BetMGM presents two sportsbook welcome offers to choose from when you register a new account this week. You have the option to sign up with the BetMGM bonus code TOPTAN1600 to access a 20% deposit match or opt for the BetMGM bonus code TOPACTION for a $1,500 first bet on the house.
- BetMGM bonus code TOPTAN1600: This code unlocks the 20% deposit match offer, where you can get up to $1,600 in sports bonus funds. For example, a $1,000 deposit earns you $200 in bonus funds. There is also 10x rollover requirement within 30 days for this BetMGM promo.
- BetMGM bonus code TOPACTION: The $1,500 first bet offer refunds your stake in bonus bets if your first bet loses. If it wins, you receive payment as you typically would.
Note that these promotions are available in all BetMGM legal states except New York and Nevada, with Ohio bettors being limited to only the first bet offer.
Let’s explore these sign-up bonus offers further by looking ahead to Thursday's college football slate.
How to Use the BetMGM Bonus Code: UNC vs. Minnesota Football Best Bet
Week 1 of the college football season kicks off with an exciting matchup between the North Carolina Tar Heels and the Minnesota Golden Gophers. The betting market has taken a clear stance as the Tar Heels have flipped to being 1.5-point favorites after Minnesota opened as a 1.5-point favorite. If you believe in the efficiency of the market, like I do, then it's best to side with Tar Heels as a slight favorite.
Below we'll run through how each BetMGM promo offer plays out if you back the Tar Heels -1.5 (-110).
With the BetMGM bonus code TOPACTION, a $1,500 first bet on the Tar Heels to cover the spread (-110) can play out one of two ways:
- Tar Heels Cover the Spread: You get a payout of $2,863.64 ($1,363.64 in winnings, plus your $1,500 stake back), but you do not receive any bonus bets.
- Tar Heels Don't Cover the Spread: You get five $300 bonus bets, matching your $1,500 initial stake.
BetMGM distributes bonus bets in five equal amounts, if your first bet is for $50 or more. You have seven days to use the bonus bets, which apply to any sport or betting market. Bonus bet credits are not included in payouts.
If you sign up with the BetMGM bonus code TOPTAN1600 for the 20% deposit match, you get sports bonus funds to bet on college football and any other sport of your choosing. Remember that winnings from bonus bets do not return the stake. For the Tar Heels -1.5 (-110) example, here are the possible outcomes for a $300 bonus bet after depositing $1,500:
- Tar Heels Cover the Spread: A $300 bonus bet earns $272.73 in winnings, but the stake goes back to BetMGM. your cash balance is now $1,772.73.
- Tar Heels Don't Cover the Spread: You lose the $300 in bonus bet credits, but still have your original $1,500 cash stake.
How to Register with the BetMGM Bonus Code
- Click the Sign-Up Module: Click one of the modules above, select your state, and hit "Register" at the top right to begin the new user registration process.
- Create Your BetMGM Account: Enter your personal details, including your email, name, date of birth, last four digits of your SSN, phone number, and address. Then, set a user ID and password.
- Agree to the Terms: Accept the Terms & Conditions, set your security questions, and confirm your age and eligibility.
- Choose Your BetMGM Promo: Use the BetMGM bonus code TOPTAN1600 for a 20% deposit match, up to $1,600 in sports bonus, or the BetMGM bonus code TOPACTION for the $1,500 first bet offer.
- Deposit: Make your first deposit using any accepted banking method.
- Place Your First Bet: Wager on any available sports betting market via the BetMGM app or website.
21+. Gambling problem? Call 1-800-GAMBLER. AZ, CO, DC, IA, IL, IN, LA, KS, KY, MA, MD, MI, NC, NJ, OH, PA, TN, VA, WV, WY. Call 877-8-HOPENY or text HOPENY (467369) (NY). Call 1-800-327-5050 (MA). 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA). Participant must complete the Wagering. Bonus Bets Expire in 7 Days. US Promotional Offers Not Available in MS, NY, ON, or PR. Visit BetMGM.com for Terms & Conditions.