BetMGM Bonus Code ‘TODAY’ for Daytona 500: Claim $1,000 First Bet on Sunday’s Race is an independent sports news and information service. has partnerships with some of the top legal and licensed sportsbook companies in the US. When you claim a bonus offer or promotion through a link on this site, Gaming Today may receive referral compensation from the sportsbook company. Although the relationships we have with sportsbook companies may influence the order in which we place companies on the site, all reviews, recommendations, and opinions are wholly our own. They are the recommendations from our authors and contributors who are avid sports fans themselves.

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The 2023 NASCAR Cup Series season is about to get started, and you can use our BetMGM Bonus Code “TODAY” to claim a $1,000 First Bet on Sunday’s Daytona 500.

This welcome offer allows new users to get up to $1,000 back as bonus bets if their first bet on the Daytona 500 loses. Punch in BetMGM Bonus Code “TODAY” at sign up to take advantage of this offer.

FOX will have live coverage of the “Great American Race” starting at 2:30 p.m. ET.

This First Bet promo is available in most states where BetMGM Sportsbook operates, along with the District of Columbia.

BetMGM Bonus CodeGTODAY50
Type Of Bonus$1,000 First Bet Offer paid back in bonus bets if you lose + $50 in Bonus Bets after your first bet
Special March Madness BonusBet $10 on the March Tournament and Get $200 in Bonus Bets Instantly! (Not Available in DC, NY, MS, or NV)
Bonus Available InAZ, CO, DC, IL, IN, IA, KS, LA, MA, MD, MI, MS, NJ, OH, NV, NY, PA, TN, VA, WV & WY - Note: Offer not available in DC, MS, NV or NY
Verified ForMarch 2023

BetMGM Sportsbook

Grab $1,000 First Bet for Daytona 500!

BetMGM bonus code TODAY gives new users up to $1,000 in a First Bet offer for Sunday’s Daytona 500. You’ll be paid back in bonus bets if your First Bet loses. Click here to claim the BetMGM Daytona 500 bonus offer!

BetMGM Bonus Code & Daytona 500 Betting Odds

NASCAR’s biggest race of the season is also the first on its annual schedule. The Daytona 500 is a crown jewel event that every driver hopes to win at some point during his career.

Here are 2023 Daytona 500 betting odds from BetMGM:

DriverDaytona 500 Odds BetMGM
Ryan Blaney+1200
Chase Elliott+1200
Denny Hamlin+1200
Kyle Larson+1400
Kyle Busch+1400
Joey Logano+1400
William Byron+1600
Ross Chastain+1600
Bubba Wallace+1800
Brad Keselowski+1800
Austin Cindric+2000
Tyler Reddick+2200
Kevin Harvick+2500
Christopher Bell+2500
Austin Dillon+2500
Alex Bowman+2500
Martin Truex Jr.+2500
Christopher Bell+2800
Chase Briscoe+2800
Daniel Suarez+3300

Use BetMGM Bonus Code TODAY for $1,000 First Bet on Daytona 500

BetMGM Sportsbook Promo Code, Explained

BetMGM promo code TODAY gives new account users a First Bet on the Daytona 500 up to $1,000.

If your first bet settles as a loss, BetMGM will refund you in the form of bonus bets up to $1,000. Let’s say you bet the promotion’s maximum amount of $1,000 on Joe Gibbs Racing driver Denny Hamlin to win the Daytona 500 at odds of +1200.

Hamlin has already won the Daytona 500 three times in his Cup career. If he wins a fourth, congratulations, because you just won $12,000! If your First Bet on Hamlin loses, BetMGM will issue $1,000 to your account in the form of bonus bets.

You haven’t lost anything, as the bonus bet credit can then be used within seven days on another single wager for any sports that BetMGM offers.

Read more: Our BetMGM Sportsbook App Reviews | All the Top Sports Betting Apps

Daytona 500 Betting Analysis

If you’re a newcomer to NASCAR, it’s important to understand how racing works at superspeedways before betting on the Daytona 500. To succeed in the Daytona 500, a driver needs to work with teammates to gain an aerodynamic advantage in the draft.

When you examine the top of the Daytona 500 betting board, you’ll notice drivers from high-powered, multi-car organizations such as Joe Gibbs Racing and Hendrick Motorsports among the favorites.

Austin Cindric (2) leads on the last lap en route to winning the 2022 Daytona 500. (AP Photo/Phelan M. Ebenhack)

This stands to reason, but it doesn’t guarantee one of their drivers will win the 500. Last year, Penske Racing rookie Austin Cindric scored his first Daytona 500 victory at odds as high as +3000 (or 30-1). In 2021, NASCAR journeyman Michael McDowell won the Daytona 500 as a +10000 (or 100-1) longshot.

NASCAR’s superspeedway events are a bit of a crapshoot, and typically you’ll see a multi-car crash known as the “Big One” eliminate several big drivers that get caught up as collateral damage.

Just be glad BetMetMGM is giving you a First Bet up to $1,000 on the Daytona 500! That’s a great insurance policy to have for what can often be a highly unpredictable race.

Go Fast: Click to get $1,000 First Bet on Daytona 500 at BetMGM!

About the Author
Kris Johnson

Kris Johnson

Writer & Contributor
Kris Johnson is a Senior Writer at Gaming Today with more than 15 years of experience as a sports journalist. Kris' work has appeared in Sports Business Daily, Sports Business Journal, NASCAR Illustrated, and more. Kris also authored a sports betting novel entitled The Endgame.

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