BetMGM bonus code: Up to $1,500 in bonus bets if your first bet loses

The latest BetMGM Sportsbook bonus code for new users is a welcome offer worth up to $1,500 in bonus bets if your first bet loses in August on college football, NFL preseason, MLB games, soccer, PGA TOUR golf wagers or the WNBA. This MGM offer can also be used on any other sport. The MGM brand is one of the most recognizable in the gambling and entertainment world. Those interested in this promo can click CLAIM BONUS and register with the BetMGM bonus code CBSSPORTS.

In addition to college football Week 0, the Saturday sports calendar also includes a strong 14-game MLB slate, 10 NFL preseason battles and three WNBA contests. Below is a snapshot of what to watch and bet at the top sportsbooks on Saturday, Aug. 23.

In this extensive, honest review, we'll take a closer look at BetMGM and detail what users can expect from the popular sportsbook. We'll dive into the bonus code and welcome offer at the sportsbook and provide authentic opinions on the overall user experience of the BetMGM app. Click Here to sign up for the new user BetMGM bonus code:

In Michigan, Pennsylvania, New Jersey, Connecticut and West Virginia, players can also check out the BetMGM Casino app.

BetMGM Sportsbook promo code review: CBSSPORTS

The latest BetMGM bonus code is known as a first-bet offer. New users can sign up with the BetMGM bonus code CBSSPORTS and receive up to $1,500 in bonus bets if their first bet loses. If you're interested in getting started, you can click the CLAIM BONUS button on this page to be taken to BetMGM Sportsbook.

Here are some more details to know about the bonus that comes with this welcome offer:

• This offer is available only to new BetMGM Sportsbook customers.
• Users must be at least 21 years old to play at BetMGM.
• Bonus bet amount is equal to the stake you lost on the first bet, up to $1,500. Bonus bets should be received shortly after the first bet is lost. If your first bet wins, it gets paid out like any other bet.
• If the initial bet was $49 or less, you'll get one bonus bet equal to the original stake. If the bet was $50 or larger, you will receive five bonus bet tokens, each worth 20% of the initial bet.
• Bonus bets cannot be withdrawn and expire seven days after they are issued. Additionally, they have a 1x playthrough requirement. 
• Payouts from bonus bets are transferred to the user's cash balance and do not include the bonus bet stake. For example, if a $50 bonus bet is placed at +100 odds and wins, the user earns only the $50 profit. A $50 cash bet on +100 odds that wins would pay out $100. 

To qualify for the BetMGM promo, new users must deposit at least $10, enter the BetMGM promo code CBSSPORTS during registration, and place an initial bet. There is no minimum odds requirement on the initial bet. 

How does the BetMGM bonus compare to other sportsbook promos?

Here's how the BetMGM bonus code compares to other sportsbook welcome offers. 

Types of welcome promos

The BetMGM bonus code is a "first bet offer" type of promo. You can bet up to $1,500 on your first bet and get the same amount in bonus bets if you lose.

The Fanatics Sportsbook promo code is similar to BetMGM, but it offers it on more than just your first bet. Instead of a one-time chance, it grants No Sweat Bets, the first bet on football up to $100 after opting in each day, for every football game day through October 12, 2025. The No Sweat Bets would be rewarded with FanCash, which is Fanatics' loyalty rewards program.

"Bet-and-get" sign-up promos are the other popular type of welcome promos offered by sportsbooks. This is what the latest DraftKings promo code and FanDuel promo code offer, and the bet365 bonus code also falls into this category. With these types of welcome offers, you generally need to place a $5 bet to receive a large amount of bonus bets. With bet-and-get sportsbook promos, it's important to check if you need to win your first bet in order to receive bonus bets. The latest bet365 bonus code and DraftKings promo code do not require you to win your first bet, while the FanDuel promo does.

The new Caesars Sportsbook promo is also a bet-and-get offer, but Caesars is offering profit boost tokens rather than bonus bets.

These welcome promos allow novice bettors to try out sportsbooks without having to wager hundreds of dollars; however, the amount of bonus bets offered changes for each sportsbook's welcome offer periodically. 

How to sign up and claim the BetMGM Sportsbook bonus code

1. Those interested can click the CLAIM BONUS button on this page to navigate to BetMGM Sportsbook or click here
2. After downloading the app, click the SIGN UP button.
3. Begin creating a BetMGM Sportsbook account. Use promo code CBSSPORTS during sign-up to lock up to $1,500 in bonus bets if your first wager loses.
4. Allow BetMGM Sportsbook to use your location. You must be physically located in a legal sports betting state to bet. 
5. Users must deposit $10 or more. 
6. If the first qualifying bet wins, you get paid in cash. If it loses, you will get the amount you wagered in bonus bets, up to $1,500.

Click here to sign up:

How to place a bet on BetMGM Sportsbook

When logged in to either the BetMGM app or website, placing a bet is a very simple process. First, select the sport you wish to wager on and find your intended game or match. Standard bets such as point spread, money line and totals are generally immediately viewable on the respective sport's screen. 

Clicking on the game will take you to the full slate of available bets or to build a same-game parlay. Once you have selected a bet, it is added to your betslip, which you can continue to build out or submit immediately.

BetMGM promos and bonuses for existing users

BetMGM offers a very friendly blend of bonuses and promos for returning players, although there is no specific BetMGM bonus code for existing users.

Best BetMGM Sportsbook promo this week

• BetMGM bonus code: BetMGM bonus code CBSSPORTS awards new users up to $1,500 back in bonus bets if their first bet loses. Learn more about the BetMGM Sportsbook promo and claim your bonus.
• MLB Odds Boost Token: When opting into this promo, if your MLB bet wins, your profit will increase by a certain amount. For specific amounts, log into your BetMGM account and click on the "Promotions" tab.
• Second-chance scorer: BetMGM allows you to place an NFL first touchdown scorer wager, and if it loses but that player scores the second touchdown, the sportsbook will give you a refund in cash (no bonus bets)
  

Second-chance scorer

BetMGM allows you to place an NFL first touchdown scorer wager, and if it loses but that player scores the second touchdown, the sportsbook will give you a refund in cash (not bonus bets). 

This same type of promo is available for the NBA with first basket props. Get your cash back (not bonus bets) if the player you wagered on to score the first basket does not but scores the second basket. 

Profit boosts

BetMGM will frequently provide profit boosts to boost your odds and potential payouts on straight bets, parlays, and same-game parlays. You can find what's offered to you right on the home screen after you log in. 

Daily games

BetMGM offers daily games throughout the year to earn more profit boosts. They are retro video game-like animations with themes based on whichever sport is in season. 

Deposit matches

BetMGM also sometimes offers existing users a deposit bonus. For example, we have seen 25% or 50% deposit bonuses up to $100 with only a 1x playthrough. So if it's a 25% bonus up to $100, a BetMGM user would need to deposit $400 to get the maximum $100 bonus.

There is no pattern to when users receive these, though, so our best advice is to always check your promos tab after logging in to see if one has been offered.

MGM Rewards loyalty program

BetMGM has one of the best rewards programs in the industry. With every bet or parlay you place, you'll earn both reward points and tier credits. Rewards points can be redeemed for bonus bets, but also hotel stays, food and beverages, spa and salon services and many other things offered by MGM Resorts. 

Tier credits determine what level of benefits and perks you receive. There are five tiers in the MGM Rewards system: Sapphire, Pearl, Gold, Platinum, and NOIR. Once you're registered with MGM Rewards, you'll be in the Sapphire tier until you reach 20,000 tier credits, when you'll be elevated to Pearl. After that, 75,000 tier credits gets you to Gold, 200,000 gets you to Platinum and then the NOIR tier is invite only.

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BetMGM Sportsbook user experience

Both the BetMGM app and the website are easy to navigate and offer a wide range of betting options across almost every sport. Let's dive into how BetMGM is organized and whether it's fun and easy to use compared to other sportsbooks. 

User interface

After logging into BetMGM, users find a home screen that is simpler and less cluttered than FanDuel and DraftKings. Whereas DK and FanDuel have more than 25 different buttons or banners you can tap on the home screen, BetMGM only has about 15 on the average day. 

Here's what you'll find working from the top of the home screen to the bottom.

BetMGM Sportsbook home screen layout

• Deposit: found in the top-right corner
• Search: both a search field and a "Sports" button are available; the button opens the entire sportsbook catalog of betting menus
• Trending: menu of buttons for what sports are trending that day; always begins with a "Live" button for in-game betting
• My Active Promotions: here's you'll find any odds boosts available in your account
• Promos: banner ads for that day's sportsbook promos
• Game Tile: odds for a specific game that is popular that day
• Bet Slip: any odds you have clicked on move here
• App Navigation Menu: Home, My Bets, Promotions, and Account balance buttons

The search function inside the BetMGM app is unsatisfactory. It does a poor job of anticipating user intent. For example, we searched for Travis Kelce, and instead of showing available Kelce player props, it displayed the spread, money line and total for the Chiefs' next game. 

We also searched Duke, and the default search result was an obscure English League Two soccer game where neither team had Duke in their names. A basketball tab was available to filter down to potential Duke college basketball offerings, but after we clicked that button, we were met with a message that said, "Sorry, no events currently available." While Duke did not have a game on the day we searched, it still could have displayed Duke futures to win the national championship, reach the Final Four, etc. 

Therefore, if a user is having a hard time finding the odds or props they want, it's frustrating not to have reliable search functionality.

Sportsbook app design, speed, functionality

When it comes to the most important parts of a sportsbook experience – finding events (minus the search bar), placing bets and tracking pending bets – BetMGM is satisfactory and offers a fine user experience.

However, the app can load slowly at times when trying to move quickly from screen to screen, compared to other sportsbooks. BetMGM is definitely behind its competitors in app reliability. It tends to lag when switching from screen to screen. 

BetMGM app vs. desktop site (as of August 21, 2025)

• Apple App Store (iOS): 4.8/5 stars (239k reviews)
• Google Play (Android): 4.2/5 stars (36k reviews)

The website version of BetMGM is organized just fine with a Top Sports menu added to the left-hand side of the screen, vs. what you'll find on the app. The one criticism would be where they place the "Sports A-Z" button, in case you're looking to bet on something that is not in the Top Sports menu. It's tucked in the top-right corner halfway off the page and is easy to miss.  

We thought the app was organized better and betting on a sportsbook's desktop website can include some geolocation troubleshooting at times. Some sports betting sites will require you to download third-party software to verify you are in a legal betting state. 

Variety of sports & betting markets on BetMGM

BetMGM offers almost every sport you can imagine. At the time of this review, bets were available for everything from major upcoming NFL and NBA games to live table tennis matches. Here's a look at the variety of available sports markets on BetMGM.

Quality of odds

BetMGM tends to sit in the middle of the road in terms of odds. The vig is in line with industry standards. While BetMGM's odds aren't always the best, the variety of available markets and wagers for events can make up for where the sportsbook comes up a little bit short.

BetMGM key betting features

Here's what you need to know about placing bets with BetMGM:

Parlays and same-game parlays

BetMGM makes it easy to create parlays, same-game parlays, and traditional parlays combined with SGPs. Each game odds tile comes with a "Build Parlay" button before a game starts. You will not see it if the game is in progress and live odds are being presented. 

After you hit the "Build Parlay" button, potential legs for your SGP are broken down into several tabs:

• Popular
• Players
• Teams
• Game

Clicking any of the odds will move that potential wager into your bet slip. As you add legs, the SGP odds update in the bet slip, so you can determine whether the odds increase you just created is worth it to you or not. 

Click on the bet slip and look for an add promo option. If available, you may have an odds boost in your account to further increase your SGP or traditional parlay odds. 

Early cash-out

Early cash-out allows users to end their bet before it is settled. Sometimes a sportsbook offers a cash-out at a loss, and sometimes they offer a profit, depending on how the odds have changed vs. what you originally bet it at. If a four-leg parlay has three legs already hit, BetMGM might offer you a chunk of your potential winnings right then and there. 

You can find early cash-out offers by clicking the My Bets button at the bottom of the app and seeing if any of your pending bets have offers to cash out. You can't miss it. The early cash-out buttons are large and gold. 

Just know early cash-outs are typically not offered at fair prices, and hedging is generally the better decision mathematically. 

Live betting

Live betting allows users to follow a game and bet on it as the odds change in real-time. Some betting markets only become available once the game is live, like "result of the next drive" in NFL betting. 

Another term for this is micro betting, as you are wagering on small outcomes within a game and not the full result of one. 

Click here to get started:

How to track your bets on BetMGM

All previously placed wagers, including settled, live or open bets are available to be seen by simply clicking the "my bets" button, which is prominently displayed on both the app and website.

BetMGM customer service

BetMGM has solid customer service, with the ability to submit messages via email, live chat between the hours of 10 a.m. and 10 p.m. ET, and a support phone line for each state. 

Responses through the chat and phone options are very quick and representatives are generally capable of handling most simple issues at the initial point of contact. 

In one case, I had a deposit accidentally tied to a casino bonus, making that money unavailable for sports betting. Through the live chat, I was able to have the promo status removed and the money available for the sportsbook in a matter of minutes.

Here is the contact information for BetMGM customer support by state. Service hours for support by phone are 11 a.m. to 8 p.m. ET. 

BetMGM responsible gambling tools

BetMGM offers several responsible gambling tools for users. Beyond that, BetMGM offers "GameSense," which is a variety of documentation discussing their value, explaining odds and helping to identify signs of problem gambling.

Here's a look at the tools on offer:

• Deposit limits: Users can set up exactly how much money they can deposit into their account in a day, week and/or month.
• Daily time limits: Users can set a limit on how much time they can play in a day. Once that limit is reached, the user is logged out with no ability to log back in until the next day.
• Loss limits: Limits can be set up for how much money can be lost on BetMGM in a day, week and/or month.
• Withdrawal lock-in: Users can opt into withdrawal lock-in, which prevents them from reversing a withdrawal once it is initiated.

BetMGM banking options 

BetMGM has the standard banking options one would expect from an online sportsbook. Deposits can also be made digitally or at cashier windows for MGM-affiliated casinos. Withdrawals can be made via the same methods set up for deposits.

Deposit methods

The table below provides the details on each deposit method.

Withdrawal methods

There aren't quite as many options for withdrawal, but every option is detailed in the table.

BetMGM Sportsbook review: Final verdict

BetMGM offers a tremendous amount of promotions for existing users even after the first bet offer of up to $1,500 in bonus bets. You can claim same-game parlay boosts, second-chance bets, profit boosts, and more daily. We wish the app was more reliable, faster, and did not lag as much from one betting menu to the next, but if you can deal with that bit of annoyance, it works fine as a sportsbook app. 

BetMGM Rewards being tied to the larger MGM Rewards program is also a nice perk, potentially meaning trips to in-state MGM casinos – or MGM casinos in Las Vegas can both build your rewards pool or you can use your accrued BetMGM Rewards for perks at those physical locations.

Overall, we do not think BetMGM is the best sportsbook app but it is a fine option that every serious bettor should consider using, as shopping for the best odds is one of the easiest and best sports betting strategies. 

Honest feedback on how BetMGM Sportsbook can improve

• The app could use some upgrades to make navigating through it faster, with lower lag and loading times.
• Increase SGP options. Same-game parlay catalogs are not nearly as large as other sportsbooks.  

BetMGM Sportsbook FAQ

What is the best BetMGM Sportsbook bonus code?

The MGM bonus code CBSSPORTS for new users gives up to $1,500 in bonus bets. Sign up for a new account, make an initial deposit of at least $10 using the promo code, and receive the amount of your initial bet in bonus bets if you lose, up to $1,500.

How do you enter a bonus code on BetMGM?

After clicking the deposit button in the app, there is a box along with the deposit information with the label "Got a bonus code?" Enter your bonus code before completing your deposit.

What is BetMGM?

BetMGM is a U.S.-based online sportsbook and casino platform, formed as a joint venture between MGM Resorts International and Entain Holdings, offering betting on various sports and casino games.  

Is BetMGM legit?

Yes, BetMGM is a legitimate and licensed sportsbook, operating under state-level gaming authorities, and employs strong security measures, including SSL encryption and two-factor authentication.  

Does BetMGM offer promos for existing users?

BetMGM offers a very friendly blend of bonuses and promos for existing users across a variety of sports. In addition to offerings such as second chances on specific bets like NFL first touchdown scorer, profit boosts, parlay bonuses and referral bonuses, the site offers occasional daily games with the chance to win various bonuses or free bets.

Also, BetMGM often offers return deposit bonuses for users who have been inactive.

Where is BetMGM legal? 

BetMGM Sportsbook is available in Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Michigan, Mississippi (must be inside Beau Rivage Resort & Casino) New Jersey, Nevada, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, Washington D.C., West Virginia and Wyoming. 

Does BetMGM have a sports betting app?

Yes, BetMGM has a smartphone app with which you can make sports bets as well as play casino games. The app can only be used while physically in a state in which BetMGM is legal and available.

Do you need to verify an address for BetMGM?

Yes, you will need to provide account verification, which includes your address as well as other personal details. You will also have to share your location while using the app or website to prove you are in an area where using BetMGM is legal.

Does BetMGM have a referral bonus?

Yes, BetMGM has a "Refer A Friend" invitation. When someone signs up through your invitation, they must make a first deposit of $100 or more. After settling at least $100 of bets, both you and your friend will receive a $100 bonus.

How long does it take BetMGM to settle bets?

Bets are settled nearly instantly on BetMGM outside of unique and rare circumstances. Funds on winning bets should be immediately available.

How long does BetMGM take to withdraw?

Withdrawal times at BetMGM vary by method: e-wallets like PayPal typically process within 24 hours, while bank transfers and card withdrawals can take 1–5 business days, often following an internal review period of 3–5 days.