BetMGM Bonus Code: “PLAYLSR” for $1,500 in Bonus Bets

Reviewed by:

Julian Miller

Last Updated:

January 16, 2025

4.6/5

★★★★★

Payout Speed

4.5/5

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App / UX

4.7/5

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Bonus / Promos

4.6/5

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Props / Odds

4.7/5

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The newest BetMGM bonus code is PLAYLSR, use it when you open a new account to claim $1,500 in bonus bets. After making a deposit of at least $10, your first bet will be covered by BetMGM for up to $1,500. Lose that bet, and BetMGM refunds you in bonus bets.

Up to $1,500

In Bonus Bets

Top Features

• Up to $1,500 in Bonus Bets if Your First Bet Doesn't Win*
• *Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms. 21+. Gambling Problem? Call 1-800-GAMBLER
• Use Bonus Code: PLAYLSR

BetMGM Sportsbook Review

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BetMGM bonus code for new users

The BetMGM bonus code sign-up offer changes from time to time, so it’s always good to be update to date on the latest offer when signing up for a new BetMGM Sportsbook account. Here are the latest details about the BetMGM bonus code offer as of January 20, 2025:

What to know about the latest BetMGM sign-up bonus code

Your first cash bet at BetMGM is covered for up to $1,500 when you sign up using the BetMGM bonus code PLAYLSR. Here’s everything you need to know about how it works.

Where to enter bonus code on BetMGM app

To claim the $1,500 BetMGM welcome bonus, start by clicking the Claim BetMGM Bonus button at the top of this page. Then, click the gold Sign Up button. You will be taken to the BetMGM Sportsbook sign-up page.

First, you’ll enter your email address. Next, you must create a password that is at least eight characters long. One of those characters must be a number, and it must contain both upper- and lowercase letters. The next page requires you to enter the final four digits of your Social Security Number and your mobile phone number. BetMGM then requires you to enter your name and date of birth. Finally, on the final page of the BetMGM Sportsbook sign-up process, you will enter the BetMGM bonus code PLAYLSR to be eligible for the $1,500 sign-up offer.

Exciting games to bet on with this week’s BetMGM bonus code

Here is a look at some of the top betting options this week at BetMGM Sportsbook:

• NFL Playoffs: Divisional Round | The first round of the NFL playoffs is in the books with no major upsets. Here is a look at the schedule for the Divisional round of the NFL playoffs this weekend:
  • Saturday | Houston Texans at Kansas City Chiefs, 4:30 p.m. ET. TV: ESPN/ABC/ESPN+
  • Saturday | Washington Commanders at Detroit Lions, 8 p.m. ET. TV: FOX
  • Sunday | L.A. Rams at Philadelphia Eagles, 3 p.m. ET. TV: NBC/Peacock
  • Sunday | Baltimore Ravens at Buffalo Bills, 6:30 p.m. ET. TV: CBS/Paramount+
• College Football National Championship Game | The 12-team college football playoff is down to two teams, the Ohio State Buckeyes and Notre Dame Fighting Irish. The college football title game between Ohio State and Notre Dame is at 7:30 p.m. ET on Monday at the Mercedes-Benz Stadium in Atlanta and will be televised on ESPN.
• NHL, NBA & College Basketball | There’s plenty of regular season action this week in the NHL, NBA and for both men’s and women’s college basketball.

Other BetMGM bonuses

Here’s a look at all the BetMGM bonus codes available in January:

BetMGM promos for existing players

In addition to the $1,500 BetMGM bonus code welcome offer for new users, you’ll find a number of promotions for all users. Here are the best BetMGM Sportsbook promotions available on January 20, 2025:

• $1,000,000 Playoff Challenge | Win a share of $1,000,000 in BetMGM Sportsbook bonus bets if you score high enough in the free-to-enter gridiron quiz.
• NFL Second-Chance on First TD Bets Promo | Get a cashback refund if your pick to score the first touchdown finds the end zone for the second score of the game.
• NFL No-Sweat Bet | Opt into this promotion and get a bonus bet refund if your qualifying NFL playoff bet loses.
• Free-To-Play BetMGM Fast Break | Take your shot at BetMGM’s free-to-play basketball game. You can win profit boosts, no-sweat bets or even bonus bets.

BetMGM sportsbook promo by state

Here’s a rundown of the BetMGM bonus code sign-up offer by state:

BetMGM casino bonus offers

BetMGM online casino is available to users in Michigan, New Jersey, Pennsylvania and West Virginia. The welcome bonus is worth up to $2,550, all you need to do is use the BetMGM Casino bonus code LSRBONUS to claim it when signing up. Then, your first deposit will be matched 100% for up to $1,000 and you’ll also get a $25 casino bonus on the house.

$25 Bonus

On Sign Up

Top Features

• $25 on the House
• 100% Deposit Match up to $1,000
• 21+. Gambling Problem? Call 1-800-GAMBLER
• Use Bonus Code: LSRBONUS

BetMGM Casino

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BetMGM NFL Divisional Playoffs offers

BetMGM offers a variety of NFL specials throughout the playoffs, but you do not need a bonus code to claim any of them. The only BetMGM bonus code you need is PLAYLSR to claim the $1,500 sign-up bonus going on in January.

When it comes to NFL promotions at BetMGM Sportsbook, one of the most popular is the second-chance first touchdown bet promotion. With this offer you’ll place a first touchdown bet. If your player fails to score the game’s first touchdown, but instead scores the second TD, you’ll get a cash back refund.

BetMGM also runs parlay profit boost specials. With these you simply create an NFL parlay and as long is you meet the qualification requirements, your winnings will be boosted.

Lastly, you can enter BetMGM Sportsbook’s free-to-enter contest where you pick which teams’ you think will cover the spread in this weekend’s NFL Divisional Playoff games, if you’re right you’ll have a chance to win a share of $1,000,000 in BetMGM bonus bets.

BetMGM Super Bowl 59 promos

Each year BetMGM has different promotions for the Super Bowl. In the past BetMGM has run a variety of free-to-enter contests in which tens of thousands of dollars in bonuses and prizes were awarded. These contests required you to answer a variety of questions regarding the game, halftime show, commercials and more. If you ended up with the highest score you would take home the grand prize. BetMGM also could offer Super Bowl squares competitions going forward.

No matter what is offered this year, you’ll definitely be able to find all the betting options you could ever imagine on Super Bowl LIX at BetMGM Sportsbook. And in case you’re wondering, the Super Bowl will be on Sunday, February 9, 2025, and it’s being held at the Caesars Superdome in New Orleans for the record-tying 11th time.

BetMGM NBA promos

As was the case with the NFL, you do not need a BetMGM bonus code to claim any NBA specials or offers. You’ll find a number of BetMGM NBA promotions throughout the regular and postseason. Some of these come in the form of no-sweat bets, while others are profit boosts for straight and parlay bets. But our favorites are the BetMGM NBA Original Bets.

BetMGM Original Bets are exactly what they sound like, specific bets that you’ll only find at BetMGM Online Sportsbook. To find these wagers, click on an NBA game and then choose the Original bets tab. Some of the options you’ll find are: which player will win the tip, the time the first point will be scored, whether both teams will score in the first minute, whether 10+ points will be scored in the game’s first two minutes, any player to make a 35+ foot three-pointer and much more.

Special promos at BetMGM Sportsbook for this month

In January, BetMGM Sportsbook is rolling out some exciting special promotions:

• $1,500 New User Bonus | When new users sign up using the BetMGM bonus code PLAYLSR their first bet will be covered for up to the $1,500 limit. If that bet loses they will be refunded with a bonus bet(s) up to $1,500.
• No-Sweat NFL Playoff Bets | Each weekend during the NFL playoffs, BetMGM Sportsbook is offering a limited number of no-sweat bets. If your qualifying bet loses, you’ll be refunded with a BetMGM bonus bet.
• Parlay Boosts | Earn a boost on your parlay payouts as long as your parlay and/or same-game parlay wagers qualify for the specific promotion.
• NFL Playoff and Super Bowl Promos | Each week between now and Super Bowl 59, BetMGM Sportsbook is rolling out and and exciting NFL promotions. The best part is that some of these promotions are free to enter and can earn users hundreds of thousands of dollars in rewards.

Always check the promotions page on the BetMGM website for the latest updates and full details.

What excites me about BetMGM bonuses

BetMGM’s bonuses stand out because of their variety and value. From the generous $1,500 welcome offer to ongoing promotions for existing users, there’s always an opportunity to maximize your winnings.

What’s particularly exciting is the platform’s tailored approach — whether you’re betting on football, basketball, or even niche sports, there’s likely a promo designed for your interests. Additionally, BetMGM often runs time-limited deals tied to major sporting events, adding an extra layer of excitement to the action.

What I’d value most in BetMGM promos

The most valuable aspect of BetMGM Sportsbook’s promotions is their user-friendliness and versatility. I appreciate promos that cater to both casual bettors and high rollers, offering clear terms and significant rewards.

For instance, BetMGM’s second-chance touchdown promo during the NFL playoffs is perfect for trying out the platform without excessive risk. Equally important are loyalty rewards and regular odds boosts, which keep long-term users engaged. Transparent terms, quick payouts, and wide eligibility for different sports markets are the features I’d value most.

BetMGM bonus eligibility requirements

Just like any other legal online sportsbook, BetMGM must adhere to the rules in the areas where it operates. Here are the main points to know:

How bonus bets work

There are multiple ways to claim bonus bets at BetMGM Sportsbook. You could get them via the $1,500 BetMGM bonus code sign-up offer, from various BetMGM promos available to all users or you could be awarded them by BetMGM for a random reason. But now that you’ve got a bonus bet, you need to make sure you know how they work. Here’s a quick, easy to understand summary of how BetMGM bonus bets work:

• First, BetMGM bonus bets expire seven days after being issued. This simply means you need to use them within seven days of receiving them. Your bet with them doesn’t need to be settled within the seven-day window, your bet just needs to be placed within seven days.
• To use a bonus bet, select whatever wager you want to make. Then in the BetMGM Sportsbook betslip you’ll see an option for applying a bonus bet. Simply select the bonus bet and then place the bet.
• The last thing to understand about BetMGM bonus bets, is that you do not get the value of the bonus bet back if you win. You only get the winnings. Let’s look at an example of a bonus bet wager and a cash bet wager to make this easier to understand.
  • $100 Cash Bet | For this example let’s say you place a $100 cash bet on a wager with +100 odds. If you win that bet you’ll get $200 added to your BetMGM account, $100 is your winnings from the bet, the other $100 is your original wager being added back to your account.
  • $100 Bonus Bet | Everything about the bet stays the same, except instead of placing the bet with cash, you use a $100 bonus bet and again, you win your +100 bet. This time though, only $100 gets added to your BetMGM Sportsbook account. Only the $100 in winnings is added, the value of the bonus bet does not carry over.

And that is everything you need to know about how BetMGM Sportsbook bonus bets work.

Easy wins for beginners using BetMGM promos

Sports betting is challenging, and there’s no such thing as a sure thing; however, thanks to the sportsbook promos, bonuses and specials offered at BetMGM Sportsbook, winning is slightly easier than it is at other sports betting sites.

It all starts with the BetMGM bonus code welcome offer worth up to $1,500. The BetMGM sign-up bonus covers the first cash bet you make for up to $1,500. That means if your opening bet loses, you’ll get a refund in BetMGM bonus bet(s). While bonus bets aren’t as good as cash, the way BetMGM refunds users is better than what you’ll find elsewhere.

As long as your first bet is for $50 or more, you get five bonus bets as a refund instead of just one. For example, if you make an lose a $100 bet, you’ll receive five $20 bonus bets, as opposed to a single $100 bonus bet like you would get at Caesars Sportsbook. You still have the option of putting the full $100 worth of bonus bets on one wager if you want. But, now you also have the option of spreading those bonus bets out over five separate wagers. So that’s one way that BetMGM Sportsbook makes it easier to win for beginners.

Another way that BetMGM makes winning easier is by offering a multitude of promotions. For instance, if you like betting on first touchdown scorers in the NFL, BetMGM will refund your bet (in cash!) if your bet to score first doesn’t score first, but instead scores the game’s second TD. BetMGM also offers promos, bonuses and specials for all the top sports. Some of these bonuses are no-sweat offers, others are for profit boosts.

And a final way that BetMGM Sportsbook makes winning easier for new sports bettors is by having among the best odds around. While technically, this doesn’t make winning any easier, it does mean you’ll be rewarded more for your wins, which will help grow your bankroll at BetMGM and that’s really what you’re hoping to do.

Using BetMGM bonuses to build your bankroll

Betting on sports is hard, thankful all the bonuses and promotions offered at BetMGM Sportsbook make it a little easier to build up your bankroll. The first step to building your bankroll at BetMGM Sportsbook is to sign up using the BetMGM bonus code PLAYLSR.

This two-part bonus should really help you increase your bankroll at BetMGM. Ideally, you’ll win your first bet and you won’t need the bonus bet refund. But if your first bet doesn’t win, you’ll be glad you have a safety net of sorts to help catch you.

After claiming the BetMGM sign-up bonus, you’ll now turn your attention to the regular promos, bonuses, and specials that the sportsbook has to offer. These can really assist in building up your bankroll.

Most days, BetMGM Sportsbook offers a Lions Boost, which is basically a super-boosted bet. While the bet winning is not a sure thing, when it does hit, you’ll get more money in return thanks to the boost. BetMGM also has a number of other promotions going on daily to help you in building your bankroll. You’ll find profit boosts, which allow you to create your own parlays and see your profits go up if you win. There also are no-sweat offers that work just like the welcome bonus, meaning you get a bonus bet back if your qualifying bet loses. Lastly, BetMGM runs a number of free-to-enter contests. Truthfully, winning money from these are challenging because so many people enter, but you literally have nothing to lose.

As a reminder, while the BetMGM bonus code sign-up offer and all the promotions and bonuses BetMGM Sportsbook has make building your bankroll easier, it’s still not a sure thing. Also, make sure you read the terms and conditions of any bonus offers to be sure your bets qualify for the promotion being offered. Good luck!

How to cash out BetMGM bonus winnings

Cashing out bonus winnings on BetMGM is straightforward if you follow these steps. First, review the bonus terms, including wagering requirements, minimum odds, and expiration dates, to ensure you meet all conditions. Strategically place bets by focusing on confident wagers or dividing the bonus into smaller bets to increase your chances of winning. Verify your account details, such as your personal and payment information, to avoid withdrawal delays. Once the bonus winnings convert to withdrawable cash, visit the “Cashier” section, choose your preferred withdrawal method (e.g., PayPal or bank transfer), and complete the transaction. BetMGM processes withdrawals efficiently, usually within a few business days, so you can enjoy your earnings without delay.

Is BetMGM sportsbook legal?

Yes, BetMGM is a legal and safe sportsbook. It operates in nearly two dozen states and the District of Columbia with plans to expand into additional markets.

Here’s a look at the states where BetMGM is currently available. For additional information, just click on our state-specific links.

BetMGM Sportsbook review

The BetMGM Sportsbook app has a lot of great features, but there are also a couple of areas in which it could use better organization. On the positive side, the menus are clean, and you have several options to find the sports you want, including a great search feature.

On the web, the layout is a little awkward. The media player and bet slip take up a lot of real estate on the right side. In the center, there’s an awkwardly placed scroll bar that controls how you scroll through the betting lobby.

The BetMGM app provides a much smoother overall navigation. The bet slip and cashier functions are smooth and simple in both spots, but it takes some doing to get to the customer service options.

While they’re not buried, you will have to go through some questions before advancing to get some real live help. The help section itself has some good information and answers to basic queries, but there are times when users simply want to get some assistance instantly.

A few simple improvements could take BetMGM to the next level, but it’s still a great place to bet as is. The menu of options is really tough to beat, and the site does an excellent job of listing props and bets for individual games.

BetMGM banking options

BetMGM has a number of banking methods for both deposits and withdrawals. The exact methods may vary by market, but there’s a good selection of options in each of the legal states in which it currently operates. Each method will have their own minimum and maximum limits, and sports bettors can cash out instantly with debit cards.

• ACH e-check
• BetMGM Play+
• Credit and debit card: Mastercard, Visa, or American Express
• Check by mail
• Online banking transfer
• PayNearMe
• PayPal
• Retail casino cashier
• Skrill
• VIP Preferred

The cashier function on the website and app is where you’ll move money in and out. It’s easy to use and lists all of the available options. Deposits process instantly (minimum $10), while withdrawals take some time for internal processing.

When taking money out, you can expect the transaction to process within 24 hours in most cases. Online banking and VIP Preferred can take a few business days. Once BetMGM releases the funds, the processing time can vary depending on the method.

You could see your funds as soon as the next day with PayPal or Play+, while others could take a little longer. BetMGM has complete information for all of its accepted funding methods in the help section on its site.

Encouraging responsible gambling with BetMGM

BetMGM is committed to promoting responsible gambling and ensuring a safe betting environment for all users. The platform provides tools like deposit limits, time-outs, and self-exclusion options to help players stay in control.

Additionally, BetMGM partners with organizations like Gamblers Anonymous and the National Council on Problem Gambling to offer resources and support for anyone facing gambling-related challenges. By prioritizing player well-being, BetMGM demonstrates its dedication to creating a balanced and enjoyable sports betting experience.

BetMGM Bonus FAQs

Is there a bonus code for BetMGM?

Use the BetMGM bonus code PLAYLSR and the first bet you place with BetMGM Sportsbook will be refunded if it loses for up to $1,500. The refund comes as BetMGM bonus bets.

How does the BetMGM welcome offers work?

Our exclusive BetMGM welcome bonus gives you up to $1,500 in bonus bets. Use the promo code PLAYLSR during registration to claim this offer. Deposit funds, place your first cash bet, and if that bet doesn’t win, BetMGM will refund your wager in bonus bets up to $1,500.

How do you get the $1,500 bonus on BetMGM?

To get the $1,500 bonus on BetMGM, sign up with the promo code PLAYLSR, make your first deposit, and place a cash bet. If your initial bet loses, BetMGM will refund your wager in bonus bets, up to $1,500. These bonus bets must be used within seven days and cannot be withdrawn as cash.

Does BetMGM offer a no-deposit welcome rewards?

No, BetMGM does not currently offer a no-deposit bonus. However, by depositing and placing your first cash bet, you can qualify for up to $1,500 in bonus bets if your bet loses.

Can I claim more than one BetMGM sign-up promo?

No, you can only claim one welcome bonus per BetMGM account. However, once you’re signed up, you’ll have access to additional promotions for existing users. Note that BetMGM’s sportsbook welcome offer cannot be combined with bonuses from its casino, poker, or other platforms.

Where do I enter a promo code on the BetMGM app?

You can enter the promo code PLAYLSR during the registration process in the designated field. Make sure to include this code to ensure eligibility for the $1,500 welcome bonus. If you leave the field blank, you may not qualify for this specific offer.