Home » BetMGM bonus codes: Choose between 20% match or $1.5K insurance all week

BetMGM bonus codes: Choose between 20% match or $1.5K insurance all week

If you’re looking to sign-up with a top sports betting site, BetMGM offers two welcome promos in all locations besides New York. You can use the corresponding BetMGM bonus code on the deposit page after setting up a new account and opt-in to one of the following:

BetMGM bonus code NYPNEWS1600 — 20% deposit match up to $1,600 bonus

A minimum $10 deposit starts earning the sports bonus. You won’t need an initial wager to qualify but will need to meet a 10x wagering requirement within 30 days.

BetMGM bonus code NYPNEWS — Get up to $1,500 in bonus bets if your first bet doesn’t win

The first bet insurance depends on the outcome of your first bet. A win profits cash winnings while a miss is covered by bonus bets.

What Tuesday events can I bet with BetMGM?

Here are just a few of the matchups you can use to activate the first bet insurance or use bonus bets or deposited cash from the deposit match promo:


Philadelphia 76ers vs. New York Knicks

Orlando Magic vs. Cleveland Cavaliers

Indiana Pacers vs. Milwaukee Bucks


Toronto Maple Leafs vs. Boston Bruins

New York Islanders vs. Carolina Hurricanes

Colorado Avalanche vs. Winnipeg Jets

Nashville Predators vs. Vancouver Canucks

Many of the Tuesday matchups are important, as various teams have a chance to close out the first round series and move on to the divisional rounds in their respective sports.

However, any sport is eligible for the BetMGM welcome promos.

Details of the BetMGM bonus code


You’ll need a $10+ deposit to earn sports bonus with no first bet necessary. However, you need to meet some requirements within the first 30 days of creating an account.

First, the sports bonus is valid for seven days and can be used to fund wagers within the BetMGM mobile app.

Next, you’ll have to bet 10x the bonus earned in total cash bets within 30 days. Once you hit the betting requirement, you can access and withdraw cash winnings in your account.


If you select this bonus code, your first bet is covered up to $1,500. This means you either profit cash from a win or your losing stake is recouped with bonus bets.

For example, I could place $500 on the Orlando Magic +155 to steal Game 5 on the road against the Cleveland Cavaliers. Here’s how the promo works:

  • If I win, I profit $775 plus my returned $500 stake but no bonus bets are earned
  • Meanwhile, if I miss, BetMGM deposits bonus bet payments that cover my $500

I’ll have seven days to use the bonus bets on wagers within the BetMGM platform. I can profit cash from a winning bonus bet wager but the bonus bets disappear after one use.

Register with BetMGM

  1. Opt-in to either the 20% deposit match or the $1.5K first bet insurance.
  2. Use the register button to set up a new account.
  3. On the following deposit page, make at least a $10 deposit for either offer.
  4. Enter in the appropriate bonus code on the deposit page — NYPNEWS1600 for the deposit match or NYPNEWS for the first bet on the house.
  5. The first bet insurance requires a cash bet of any size to qualify.

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