BetMGM Review Updated For 2023

Date:2023-03-03 Category: Review
BetMGM review 2023

Sports lovers and sports betting fans likely heard of BetMGM sportsbook. Although the site is famous because of its sports risk-free bets, casino games and poker room are equally good. First of all, let me assure you that BetMGM is a legit platform otherwise I would not recommend it or waste my time writing a review! So, stay with me until the end of this post to find out every detail about this gambling site.

 

BetMGM Review Summary

  • BetMGM General Info
  • BetMGM Key features 
  • Pros and Cons of playing at BetMGM 
  • BetMGM bonuses, promotions, and odds
  • Banking methods and limits at BetMGM 
  • BetMGM customer support
  • List of restricted countries and states
  • BetMGM Casino review and game selection 
  • Types of available sports and bets at BetMGM 
  • BetMGM mobile App
  • Live betting and live dealer games at BetMGM 
  • BetMGM user experience
  • Is betting at BetMGM safe in 2022?
  • BetMGM frequently asked questions
  • Wrap up on BetMGM Review 

BetMGM General Info 

Website promo.betmgm.com
License RG,DGE
Operating since 2018
Game Software Playtech, and others
Location  New Jersey
Customer support Live chat, email, FAQ section 
Banking methods MasterCard, Visa, Bank Transfer, PayPal, echeck, and more
Customer support Available Languages English 
US players yes
Number of games 250+
Device compatibility Android, ios, windows, mac
Instant Play yes
Currencies  US dollars
Fastest payout  2-7 days
Live Dealer Games yes
Available Cryptocurrencies None

 

BetMGM Key Features 

Featured Deposit Option Featured Bonus Options 
No minimum deposit Risk-Free Bet up to $1,000 

 

Pros And Cons Of Playing At BetMGM 

The site has many features that make it a good place to play and bet. However, it still has its misses that I should address otherwise my review will not be reliable.

BetMGM Pros  BetMGM Cons
It is a trusted bookmaker with low margins. Payouts can take up to 5 business days. 
The Sportsbook offers competitive odds Customer support is not available by phone.
Free bets are offered weekly. Sports bettors don’t have many promotions to claim.
Plenty of sports and betting options are available. Cryptocurrencies are not available as deposit and withdrawal options.
Sporting events are streamed live on the site and in the app.   Banking options are not diverse. 
Excellent mobile version It lacks some international sports.
The site layout is clean and very modern Live Chat will not be available if you don’t sign-up. 
The casino is not available in all US states.

 

BetMGM Bonuses And Promotions

Although their promotions are not as impressive as some other bookmakers and casinos like BetOnline, you still can make the most out of offered bonuses by BetMGM. Below is a breakdown of the programs you can take advantage of.

 

MGM Rewards Program(Membership)

Sign up at BetMGM and they will automatically add you to their MGM Rewards which is a new version of the MGM Resorts Rewards Program. This program gives you several advantages like special betting windows at BetMGM sportsbooks, custom MGM Resorts offers, hotel comps, custom free bets, and more. However, the value of perks varies based on your activity level. The more you place sports bets or play more poker and casino games, the rewards get better and bigger.

Basically, for every bet you place through the BetMGM app, you will be given two types of points at the same time:

  • BetMGM Rewards Points: Points are the virtual currency of MGM Rewards. These can be redeemed for special offers and other perks like sports, casino, and poker bonuses. You can exchange your points via the BetMGM Reward Store. Players’ points can be converted to MGM Rewards Points at a 1:1.25 ratio.
  • Tier Credits (TCs): your MGM Rewards Program level depends on your TCs.

For every wager, you will receive an equal number of BetMGM Rewards Points and TCs. But depending on the game type, bet size, and the house edge, your total number of points varies. Have a look at the following table to understand how the rate of earned Rewards Points varies based on the game you play:

Wager Type  Action Type BetMGM Rewards Points Earning Rate
Poker Cash games Up to 500 per $100 in rake
Poker Tournaments Up to 500 per $100 in tournament fees
Casino Regular Slots and Instant Win Games Up to 20 per $100 wagered
Casino Progressive Jackpot Slots Up to 10 per $100 wagered
Casino Table Games and Live Casino Slots Up to 4 for every $100 wagered
Sports Betting Straight Bet At least 20 per $100 wagered
Sports Betting Parlays At least 50 for every $100 wagered

 

You redeem points in the Rewards Store to receive other offers and perks, while TCs will move you up through five MGM Rewards Tiers:

  • Sapphire: Up to 19,999 Tier Credits (Everyone starts here)
  • Pearl: 20,000 TCs
  • Gold: 75,000 TCs
  • Platinum 200,000 TCs
  • NOIR: By invitation only

Once you achieve elite status, you will earn BetMGM Rewards points up to 40% faster.

Sign-up Bonus

Upon your registration at the sportsbook, you can use a risk-free bet up to $1,000 on your first wager. If your first bet wins, you are allowed to keep your winnings. But if your bet loses, they will return your original stake in the form of free bets.

 

One Game Parlay Offer

This promotion increases the payout from a parlay by up to 40%. You should select a winner, total, and multiple player props from a single game out of the following four:

  • Soccer one-game parlay
  • Basketball one-game parlay
  • Hockey one-game parlay
  • Baseball one-game parlay

 

Refer A Friend Bonus

If you make a friend sign up with BetMGM, both of you will receive a $50 referral bonus. You can refer up to 20 friends to sign up.

But how does the referral bonus work?

  • Invite your friend via email, social media, or text message.
  • Your friend reads the terms and conditions, accepts them, and creates an account. 
  • Your friend has only 30 days to download/install the mobile app or register through the BetMGM desktop. 
  • After registration and verification, your friend should make the first deposit into their real money account. 

 

Important terms and conditions associated with this bonus:

  1. Your friend must deposit at least $50 for you to receive the sign-up bonus.
  2. Your friend has only 30 days to meet the wagering requirements(x1) and only sports wagers of -200 odds or greater will be counted.
  3. 30 days to meet x1 wagering requirements is applied to both the $50 bonuses received by you and your friend. And only -200 odds or greater are counted.
  4. If both of you do not meet the wagering requirements within 30 days, your bonus cannot be cashed.
  5. You can use this promotion along with any other BetMGM Sports Promotion.

 

BetMGM Odds

I can confidently say that BetMGM offers strong and competitive odds compared to some other brands like DraftKings. For example, every day, they select a couple of bets and boost their odds. This way, you can win more by betting on those specific odds. The bets they offer as an odds boost vary. For instance, you can pick a game-winner, player-specific props, etc. 

If you are among those who love to get creative with their parlay bets or place mid to long-term sports bets, BetMGM’s pre-selected parlay market and futures market are perfect for you. Because the offered odds are particularly strong and competitive.

 

Banking Methods And Limits At BetMGM

Although they do not support a long list of banking options, you have access to the best and more common ones.

Best of all, the site is licensed and regulated. So, you should not worry about the safety of your banking info and receiving your winnings.

 

Deposit Options

DEPOSIT METHOD MINIMUM DEPOSIT MAXIMUM DEPOSIT PROCESSING TIME FEES
Visa $10 NA Instant None 
Master Card  $10 NA Instant None
Play+ $10 NA Instant None
VIP Preferred™ echeck $10 NA Instant None
PayNearMe $10 NA Instant None
Online Bank Transfer $10 NA Instant None
PayPal $10 NA Instant None
American Express $10 NA Instant None
Skrill $10 NA Instant None
MGM MasterCard $10 NA Instant None

 

Payout Options

BetMGM guarantees your deposit and withdrawal safety. However, the bad news is that they do not pay out as fast as some other big brands like Betonline and Fan Duel. The security and payment team usually processes your withdrawal requests within two working days, but it might take even longer- up to 5 days.

The minimum you can request for withdrawal is $10. However, if you select the checks by mail option, you have to request at least $500.

 

The good news is that they support Paypal and since they do not accept crypto, PayPal is the fastest withdrawal method and your fund will be in your account within 1 business day. Sadly, Paper Checks take up to 20 working days to be processed and I recommend not using them. Online banking and VIP Preferred transactions may take up to 3 business days.

Another point to be aware of is that withdrawal and deposit methods are country and region-based. So, make sure to check the available options in your account. You always can refer to the support team if you have any doubts(it is not that easy though!).

PAYOUT METHOD MINIMUM WITHDRAWAL MAXIMUM WITHDRAWAL FEES PROCESSING TIME
Visa €10 NA None Up to 24 hours
Master Card €10 NA None 3-5 business days
PayPal €10 NA None Up to 24 hours
Skrill €10 NA None Up to 24 hours
VIP Preferred™ echeck $10 NA None 2-3 business days
Online Banking $10 NA None 2-5 business days
Bank Transfer  €10 NA None 3-7 business days
Instant Banking €10 NA None 3-7 business days
Play+ $10 NA None 3-7 business days
Cash at the casino cage $10 NA None 3-7 business days
Check by Mail – applicable in NJ $50 NA None 7-20 Business Days

 

BetMGM Customer Support

Unfortunately, their email address and phone number vary across their websites, and mainly the phone option is not available. The contact info for each BetMGM site is different from the other MGM sites.   

In short, reaching out to their support team is not easy. First, you should visit the FAQ page and if you don’t get what you are looking for, click “More Help?”, then “Yes”. Eventually, you will be redirected to the contact info page! 

My other big complaint is their live chat option. It is not available unless you sign-up and have an account. This really sucks!

  • Service Hours: 24/7
  • Live Chat: Yes
  • Email: support.nj@betmgm.com (new jersey)
  • Twitter: @BetMGMSupport

 

List Of Restricted Countries 

Luckily, they did a good job in providing complete and enough information about the states and countries they service. If you live in the united states, you can check the Discover BetMGM page and check if they offer mobile betting and other services in your state.

To summarize, if you live in any of the following US states, you can easily sign up with them. 

  • Arizona
  • Colorado
  • DC
  • Indiana
  • Iowa
  • Louisiana
  • Michigan
  • Mississippi
  • New Jersey
  • New York
  • Nevada
  • Pennsylvania
  • Tennessee
  • Virginia
  • West Virginia
  • Wyoming

However, the following countries do not have access to this gambling site:

  • Malta
  • Afghanistan
  • The central African Republic
  • The Democratic Republic of the Congo
  • Eritrea
  • Guinea-Bissau
  • Iran
  • Iraq
  • Lebanon
  • Libya
  • Mali
  • North Korea
  • Panama
  • Somalia
  • South Sudan
  • Sudan
  • Yemen

 

BetMGM Casino Review and Game Selection 

Unlike their customer support, BetMGM Casino offers lots of games to choose from. However, the casino is not available in all states. You can play slots, table games, slot races, and live dealer games. Casino games have different qualities because they are not powered by one brand. BetMGM works with multiple software providers. For this reason, I can not say for sure that all the games are of top quality. Some games have modern graphics, in-depth bonus features, and appealing themes, while some others come with basic styles and simple gameplays.

 

The following table summarizes what you can expect at BetMGM casino:

Game Title Number of available games or variations
Video poker 12
Variety games and scratch cards 21
Slot  644
Virtual sports games 5
Table games 34
Progressive jackpot slot 15
Blackjack 
Roulette  7
Baccarat  3
Casino Hold’em 1
Ultimate Texas Hold’em 1
Three card poker 1

 

Apart from the good variety of game selections, I have a couple of issues with BetMGM casino. 

  1. You may get tempted by their $1,000 bonus and the free play. But in reality, the two have serious shortcomings. Both come with an x6 wagering requirement before you can cash them. You will earn iRPs (iRewards Points) for each casino game. But in reality, the wagering requirement for each game is much much higher. 

 

Casino Game iRP Wagering Amount Actual Rollover 
Regular slots 1 Every $5 30x
Progressive jackpot slots 1 Every $10 60x
Video Poker 1 Every $20 120x
Other table games 1 Every $25 150x

 

  1. Worst than the rollovers is the clearing window. You have only 3 days to meet each rollover before you can receive it. Add this to the high wagering requirements and it becomes practically impossible to earn either bonus in full. 

 

Types Of Available Sports and Bets At BetMGM

Unlike the banking methods, you have plenty of sports to bet on at BetMGM Sportsbook. Although they fail to support a few international sports, all the US sports, main international events, major pro leagues, college ball, motor racing, and a lot more are covered. Below is an A-Z of sports you can wager on at BetMGM:

  • Athletics
  • Aussie Rules
  • Badminton
  • Baseball
  • Basketball
  • Beach Soccer
  • Beach Volleyball
  • Biathlon
  • Boxing
  • Chess
  • Competitive Eating
  • Cricket
  • Cross Country
  • Cycling
  • Darts
  • Esports
  • Field Hockey
  • Floorball
  • Football
  • Futsal
  • Gaelic Games
  • Golf
  • Handball
  • Hockey
  • Horse Racing
  • Lacrosse
  • Lawn Bowl
  • Mixed Martial Arts
  • Motor Racing
  • Nordic Combined
  • Olympic Games
  • Pesäpallo
  • Pool
  • Rowing
  • Rugby League
  • Rugby Union
  • Sailing
  • Ski Alpine
  • Ski Jumping
  • Snooker
  • Snowboarding
  • Soccer
  • Speed Skating
  • Swimming
  • Table Tennis
  • Tennis
  • Volleyball
  • Water Polo 

The betting options are similarly diverse. You have access to the following betting markets at BetMGM Sportsbook:

  • point spreads 
  • money lines 
  • over/under point totals
  • futures
  • parlays 
  • teasers, and 
  • propositions

 

BetMGM Mobile App 

Luckily, they offer an exclusive mobile app. The app is quite responsive and easily adapts to any device model. The homepage is where you can check daily offers and popular games, and quickly place your bets on featured games. From there, you can navigate to the in-play betting section, outstanding wagers, or latest promotions. However, the layout and navigation require improvements. Because there are two navigation menus and multiple promotions, games, and betting options which makes the app complicated for some players. 

The good news is that mobile users have the same access to site features as desktop users. Live stream, account management options, deposit and withdrawals, and placing bets are all available on the go. 

You can visit BetMGM.com and find the Android and iOS apps. 

 

Live Betting And Live Dealer Games At BetMGM

The in-play betting at BetMGM has improved dramatically since its launch and multiple features like live-streaming video are added to it. Also, much more in-play events now are offered and you can log in any time to find a bunch of US and international leagues’ in-play odds. If you are a fan of NBA, NHL, tennis, or basketball, you can enjoy live streams of your favorite matches. For example, during the pandemic, they introduced a new feature called NBABet Stream. BetMGM defines this feature as follows:

“NBABet Stream is a unique video service specifically designed to keep sports bettors on the edge of their seats. It doesn’t only offer an alternative perspective on basketball action with additional camera angles, commentary, and analysis, but NBABet Stream also features overlays with all the latest betting information, so you can make real-time decisions as you place your bets.”

If you are interested in this new feature, you can purchase an NBA League Pass or NBA TV subscription and activate your access. 

There is another good news for golf lovers. BetMGM expanded its partnership with sports betting odds provider IMG Arena in mid-2021. This allows golf fans to enjoy the live streaming video of PGA Tour events and place their in-play bets.

This is not all the live experience you can get from BetMGM. The casino offers live dealer games powered by Evolution and Ezugi where each studio comes with its distinct games style. I don’t need to mention the high-quality live dealer games these brands offer. All the games are offered in HD and human dealers are quite friendly and professional.

 

The live dealer collection at BetMGM includes the following games:

Evolution Games

  • Live Blackjack
  • Live American Roulette
  • Infinite Blackjack
  • Ultimate Texas Hold’em
  • Live Three Card Poker
  • Live Baccarat

Ezugi Games

  • Live Blackjack
  • Unlimited Blackjack
  • Casino Hold’em
  • Live Roulette

 

BetMGM User Experience

Overall, the desktop and mobile versions of the site provide a good betting experience. Although there is room for improvement, the loading speed, layout, and categorization of BetMGM are quite good.

  • Betting Interface: A bit complicated and confusing
  • Mobile Betting: Yes
  • Betting exclusive App: Yes
  • Live Sports Betting: Yes
  • Live Stream: Yes

 

Is betting At BetMGM Safe In 2022?

Yes, it is, otherwise, why would I recommend it? Besides, the site is fully regulated and licensed. So, rest assured that playing at BetMGM is totally safe.

 

BetMGM Frequently Asked Questions

Can I Withdraw My Winnings From BetMGM Using Bitcoin?

Sadly, no. They do not support cryptocurrencies. However, there are a bunch of other safe banking options you can use.

 

Is BetMGM App Available In All The US States??

Yes, they offer a single, unified app for all users in all states. 

 

Does BetMGM Have Age Limit?

Of course, it does. If you want to play at BetMGM, you must be over 21 years old.

 

What Are Deposit And Withdrawal Limits At BetMGM?

The limits vary depending on your account and state. Check your account for available options.

 

Wrap Up On BetMGM Review 

I hope you found this BetMGM review beneficial enough. PlayNowPros team is working to provide you with valid and up-to-date information to make your gambling life easier and more fun. My personal opinion is that BetMGM definitely needs improvements. For example, they should add cryptocurrencies as their banking option. Also, terms and conditions for bonuses should be modified. However, overall, the site has so much to offer. It is fully regulated and licensed so you can place your money with no worry. I believe you will have a good gambling experience at BetMGM. 

 

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