The betting landscape has progressed in recent years, especially since the United States Supreme Court deemed that the Professional and Amateur Sports Act of 1992 is unconstitutional. As such, online and mobile sportsbooks quickly materialized in the US.
While it’s inevitable that each state will embrace online, mobile, and retail sports betting in some fashion, not every state currently offers access to sports betting. Because of this, it’s essential to understand the logistics, including which states allow sports betting and which sportsbook is valid in each particular state.
BetMGM Sportsbook App Review
Should you live in a state that supports sports betting, it’s crucial to decipher the various promotions that online and mobile sportsbooks offer new customers before choosing a sportsbook.
As one of the most prominent sportsbooks, BetMGM offers its customers their online and mobile sportsbooks in 16 states, in addition to retail sports betting in seven states, including Maryland, Mississippi, and South Dakota, which aren’t accessible at other high-profile sportsbooks.
Trending: BetMGM Reload Bonus?
As we showcase the rise of BetMGM and delve into its $1,000 risk-free promotion for new customers, we’ll also discuss other noteworthy sportsbooks and their promotional offers.
A Brief Account of BetMGM
The MGM brand dates back to the 1960s while cultivating some of the world’s largest hotels and casinos. After acquiring Mirage Resorts for $6.4 billion on May 31, 2000, and the Mandalay Resort Group for $7.9 billion on April 25, 2005, the company rebranded to become MGM Resorts International in 2010.
Shortly after the U.S. Supreme Court overturned the Professional and Amateur Sports Protection Act of 1992, MGM Resorts International and Entain Holdings, one of the largest sports betting and gaming groups in the world, signed a joint venture agreement that launched the onset of BetMGM on July 30, 2018.
On August 1, 2018, the first bet through BetMGM occurred at the Beau Rivage Resort & Casino and Gold Strike Casino Resort, both of which are MGM Resorts. Then on September 6, 2019, the first bet through BetMGM Sportsbook ensued in New Jersey.
Since, BetMGM has dispersed and is currently available for mobile sports betting in Arizona, Colorado, Indiana, Iowa, Louisiana, Michigan, Mississippi, Nevada, New Jersey, Pennsylvania, Tennessee, Virginia, Washington, D.C., West Virginia, and Wyoming.
BetMGM is also available for retail sports betting in Arizona, Maryland, Michigan, Mississippi, Nevada, New Jersey, and South Dakota.
The BetMGM mobile app is also available in Florida and Ohio, though it currently only supports horse racing. La Concha Resort in Puerto Rico also has plans to offer retail sports betting in the near future.
Understanding the BetMGM $1,000 Risk-Free Bet
BetMGM’s $1,000 risk-free bet is one of the most enticing welcome bonuses for new customers. New users who sign up for BetMGM receive a risk-free first bet up to $1,000 in free bets. Essentially, BetMGM will refund your wager up to $1,000 if you lose your bet.
Further Reading: BetMGM Bonus Code Requirements
However, it’s crucial to understand the terms and conditions of BetMGM before signing up and taking advantage of the promotion. You can visit the site here for the complete BetMGM terms and conditions, though we’ll discuss the terms and conditions in layman’s terms.
Before registering for BetMGM, you need to meet two basic requirements. The first condition requires users to be at least 21 years old, and the second requires bettors to be physically located in participating states.
As previously mentioned, BetMGM is available in Arizona, Colorado, Indiana, Iowa, Louisiana, Michigan, Mississippi, Nevada, New Jersey, Pennsylvania, Tennessee, Virginia, Washington, D.C., West Virginia, and Wyoming, while horse racing is available in Florida and Ohio. BetMGM also has physical locations in Arizona, Maryland, Michigan, Mississippi, Nevada, New Jersey, and South Dakota,
Although these are the states currently participating with BetMGM, the good news is that you don’t have to be a resident of the state, as long as you’re physically in the state while placing your wager.
Should you meet the age and location requirement, the following step is to complete the BetMGM registration process. To create a BetMGM account, new users must fill out the online registration form with their full name, mailing address, email address, date of birth, social security number. You will also be prompted to provide an account name and password, including two security questions.
* You can also register for BetMGM through PayPal or Yahoo! Sports.
BetMGM also requires new users to upload documentation to verify their address, such as a driver’s license or state ID. After all documents are submitted, BetMGM will verify each account within 24-48 hours. After being verified, users are then eligible to fund their BetMGM accounts.
BetMGM Sportsbook App $1,000 Risk-Free Promotion
Now that you’ve registered for a BetMGM account and your account has been verified, it’s now time to benefit from BetMGM’s $1,000 risk-free bet. As we said before, BetMGM’s $1,000 risk-free bet is one of the most promising welcome bonuses for new customers.
To earn the $1,000 risk-free bet through BetMGM, all you need is a BetMGM account, deposit a minimum of $10 into your account, and place a wager through the BetMGM platform. The amount you wager will impact how the risk-free bet will apply. Your first bet placed through BetMGM will be considered your risk-free bet.
After placing your qualifying bet on BetMGM, you’re immediately eligible to receive up to $1,000 in risk-free bets if your bet loses.
If you deposit $1,000 on BetMGM and place a $1,000 wager that loses, you’ll receive $1,000 back in free bets. However, BetMGM delivers the free bets in denominations of 20%, meaning, if you placed a $1,000 bet and the wager loses, you’re awarded five $200 bets.
In a similar fashion, if you place a $500 wager and lose, BetMGM will provide you with five $100 risk-free bets. This trend will continue as long as the initial wager is more than $50.
If you place a $49 wager or less, instead of receiving multiple risk-free bets in 20% denominations, you’ll receive the exact amount that you initially bet to be used for a future wager.
The Promotional Period, Qualification, and Restrictions
The $1,000 risk-free promotional offer is available to qualifying customers located in an eligible state and who place their wager before 12/31/2021. If you claim the $1,000 risk-free promotion, you are no longer eligible for any additional new customer promotions in the future.
If you are an employee of BetMGM or a family member of a BetMGM employee, you are not eligible for the promotion. BetMGM also expresses three scenarios that make bettors ineligible for the promotion:
- If you cash out your bet through “Cash Out” or Auto Cash Out.”
- If you edit your wager through “Edit My Bet.”
- If you opt to have your first bet canceled.
If your initial wager becomes void, such as a canceled event, it will not count towards the promotion. As such, your free bet will be returned to your account within 24 hours.
BetMGM limits risk-free bets to one person, household, and/or computer. BetMGM also only permits risk-free bets to be redeemed online or through the BetMGM app and restricts users from using risk-free bets via Poker, Casino, Live Casino, Games, and Slots. Also to note, users cannot redeem their risk-free bets for cash, and the value of risk-free bets will not be included in any winnings.
BetMGM will provide bettors with their risk-free bets within 24 hours after the end of the event. Users must then place a wager within seven days after the credit is applied to their account to utilize the $1,000 risk-free promotion.
BetMGM Vs. Draft Kings, Fan Duel (Promotional Offers)
Although we recommend BetMGM to our readers, alternative sportsbooks present new customers with comparable promotions. The first two are DraftKings and FanDuel, both of which began as Daily Fantasy Sports platforms, and the third competitor we’ll mention is Caesars Sportsbook.
Some of these sportsbooks offer similar promotions to BetMGM; however, it’s imperative to review the terms and conditions of each sportsbook to grasp what conditions must be met in order to receive the full extent of the promotion.
BetMGM vs DraftKings Sportsbook
Founded in 2012 as a Daily Fantasy Sports platform, DraftKings quickly became a household name in the Daily Fantasy Sports domain. After the U.S. Supreme Court overturned the Professional and Amateur Sports Protection Act in 2018, DraftKings shifted its attention to the sports betting market. New Jersey was the first state to utilize the DraftKings Sportsbook, with the first wager taking place in August 2018.
DraftKings is currently available in Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, New Hampshire, New Jersey, New York, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming. Though some of these states, like New York, currently only have retail sports betting, as mobile and online sports betting is not yet live.
Like BetMGM, DraftKings also offers a $1,000 risk-free bet. DraftKings also throws in an additional $50 free bet for new customers. To utilize the DraftKings promotional offer, all you need to do is sign up for a DraftKings account and make your first $5 deposit. The $50 risk-free bet also isn’t redeemable for cash and must be used within 30 days. While this appears like a more advantageous promotion than BetMGM, there’s a catch.
While a $1,000 deposit and wager through BetMGM will offer customers the entire $1,000 risk-free bet, DraftKings only provides customers 20% of the initial wager towards the risk-free bet, meaning the only way to receive the $1,000 risk-free bet through DraftKings is to deposit and wager $5,000. If you deposit and wager the same $1,000 through DraftKings as you do BetMGM, you are only eligible for a $200 risk-free bet.
On top of that, DraftKings only provides $1 in risk-free bonus funds to customers for every $25 bet through DraftKings Daily Fantasy Sports, Sportsbook, and Casino. As such, customers will actually have to bet $25,000 within 90 days to earn the $1,000 bonus. DraftKing’s $1,000 risk-free promotion expires on February 27, 2022.
BetMGM vs FanDuel Sportsbook
Launched on July 21, 2009, FanDuel was one of the earliest Daily Fantasy Sports companies. Like DraftKings, FanDuel adjusted to the overturning of PASPA to capitalize on the betting landscape. On July 11, 2018, FanDuel merged with Paddy Power Betfair to provide online, mobile, and retail sports betting.
To wager with FanDuel, customers must be present in New Jersey, Pennsylvania, Illinois, Indiana, Colorado, West Virginia, Tennessee, Michigan, Arizona, Connecticut, or Iowa.
Like BetMGM and DraftKings, FanDuel also offers a $1,000 risk-free bet. FanDuel’s risk-free bet is straightforward; if you deposit and place a $1,000 bet and you lose your wager, you’ll receive a $1,000 risk-free bet within 72 hours.
If you make multiple selections on your initial bet slip, FanDuel will honor the first bet on the bet slip as part of the promotion. FanDuel also offers the same $1,000 risk-free bet for their online casino. FanDuel’s $1,000 risk-free promotion expires at 11:59 PM ET on 12/31/2021.
BetMGM vs Caesars Sportsbook
On April 22, 2021, Caesars Entertainment Inc. purchased William Hill for $4 billion, one of the largest sportsbooks in the US. Caesars Entertainment Inc. launched the Caesars Sportsbook on August 2, 2021.
Caesars Sportsbook offers users one of the most renowned mobile sports betting experiences with a straightforward app featuring a loyalty program called Caesars Rewards. Caesars Rewards provides customers with credits for Caesars Casino and Sportsbook, plus amenities for rooms, dining, shopping at Caesars resorts.
Caesars Sportsbook is eligible to residents of Arizona, Colorado, Iowa, Indiana, Louisiana, Michigan, New Jersey, Tennessee, Virginia, and West Virginia.
Upping the ante by a dollar, Caesars Sportsbook offers a $1,001 risk-free bet. Plus, if you bet $100 on the NBA by January 19, 2022, you’ll receive a free authentic NBA jersey of your choice.
The promotion is eligible to new customers who are 21 or older, physically present in one of the eligible states when placing the wager, and enter the MHSXLRF promo code during registration.
New customers’ initial bet must be completed within 30 days of opening their account on a qualifying wager to access the promotion. Caesars illustrates that a qualifying wager must have -200 odds or lower through the Caesars mobile app or website for the promotion to be applied.
Your risk-free bet will be added to your Caesars Sportsbook account within two business days if you lose your initial wager. Following the course, if a customer places more than one bet on their initial bet slip, Caesars will regard the first bet on the bet slip as the risk-free bet.
While new customers have 30 days to make their first wager to qualify for the promotion, if the bet loses, users will also have 30 days to make their risk-free bet after being granted the promotion. Caesars Sportsbook is offering the $1,001 risk-free promotion until Monday, January 31, 2022.
BetMGM Outperforms the Competition
After assessing the rich narrative of the MGM brand and how prevalent BetMGM stands in the online, mobile, and retail sports betting industry, it’s easy to witness the appeal of BetMGM.
To sweeten the deal, BetMGM’s $1,000 risk-free promotional offer is one of the most promising offers for new customers in the industry. If that weren’t enough, customers could place wagers through BetMGM across online, mobile, and retail sportsbooks in more states than any other sportsbook.
Should you be interested in playing casino games, BetMGM offers a $1,000 risk-free promotion in addition to $25 on the house, though please note, other terms & conditions apply.
All things considered, it would be surprising not to place your wagers at BetMGM.
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