About the Bonus
![BetMGM Bonus Bets New Customer Offer Bet $5 Get $158](https://cdn.spa.rg.prod.bemymedia.com/static/_next/image?url=https%3A%2F%2Fcms-cdn-rg-prod-bemymedia-com.s3.us-east-2.amazonaws.com%2FBet_MGM_Bonus_Bets_Review_c6df0d7d75.webp&w=3840&q=75)
The BetMGM: Bet $5 Get $158 in Bonus Bets is a promotional offer targeted at new users of the BetMGM Sportsbook. This promotion operates under a straightforward premise: new users who sign up for a BetMGM Sportsbook account, make a deposit, and place their first bet of at least $5 are rewarded with $158 in Bonus Bets. This bonus is credited to the user's account regardless of the outcome of their initial wager.
The promotional period for this offer is from January 9, 2024, to February 12, 2024. Eligibility for the bonus is restricted to new users of the BetMGM Sportsbook who are 21 years or older, located in states where BetMGM operates legal online sports wagering, and are not on any exclusion or self-exclusion lists. To qualify, users must fulfill the minimum deposit and wager requirements within the specified promotional period.
The appeal of this promotion lies in its simplicity and the immediate reward. Users are not required to wait for the outcome of their initial bet to receive the bonus bets, which are credited instantly. This instant credit feature could be particularly appealing to those new to sports betting, offering a way to explore the platform with additional betting credits.
Pros & Cons
Pros
- Immediate Reward: Users receive the bonus bets instantly after placing their qualifying bet.
- Simple Eligibility Criteria: The offer is straightforward, requiring a minimum bet of $5 with no complex requirements.
- Open to All Sports Bets: The bonus can be used for any sports wager, providing flexibility.
- No Winning Requirement: The bonus is awarded regardless of whether the initial $5 bet wins or loses.
Cons
- Limited Time Frame: The offer is only available during a specific promotional period.
- New Users Only: Only new users are eligible, excluding current BetMGM Sportsbook users.
- Geographical Restrictions: The offer is limited to users in jurisdictions where BetMGM offers online sports wagering.
- Bonus Bet Limitations: Bonus bets have specific usage terms, such as being non-withdrawable and having to be used within a set timeframe.