BetMGM Sportsbook New Welcome Offer: Bet $5 – Get $158! BetMGM Sportsbook New Welcome Offer: Bet $5 – Get $158!

Football playoffs are finally here after an intense 18 weeks of high-quality football action all over North America. The fans will remember the 2023/24 regular season as one of the most entertaining in the last 50 years.

As many as 20 outfits entered the last day of the regular season in contention for the playoffs, a feature that has only occurred once before (in 2006) in the previous 41 years.

To make things more exciting for football fans around the country, BetMGM Sportsbook launched a brand new promotion for new customers. Anyone who creates a new account at BetMGM Sportsbook can claim a new Bet $5 — Get $158 welcome offer.

The timing for such a lucrative offer can hardly be better. Getting $158 extra to play with just before the start of the playoffs seems too good to be true. Let’s find out everything about the deal.

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Last verified: July 2024
Special Signup Offer
Get up to $1,500 in Bonus Bets!*
  • Welcome offer activates if your first bet loses
  • Great mobile betting experience
  • Variety of betting markets on offer

*Except NY & NV. Bonus Bets Expire in 7 Days. One New Customer Offer Only. Additional terms apply.

Please play responsibly. If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER.

How to Claim the Promo?

First, here’s is a short step-by-step guide on how to claim the offer:

  1. Create a new account at BetMGM Sportsbook
  2. Place a $5 bet on any sports market
  3. Players will then receive three bonus bets ($50 + $50 + $58)
  4. Players can use the bonus bets on any sporting event
  5. Bonus bet stake is not included in potential winnings

The Welcome Bonus Package

BetMGM Sportsbook Get $158 deal

BetMGM Sportsbook paused the standard welcome offer and revamp it just before the start of the 2024 pro football playoffs. The new promotion officially starts on Tuesday, January 9, and runs through the Big Game at the end of postseason action.

As per the offer, anyone who registers a new BetMGM sports betting account and places a wager of $5 on any sports market will receive $158 in bonus bets. Customers can place the original bet on any single event, parlay, or Same Game Parlay. Regardless of the outcome of that bet, players will get bonus funds.

The bonus is paid as three separate bonus bets, as follows:

  • A $50 Bonus Bet
  • A $50 Bonus Bet
  • A $58 Bonus Bet

How to Use The Bonus Bets?

Bonus bets should land on the player’s BetMGM accounts as soon as the original bet is settled. Right after that, those can be used on any event available. It does not need to be pro football, but with playoffs being just around the corner, we believe most bets will go that way.

The bonus bets are not subject to wagering requirements, but it is important to know that the bonus bet stake will not be included in potential winnings. This is why players should invest some time and find the most appropriate US sports betting options (ideally with even odds or longer) to get as many value as possible from these three lucrative bonus bets.

Let’s say that you place a $50 bonus bet on a pick with +100 odds. In case of a winning pick, you would receive a total of $50 upon deducting the bonus bet stake. The winnings would then be yours to keep, withdraw, or continue wagering.

BetMGM has an array of betting markets for pro football playoffs. Customers who claim this revamped offer will truly be spoiled for choice on how to use their bonus bets.

Here are only some of the most interesting markets to consider on top of the standard spread, total, and money lines:

  • Player to score a touchdown (first, last, anytime, single, multi)
  • Quarterback props (passing yards, passing touchdowns, interceptions thrown)
  • Receiving props (receptions made, longest reception)
  • Player rushing/receiving yards
  • Half/quarter totals
  • Correct score

In search of a bigger payout, players can also combine the aforementioned markets into a same-game parlay or place a bonus bet on a parlay comprising several games. To make things even better, BetMGM regularly offers boost tokens for standard parlays, same-game parlays, or single events. They will surely have something extra in store by the start of the postseason, so make sure to pay a visit to the operator’s promotional department these days.

With a top-notch playoffs schedule and this lucrative welcome offer at BetMGM Sportsbook, we have all the ingredients for a fantastic start to the year.