BetMGM Bonus Code: Up to $1,500 in Bonus Bets

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4.7/5


UP TO $1,500 WELCOME BONUS!

BetMGM Bonus Code for June 2024

Sign up for a new BetMGM Sportsbook account using the bonus code PLAYLSR, and you’ll receive a new player bonus worth up to $1,500 in bonus bets. Simply sign up, deposit at least $10, and wager $5 or more. If that first wager loses, BetMGM will refund your wager with bonus bets up to $1,500.

VALID THROUGH June 2024


BONUS CODE

PLAYLSR

BETMGM TOTAL BONUS

$1,500


First BET
Refund

$1,500

in bonus bets


Minimum
Deposit

$10

States
Offered

VA

States Offered

AZ, CO, DC, IL, IN, IA, KS, KY, LA, MA, MD, MI, MS, NJ, NC, OH, NV, NY, PA, TN, VA, WV & WY – Note: Offer not available in NV or NY

BetMGM Bonus Code Terms and Conditions

Sign up using the BetMGM bonus code PLAYLSR and get up to $1,500 in bonus bets if your first bet loses. Here’s precisely how it works:

  • Open a new account and enter PLAYLSR into the BetMGM Sportsbook promo code field.
  • Deposit $10 or more.
  • Place your first bet for at least $5.
  • If that bet loses, BetMGM refunds 100% of your losses for up to $1,500. The refund comes in the form of bonus bets.
    • If your first bet is for $49 or less, the refund comes as a single bonus bet.
    • If your first bet is for $50 or more, the refund comes in five bonus bets, each equal to 20% of your losing bet. So a $500 losing bet would result in you getting five $100 bonus bets.
  • Bonus bets must be wagered, and while the value of the bonus bet does not transfer over if you win your bet, the winnings are yours to do with as you please.
  • You have seven days to use your bonus bets before they expire.

BetMGM new user promo

The current sign-up offer at BetMGM is a first-bet bonus. It’s worth up to $1,500 if your first bet loses. To claim the offer, sign up using the BetMGM bonus code PLAYLSR. Then, deposit $10, and wager any amount from $5 to $1,500. If that bet loses, BetMGM will refund your stake in bonus bets.

If your first bet is for $49 or less, BetMGM will refund you with a single bonus bet for the full amount of your wager. If your first bet is for $50 or more, BetMGM will award you five bonus bets, each for 20% of your initial stake (e.g., a $200 bet is refunded as five $40 bonus bets).

BetMGM Sportsbook Bonus CodePLAYLSR
Total Sign-up Bonus$1,500
First Bet PromoLosing first bet refunded up to $1,500 in bonus bets
Minimum Deposit$10
BetMGM Legal StatesAZ, CO, DC, IL, IN, IA, KS, KY, LA, MA, MD, MI, MS, NJ, NC, OH, NV, NY, PA, TN, VA, WV & WY – Note: Offer not available in NV or NY
Mobile AppiOS and Android
Deposit OptionsCredit card, debit card, ACH echeck, BetMGM Play+, check by mail, online banking transfer, PayNearMe, PayPal, retail casino cashier, Skrill, VIP Preferred
Bonus Code Valid InJune 2024

BetMGM bonus code terms and conditions

For starters, make sure you sign up with the BetMGM bonus code PLAYLSR to unlock the $1,500 new-player bonus. Then, make sure you abide by the following terms and conditions to ensure you receive the bonus.

LSR Tip: You can use up your bonus bets by wagering on any BetMGM betting market, but make sure you do so within the seven-day eligibility period. Remember that bonus bets have no cash value, so your only chance to redeem them is to place a winning bet.

Once you’ve claimed the BetMGM welcome bonus, don’t forget to check some of the best welcome bonuses in 2024 from other sportsbooks.

How to claim the BetMGM bonus code sign-up offer

In our experience, it should take only a few minutes to claim the BetMGM bonus offer. As long as you’re 21 or older, new to BetMGM, and located in a state where BetMGM is legal (excluding New York and Nevada), you can sign up now and claim up to $1,500 in bonus bets.

Here’s what to do.

If that first wager wins, you won’t need the bonus offer. Just collect your winnings. If your first wager loses, however, the bonus will kick in, and BetMGM will refund your stake dollar-for-dollar with bonus bets.

Current BetMGM Sportsbook promotions

BetMGM Sportsbook is one of the most popular online sports betting sites in America. Customers can take advantage of daily promotions and odds boosts, all while earning MGM Rewards points on the BetMGM mobile app. This week at BetMGM you can bet on Game 7 of the Stanley Cup Finals, the Euro and Copa America soccer tournaments, and much more. Below are just a few of the top promos offered at BetMGM Sportsbook for this week, June 24-30.

BetMGM MLB Bet Insurance Token

Opt into the promo to get bet insurance on your MLB wager. If your bet loses, you’ll get your stake refunded in bonus bets.

BetMGM Summer of Soccer Sweepstakes

Bet on the Copá or Euro tournament to win up to $20,000. Opt in and place any Copá or Euros wager to be automatically entered into BetMGM’s Summer of Soccer Sweepstakes. Three lucky winners will each take home $20k. Valid through June 23.

BetMGM Stanley Cup Finals 50% Profit Boost

Opt into the promo to get a 50% profit boost token for your bet on Game 7 of the Stanley Cup Finals between the Florida Panthers and the Edmonton Oilers.

BetMGM Euro 2 Up Early Payout

Get your Euro bets paid out early if your team goes up by two goals. Opt in and place a money line bet on any match in the Euro 2024 soccer tournament. If your team goes up by two goals, you’ll receive your full payout instantly, even if they blow the lead later. Valid through June 23.

Sportsbook sign-up offer comparison

BetMGM is just one of many sportsbooks that are putting out serious bonus offers to try to entice new customers. This is great news for players: nothing is stopping you from collecting every bonus that appeals to you. To help you out, here’s a quick rundown of how the BetMGM offer compares to our other favorite bonuses on the market today.

BetMGMFanDuelCaesarsDraftKingsBet365
Welcome BonusFirst bet insurance up to $1,500Bet $5, Get $150First bet insurance up to $1,000Three parts, worth up to $1,200Bet $5, Get $150 or $1,000 first bet safety net
Promo CodePLAYLSRClick to claim promoLSR1000Click to claim promoLSRVA
Bonus PayoutSingle bonus bet ($5-49) or five bonus bets ($50-$1,500)Bonus bets (can be wagered like cash)Single bonus betBonus bets and bonus cashBonus bets (can be wagered like cash)
Bonus Bet ExpirationSeven daysSeven days14 daysSeven daysSeven days
Minimum Deposit$10$10$10$5$10
LSR Rating4.6/54.8/54.6/54.8/54.6/6

BetMGM promo code for existing users

Unfortunately, if you have an existing account with BetMGM Sportsbook, you aren’t eligible for the welcome bonus. If you encounter an error when trying to claim the BetMGM bonus, it may be because you already have an account, including with BetMGM Casino or BetMGM Horse Racing.

Though you won’t be able to claim the welcome bonus, existing users can still take advantage of rotating promotions or boosts. You can find these under the ‘Promotions’ tab of the BetMGM site or app.

BetMGM Casino bonus code sign-up offer

If you’re located in Michigan, New Jersey, Pennsylvania, or West Virginia, you’re also eligible to sign up and claim the bonus at BetMGM Casino. The BetMGM Casino bonus code is LSRBONUS, which entitles you to a first deposit match for up to $1,000 plus $25 in bonus cash. The $25 is awarded immediately upon opening your account, and you have 30 days to make your qualifying deposit for the $1,000 bonus.

The deposit match funds are subject to a 15x playthrough requirement, which you have 14 days to meet. Meanwhile, the $25 bonus has a 1x playthrough requirement, which you have seven days to meet. Note that 100% of your wagers on eligible slots count toward meeting the requirement. For table game wagers, that playthrough contribution is just 20%, and only 10% of your blackjack wagers are counted.

BetMGM Horse Racing welcome bonus

There is no welcome bonus currently in effect at BetMGM Horse Racing. Nevertheless, users in Florida, Louisiana, and Ohio can sign up with BetMGM Horse Racing today and get started with the racebook. BetMGM Horse Racing also offers helpful guides to horse racing odds and bet types for new players.

BetMGM Sportsbook review

We intensely test all of the sportsbooks we review, and BetMGM passes with flying colors. BetMGM offers one of the best welcome bonuses in the industry, a huge range of betting options, and lets you play from the convenience of a top-rated mobile app interface. Here’s a breakdown of how BetMGM performs in a few key categories.

BetMGM Sportsbook strengths and weaknesses

In our view, BetMGM is one of the best mobile sportsbooks. We give it top marks virtually across the board. However, it’s important to consider both the good and the bad when assessing a sportsbook. Here’s a closer look at some of BetMGM’s strengths and weaknesses.

Strengths

Mobile App | The BetMGM mobile app is state-of-the-art and has received nothing short of glowing reviews from recent customers. Averaging a 4.8/5 on the App Store after over 200,000 ratings doesn’t happen by accident, and we’re thoroughly impressed by the layout, speeds, and functionality of the app for both iOS and Android devices.

Betting Markets and Live Betting | BetMGM comes fully stocked with one of the best selections of betting markets of any sportsbook, covering everything from the NFL to overseas table tennis matches. With one of the best SGP builder tools and our favorite live betting menu currently on the market, BetMGM will always give you more betting options than you could ever use.

Welcome Bonus | With up to $1,500 in bonus bets on the table, BetMGM is offering one of the largest sign-up offers we’ve ever seen. Plus, the bonus is flexible and doesn’t come with too many strings. If your bonus is for $50 or more, it gets divided into five wagers, meaning you don’t have to bet it all at once like you do at Caesars. On top of that, there’s no exorbitant playthrough requirement. Just bet your bonus once, and although you won’t be able to withdraw the bonus amount itself, the profit from the bet is all yours right away.

Rewards Program | We’re big fans of the BetMGM $1,500 welcome bonus, but the BetMGM Rewards can be just as valuable, if not more. Returning players can rack up points quickly and earn big rewards, including hotel and restaurant comps, concert and event tickets, and more. At BetMGM, it pays to be a regular.

Weaknesses

Lack of Promos for Returning Players | BetMGM starts strong with an exceptional welcome bonus. Plus, the sportsbook provides a lucrative rewards program for returning customers. What’s missing? More outright bonuses and boosts for returning customers. Many customers won’t play enough to earn significant perks through BetMGM Rewards, so it would be nice to see odds boosts, profit boosts, bet insurance, and other one-off promotions offered more often.

No Phone Support | In this day and age, it’s a relatively minor issue that customer support isn’t reachable by phone, but it’s still an inconvenience. Some players prefer being able to speak to a representative over the phone. Considering that BetMGM is a titan in the industry with plenty of resources, it’s a little disappointing not to see a phone line available.

Banking options at BetMGM Sportsbook

BetMGM offers secure and reliable banking options, which make it straightforward to get funds in and out of your account. Here’s an overview of your options when depositing and withdrawing with BetMGM.

MethodDepositWithdrawal
VisaYesNo
MasterCardYesNo
Debit CardYesYes
Apple PayYesYes
Amercian ExpressYesNo
VenmoYesYes
PayNearMeYesNo
PayPalYesYes
Play+YesYes
SkrillYesYes
eCheckYesYes
CheckNoYes
Online bankingYesYes

As of June 2024, BetMGM Sportsbook is legal in 21 states (Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Mississippi, New Jersey, North Carolina, Nevada, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming). Below, you can find some more details about all of the states where BetMGM is currently legal, including their launch date, their partner, and any restrictions on betting in that state.

StatePartnerLaunch DateSpecial Considerations
ArizonaArizona Cardinals/Gila River TribeSeptember 2021Prop betting on college sports is prohibited.
ColoradoMidnight Rose CasinoMay 2020Prop betting on college sports is prohibited.
IllinoisPar-A-Dice CasinoMarch 2022All betting on in-state college teams/athletes is prohibited.
IndianaBelterra Casino ResortFebruary 2020Prop betting on college athletes prohibited.
IowaDiamond Jo CasinosJanuary 2021Prop betting on college athletes is prohibited. Deposits or withdrawals via credit card are not available.
KansasKansas Star CasinoSeptember 2022None.
KentuckySandy’s Racing & GamingSeptember 2023None.
LouisianaHarrah’s New OrleansJanuary 2022Unavailable to users in the following parishes: Caldwell, Franklin, West Carroll, Catahoula, Jackson, LaSalle, Sabine, Union and Winn.
MarylandMGM National Harbor, Oxon HillNovember 2022Betting on high school sports is prohibited.
MassachusettsMGM SpringfieldMarch 2023Betting on in-state college teams/athletes is prohibited (except during major tournaments).
MichiganMGM Grand DetroitJanuary 2021Prop betting on college athletes is prohibited.
MississippiGold Strike Casino ResortSeptember 2021Online betting is available exclusively on the premises of a licensed casino. Prop betting on college athletes is prohibited.
NevadaMGM ResortsMarch 2020Betting on high school sports prohibited. Welcome bonus not available.
New JerseyBorgata CasinoAugust 2018Betting on in-state college teams/athletes is prohibited. Prop betting on college athletes is prohibited.
New YorkEmpire City CasinoJanuary 2022Welcome bonus not available.
North CarolinaCharlotte Motor SpeedwayMarch 2024Betting on high school sports is prohibited.
OhioMGM Northfield ParkJanuary 2023Betting on high school sports is prohibited.
PennsylvaniaHollywood Casino MorgantownDecember 2020Betting on non-sporting events (e.g., NFL/NBA drafts, entertainment awards, elections) is prohibited.
TennesseeOnline OnlyNovember 2020Prop betting on college athletes is prohibited. Deposits or withdrawals via credit card are unavailable.
VirginiaOnline OnlyJanuary 2021Betting on in-state college teams/athletes is prohibited. Prop betting on college sports is prohibited.
Washington, DCWashington NationalsJune 2021Bets must be placed within a two-block radius of Nationals Park.
West VirginiaThe GreenbrierJanuary 2020Betting on high school sports is prohibited.
WyomingOnline OnlySeptember 2021Betting on high school sports is prohibited.

Other online sportsbook promo codes

If you’re looking for other sportsbook promo codes, we’ve got you covered. Check out all of these offers.

BetMGM bonus code FAQ

How does the BetMGM welcome bonus work?

The BetMGM welcome bonus is a first bet bonus. It refunds your stake in bonus bets if your first bet loses. All you need to do is sign up with the BetMGM bonus code PLAYLSR, deposit $10, then make a bet for at least $5. If that bet loses, BetMGM will give your money back in matching bonus bets up to $1,500.

Where is BetMGM Sportsbook legal?

BetMGM Sportsbook is currently legal in Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Mississippi, New Jersey, North Carolina, Nevada, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming. Keep in mind that different restrictions can apply in different states. Notably, the sportsbook welcome bonus described on this page does not apply in Nevada or New York.

What is the best BetMGM promo code this week?

The current BetMGM promo code is PLAYLSR. When you sign up and enter the promo code PLAYLSR, you will automatically unlock BetMGM’s $1,500 new player bonus, which nets you a refund in bonus bets if your first bet loses.

Is BetMGM Sportsbook safe to use?

Yes. BetMGM is one of the most established sportsbooks in the gambling industry, with a long history of safe and reliable operations. BetMGM offers full privacy and anonymity, secures all transactions with encryption technology, and provides 24/7 customer support in the event of a problem.

Does BetMGM offer a no-deposit welcome bonus?

No. BetMGM offers an excellent welcome bonus, but you do need to make a real money deposit of at least $10, followed by a real money deposit of at least $5. Since the BetMGM bonus is structured as a refund if your first bet loses, the bonus is only as large as your qualifying wager.

If I registered with BetMGM Casino, can I still get the BetMGM Sportsbook welcome bonus?

Unfortunately, no. You must be new to BetMGM to sign up and claim the welcome bonus.

How do you enter the BetMGM promo code on the BetMGM app?

After you click the gold-colored “Register” button, BetMGM will take you to a registration form. While filling out this registration form, BetMGM will prompt you for a promo code. Enter PLAYLSR in the promo code box to ensure you qualify for the welcome bonus.