting
BetMGM has a tremendous live betting section. It is a lot more comprehensive than rival live betting sites, covering many sports in exceptional detail and providing loads of live betting options.
You can place live bets using the BetMGM mobile app, as long as you are in a state that has issued the company a license. A GeoComply plugin will be required to verify that you are in one of those states.
BETMGM Live Streams
This is possibly the best feature at BetMGM. It also has One Game Parlay, Edit My Bet, Early Cash Out and Lion’s Boost features, plus pre-game stats and a blog, but this one really sets BetMGM apart. Not only can you watch live streams of obscure soccer, tennis and table tennis matches, but you can also watch NBA and NHL games in real time on the app or the site. That is a great option for players.
It’s not hard to see why BetMGM Casino has left its rivals in the dust. It has a range of around 700 casino games, many of which are exclusive to BetMGM. Most notably, it operates an exclusive, in-house progressive jackpot network that has paid out seven-figure prizes to some lucky customers. The other online casinos in the country, such as DraftKings, FanDuel and WynnBET, cannot offer that option right now.
The BetMGM Casino is also really user-friendly. It has great bonuses too. You will get a $1,000 deposit match, plus $25 on the house. The bonus credit has a 15x rollover requirement on slots, but it goes higher if you use it on high RTP table games. There are additional offers, such as leaderboards and site credit promotions, and bets made earn you MGM Rewards Points.
BetMGM co-owner Entain also owns the popular PartyPoker brand, so it had the in-house expertise to launch BetMGM Poker in 2021. There is also a sister brand called Borgata Poker, and they operate on the same network in New Jersey and Pennsylvania. BetMGM Poker is also available in Michigan.
The network features plenty of different poker variants, with tournaments and cash games of all buy-in levels, along with features such as Fast Forward, Spin the Wheel and Grind Rewards. You will get $25 in bonus credit when you sign up, along with a 100% deposit match offer.
BETMGM Horse Racing
Entain also has a lot of experience in the horse racing sector, as it owns European brands such as Ladbrokes, Coral and Bwin. It has created a comprehensive racebook for BetMGM, covering all the action from across the USA and the biggest events from around the world.
The racebook utilizes technology from the New York Racing Association. The platform covers thoroughbred, harness and Quarter Horse Racing. It is currently available in Florida, Louisiana and Ohio.
BetMGM does not currently offer betting on esports. Most states do not permit esports betting, so it is not a major priority for the company right now. That could change in future, as Entain’s European sites offer esports betting, and it recently purchased a major esports brand called Unikrn.
BETMGM Virtual Sports Betting
There is a virtual sports section within the BetMGM Casino. You can bet on virtual football, basketball, soccer, horse racing, motor racing, dog racing and even marble racing. Random Number Generators determine the results, and you can place various bets on the virtual action.
BETMGM Customer Service & Contact
BetMGM’s customer support department is open 24 hours a day. You can contact the team through the live chat option or by sending an email. The customer service agents responded to our requests quickly and professionally when we tried it out. There is also a detailed help center within the site and the mobile app.
Gives you more features than rival sportsbooks, including live streaming and Edit My Bet tools.
Offers hundreds of prop bets and a One Game Parlay builder.
Provides loads of bonuses and runs a great loyalty program.
Hosts the best online casino in the country, along with a burgeoning poker room and racebook.
Slower to process payout requests than some competing betting sites.
Not as beginner-friendly as sportsbooks like DraftKings and FanDuel.
What is BetMGM?
BetMGM is an online sportsbook, casino, racebook and poker room brand brought to you by MGM Resorts International and Entain. It is the second largest online gambling operator in the United States, with a reputation for great features, large bonus offers and appealing sports betting odds. LearnTheLines.com has reviewed BetMGM in great detail, so visit our page to find out more about this popular online betting company.
Where is BetMGM legal?
BetMGM online sportsbook is legal in Arizona, Colorado, Illinois, Iowa, Indiana, Louisiana, Michigan, Nevada, New Jersey, New York, Pennsylvania, Tennessee, Virginia, West Virginia and Wyoming, and it has retail sportsbooks in many states. BetMGM Casino is live in New Jersey, Pennsylvania, Michigan and West Virginia. The racebook is in Florida, Louisiana and Ohio, and the poker room is up and running in Michigan, New Jersey and Pennsylvania.
How long does BetMGM Withdrawals take?
BetMGM withdrawals are subject to an internal review period of up to five business days. If you select Play+, you will then receive your funds within six hours, while PayPal takes up to 24 hours. Additional methods take between one and 20 business days, depending upon the withdrawal option you select.
Does BETMGM offer promos?
BetMGM offers a sign-up bonus for new customers – one for the sportsbook, another for the casino. You can then claim a wide selection of additional bonuses, including parlay boosts, odds boosts, free bets, risk-free bets, prize draws and same game parlay insurance. There is also a loyalty program called MGM Rewards.
BetMGM Accepted Payment Methods
Sports To Bet On At BetMGM
|Date Reviewed:||27th May 2022|
|Availability:||PA, WV, IO, MI, COL, IL, IN, NY, NJ, VA|