Does BetMGM Give You $200? Here’s the Simple Truth

No, BetMGM does not currently give you $200 just for signing up. The popular “Bet $5 Get $200” promotion that many people remember ended in 2025. Instead, BetMGM now offers a different welcome bonus that gives new users $150 in bonus bets after placing a $10 wager.

What Was the Old $200 BetMGM Promotion?

The old BetMGM $200 deal was very simple and worked perfectly for new bettors. You only needed to place your first bet of $5 on any sports game, and you would receive $200 in bonus bets whether your bet won or lost. Most people received those $200 as four separate $50 bonus bets that they could use within 7 days. For example, if you bet $5 on the New York Yankees to win and lost that bet, you still got the full $200 in bonus credits added to your account. This promotion was available in states like New Jersey, Pennsylvania, Michigan, and Virginia for anyone 21 years or older who created a new account.

What Sign-Up Bonus Does BetMGM Offer Right Now?

BetMGM replaced the $200 offer with a slightly smaller but still great $150 bonus bet promotion. To get it, you simply deposit at least $10 and place a qualifying bet of $10 or more on any sports event. After your bet settles, BetMGM credits your account with $150 in bonus bets, which typically come as six $25 bonus bets. You must use all bonus bets within 7 days or they expire, just like the old promo. For instance, if you bet $10 on the Kansas City Chiefs -3 against the Denver Broncos and they win, you keep your winnings plus the $150 in bonus bets that you can use on future games.

Is There a Bigger BetMGM Bonus Available for New Users?

Yes, there is an even larger offer called the “First Bet Reset” that can give you up to $1,500 in bonus bets. This promotion works differently because BetMGM only gives you the bonus if your first bet loses. If you place a $500 first bet and lose, BetMGM refunds you $500 in bonus bets. If you bet $1,500 and lose, you get the full $1,500 back in bonus credits. The catch is that if your first bet wins, you keep your winnings but do not receive any bonus bets. Many experienced bettors prefer this option when they feel confident about their first pick because the potential reward is much higher than the $150 offer.

Can You Get $200 Free on BetMGM Casino Instead of Sportsbook?

BetMGM Casino does not currently offer a $200 no-deposit bonus, but you can get $200 in bonus funds through their deposit match promotion. When you sign up for BetMGM Casino, you get a 100% deposit match bonus up to $1,000, which means if you deposit $200, you receive an extra $200 in bonus money. In addition to this match bonus, new casino players also receive a $25 bonus just for making their first deposit of $10 or more. This means depositing $200 gives you $400 total to play with: your $200 real cash, $200 bonus match, and $25 free casino bonus. The $25 bonus has no playthrough requirements, but the deposit match bonus must be wagered 15 times before you can withdraw any winnings.

Which BetMGM Bonus Is Best For You Right Now?

Your best choice depends on what you want to do and how much you want to risk. If you want the safest option with guaranteed bonus money, the $150 bonus bet offer is perfect because you get it no matter if your first bet wins or loses. If you are confident about picking a winner and want a bigger reward, the $1,500 First Bet Reset gives you much more potential value if your first bet loses. If you prefer playing casino games like slots or blackjack instead of sports betting, the deposit match bonus is your best choice since it gives you $200 extra when you deposit $200. All BetMGM bonuses require you to be 21 years or older and located in a state where BetMGM operates legally, which includes Virginia, New Jersey, Pennsylvania, Michigan, and 15 other states. Always check the current promotions page on the BetMGM app or website before signing up since bonuses change frequently and vary by your location.

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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