BetMGM Sportsbook Promo Code 2026: Up to $1,500 Back in Bonus Bets if Your First Bet Loses

The BetMGM Sportsbook welcome offer for October 2026 gives new users up to $1,500 back in Bonus Bets if your first bet loses. The offer is open to new customers who are 21 or older in BetMGM Sportsbook's 23 legal states, and it takes only a few minutes to claim.

Last updated: Oct. 7, 2026.

New users to BetMGM will be able to swing for the fences if they want to pursue this promotion. Users will receive up to $1,500 back in Bonus Bets if their initial wager loses. If you were to bet $1,000 you would receive five $200 Bonus Bets if your bet loses. 

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There is no promo code needed to claim the BetMGM Sportsbook offer for October 2026. 

Claiming the BetMGM Sportsbook is an easy process. After registering for the app and verifying your information, you can place an initial wager of $10 or more (up to $1,500). After the wager is graded, if it is a loss, you’ll receive five equal Bonus Bets if the bet was $50 or more. Those Bonus Bets can be used within seven days. 

Bonus Bets are in your account for up to seven days. They expire after that time. 

Yes, existing users can claim BetMGM Sportsbook offers. However, they cannot claim the Welcome Offer. Go to the app or your email, and you’ll find different offers provided by BetMGM Sportsbook. 

BetMGM Sportsbook is legal in Arizona, Colorado, Washington, D.C., Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Missouri, New Jersey, Nevada, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and Wyoming.