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BetMGM bonus code YBNEWS1600 unlocks 20% deposit match, up to $1.6K on any game

By Ian Firstenberg | Last updated Jun 22, 2024 8:38 AM ET

BetMGM, one of the most popular sports betting brands in the country, currently offers new users in 19 states (AZ, CO, IL, IN, IA, LA, KS, KY, MA, MD, MI, NJ, NC, OH, PA, TN, VA, WV, WY) two different welcome offers.

You can use the BetMGM bonus code YBNEWS1600 to sign up for an account and claim a 20 percent deposit match with a $1,600 cap. Somewhat unique offer structure here as you'll get a fraction of whatever cash you deposit credited to your account as sports bonuses. From there, you'll have 30 days to meet the 10x wager requirement.

So if you deposit $200 in cash, you'd get $50 as sports bonuses and would have 30 days to wager $500 in cash.

If that's not suitable, you can sign up with the BetMGM bonus code YARDNEWS and claim a $1.5K bet insurance offer. Straight forward offer structure here, you'll get the value of your first cash wager back as bonus bets if it loses.

Important terms

Must be 21 or older
New customers only
Min. $10 cash deposit required for either offer
10x wager requirement for deposit match
Sports bonuses and bonus bets are valid for seven days from distribution

Use the hyperlinks above or the modules below to get started at BetMGM.

Signing up with BetMGM

Initiate sign up process with hyperlinks or modules above
Use relevant BetMGM bonus code (YBNEWS1600 for deposit match, YARDNEWS for bet insurance) to activate one of the offers
Finalize your account with relevant personal details (home address, birth date etc.)
Review and approve the T&Cs
Deposit at least $10 in cash to register your account, regardless of what promotion you claim
Place your first cash wager of the day

Wagering with BetMGM

While it's still in the group stage, Euro 2024 is ramping up with Czechia (-135) and Georgia (+382) battling it out in Group F.

If you claimed the deposit match offer, you'll have a 10x wager requirement that you'll need to meet. So say you put down $300 in cash, you'd earn $60 in sports bonuses. From then on, you'd need to wager $600 total.

Thus, if you wagered $100 in cash on the Czechia moneyline and they won, you'd get $74.07 in profit. Regardless of whether that bet won or lost, you'd have $500 to go for the wager requirement.

With the bet insurance offer, you can maximize your potential value with a cash wager on an underdog market. A win will garner you more profit and you'll be covered in the event of a losing wager.

For example, if you wagered $155 in cash on the Georgia moneyline at +382, you'd get $592.10 in profit with a win. If that wager lost, you'd get $155 in bonus bets credited to your account.

21+. Gambling problem? Call 1-800-GAMBLER. AZ, CO, IA, IL, IN, LA, KS, KY, MA, MD, MI, NC, NJ, OH, PA, TN, VA, WV, WY. Call 877-8-HOPENY or text HOPENY (467369) (NY). Call 1-800-327-5050 (MA). 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Participant must complete the Wagering Requirements and satisfy the (10x) playthrough requirement. Visit BetMGM.com for Terms & Conditions.

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