BetMGM Bonus Code NEWSWEEK1500 Activates $1.5K First Bet on MLB, Wimbledon

The only thing new BetMGM customers will sweat about this weekend is the summertime weather. The BetMGM bonus code NEWSWEEK1500 activates a First Bet Offer that eliminates the stress of losing a cash wager. Bet up to $1,500 on Saturday’s MLB or Sunday’s Wimbledon Final, and “The King of Sportsbooks” will refund your stake with bonus bets if you don’t win.

BetMGM $1,500 FIRST BET OFFER!

CLAIM OFFER
Promo code: NEWSWEEK1500

STATES: AZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA. 21 and present in participating states. Gambling problem? Call 1-800-Gambler. US Promotional Offers not available in New York.

BetMGM Bonus Code NEWSWEEK1500: Score First Bet on MLB, Wimbledon Worth $1.5K

In honor of an eventful summer, BetMGM unleashed one of its biggest sign-up offers for new bettors. Use the bonus code NEWSWEEK1500 to claim a $1,500 First Bet Offer for MLB, Wimbledon or another sport this weekend. Signing up through Newsweek’s affiliate links ensures that any loss worth up to $1,500 is on the house and repaid as bonus bets.

There are several ways prospective bettors can utilize their first bet. This weekend’s MLB schedule has many exciting options, including Braves-Padres, Twins-Giants and Cubs-Cardinals on Saturday night. You also have Yankees-Orioles and Rangers-Astros wrapping up their series on Sunday before MLB heads into the All-Star break.

Another option for a fully-backed first bet is the Men’s Wimbledon Final on Sunday morning. Carlos Alcaraz will aim to defend his title against the seven-time Wimbledon champ Novak Djokovic. BetMGM set the moneyline odds to -145 on Alcaraz and +120 on Djokovic, making the young Spaniard the betting favorite.

BetMGM accepts a first bet on any sport, not just baseball and tennis. Sunday also features two championship soccer matches: Spain vs. England for the European Championship and Argentina vs. Colombia at Copa America. Meanwhile, the final round of the Scottish Open tees off before sunrise in the U.S.

Comparing First Bet Offer to Similar Promos

BetMGM isn’t the only online sportsbook giving new players a first bet on the house. Caesars, ESPN BET and bet365 have insurance promos, but no two offers are the same.

For example, BetMGM covers losses worth up to $1,500. Caesars, ESPN BET and bet365 limit new users to $1,000 wagers. In addition, BetMGM issues bonus bets in five stakes worth 20% of the initial stake. ESPN BET is the only other sportsbook that follows suit, with Caesars delivering a one-time bonus bet and bet365 returning bonus bets in one lump sum.

If there’s a downside to BetMGM’s First Bet Offer, the bonus bets expire seven days after receipt. While that’s also the case for ESPN BET and bet365, Caesars customers have 14 days to wager their single-use bonus bet on any sport. All bonus bets return withdrawable cash profit after a win, with the sportsbooks withholding the wager amount.

How to Activate BetMGM Bonus Code NEWSWEEK1500

To claim BetMGM’s First Bet Offer, eligible customers must activate the BetMGM bonus code NEWSWEEK1500. Click Newsweek’s affiliate links to register with the code automatically, then provide your full name, date of birth and other essential account information. In addition to personal info, BetMGM requires bettors to enable geolocation technology that confirms they’re in a legal playing area.

BetMGM accepts many online payment methods for cash deposits, including online banking and a credit or debit card. Although the minimum deposit amount is $10, invest enough to cover your upcoming wager. Once complete, head to any betting market and wager up to $1,500.

The first bet must lose for BetMGM to trigger a bonus bet payout. All bonus bet payouts worth $50+ come in 20% stakes, so a $1,500 loss is conveyed as five (5) $300 bonus bets. Meanwhile, a victory cancels the First Bet Offer and produces a standard cash payout.

BetMGM offers this promotion to new customers in AZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, MI, NJ, NY, NC, OH, PA, TN and VA.

21+ and present in participating states. Gambling problem? Call 1-800-Gambler.

Newsweek may earn an affiliate commission if you sign up through the links in this article. See the sportsbook operator’s terms and conditions for important details. Sports betting operators have no influence over newsroom coverage.