Whether it is the BetMGM $5 for $200 offer or a BetMGM $50 bonus, when it comes to new player offers, BetMGM is one of the leading operators on the market.

In this exclusive guide, we will not only tell you all about the very latest new customer promotions at BetMGM, but we will also give you some expert tips for making the most out of the offer. Simply put, if you want to give your BetMGM adventure a flying start, you will not want to miss this.

What is the BetMGM $5 for $200 promotion?

If you’ve ever encountered the BetMGM bet $10 get $200 promo, you’ll know exactly what to expect from this offer. You sign up at BetMGM, place a $5 sports bet, and, in return, you can get $200 in bonus bets. Sounds great? So the big question is - can you currently claim the BetMGM $5 for $200 promo?

The current BetMGM new player offer

Unfortunately, the answer to that question is currently no.

But don’t despair, new players at BetMGM can still benefit from a fantastic bonus in the form of a $1,500 first bet offer. If you sign up at the site today and your first bet loses, BetMGM will give you bonus bets equal to the sum of your initial bet.

How to get your BetMGM new player bonus

No doubt you are intrigued by this BetMGM new player offer, but it is important that you follow the correct process to claim and use the offer. With that in mind, here is our step by step guide to the promotion:

Terms and conditions for the BetMGM new player offer

If you’ve read our other online sportsbook reviews , you’ll know that all promotions come with terms and conditions. Here are the key ones for the BetMGM new player offer:

• If your initial losing bet is less than $50, you will receive the full amount in one bonus bet.
• If your losing bet is over $50, you will receive the free bets in five instalments, each totalling 20% of your losing bet.
• You cannot use your initial bet or bonus bets in conjunction with a BetMGM reload promo.
• If you partially cash out your initial bet, you will be disqualified from the offer.
• The offer is only available in specific states - please check the terms and conditions in your area before signing up.

Pros and cons of the BetMGM new player offer

• No minimum odds requirements
• Can be used on all sports
• Up to $1,500 in bonus bets

• Offer not available in all states
• Cannot be used in conjunction with other offers

Our Top tips for using your BetMGM new player offer

Now that you know how to claim the BetMGM new customer promotion, let’s give you some expert tips for using your bonus bets:

Bet on your favorite sports at BetMGM

BetMGM mobile sports betting

Bet $5 get $200 BetMGM: Final thoughts

As you can see, the current BetMGM welcome offer gives you excellent value and, in many ways, is superior to the bet $5 get $200 offer. Of course, the $1,500 bonus bet promo is only a good one if you make the most out of it. That is why it is imperative that you follow our expert tips for using the offer.

BetMGM $5 for $200 promotion FAQs