BetMGM First Bet Offer CO: Up To $1500 In Bonus Bets

Pros

• Provides a significant safety net for new users with up to $1,500 in Bonus Bets.
• Minimal initial deposit requirement of only $10.
• Wide eligibility criteria, including all new BetMGM Sportsbook account users over the age of 21.
• Allows for betting on a broad range of games and events.

Cons

• Bonus Bets cannot be withdrawn as cash, limiting the direct financial benefit.
• If the first bet is under $50, the entire bonus is given in one lump sum, rather than being spread out.
• The offer is only available to users who lose their first bet, which might not appeal to more confident or experienced bettors.
• The promotional period has a set expiration, limiting the window of opportunity to claim the offer.

Claiming the BetMGM First Bet Offer involves a straightforward process designed to welcome new CO bettors into the world of sports betting. Initially, interested parties must download the BetMGM Sportsbook app or navigate to their website to begin the registration process.

Steps to Claim:

1. Download the BetMGM Sportsbook app available on iOS or Android, or visit the website.
2. Complete the sign-up process by filling out the required information.
3. Deposit at least $10 into your new BetMGM Sportsbook account.
4. Place your first wager on any game.
5. Should your bet lose, wait for the settlement of your initial wager to receive your Bonus Bets, up to $1,500.

Terms & Conditions

The BetMGM First Bet Offer is governed by specific terms and conditions that ensure fair and responsible gaming.

Key Terms and Conditions:

• Eligibility is restricted to new BetMGM Sportsbook users who are at least 21 years old and located within the state of Colorado.
• Participants must deposit and wager a minimum of $10 to qualify.
• The promotional period is from 3/15/2024 at 12:00 PM EST through 12/31/2024 at 11:59 PM EST.
• Bonus Bets received from the offer cannot be withdrawn as cash or cashed-out.
• Bonus Bets must be used within seven days of being credited to the participant’s account or they will be forfeited.
• Only the first $1,500 of a losing first bet will be matched in Bonus Bets.
• Bonus Bets are credited approximately 24 hours after the settlement of the qualifying bet.

The BetMGM First Bet Offer Up to $1,500 represents an opportunity for new users to familiarize themselves with sports betting without the initial risk of loss, albeit with wagering requirements that all bettors need to be aware of. While the offer provides a valuable safety net, it's crucial for potential users to understand the limitations and conditions attached, such as the non-withdrawable nature of Bonus Bets and eligibility criteria. This promotion is aimed at enhancing the betting experience for newcomers by mitigating the disappointment of an initial loss, promoting a more engaging and prolonged exploration of BetMGM’s betting platform.

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See BetMGM.com for Terms. US promotional offers not available in DC, Mississippi, New York, Nevada, Ontario, or Puerto Rico.