BetMGM’s $1,500 First Bet Offer is an exceptional opportunity for new users to start their sports betting journey with confidence. By using the bonus code ATSBONUS during registration, you can place your first wager knowing it’s backed by up to $1,500 in bonus bets if it doesn’t win. Having personally tested BetMGM’s platform, I can vouch for the simplicity of activating this offer and the security it provides for your initial bet. With a wide range of betting markets, competitive odds, and a reputation built by GVC Holdings and MGM International, BetMGM continues to set the gold standard in the sports betting industry.
Up To $1500 in Bonus Bets Back if your First Bet Does Not Win
BetMGM Sportsbook
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BetMGM First Bet Offer
Up To $1500 in Bonus Bets Back if your First Bet Does Not Win
Bonus Bets
(*Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms.)
BetMGM FIrst Bet Promo Code
Bonus Verified
May 9, 2025
US States Applicable T&C
AZ, CO, IN, IA, IL, KS, KY, LA, MD, MI, NC, NJ, OH, PA, TN, VA, DC, WV, WY
Overall rating 5 /5
This generous welcome bonus allows you to explore the sportsbook without unnecessary risk, whether you’re betting on NFL playoffs, college football, or your favorite sports leagues. With BetMGM’s intuitive interface and robust market coverage, the platform caters to both new and seasoned bettors alike. In this guide, I’ll walk you through the steps to claim the First Bet Offer and maximize its value while highlighting why BetMGM remains a trusted leader in the U.S. sports betting market.
Author’s Quick Take On The First Bet Bonus
Peyton PowellBetMGM stands out as a premier sportsbook, offering a user-friendly interface that enhances the betting experience. Both the app and website are designed for easy navigation, allowing users to effortlessly find their favorite bets or create custom parlay wagers. Renowned for its competitive odds, BetMGM is a reliable choice for avid bettors. Plus, with an impressive welcome bonus of up to $1,500, new users have a fantastic opportunity to start strong, particularly when betting on underdogs with plus odds. In essence, BetMGM is more than just a sportsbook; it’s a top-tier betting platform available in many states where sports betting is legal.
BetMGM $1500 Welcome Offer
To claim the First Bet welcome bonus on BetMGM, simply download the BetMGM Sportsbook app or visit betmgm.com. After signing up and entering the bonus code ATSBONUS, make a deposit of at least $10. Place your first wager, and if it loses, you will receive up to $1,500 in bonus bets to use on future wagers.
BetMGM $1500 First Bet Bonus Code Overview
| 🔥 BetMGM Code Code: | ATSBONUS |
| 🎁 BetMGM Welcome Offer : | Up To $1500 in Bonus Bets Back if your First Bet Does Not Win (*Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms.) |
| 💵 Minimum Deposit: | $10 |
| 🌎 States Available: | AZ, CO, IN, IA, IL, KS, KY, LA, MD, MI, NC, NJ, OH, PA, TN, VA, DC, WV, WY |
| 📅 Verified: | May 9, 2025 |
Call 877-8-HOPENY or text HOPENY (467369) (NY)
Call 1-800-327-5050 (MA) 21+ only. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. See BetMGM.com for Terms. US promotional offers not available in Mississippi, New York, Nevada, Ontario, or Puerto Rico.
(*Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms.)
How does the BetMGM $1500 First Bet bonus work?
To get started, make an initial deposit of $10 and place a real money bet to unlock your welcome bonus. If your first bet doesn’t win, you’ll receive your entire stake back as bonus bets, up to a maximum of $1,500. And if your qualifying wager is over $50, BetMGM will sweeten the deal by giving you five bonus bets. Each of these bonus bets will be worth 20% of the total value of your original qualifying bet.
Example of a First Bet at BetMGM
Placing a $100 bet on the Los Angeles Lakers to win. If the Lakers lose, BetMGM will refund your full $100 stake in the form of 5 – $20 bonus bets. This means you’ll have another chance to wager without risking additional funds from your pocket.
On the other hand, if the Lakers win (and your first bet is successful), you’ll receive the winnings from your wager like normal. That’s why we call it “first-bet safety net”; it’s there just in case you need it!
Is Your First Bet Risk Free?
No, your first bet is not “Risk Free”. However, BetMGM currently provides a first-bet safety net to all new users. What does this mean, you may be wondering? Allow me to explain:
While your first bet isn’t technically free, it’s protected by BetMGM’s first-bet offer promotion. This ensures that if your initial wager happens to lose, you’ll receive a 100% refund of up to $1,500 in bonus bets, effectively giving you another shot at wagering without having to use your own money. It is not considered free as the refund is in bonus bets, not real money, which the original wager was made in.
Terms & Conditions for the BetMGM First Bet Offer
Before we proceed, it’s important to discuss the terms and conditions associated with the BetMGM $1,500 First Bet Promo. This will give you a better idea of what to expect and help avoid any surprises later.
Wagering Requirements
Wagering or playthrough requirements are an important part of all sportsbook promos and bonuses. They determine the number of times you must wager the bonus funds before you can withdraw them as cash.
Fortunately, the bonus bets awarded through the BetMGM First Bet Offer have just a 1x wagering requirement in place, meaning you only need to wager the bonus amount once before you can withdraw any associated winnings.
This low playthrough requirement is one thing I like and appreciate about the sign-up bonus at BetMGM Sportsbook.
Bonus Expiration Dates
Another crucial aspect to consider is the expiration dates associated with the bonus offers. Typically, bonuses come with specific time frames within which they must be used, and BetMGM’s Welcome Offer is no exception.
If unused, all bonus bets at BetMGM Sportsbook expire after seven (7) days. Therefore, it’s important to utilize your bonus funds within this timeframe to avoid losing them.
How does BetMGM First Bet offer compare?
Caesars, Bet365, and BetMGM all entice new users with enticing bonus bets if their first wager doesn’t win, but each promotion has unique advantages. Notably, BetMGM stands out with an impressive offer that can reach up to $1,500 in bonus bets, giving it a $500 edge over Caesars and Bet365, both of which cap their offers at $1,000. This difference not only provides a more substantial safety net for newcomers but also highlights BetMGM’s commitment to enhancing the betting experience. While all three sportsbooks share a range of features and betting options, BetMGM’s superior bonus bet amount positions it as a top choice for those seeking robust first-bet protection.
Best Way To Use Your $1500 BetMGM First Bet Promo
Are you trying to figure out how to make the most of the BetMGM First Bet Offer? Here are some strategies and tips you can use to set yourself up for success:
- Do Your Research: Before you place your first bet, research the available options thoroughly. Consider factors such as teams’ recent performances, player statistics, and any relevant news that might influence the outcome.
- Decide on Your Level of Risk: Assess your risk tolerance and choose a bet that aligns with it. Whether you prefer safer bets with lower potential returns or riskier bets with higher payouts, understanding your risk appetite will help you make strategic choices.
- Read the Terms & Conditions: Familiarize yourself with the terms and conditions of the BetMGM First Bet promotion to avoid any surprises or misunderstandings. Pay attention to requirements such as minimum bet amounts, eligible sports or events, and any wagering or withdrawal restrictions.
- Bet Responsibly: Gambling responsibly is crucial when using promotional codes like BetMGM’s First Bet offer. Set a budget for your bets and stick to it, avoiding chasing losses or placing reckless wagers. Remember that gambling should be enjoyable and entertaining, and never risk more than you can afford to lose.
- Look for Other Bonuses & Promotions: BetMGM offers other ongoing bonuses and promotions (more on that in the next section). These will help you capitalize on additional opportunities to boost your betting bankroll and maximize your overall returns.
BetMGM Banking Options: What You Need to Know
BetMGM provides a variety of banking methods for deposits and withdrawals, tailored to meet the needs of players in different markets. From credit cards to digital wallets, the options are comprehensive and convenient. Below is a table summarizing some of the most popular methods and their processing times:
| Method | Deposit | Withdrawal | Processing Time |
|---|---|---|---|
| 💳 Credit & Debit Cards | ✅ (Instant) | ✅ | 1-3 business days |
| 💳 Play+ | ✅ (Instant) | ✅ | Within 6 hours |
| 📱 PayPal | ✅ (Instant) | ✅ | Up to 24 hours |
| 📱 Skrill | ✅ | ✅ | 1-2 business days |
| 📱 Apple Pay | ✅ | ✅ | 1-3 business days |
| 📱 Online Banking | ✅ (Instant) | ✅ | 1-3 business days |
| 📧 E-Check | ✅ | ❌ | Not available for withdrawals |
| 💵 PayNearMe | ✅ | ❌ | Not available for withdrawals |
| 📍 Cash at the Cage | ✅ | ✅ | Up to 72 hours |
| ✉️ Check by Mail | ❌ | ✅ | 7-20 days |
| 💳 TAPPP Gift Card | ✅ (Up to 72 hours) | ❌ | Not available for withdrawals |
The Cashier function on BetMGM is user-friendly, allowing you to manage your deposits and withdrawals effortlessly. Deposits are typically processed instantly, with a minimum amount of $10. For withdrawals, processing times vary by method. Digital wallets like PayPal and Play+ are among the fastest, with funds often available within 24 hours. On the other hand, methods like online banking or cash at the cage might take a little longer, ranging from 1-3 days.
Key Takeaways
From my experience with BetMGM, the platform excels in providing fast and reliable banking options. Whether you prefer instant deposits via debit cards or the convenience of PayPal for withdrawals, BetMGM ensures a seamless transaction process. For detailed information about each method, I recommend visiting the help section on their official website, where they provide comprehensive guidance to enhance your gaming experience.
How to Cash Out BetMGM Bonus Winnings: My Experience
Cashing out your BetMGM bonus winnings is straightforward if you understand the process and follow the steps carefully. From my experience, the first thing to do is review the bonus terms, such as wagering requirements, minimum odds, and expiration dates. These details are critical to ensure you qualify for a withdrawal. I recommend breaking your bonus into smaller, strategic bets, focusing on wagers you’re confident in to maximize your chances of meeting the conditions.
Once you’ve met the requirements and your bonus winnings convert to withdrawable cash, the next step is to verify your account details. This includes personal information and payment methods to avoid any delays. Afterward, head to the “Cashier” section on the BetMGM app or website, select your preferred withdrawal method (like PayPal or bank transfer), and submit the transaction. In my experience, withdrawals are processed efficiently, often within 24 hours for faster methods like PayPal or Play+. With BetMGM, you can trust that your winnings will be in your hands promptly.
Final Thoughts
Experience the thrill of betting with BetMGM, one of the leading sports betting and online casino platforms in the U.S.! With its top-notch software and exciting promotions, you’ll find incredible value here. Plus, its competitive pricing and availability in numerous states make it a top choice. Unlock the largest first bet offer in the U.S. by using the bonus code ATSBONUS. Join the action now!
