The BetMGM Bet $10, Get $200 promo is currently paused in favor of a special $1,500 First Bet offer.
Sign up now, bet at least $5, and if your first bet loses, get your original stake back as a bonus bet token, up to $1,500!
BetMGM Bet $10, Get $200
| BetMGM Bonus Code | |
| BetMGM Bonus Details | $1,500 First-Bet Bonus |
| BetMGM Promo Terms & Conditions | New customers 21+ located in AZ, CO, IL, IN, IA, KS, KY, LA, MI, MA, MD, NJ, OH, PA, TN |
| More BetMGM Terms & Conditions | Applies only if your 1st bet loses; bonus bets credited 24 hours after your first wager is graded a loss; tokens come in 20% increments of your first wager unless it's less than $50 (1 token). Bonus bets have no cash value and expire in 7 days. |
| BetMGM minimum deposit | $10 |
The BetMGM Bet $10, Get $200 welcome bonus has expired. New users can now take advantage of up to $1,500 in bonuses using promo code GAMEDAY.
BetMGM Sportsbook is offering new sign-ups a fantastic bet and get offer when you sign up with GAMEDAY. You’ll get a $200 bonus as soon as you bet $10 on any market!
Keep reading to take advantage of this deal for NFL or any other sport. This is a limited-time deal so don’t miss out.
Be sure to grab one of the best sportsbook promos in the industry before it’s gone.
There’s no telling when BetMGM will swap out this Bet $10, Get $200 promo it out for another offer.
If you are looking for the and using promo code GAMEDAY.
BetMGM Promo
Although the BetMGM Bet $10, Get $200 has expired, you can still get a first bet offer up to $1,500.
Just and sign up with promo code GAMEDAY, make your first deposit, and place your first bet of at least $5. If you lose, you will be refunded in bonuses up to $1,500.
For example, if I bet $1,500 and lost, I would get back $1,500 in bonus bets.
The previous BetMGM promo required you to place your first bet of at least $10. Whether it wins or loses, get $200 in bonus bets.
You’ll receive your bonus bets in 25% increments of your original wager. So you’ll get four (4) $50 bonus bets, totaling $200.
How the BetMGM Bonus Code Works
If you need help activating your BetMGM promo code, just follow these steps:
- ✅ to navigate to the BetMGM registration page.
- ✅ Use promo code GAMEDAY on registration.
- ✅ Complete any necessary identity and location verification steps.
- ✅ Select your safe and secure deposit method and make a deposit of at least $10.
New Offer: Up to $1,500 in Bonuses
- ✅ Place a $5+ bet on your preferred market.
- ✅ If you win, enjoy your profits as usual.
- ✅ If you lose, get matched in bonuses (ex. $1,500 losing bet returns $1,500 in bonuses).
Previous Offer: Bet $10, Get $200 (now expired)
- ✅ You had to place your first bet of $10+ on any market in the BetMGM Sportsbook.
- ✅ Whether your first bet won or lost, get $200 in bonus bets.
- ✅ Bonus bets are awarded as four (4) fifty-dollar bonus bets.
Wagering Requirements
- Bonus bets cannot be withdrawn from your account.
- Use the bonus to try to rack up more winnings.
Terms and Conditions
- You can’t use odds boosts on your qualifying bet — strictly cash wagers.
- Get five bonus bets in 20% denominations if you lose.
- Example: $1,500 losing bet returns five $300 bet tokens.
- If your qualifying bet is less than $50, get one single bet token matching your initial wager.
- Bonus expires seven days after being issued.
BetMGM Promo vs Its Competitors
Let’s dive in to find out how the BetMGM promo stacks up to the competition.
bet365 Sportsbook
At bet365, new signups can choose between Bet $5, Get $200 or a First Bet Safety Net up to $1K.
The First Bet Safety Net is the same as BetMGM’s offer, except with a lower limit at $1,000 instead of $1,500.
The Bet $5, Get $200 offer is best suited for recreational players seeking an easy way to rack up bonuses ($5 wager).
Don’t forget to use promo code GAMEDAY to unlock this offer.
Fanatics Sportsbook
Fanatics has a Bet $100, Get $100 for 10 consecutive days for a total of $1,000 in bonuses for new users.
You can rack up $1,000 in bonus bets if you place a $100 wager each day for 10 straight days — but if you miss one, you forfeit the bonus for that day.
This is one of the most unique offers in the industry, so make sure to take advantage.
Caesars Sportsbook
Sign up at Caesars to enjoy up to $1,000 in bonuses with promo code GAMEDAY.
This is almost the same as BetMGM except with a lower limit at $1,000. Also, at Caesars, your bonus is provided as a single bet token, whereas at BetMGM, you get 20% denominations of your initial bet.
Read more about the Caesars promo code.
DraftKings Sportsbook
DraftKings features a Bet $5, Get $250 promo that also includes a free one-month subscription to NFL+ Premium.
This is a great way to use your bonus and sweat your bets while you watch on NFL+ Premium.
It’s one of the best sportsbook promos in the industry due to the low barrier of entry and subscription component.
FanDuel Sportsbook
FanDuel has a Bet $5, Get $200 welcome bonus along with three weeks of NFL Sunday Ticket.
Like DraftKings, it’s a terrific offer because you can get $200 in guaranteed bonuses and have a chance to watch every NFL game with Sunday Ticket.
While this is a lower limit than BetMGM ($200 instead of $1,500), it’s still a good offer because it’s easier to get ($5 wager).
Best Way To Use The BetMGM $200 Promo
The BetMGM $200 promo code is expired, but the new offer of $1,000 in bonuses is extraordinarily easy to activate, just sign-up with code GAMEDAY.
Previously, you would just place your first bet of $10+ and get $200 in bonus bets. But now, your first wager is matched in refunds if it loses, up to $1,500.
I would recommend playing it safe with this offer, since your goal is to obtain more profit. You don’t want to be reckless by choosing a longshot, only to have to try to get back your losses with your refunded bonuses.
Find your favorite player prop, research the matchup, and compare the odds with other sportsbooks. If you find that the play looks appealing, make the move.
If you end up losing your first bet, you want to play it even safer, as you’re not trying to get back your losses.
Whatever team and sport you decide to bet on, the shown odds’ winnings will be paid in cash based on the normal odds price on the BetMGM Sportsbook.
Here’s how the previous Bet $10, Get $200 strategy worked:
Additionally, you will have your account credited in bonus bets to reflect the total remainder of the enhanced odds you’re eligible for under this sports promotion.
- For example, If shown odds are +100 and the qualifying bet wins, you will receive paid $20 ($10 stake+ $10 profit) and $200 in bonus bets.
- Bonus bets will be split into four $50 bets.
- To take advantage of this generous offer, you must create a new account and deposit at least $10 using one of their many safe and secure banking options.
- Once the funds are in your account, bet $10 on your chosen sport and whether you win or lose, get $200 in Bonus bets.
- Bonus bets must be used within seven days of them being credited to your account.
If you fail to use your bonus bets within 7 days, they will expire and you’ll have lost out on the BetMGM Bet $10, Get $200.
An important note on the bonus bets is that your stake will not be returned, only the profits. So if you place a $50 bonus bet on a wager with odds of (-200), you will receive only the $25 in profits.
This incentivizes bettors to use their bonus bets on wagers with longer odds — whether that be an underdog moneyline or a parlay.
You’ll have four (4) bonus bets so unlike some operators who give one bonus bet, you do have some breathing room to recoup your deposit if your first bet loses.
Is the BetMGM Promo Worth It?
Yes, the BetMGM promo is worth it. You have a chance to build your bankroll since it has such a high limit at $1,500.
If you’re able to place a large bet as your qualifying wager, you can add to your balance with this offer. Even if you end up losing, at least you’ll have a chance to recoup your losses with the bonus bets.
It’s also helpful that the bonus is provided in 20% increments as opposed to one single bet token. This makes it easier to spread out your risk as your try to get back your losses.
How to Withdraw Your BetMGM Promo Winnings
Follow these steps to withdraw your BetMGM promo winnings:
- Click your account settings.
- Choose “Withdraw."
- Select the banking method you want to use.
- Wait for the request to be approved and submitted.
- Some methods are faster (ex. PayPal) than others.
Where Is the BetMGM Sportsbook Promo Available?
The BetMGM promo is available in these states:
- Arizona
- Colorado
- Indiana
- Iowa
- Illinois
- Kansas
- Kentucky
- Louisiana
- Maryland
- Michigan
- North Carolina
- New Jersey
- Ohio
- Pennsylvania
- Tennessee
- Virginia
- Washington D.C.
- West Virginia
- Wyoming
