BetMGM Sportsbook Bonus Code ‘TODAY’ Offers $1,500

Up to $1,500
in Bonus Bets
4.6
Overall
Bonuses & Promos
4.5
Banking
4.8
Odds
4.5
Same-game parlay options
4.4
Mobile app
4.6
Live betting
4.6
Welcome Bonus
Banking Options
Strong App

BetMGM Sportsbook Live in Washington, DC! Sign up with BetMGM throughout Washington, DC and claim your $1,500 sign-up bonus with the BetMGM DC bonus code TODAY. 

When users make their first bet with BetMGM Sportsbook, they receive a bonus between $10 and $1,500. BetMGM Sportsbook is active in 22 states and is among the most used online sportsbooks in the United States. Input the BetMGM bonus code TODAY to receive a first-bet rebate of up to $1,500.

BetMGM’s First-Bet Rebate: A $1,500 Welcome Offer

The best promotion at BetMGM Sportsbook is the first-bet rebate. When you make your first bet, use the bonus code TODAY to activate the offer. Win the first bet, and you will receive the standard payout. If you lose the first bet, you’ll receive a rebate matching the size of the bet. If you wagered $10, you’ll receive a $10 rebate. If you wagered $1,500, then you’ll receive $1,500 in bonus bet tokens.

When you receive the bonus bets, they appear as five tokens representing 20% of the first bet rebate. Those who made a $500 losing bet receive five $100 bonus bet tokens. Bettors have up to 7 days to use the tokens before they expire.

App preview

 

BetMGM Sportsbook Sign-up Bonus Details

Here are the basic details on the current BetMGM Sportsbook first-bet offer.

BetMGM Bonus CodeTODAY
BenefitUp to $1,500 in Bonus Bets if Your First Bet Doesn't Win
Minimum Deposit$10
Terms of Use- Bonus bets apply to any wager at BetMGM Sportsbook.
- The minimum bet requirement is $10.
- The match rate of the first bet promo is 100% based on the size of your first bet up to $1,500.
- Rebate arrives in five bonus bet tokens 20% the size of your first bet.
- Use tokens within seven days or they disappear.
- Offer available from March 15, 2024 to December 31, 2024.
Legal US Sportsbook?Yes
Eligible 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
Payment OptionsVisa, Mastercard, Amex, Discover, PayPal, Play+, Apple Pay, Venmo, VIP Preferred, online banking, PayNearMe, wire transfer, BetMGM Card, Game On card, cashier cage (certain states), check by mail (payouts: New Jersey only)
Bonus Code Valid In2024

How to Claim Your BetMGM Sportsbook Welcome Offer

Use the following steps to claim the BetMGM Sportsbook sign-up offer.

1

Download the BetMGM Sportsbook app on the Play Store or the App Store. Download the app for Android or iOS.

2

Alternatively, visit BetMGM.com if you prefer to use a desktop computer.

3

Sign up for a BetMGM Sportsbook account. Include basic information like full name, date of birth, physical address, and email address.

4

Deposit $10 or more into your BetMGM Sportsbook account.

5

Place your first wager between $10 and $1,500. The potential rebate will match this wager size.

6

Collect your payout according to the bet’s odds if your bet wins.

7

If your bet loses, receive a rebate the same size as your first bet. A $1,500 bet would unlock a $1,500 rebate.

8

Receive the first bet rebate in the form of five bonus bet tokens. Each token is worth 20% of the original bet.

9

Make your bonus bets within seven days, or they will disappear from your account. If you receive a $1,500 rebate, your bet tokens would be $300 apiece.

BetMGM New User Offer: What You Need to Know

All new BetMGM Sportsbook account holders are eligible for the bonus. To use the offer, you must be 21 years or older and located in a state where BetMGM Sportsbook is legal. The $1,500 first bet offer is available to qualifying users from March 15, 2024, to December 31, 2024.

  • BetMGM Account: Those who created a BetMGM online gaming account via BetMGM Poker or BetMGM Casino do not need a new account.
  • Redeeming the Bonus: Bonus bets cannot be redeemed at other BetMGM brands, including BetMGM Casino, BetMGM Poker, Borgata Sports, etc.
  • One Promo at a Time: Only one promotion can be accessed. Bonus bets from the rebate do not apply to other BetMGM promotions.
  • Sticky Bonus: The value of the bonus bet is not retained in the winnings. If you make a bonus bet and win, you’ll collect the payout but not the amount of the bonus bet token.
  • Make Any Bet: The $1,500 first bet reward applies to any sports wager at BetMGM Sportsbook.
  • No Cash Value: Bonus bets cannot be redeemed for cash or withdrawn from a user’s account.
  • No Early Cashout: Do not use the “Cash Out,” “Auto Cash Out,” or “Edit My Bet” features when using the $1,500 first-bet promotion. The user will no longer be eligible for the first-bet sports promotion.
  • Eligibility: Employees, officers, directors, and representatives of BetMGM cannot accept the money. Immediate family members of such people also are not eligible.

BetMGM and Rival Sportsbooks Head-to-Head

BetMGM Sportsbook stacks up to the competition according to deposit terms, daily promotions, standard odds, reward clubs, and availability. The table below includes DraftKings, Caesars, FanDuel, Bet365, and other top rivals for maximum perspective.

Brand NameNumber of legal statesMinimum DepositDaily PromotionsSpread OddsRewards ClubOverall Rating
BetMGM Sportsbook22$10Lion’s Boosts and Parlay Boosts are solid.Massive selection of player props.Excellent. Use rewards at 14 Vegas sites and 21 casinos across the USA.4.65 out of 5
DraftKings21$5Highest percentage on daily boosts.Quality varies from game to game and sport to sport.Good. Partnerships in multiple states4.7 out of 5
Caesars Sportsbook Promo21$10Not as many. Somewhat hit or miss.Slow to adjust prices—the best for micro-markets in live betting.Top tier. Use rewards at over 50 US resorts.4.5 out of 5
FanDuel Bonus Code23$10Daily boosts are not as good, but bonus bets are fine.Toggle the spread for potential boosted odds.Good. Partnerships in multiple states4.7 out of 5
Bet36510$10Bet boosts focus heavily on 3-leg and 4-leg parlays. Including baseball, soccer, tennis, and golf.Better odds on select sports, including soccer and baseball. Less competitive in basketball.The loyalty program is tied to the Bet365 Casino, so Status Points mainly unlock real money cash games, tournaments, and other benefits.4.7 out of 5
Fanatics21$5Odds boosts that change daily for improved payouts. Stick to the main sports. Make sure to check out the Fanatics sportsbook promo code.The standard odds are similar to those at other sportsbooks. Vary depending on the event.Earn FanCash to buy sports merchandise on the Fanatics sports apparel website.4.65 out of 5
ESPN Bet18$10There are not as many daily boosts as DK and FD, but the ones that exist are good.Alternate odds don’t stack up, but it offers certain betting options other US bookmakers don’t offer.The MVP premier rewards program lets players redeem points for appliances, electronics, and gift cards at Penn Marketplace.4.5 out of 5
BetRivers14$10Options such as Profit Boosts, Bonus Bets, and Second Chance Bets. Also has the Qualifying Bet tool.Uses Kambi odds with some minor variations.iRush Rewards has 10 tiers and unlocks bonus store access, special offers, VIP gifts, and VIP events. Good for hedge bettors.3.9 out of 5

 

BetMGM Legal States and User Experience

BetMGM Sportsbook is legal in 22 states, the District of Columbia, and Puerto Rico. MGM Resorts—known for world-famous casinos like MGM Grand, Bellagio, Mandalay Bay, and Borgata—owns and operates the sportsbook. It offers competitive standard odds, an excellent set of daily promos, and access to one of the best player rewards programs in the world.

Bettors can use either the desktop version or the BetMGM Sportsbook apps for Android and iOS devices. The mobile app has a 4.65 rating, considering its 4.8 rating on the iOS App Store and 4.5 rating on the Google Play Store. In either case, players can use Live Game Tracking to view their bet results as they happen. Many games are live-streamed to people’s devices.

Customers have 15 deposit methods and 11 payout methods. Most withdrawal options return the money to your account within 24 hours. BetMGM Sportsbook offers a world-class sports betting product with few drawbacks. You can also check out our full BetMGM Sportsbook review for more information.

BetMGM Sportsbook now available throughout Washington, DC

BetMGM Sportsbook went live in Washington, DC in June 2021. However, at that time you had to be within a two-block radius of Washington Nationals Park to sign up and place bets. But thanks to a change in the sports betting law in DC, starting on July 17, 2024, you could sign up with BetMGM Sportsbook from anywhere in Washington, DC.

The same $1,500 welcome bonus is available if you’re a new BetMGM user in DC. You will need to use the BetMGM promo code for DC of TODAY to be eligible.

Other Promotions at BetMGM Sportsbook

Sign-up Bonus

New sign-ups can claim a 100% deposit match up to $1,500 in bonus bets.

MLB Insurance

Like the $1,500 first-bet insurance, except it applies to all qualifying bets on Major League Baseball. Lose the MLB bet and receive the stake back in your account as a rebate.

Multi-Sport Parlay Bets

Wager on two or more sports to receive boosted payouts. Multi-sport parlay bets receive odds up to 33% higher than standard parlays.

SGP+ Builder

The SGP+ tool helps you combine two smaller parlays or build SGPs from scratch. Collect large payouts when you stack same-game parlays together.

Playoff Special Offers

BetMGM Sportsbook offers boosted odds on select postseason games when popular sports enter their postseason. This last year’s Stanley Cup Finals bets had boosted odds up to 50%.

MGM Rewards

Each sports bet receives rewards points for comps, cashback, and other rewards useful at MGM Resorts. That includes more than 20 resorts across the United States. Receive free rooms, tickets to sporting events, and bonus credits at BetMGM Sportsbook.

Comparing BetMGM’s Welcome Bonus to Competitors

The $1,500 first-bet insurance matches the potential bonus of any major licensed US online sportsbook. It’s a flexible bonus for customers who make $10 bets or high rollers who max out the offer. Some bettors prefer bonus cash that doesn’t involve bet insurance. Those who like risk-free bets should enjoy BetMGM’s first-bet promotion because it matches or exceeds the money competitors offer. Use the BetMGM Sportsbook bonus code TODAY to receive your $1,500 first-bet insurance.

About the Author
Carson Mundy

Carson Mundy

Brand Content Manager
Carson Mundy is the brand content manager of Gaming Today. With a background in politics, sports, and SEO, he covers the legislative side of the sports betting industry. Carson has more than a decade of experience in the media and marketing industries, with time spent at resulta, The Canadian Press, Microsoft News, The Canadian Olympic Media Broadcast Consortium, Sportsnet, and other national outlets.

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