You can now utilize the BetMGM bonus code to activate either a 20% deposit match or $1,500 first bet insurance on any game this week. Each BetMGM promo features a unique bonus code and you’ll have the chance to select one of them in almost all BetMGM legal sports betting states, other than New York.

Here are the two BetMGM bonus code offers:

BetMGM bonus code SHNEWS1600 — 20% deposit match, up to $1,600 in sports bonus

BetMGM bonus code HANDLETOP — Get up to $1,500 back in bonus bets, if your first bet doesn’t win

The BetMGM bonus code SHNEWS1600 unlocks a deposit match on your first deposit on the platform. You’ll need to deposit at least a $10 to earn the match, paid out in sports bonus funds. Bonus funds then have a 10x betting requirement in the first 30 days of your new account to withdraw any cash winnings.

Let’s say you make a $500 deposit, earning $100 in sports bonus. The requirement is 10x your bonus, or $1,000 in total bets using this example. Once you hit the requirement, which can be spread across multiple bets, you can access any cash winnings in your account. You’ll need to use the sports bonus funds within seven days as well.

The BetMGM bonus code HANDLETOP gets you $1,500 first bet insurance, the largest insurance offer you’ll find among sports betting apps. This is essentially a second chance offer, in case your first bet doesn’t win.

If your first bet wins, you profit cash and keep your stake just like any other bet. You can then use the cash on other wagers or withdraw using any BetMGM-approved banking method.

Conversely, let’s say you set up a +336 parlay for the New York Yankees to upset the Phillies on Monday night with over nine total runs scored, and it misses. You receive BetMGM bonus bets to reimburse your stake, up to a maximum $1,500 in bonus bets.

BetMGM pays out the bonus bets depending on the size of your first bet:

Each bonus bet will need to be used in its entirety since it is treated as a single bonus bet credit.

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