BetMGM Promo Code June 2026
BetMGM markets itself as the King of Sportsbooks and its welcome offer is consistently one of the best in the market.
Here, we will cover current BetMGM welcome offers and promo codes, how they work, what varies by state and what ongoing promotions are available once you are an existing user.
- Claim your bonus at BetMGM
- The bonus code for BetMGM is
- Current Welcome Offers June 2026
- How to Claim the BetMGM Promo Code
- How the BetMGM Welcome Offer Vary by State
- Existing User Promotions
- How the BetMGM Bonus Compares to Other Welcome Offers
- Key Terms to Know
- Questions and answers regarding the BetMGM bonus code
Claim your bonus at BetMGM
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#1EDITOR’S PICK
Up to $1,500 back in Bonus Bets if first bet losesPayout Instant – 3 Days Licensed & Legal Min $5 iOS & AndroidUp to $1,500 back in Bonus Bets if your first bet loses, making it one of the largest first-bet offers available MGM Rewards program converts betting activity into points redeemable at MGM and Marriott properties nationwide Official partner of the NFL, NBA, MLB, NHL, and PGA Tour, with deep market coverage across all major American sportsPROMO CODE BETMGMBONUS
The bonus code for BetMGM is
Unlike FanDuel and DraftKings, which typically apply their welcome offers automatically through a sign-up link, BetMGM requires you to enter a promo code during registration to unlock the welcome bonus.
The specific code varies depending on which partner site you come from, but the offer attached to most major codes is the same.
The code to use right now is that will all unlock the same core welcome offer for respective states.
Always check the promotions page of the site you are signing up through to confirm which code is active before you register, as codes cannot be applied retroactively after account creation.
Current Welcome Offers June 2026
BetMGM currently runs two different welcome offers depending on your state. New BetMGM users get to take their pick and choose one of two welcome promos depending on their location.
Offer 1: Up to $1,500 Back in Bonus Bets if Your First Bet Loses
This is the main offer and the one available in the majority of BetMGM states. The bonus amount is equal to the stake you lost on the first bet, up to $1,500. Bonus bets should be received shortly after the first bet is lost. If your first bet wins, it gets paid out like any other bet.
| Detail | Info |
|---|---|
| Offer | Up to $1,500 back in bonus bets if first bet loses |
| Promo code required | Yes |
| Minimum deposit | $10 |
| Minimum odds | None |
| Also includes | $50 BetMGM Reward Points instantly |
| Bonus expiry | 7 days after receipt |
| Playthrough | 1x |
| Minimum age | 21+ (18+ in KY) |
Offer 2: Bet $10, Get $150 if Your First Bet Wins
This alternative offer is available in select states and follows a bet-and-get structure. You Bet $10, and get $150 if your first bet wins.
Please note that this promo is available for first-time users in Michigan, New Jersey, Pennsylvania, and West Virginia.
| Detail | Info |
|---|---|
| Offer | Bet $10, get $150 in bonus bets if first bet wins |
| Minimum deposit | $10 |
| Minimum odds | None |
| Bonus expiry | 7 days after receipt |
| Available in | MI, NJ, PA, WV |
Each bettor is only eligible for one BetMGM new player bonus. Even if both offers are available in your state, you must pick one.
For most bettors, the $1,500 first-bet insurance is the stronger value because it guarantees a return regardless of outcome. The $10/$150 offer suits bettors who prefer a lower upfront commitment and are confident enough in their first pick to make the bonus conditional on a win.
How the $1,500 Refund Is Structured
The way BetMGM pays out the first-bet refund is more flexible than most books. As long as your first bet is for $50 or more, you get five bets as a refund instead of just one.
For example, if you make and lose a $100 bet, you receive five $20 bonus bets, as opposed to a single $100 bet like you would get at Caesars Sportsbook.
If the initial bet was $49 or less, you get one bonus bet equal to the original stake. If the bet was $50 or larger, you receive five bonus bet tokens, each worth 20% of the initial bet.
This split structure gives you more flexibility than a single large token. Five separate bonus bets let you spread your risk across different markets and bet types, which is generally a smarter approach than putting a single large bonus bet on one outcome.
How to Claim the BetMGM Promo Code
Download the BetMGM Sportsbook app on iOS or Android, or visit betmgm.com.
Sign up and deposit at least $10 into your BetMGM Sportsbook account. Place your first wager and receive up to $1,500 back in bonuses if the bet loses.
When filling in the registration form, enter your chosen promo code in the bonus code field before completing sign-up. The code must be entered at registration and cannot be added afterward. You will need your name, date of birth, address, email, phone number, and the last four digits of your Social Security number to complete the process.
There are no minimum odds requirements on the qualifying first bet. You can place it on any sport, any market, and at any price available on the platform.
How Bonus Bets Work at BetMGM
BetMGM Sportsbook pays out their first-bet offer in what they refer to as Sports Bonus. It behaves a lot like cash in your account, but there are a few differences.
First, BetMGM Sports Bonus must be used in the sportsbook. Second, you cannot cash out your balance until you have fulfilled the wagering requirement.
Bonus funds are subject to a 1x playthrough requirement, meaning you need to wager the bonus amount once before it becomes withdrawable. Only winnings are withdrawable; the stake itself is not included. Bonus bets expire after seven days regardless of whether they have been used.
How the BetMGM Welcome Offer Vary by State
Yes. While many promotions are consistent across BetMGM markets, some states run unique welcome offers due to local regulations. Always review the terms and conditions in your state before claiming.
$1,500 first-bet insurance states
The $1,500 first-bet offer is available in AZ, CO, DC, IL, IN, IA, KS, KY, LA, MA, MD, MI, MO, NJ, OH, PA, TN, VA, WV, and WY.
$10/$150 bet-and-get states
The Bet $10, Get $150 alternative offer applies in MI, NJ, PA, and WV. Users in these states can choose either offer but can only claim one.
States where BetMGM is not available
Promotional offers are not available in Mississippi, New York, Ontario, or Puerto Rico. New York is notably absent from welcome promo eligibility despite being a large sports betting market, due to the state’s specific restrictions on sportsbook promotional activity.
Existing User Promotions
BetMGM offers rotating deals to ensure users stay engaged. You do not need a specific promo code for existing users to grab these.
Lion’s Boost
One of BetMGM’s signature offers for existing customers is the Lion’s Boost, which serves as the sportsbook’s version of enhanced odds.
These promos take pre-selected bets or parlays and raise the payout odds. For example, a line that originally sat at +160 might be boosted to +200. Lion’s Boosts are typically offered daily and often spotlight major matchups like NFL Sundays, NBA playoff games, or Premier League soccer.
Odds boost tokens
An odds boost will increase the potential payout of your bet. For example, the potential payout on a $100 bet with +100 odds is $200 including stake. With a 25% odds boost to +125, the potential payout increases to $225. BetMGM posts sport-specific boost tokens regularly, covering NBA playoffs, Stanley Cup playoffs, golf majors, and European soccer competitions throughout the year.
No Sweat tokens
BetMGM also has no-sweat offers that work just like the welcome bonus, meaning you get a bonus bet back if your qualifying bet loses. The NBA No Sweat Token, for example, gives users their stake back in bonus bets worth up to $1,000 on eligible NBA wagers.
EPL Early Payout
When betting on EPL match result odds, you can receive an early payout if your team takes a 2-0 lead. This is one of BetMGM’s most popular soccer promotions and removes all late-game variance for bettors who back a team that builds a two-goal cushion.
Multi-Sport Parlay Boost
If you want to build a parlay with NFL moneylines, NBA spreads, and NHL puck lines, look in your account for a Multi-Sport Parlay Boost. The parlay boost changes the odds to give you a bigger potential payout. These tokens are refreshed regularly and are particularly common during the major American sports seasons when multiple leagues are running simultaneously.
Refer a Friend
You can earn up to $2,000 each month with Refer a Friend bonuses. Once your friend registers and meets the requirements, you will both receive a $100 referral bonus.
Free-to-enter contests
BetMGM runs a number of free-to-enter contests. Winning money from these is challenging because so many people enter, but you have nothing to lose. These include pick’em style contests tied to major sporting events with prize pools distributed in bonus bets.
Personalized promotions
BetMGM personalizes promotions based on your betting history, activity level, and location. Regional restrictions also apply. That is why two players may see different reloads, bonus bets, or loyalty offers at the same time. Checking the promotions tab in the app regularly is the best way to stay on top of what is available to your specific account.
MGM Rewards
Every bet placed at BetMGM earns BetMGM Reward Points, which feed into the broader MGM Rewards ecosystem. BetMGM Reward Points can be converted to MGM Reward Points, Marriott Bonvoy Points, merchandise, and more.
For bettors who also visit MGM hotels, casinos, or restaurants, or who hold Marriott Bonvoy status, this integration adds genuine value that extends well beyond the sportsbook itself.
How the BetMGM Bonus Compares to Other Welcome Offers
BetMGM’s first-bet insurance structure is fundamentally different from most of the other major books in the market.
Where FanDuel and DraftKings use bet-and-get structures built around small qualifying wagers, BetMGM is designed for bettors who want protection on a larger first bet. Here is how it stacks up against the five other books covered on this site.
| Sportsbook | Welcome offer | Promo code | Structure | Conditional? |
|---|---|---|---|---|
| BetMGM | Up to $1,500 back if first bet loses | Required | First-bet insurance | Triggered by losing |
| FanDuel | Bet $5, get $150 if first bet wins | Not required | Bet and get | Yes, must win |
| Caesars | Bet $1, double winnings next 10 wagers | Required | Profit boost per wager | Yes, per wager |
| Fanatics | Bet $5, get $200 in FanCash + 10 days no-sweat | Required | Bet and get plus daily insurance | No |
| BetRivers | Up to $500 back if first bet loses | Not required | First-bet insurance | Triggered by losing |
| Underdog | Play $5, get $50 in bonus entries | Not required | Bet and get | No |
The BetMGM offer stands out as the most valuable in dollar terms and the most risk-friendly in structure, because something is guaranteed on a losing first bet regardless of how much you stake up to the $1,500 cap.
When compared to DraftKings the main point is that DraftKings guarantees a return even if you win, while BetMGM only triggers the bonus on a losing first bet. The tradeoff compared to FanDuel is that FanDuel only pays the bonus on a winning first bet but requires a smaller minimum qualifying wager.
How To Get the Most from the BetMGM Welcome bonus
The most important thing to understand about this offer is that the refund comes back as bonus bets, not cash. That distinction matters more than most people realize. If you lose a $500 first bet, you get $500 in bonus bets but you still need to win with those to see any withdrawable money. So treat this like any normal wager, not as a safety net that makes a reckless bet sensible.
Bet at least $50 to unlock five separate tokens. The split into five bonus bets at 20% increments each is significantly more flexible than a single large token. Betting at least $50 on your qualifying wager ensures you receive this structure if it loses.
There are no minimum odds. You can place the qualifying bet on any market at any price, including heavy favorites. A bet on a strong favorite maximizes your chances of winning outright in cash rather than triggering the insurance.
Do not cash out before settlement. Cashing out a bet early can void your eligibility for the insurance refund even if the bet is in a winning position.
Use the bonus across different markets. Spreading five tokens across different sports and bet types gives you more chances to generate withdrawable cash profit from the bonus.
Key Terms to Know
- Promo code is a code entered during BetMGM registration that unlocks the welcome offer. It must be entered at the time of sign-up and cannot be applied afterward.
- First-bet insurance is a welcome structure where a losing first bet is refunded in bonus credit up to a maximum amount. Different from a bet-and-get offer where the bonus is earned by placing any qualifying bet.
- Bonus bets are promotional credits used to place wagers but not withdrawable directly. Only the profit from a winning bonus bet is added to your withdrawable balance.
- 1x playthrough means bonus bets must be wagered once before associated winnings can be withdrawn. BetMGM’s 1x requirement is among the lowest in the US market.
- Lion’s Boost is BetMGM’s branded daily odds boost offer for existing users, featuring pre-selected bets and parlays at enhanced payout odds.
- BetMGM Reward Points are loyalty points earned on every qualifying wager, redeemable for MGM Reward Points, Marriott Bonvoy Points, and merchandise.
- MGM Rewards is the broader loyalty program operated by MGM Resorts International. Points earned through BetMGM are redeemable at MGM hotels, casinos, and restaurants across the country.
- No Sweat token is a promotional credit that refunds your stake in bonus bets if a qualifying bet loses. Works similarly to the welcome offer but is available to existing users on selected markets.