You can create a new BetMGM account in almost any BetMGM sports betting state to activate one of two introductory offers. Most locations (with New York being one of the big exceptions) are eligible to choose between a deposit match or first bet insurance by using the corresponding BetMGM bonus code.

Here’s everything you need to know about the two welcome promos from BetMGM and how to unlock one when creating your new account.

Your first deposit of $10 or more is matched with sports bonus up to a maximum $1,600 in bonus. You won’t need a first bet to qualify but can earn the bonus from the deposit alone.

After earning the bonus, you’ll need to cash bet 10x the bonus earned within 30 days of opening your account. Once you meet the wagering requirement, you can access your cash winnings in your account.

Meanwhile, you’ve probably seen first bet insurance offers before marketed as no sweat or a first bet on the house. This allows you to place your first bet on any market or odds to either profit cash if it wins or BetMGM reimburses your miss with bonus bets.

At $1,500, this is the highest value first bet insurance among top sports betting sites. That allows you to place bigger wagers such as on the futures market and be covered if it doesn’t go your way.

One of the exciting events on Monday night is Game 7 between the Edmonton Oilers and the Vancouver Canucks. We’ve been fortunate to have multiple days in a row of Game 7 matchups as teams secure their spots in the conference finals of their respective sports.

While the NBA doesn’t start up until Tuesday night, you’ll find the Oilers vs. Canucks NHL matchup on Monday before the NHL Eastern Conference Finals start up on Wednesday. However, any sport qualifies for the BetMGM offers since there are no odds or market restrictions.

It’s important to note what happens with the deposit match once you make the first deposit. BetMGM has a couple requirements to meet if you select the 20% match.

First, let’s say you make a $500 deposit, earning $100 in sports bonus. You’ll have seven days to use the sports bonus to potentially earn cash; however, you can’t withdraw that cash until you meet the next requirement.

You’ll need to cash bet a total of 10x the bonus earned so in the example above you would need to wager a total $1,000 within 30 days. Once you hit that number, the cash balance in your account is available for withdrawal.

Let’s say I wanted to place a future on the winner of the 2024 Stanley Cup. Many books require your bet to settle within 30 days and this could fall within that requirement depending on how the conference finals series play out.

Imagine I placed $1,000 on the New York Rangers +300 to win the Stanley Cup. Here’s how the first bet insurance works:

The BetMGM bonus bets are funds that are valid for seven days to use within the BetMGM mobile app.

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