BetMGM New York Promo Code and Sportsbook Review 2022
BetMGM New York is finally live in the New York, and with its launch comes an incredible bonus for all new users in NY that arrived just in time before Super Bowl 56 in February.
New York sports betting fans can play as the passed legislation made sports betting legal for anyone in the state of New York. The only caveat to the state's legalization is domestic bettors cannot wager on in-state college teams. While this is not standard in every state, this was expected considering New Jersey implemented the same rule.
|💸 BetMGM NY Promo Code:||REALGMNY|
|✅ BetMGM New York Bonus Offer:||Risk Free Bet Up to $1,000!|
|📱 Betting App:||Yes|
|💳 Minimum Deposit:||$10|
BetMGM bonus Code REALGMNY & New York Promotions
BetMGM online sportsbook has made a name for itself based on its generous promotional offerings and ease of use of its platform. For starters, BetMGM offers promotions such as parlay insurance, Money Monday, $1,000 risk-free bet, and early cashout options. All of these promotions lead to an increasingly positive betting experience and give sports bettors more ways to win and more ways to have fun while watching events.
BetMGM sportsbook offers its users protection on parlays of four or more legs. The promotions change frequently, and depending on what sport is in season, the sport with parlay protection can change. However, while the sport changes, the rules of parlay insurance generally do not. The rules are simple: Place a parlay of four or more legs up to 20 events, and a sports bettor will receive $25 back if only one leg of the parlay fails to win.
For new users that create a BetMGM sportsbook account, BetMGM's bonus code gives sports bettors a $1,000 risk-free bet. This is a very generous sign-up bonus and it would be in the best interest of new players to take advantage. This promotion is only valid for a new user's first wager through BetMGM. To deploy this promotion, a user needs to create an account, deposit money, and place a bet up to $1,000. If the bet loses, bettors are given site credit back for the full amount of the bet.
Every Monday, BetMGM sportsbook gives users $10 in free bets for placing $50 or more of bets on Monday. This promotion is great for a user to take advantage of if a sports bettor wants to take action on Monday Night Football or any other sport. To take advantage of this promotion, a bettor needs to join the Money Monday club in the "promotions" tab on the app or website. The $10 free bet cannot be withdrawn as money and it needs to be placed within 7 days or the free bet goes away.
Early Cash Out
BetMGM offers its users the ability to cash out of a bet before the event is completed. Early cashouts are great for two situations. If a user places a bet and immediately decides they do not want to ride out the rest of the wager, a user can cash out early for a slight loss instead of losing the entire bet.
Another great use of the early cash-out option is for a parlay that has multiple legs graded as a win and one leg left. A more risk-averse user can activate the early cash-out option to lock in a profit.
New York BetMGM New User Welcome
BetMGM has a wide variety of promotions that frequently change and are updated as the season's change and different sports are played. To keep up with the ever-changing promotional offerings from BetMGM sportsbook, a user should navigate to the "promotions" tab on the app or the website. The promotions offered range from daily offers such as Money Monday and league specific offers such as Premier League Parlay Insurance. BetMGM Sportsbook also offers same-game parlay insurance for sports like NFL, NCAAF, and NBA parlays.
Distinguished Features On The BetMGM New York Sportsbook
BetMGM Sportsbook offers unique features for its users. For example, BetMGM sportsbook offers its users live streaming of sporting events, live betting, same-game parlays, and early cash-out options. To maintain its status in the legal mobile sports betting industry BetMGM has incorporated these offerings to enhance user experience. As a legalized sports betting operator, BetMGM sportsbook promotions are exciting offerings that should entice all NY sports bettors.
Live Sports Streaming At BetMGM
BetMGM sportsbook offers its users the ability to live stream sporting events through the sportsbook app or website. This offering is unique to the legal sports betting industry. While some apps offer live streaming, BetMGM has the most extensive menu of games to watch live. Also, users can place live bets on events while they are watching events directly on the BetMGM app or website.
BetMGM Live Betting
BetMGM sportsbook gives its users the ability to place bets on events that are currently ongoing. Users can bet on the total, one of the teams against the spread, moneylines, or player props while events are playing out in real time. While live betting, it is imperative that users know for sure the exact score and situation of the event at the time. If the BetMGM app shows the wrong score and a bettor takes a wager thinking that is the correct score, the bettor is at fault and BetMGM will not refund the balance.
Early Bet Cash Outs
BetMGM sportsbook allows its users to cash out of a bet before it is settled. Early bet cashouts are great for bettors that do not want to ride out an entire bet and either lock in some profit or lose less than the full amount of the bet. Cashouts are not offered on every bet.
Are Same-Game Parlays Allowed?
BetMGM sportsbook offers its users the ability to place parlays with events all tied to a single event. For example, if the Jets are playing the Bills, a bettor can bet on a parlay that includes the Jets moneyline, the over, and Elijah Moore to score a touchdown. Same-game parlays are great for users that are looking to make a single event more interesting while also creating an opportunity for a larger payout.
Frequency Of Odds Boost
BetMGM sportsbook frequently offers odds boosts and other generous promotions to its users. While these promotions are generous, users cannot combine promotions for a larger payout. For example, if a user is taking advantage of parlay insurance on a Monday, the user cannot enhance odds even more by combining that promotion with same-game parlay insurance.
BetMGM NY Sportsbook App
BetMGM sportsbook has done a great job with its application for betting on the go. Sports bettors can download the BetMGM sportsbook app on the Apple App Store for iOS devices and the Android app store for Android devices. The BetMGM sportsbook app is easy to use and navigate, and it is extremely responsive. The BetMGM app rarely shuts down unexpectedly or glitches.
The app takes around .5 MB to download and the more a user uses the app the more storage it will take up on a device. When using the app there is a bet builder that contains a bet slip so a user can select a wide variety of bets and look them over before placing any action. The app also gives users the ability to stream games and take live bets. In this arena, BetMGM excels relative to its competition.
BetMGM Hits And Misses
- High welcome bonus
- Live streaming a wide variety of events
- User-Friendly experience
- Great odds
- Long withdrawal process
- No customer support over the phone
- Weak customer support live chat
What BetMGM New York Does Well
BetMGM sportsbook boasts many strengths as a brand in the sports betting industry. As a starting point, BetMGM offers a $1,000 risk-free bet for users making their first bet with a new BetMGM account. Also, BetMGM's inclusion of live streaming enhances the user experience and differentiates itself from other online sportsbooks. With their frequent odds boosts, solid sports variety, and live-betting, BetMGM is an elite sportsbook for New York sports bettors to make an account with.
How does BetMGM Compare?
What to bet on with BetMGM New York
When using BetMGM, a user will notice a wide variety of betting markets to place action on. BetMGM will have traditional bets on American markets such as the NFL, NBA, NHL, and MLB but also out-of-country markets such as the English Premier League and cricket. Below is a list of all the sports markets available for bettors using BetMGM:
- Formula 1
- Table Tennis
It is expected that New York sports fans will love to bet on the classic American sports such as the NFL, MLB, NBA, and NHL. New York has a strong presence in all of these sports with multiple teams in each league, so this adds a new way for Empire State residents to enjoy watching their favorite teams.
BetMGM Online Sports Betting Basics
BetMGM sportsbook offers a wide variety of betting options for players to utilize. For starters, there are the classic betting options suited for more pro bettors like moneyline, spread bets and totals.
Also, BetMGM has super popular betting options for more casual bettors like parlay bets and prop offerings. On the BetMGM website and mobile app casual and professional bettors can take advantage of solid odds and plentiful betting options.
Moneylines - A moneyline bet is a wager that a team will win an event straight up. There is no addition or subtraction of points involved. Moneyline bets usually have one team with negative odds and one team with positive odds. For example, a bettor can take the New York Jets +250 moneyline against the Bills. If the Jets win, the bet wins.
Unless otherwise specified within the bet's description, moneyline bets are settled regardless of a game going into overtime or extra innings. A moneyline bet will only push if it is two-way action in a sport with draws. For example, if you place a Major League Soccer moneyline bet on the New York Red Bulls vs the Philadelphia Union, and the two teams play to a tie, your bet will "push" (i.e., your bet will be refunded).
Spread Bets - Spread betting is the most common form of sports betting. A spread bet is a bet where one team has points subtracted from its final score and one has points added to its final team total. The odds on spread bets are usually -110. For example, a bettor can take the New York Giants +7 points vs the Washington Football Team. For the bet to win, the Giants need to lose by less than 6 points or win outright.
Significant Steam - or wagering action- on one team's end of the spread may result in that number moving as the game approaches. So if the Giants are available at +7 on Tuesday, the spread may fluctuate to +5, +9, etc by game time.
Parlay Bets - A parlay bet is a wager that includes more than one leg combined into a single bet. The odds of a parlay are determined by the true odds of both straight bets. For example, a bettor can wager that the Jets, Giants, and Islanders all win on the moneyline for a larger payout. If any leg of the parlay loses, however- the bettor's entire stake is graded a loss. This enticing form of betting is feast or famine.
Total Lines - A total line bet is a wager on the number of goals/points/runs will be accumulated, obviously depending on which sport. For example, if the Islanders are playing the Rangers and the total line is 4.5, the two teams would have to combine to score more than 5 goals for the bet to win.
Worth noting for new sports bettors: Totals will often be set at 38.5, 40.5, etc as opposed to 39. This is to avoid bettors on either end of the spectrum- whether playing overs or unders - from hitting their number exactly, and having their bet refunded.
Futures Bets - A future bet is a wager on an event that is happening later in the season. For example, before the season even starts a bettor can place a bet on the Yankees to win the AL East and the Mets to win the pennant.
Prop Bets - A prop bet is a bet that focuses on a single-player's outcome for an event. For example, a bettor can bet on Zach Wilson to toss two or more touchdown passes or Giancarlo Stanton to hit a home run in a game.
New York has a wide variety of teams to bet on. For people in upstate New York or Western New York, bettors can focus on the Buffalo Bills or the Buffalo Sabers. For residents on Long Island or in New York City, bettors can bet on a wide variety of sports and teams like the Mets, Yankees, Islanders, Rangers, Knicks, Nets, Jets, and Giants.
BetMGM prices its games relatively similarly to other operators in the market. BetMGM often has slightly better odds than some competitors such as Draftkings and FanDuel, however it does not have significantly better odds on all events. For all bettors in any state, it is important to shop around to find the sportsbook offering the best lines on any event.
The Origins Of BetMGM Sportsbook NY
BetMGM sportsbook is the exclusive sports betting division of MGM Resorts International. It exists both online and in MGM retail casino locations nationwide. BetMGM is also the main brand for online casino gaming along with its sister brands Borgata Online (which is located in New Jersey), Party Casino and Party Poker. Since 2018 BetMGM has been given licenses to operate online sports betting in multiple states and is one of the most recognizable brands in the United States. It is expected that as more and more states legalize online sports betting BetMGM will continue to be given licenses.
What To Expect When Registering For A BetMGM Sportsbook Account
Registering for a BetMGM account is simple and easy. Users can sign up through the app or the website. A bettor needs to be 21+ to create an account and from there, the process is simple.
- Step 1: Enter Email Address
- Step 2: Pick a secure password
- Step 3: Provide name, date of birth, social security number, address, and phone number
- Step 4: Accept terms and conditions and begin depositing funds
BetMGM Sportsbook Payment Options
Depositing money into a BetMGM account is simple and convenient for its users. There is a wide array of deposit methods to suit any type of bettor. In order to deposit money, a bettor needs to navigate to their wallet which is found by getting to your profile which can be found in the top righthand corner of the app or website. The payment methods are ACH transfer, online bank transfer, PayPal, Visa, Mastercard, or check.
Withdrawing money is just as simple as depositing money. The withdrawal options are the same as the deposit options. BetMGM was known for unusually slow withdrawal times, and while it is still true, they have made a conscious effort to cut the time to only 2-3 business days for a withdrawal. In order to withdraw money, navigate to your wallet in the top right-hand corner and begin the withdrawal process.
BetMGM New York Daily Fantasy Sports Contests
BetMGM New York is expected to offer specific contests around certain big ticket sporting events. While it is uncertain exactly what will be run in New York, here are examples of recent that the Bet MGM sportsbook has run:
$2 Million Bracket Challenge: BetMGM sportsbook vowed to pay $2 million to any customer that put together a perfect bracket for the NCAA March Madness tournament. Since creating a perfect bracket is nearly impossible, BetMGM also awarded the customer with the highest percentage of games picked correctly $100,000.
BetMGM Yahoo Cup: The BetMGM Yahoo Cup was a free-to-play contest covering the NFL regular season. This contest spanned all 17 games and there was a $2,500 prize pool on offer each week. The winner of the entire contest received $3,000 in cash and was also awarded a trip for six to Las Vegas valued at around $20,000.
NBA 2K Players Tournament: BetMGM rewarded customers with $20,000 for creating a perfect bracket in an eSports tournament for NBA 2K. This tournament featured NBA stars Kevin Durant and Trae Young among others.
BetMGM sportsbook has a great rewards program that gives users rewards that go further than risk free bets or site credit for online poker. Since BetMGM is a partner of MGM resorts, the BetMGM loyalty program gives users rewards that they can use for stays at MGM resorts hotels. The rewards program is called the M Life Rewards Program and based on the amount of money spent using the app, there are tiers or rewards users are eligible for. In order to join the program, users need to have a sportsbook account and can navigate to the MGM resorts website and link their sportsbook account to being using the rewards.
At the moment, BetMGM has one of the best desktop websites of all of the sportsbook apps in New York. BetMGM has live streaming of a wide variety of events which is unique for the legal sports betting landscape. The BetMGM website has great usability and will be a fan favorite for New York sports bettors.
BetMGM has one of the cleanest web based platforms of all the sportsbooks that are going live in New York. Playing on the website is easy since there is a larger screen size. And while all the features are the same as on the app, using the website is a welcome experience. The betting menu is easy to find, the larger screen makes betting options more visible, and the website rarely ever lags or experiences delay.
New York BetMGM Sports Betting App
BetMGM has a very responsive and easy-to-use sports betting app. BetMGM allows its users to live stream games on its app and it is a very welcome feature to utilize. The app has all the same features of the website, however it is a little bit more difficult to navigate since it is on a much smaller screen. Nonetheless, BetMGM's sports betting app is smooth, easy to use, and has a great platform for bettors to take advantage of.
Customer Support Methods
BetMGM's customer support service could be improved for its sportsbook. BetMGM does not have a live chat for bettors to use to contact agents about questions. Furthermore, BetMGM does not offer a customer support phone service or an email address. At the moment, all BetMGM has is a frequently asked questions tab for users to utilize and answer their own questions with. With New York on the horizon, BetMGM and prospective customers would each benefit from enhanced customer service.
BetMGM takes a wide variety of measures to ensure their users and their information are safe. Since users are giving BetMGM sensitive information such as credit card numbers and social security numbers, it is imperative that BetMGM takes all the steps to ensure player safety. BetMGM uses the latest encryption technology to ensure the safety of player information. However, it is still important for bettors to use strong passwords and avoid using basic passwords like "12345" or "password".
Responsible Gambling Measures
BetMGM sportsbook has an entire section of their website dedicated to responsible gambling. By navigating to the bottom of the website or the mobile app, any user can click on the green "RG" and begin to read about warning signs of problem gaming and how to get help. BetMGM has resources such as phone numbers to call for each states Council of Problem/Compulsive Gaming as well as federal problem gaming resources. BetMGM also outlines how users can set self imposed limits on deposits as well as dollars placed on bets.
Sportsbook Taxes On BetMGM
BetMGM New York, and all other sportsbook operators in New York, will be subject to the largest tax percentage of any state in the United States. The tax on sportsbooks in New York is 51% of all gross gambling revenue. To break this down, that means the bottom line of sportsbook revenue generated by BetMGM sportsbook and all other operators in New York with a legal gambling license is taxed at a 51% rate. 51% is considered an abnormally high tax rate. New Jersey, New York's neighbor, only has a 14.25% tax on gambling revenue for comparison.
BetMGM Retail Sportsbook
At the moment, BetMGM does not have any retail sportsbooks in New York. While it is uncertain whether or BetMGM or casino giant MGM resorts will open a retail location in New York at some point, it is safe to say New York will eventually have its fair share of retail sportsbook locations. For now, bettors must only use the BetMGM app or website to place bets through BetMGM sportsbook.
The RealGM Verdict On The New York BetMGM Sportsbook
All things considered, BetMGM is a welcome addition to the New York sports betting landscape. Its use of daily odds boosts, generous promotions, and an extensive streaming options certainly makes BetMGM worth making an account. Its $1,000 risk-free bet is also a great promotion for new bettors to take advantage of.
While BetMGM has a great mobile app and website, BetMGM needs to improve upon their support features for its customers. By having more options for supports, users can feel more at home using BetMGM and will ultimately trust the brand and its offerings more. BetMGM is a very well known sportsbook in the industry, and there is cause for excitement about its official launch in New York in 2022.
Is BetMGM New York Legal?
BetMGM was granted a license to operate in New York. It is legal and NY bettors can register now.
Does BetMGM Offer New York BetMGM risk-free bets?
Yes, BetMGM offers New York users $1,000 in risk-free bets for first-time users' first bet.
Can I bet on college sports with BetMGM NY?
Yes, you can bet on college sports with BetMGM NY. However, you cannot bet on in-state college sports with BetMGM NY.
Does BetMGM New York have an online casino?
BetMGM has an online casino. However, it is unclear if BetMGM New York will have the online casino at launch.
Can I live bet at BetMGM NY?
Yes, BetMGM New York will have live betting for in-progress events.
When will BetMGM Launch in New York?
BetMGM is live and welcomes New York bettors with its generous $1,000 Risk Free Bet welcome bonus