You can now qualify for one of two introductory promos from BetMGM, one of the largest sports betting sites in the country. Each welcome offer is activated by creating a new account, using the corresponding bonus code below and at least a $10 deposit.

Here are the two BetMGM bonus code promos available in almost 20 sports betting states. Note that New York is one of the locations that is excluded from either offer.

One of my favorite betting options begins on Saturday with the Stanley Cup Finals between the Edmonton Oilers and the Florida Panthers.

The Panthers return to the finals for the second straight year where they hope to finally win the Stanley Cup. On the other side, the Oilers have been a talented squad for years but never quite able to find that playoff success until this year.

Whether it’s the Stanley Cup or any other sport, your first bet if you select the first bet insurance can be on any market or odds you prefer.

The deposit match begins earning the sports bonus at a $10 deposit and can earn the maximum $1,600 sports bonus through an $8,000 deposit. This is a unique promo since you begin earning the bonus without actually placing a first bet.

However, you’ll need to meet some requirements once you earn the bonus. Let’s say you made a $500 deposit and earn $100 in bonus.

First, the bonus is funds are valid within the BetMGM mobile app for seven days. The bonus can fund wagers within the platform to potentially profit cash if your bet hits.

Additionally, BetMGM requires you to cash bet 10x the sports bonus earned within 30 days. In the example above, you would need to bet $1,000 in total cash bets in the time frame to access cash winnings in your account.

Alternatively, this bonus code activates a first bet insurance up to a maximum $1,500 in bonus bets. This allows you to place a first bet and either profit cash or BetMGM reimburses your loss with the bonus bets.

Here’s how the first bet insurance works.

I place $200 on the Edmonton Oilers +114 on Saturday night to win Game 1 of the Stanley Cup Finals. The promo will play out in two potential ways based off how the bet settles:

These bonus funds work similarly to the other offer and are valid for seven days to use on any wagers I like within the BetMGM platform.

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