BetMGM NJ: Up To $1500 In Bonus Bets

6 min read
BetMGM NJ: Up To $1500 In Bonus Bets
BetMGM Sportsbook
12/31/2024
expire
Medium
to obtain
1x
wagering req.
7 days
wagering period

About the Bonus

The BetMGM First Bet Offer presents a unique opportunity for new bettors in New Jersey to engage with sports wagering with a safety net. When you sign up, make a qualifying deposit, and place your first bet on any game, if that bet doesn't result in a win, BetMGM offers to return your stake in the form of Bonus Bets, up to a maximum of $1,500. This offer is designed to reduce the sting of a first-time loss, allowing participants to further explore the vast sports betting landscape offered by BetMGM without the immediate financial downside. To participate, users must download the BetMGM Sportsbook app or visit their website, sign up, deposit at least $10, and then place their initial wager. If the bet is lost, the bonus bets are made available after the initial wager settles, allowing for further betting opportunities without an additional investment.

Pros & Cons

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  • Bonus Bets cannot be withdrawn as cash, limiting the direct financial benefit.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.

How to Claim

Claiming the BetMGM First Bet Offer involves a straightforward process designed to welcome new NJ 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.
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$10
min deposit
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max withdrawal
1-5 days
withdrawal speed
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BetMGM Bet $5 Get $150 in Bonus Bets

Terms & Conditions

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 New Jersey.
  • 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.

Final Thoughts

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. 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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