BetMGM Sportsbook has a welcome offer for new users. By Tyler Maher , Henry Palattella Editor , Editor Updated: Feb 11, 2024, 4:20pm

The BetMGM Sportsbook promo code FORBES158 allows you to earn $158 in bonus bets with your first $5 wager at the sportsbook, including a first wager on Super Bowl 58.

To qualify, enter the code during registration, deposit $10 and then wager $5 on any betting market at BetMGM, including Super Bowl 58. You’ll receive $158 in bonus bets regardless of whether your wager wins or loses, plus any cash winnings if your initial wager hits.

The bonus comes in the form of two $50 bonus bets and one $58 bonus bet. Bonus bets are valid for seven days and can be used on any bet at BetMGM. They can’t be transferred or withdrawn early.

This offer is only available to new BetMGM Sportsbook users of legal gambling age in a state where BetMGM operates.

BetMGM is running a special contest called the Big Game Prop Challenge where fans can play for a chance to win a $58,000 grand prize if they guess the most prop bets correctly. No entry fee required.

BetMGM also has a profit boost pack for the Big Game. Existing customers can opt-in to receive three 58% profit boosts: one on a straight bet, one on a same-game parlay and one on a live bet.

Super Bowl 58 Odds and Preview: Kansas City Chiefs vs. San Francisco 49ers

For the second time in five years, the Kansas City Chiefs and San Francisco 49ers will clash in the Super Bowl. The Chiefs won their previous meeting in 2020, erasing a 10-point deficit in the fourth quarter to win Super Bowl 54 31-20.

For the Chiefs, quarterback Patrick Mahomes and head coach Andy Reid return from that year’s victory, while head coach Kyle Shanahan remains for the 49ers. The Chiefs won Super Bowl 57 last year, and this year’s appearance marks their fourth Super Bowl appearance in five years.

Kansas City has won six straight playoff games (dating back to last year), and is also in the midst of a five-game winning streak between this year’s regular season and postseason. The Chiefs’ offense has been inconsistent due to a lack of quality skill position players, but Reid, Mahomes and their elite defense (second-fewest points and yards allowed in the regular season) give them a chance.

The 49ers are the more talented team on paper but have struggled in the playoffs so far, needing late comebacks to win both of their matchups against inferior teams at home. Young quarterback Brock Purdy – the last pick of the 2022 NFL Draft – will try to outduel a two-time Super Bowl MVP in Mahomes and lead San Francisco to its first title since 1995.

BetMGM Sportsbook lists the 49ers as slight favorites on the moneyline (-130) and spread (-2), making Kansas City an underdog for the third straight playoff game. The Super Bowl Over/Under is set at 47 total points.

BetMGM also offers a variety of other betting markets on the Big Game, including prop bets, same-game parlays and more.

How to Sign Up at BetMGM Sportsbook With Promo Code

• Click on any of the BetMGM Sportsbook links or banners above.
• Sign up for an account with the promo code FORBES158 and enter your personal info.
• Deposit at least $10 and place a $5 wager.
• Receive $158 in bonus bets added to your account, win or lose.

Photo by Ethan Miller/Getty Images

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As of June 2024, sports bettors in several states can use the BetMGM bonus code to redeem a first bet offer now valued at up to $1,500.

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