BetMGM is offering a 20% deposit match for new users in most states, with up to $1,500 in bonus bets up for grabs. You can start with tonight’s Penn State vs. Boise State game, or any other sporting event this week.

So what’s a deposit match? It means whatever you put in, you’ll get matched in bonus bets at a 20% rate, if you use BetMGM bonus code SHNEWS1500. The max bonus bets is $1,500 which means the max deposit $7,500.

There’s also a first bet offer available through BetMGM bonus code HANDLETOP. If your first bet loses, you’ll be refunded in bonus bets equal to what you lost, up to $1,500 in bonus bets.

This offer is one of the more involved bonus types, but it’s potentially the highest value, if you’re willing to max it out.

With this offer, you get 20% extra in bonus bets on top of whatever you deposit (on your first deposit only), but you must wager 10x your bonus amount within your first 30 days on the platform.

Say you deposit $1,000 and get $200 in bonus bets. They’ll be split into five, $40 increments, and you have 30 days to wager $2,000 total ($200 x 10). This is called a “play-through” requirement or “rollover”. If you don’t hit this mark in 30 days, you forfeit your bonus bet winnings (since you would have had to bet them already). You won’t be able to withdraw your original deposit until you hit the rollover.

After my $1,000 deposit, if I bet $100 on Penn State -12.5, I’m 5% toward the requirement — $100 of the needed $2,000. I can continue wagering, win or lose, until I get to $2,000.

Meanwhile, I can use my five, $40 bonus bets on whatever I’d like. Those must be bet within seven days.

This promo requires new users to make a first bet up to $1,500. If it wins, it settles like a normal bet. If it loses, you’ll be refunded in bonus bets equal to what you lost.

Let’s say you deposit $200 and put it all on Boise State to beat Penn State at +400.

If you do lose that first bet, you’ll have seven days to wager your bonus bets. Say you take $40 and bet it on Arizona State moneyline against Texas on Wednesday.

21+. Gambling problem? Call 1-800-GAMBLER. AZ, CO, DC, IA, IN, KS, KY, MA, MD, MI, NC, NJ, PA, TN, WV, WY. Call 877-8-HOPENY or text HOPENY (467369) (NY). Call 1-800-327-5050 (MA). 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA). Participant must complete the Wagering Requirements and satisfy the (10x) playthrough requirement. Deposit Match unavailable in IL, LA, OH and VA. US Promotional Offers Not Available in MS, NY, ON, or PR. Visit BetMGM.com for Terms & Conditions.