Home » BetMGM Bonus Code SHNEWS1600: 20% Deposit Match This Week; $1.5K Insurance Also Available

BetMGM Bonus Code SHNEWS1600: 20% Deposit Match This Week; $1.5K Insurance Also Available

Readers in over 20 legal sports betting states now have the choice between two introductory promos with BetMGM. BetMGM is one of the leading sports betting sites across the country and offers exceptional curated parlays and specials across most sports.

Here are the two welcome promos available across all BetMGM locations, besides New York which is excluded from both offers.


20% Deposit match up to $1,600 sports bonus – SHNEWS1600

Your first deposit of $10 or more is matched by BetMGM up to a maximum $1,600 in sports bonus. In fact, this promo doesn’t require a first wager to start earning the bonus.

Once you earn the sports bonus from BetMGM, there’s a rollover requirement to access cash winnings in your account. You’ll need to cash bet 10x your bonus amount in the first 30 days to withdraw or access any cash balance from your account.

For example, a $100 deposit earns $20 in sports bonus and requires $200 in total cash bets within 30 days. The bettors with a high bankroll depositing $8,000 for the maximum $1,600 sports bonus will need to wager $16,000 within 30 days.

This promotion is great because it features a wide range of bonus available for bettors of any deposit size. Click below to access the exclusive deposit match from BetMGM.

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 $1,500 First bet insurance – HANDLETOP

The $1.5K offer is essentially a first bet insurance that is typical among sportsbooks. These types of offers can play out in two particular ways:

Win — You profit cash and keep your stake while no bonus is earned in this scenario

Miss — The house reimburses your first bet miss with bonus bets to use within the platform

Let’s say I placed a $500 wager on the Oklahoma City Thunder +147 vs. the Dallas Mavericks in Game 6 on Saturday night.

  • If I win, I profit $735 and keep my $500 stake
  • A loss means BetMGM sends bonus bet payments totalling $500 to reimburse my stake

Whether it’s the sports bonus or the bonus bets from the first bet insurance, you’ll have seven days to use these funds within the BetMGM mobile app. A wager funded by bonus bets can profit cash while the bonus bets will always return to the house since they can only be used once.

BetMGM promo requirements

  • 21+ to wager
  • New customers only
  • Located in a BetMGM sports betting state
  • Access to a BetMGM-approved payment method

Can I bet any sports to qualify for the offers?

Yes, BetMGM doesn’t restrict your first bet to a specific market or odds. It’s entirely up to you on how to wager and luckily, the deposit match doesn’t require a first bet to start earning the sports bonus.

I’m excited for the Oklahoma City Thunder vs. Dallas Mavericks in Game 6. While the Thunder roared through the first series, the Mavs have stunned the Thunder and have the chance to close out the series to advance to the Western Conference Finals.

BetMGM sign-up process

  1. Decide between the 20% Deposit match or the $1.5K First bet insurance.
  2. Use the register button to set up a new account.
  3. Next, both offers require at least a $10 deposit. Follow this up with the corresponding bonus code of each offer: SHNEWS1600 for the deposit match and HANDLETOP for the first bet insurance.
  4. The first bet insurance requires a cash bet of any size on any market or odds.

21+. New customers only. Gambling problem? Call 1-800-GAMBLER CO, DC, IL, IN, KS, KY, LA, MD, MS, NJ, NV, OH, PA, TN, VA, WV, WY. Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA). Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI), 1-800-981-0023 (PR). Visit BetMGM.com for Terms & Conditions. US promotional offers not available in DC, Mississippi, New York or Ontario.