BetMGM is one of America’s leading sports betting brands and currently has a dual offer structure in 18 states. You can use the BetMGM bonus code NYPNEWS to unlock a $1.5K bet insurance offer or the BetMGM bonus code NYPNEWS1600 to get a 20 percent deposit match with a $1.6K cap.
Bet insurance offers are fairly common place among the American betting landscape and this is one of the most generous welcome promotions on the market. With this offer, you’ll get your full stake back as bonus bets in the event that your initial cash wager loses. Since there’s a $1.5K cap, you could potentially get $1,500 in bonus bets if your first wager settles as a loss.
Activate the bet insurance offer with this link or the module below.
The deposit match is a bit different. It’s a fractional deposit match so you’ll get 20 percent of whatever cash you put down. This offer has a $1.6K cap, so you’d have to deposit $8,000 in total to max out. Additionally, you’ll have to meet a 10x wager requirement over the first 30 days to maintain your eligibility.
So if you put down $400 in cash, you’ll get $80 as sports bonuses credited to your account. From that point, you’ll need to wager $800 over 30 days to keep your eligibility.
You can activate the $1.6K cap deposit match with this link or the module below.
- NYPNEWS: $1.5K Bet Insurance, available in AZ, CO, IL, IN, IA, LA, KS, KY, MA, MD, MI, NJ, NC, OH, PA, TN, VA, WV, WY
NYPNEWS1600: 20 Percent Deposit Match, available in AZ, CO, IL, IN, IA, LA, KS, KY, MA, MD, MI, NJ, NC, OH, PA, TN, VA, WV, WY
Unfortunately, there are no available offers New York, Nevada or Washington D.C.
About the BetMGM bonus codes
There are some core principles that apply to both offers that we’ve outlined below. Keep these in mind before claiming either offer.
- Both offers are only available for new customers
- Only players who are 21 or older are eligible
- You’ll need to make a cash deposit to register your account, regardless of which offer you claim
- Any bonus bets earned will remain valid for seven days from the point of distribution
With all that in mind, we’ve outlined some potential wagers for each offer below.
The bet insurance offer is a solid entry point into sports betting, as you’ll get your full cash stake back in bonus bets if your initial wager settles as a loss. There’s a $1.5K cap with this offer so you’ll be covered up to $1,500.
Say you put down a $600 cash wager on the Ducks moneyline +270. A win would garner $1,620 in profit but you would not collect any bonus bets. Even if the bet lost and you forfeited the cash, you’d collect $600 in bonus bets.
On the other hand, the deposit match offer is a complex but potentially worthwhile. Say you deposit $2,500 in cash, you’d then get $500 as sports bonuses. So, if you wanted to deploy the full value of the sports bonuses on a moneyline, you could put down the full $500 on the Blackhawks moneyline at +285 and collect a potential $1,425 in profit.
Regardless of how much you put down on that first wager, you’d still need to $5,000 over your first 30 days.
Signing up with BetMGM
- Use one of the modules above to access BetMGM
- Input the personal details to establish your account (home address, birthdate, etc.)
- In the promo code field NYPNEWS
- Make an initial cash deposit to register your account
- Place an initial cash wager to trigger one of these offers
- Collect your bonus bets!
21+. Gambling problem? Call 1-800-GAMBLER. AZ, CO, IA, IL, IN, LA, KS, KY, MA, MD, MI, NC, NJ, OH, PA, TN, VA, WV, WY. Call 877-8-HOPENY or text HOPENY (467369) (NY). Call 1-800-327-5050 (MA). 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Participant must complete the Wagering Requirements and satisfy the (10x) playthrough requirement. Visit BetMGM.com for Terms & Conditions.