BetMGM activates $1,500 first-bet safety net for new US customers
The promotion, linked to the FOXSPORTS code, offers a refund in bonus bets if the initial wager loses, positioning BetMGM against competitors like DraftKings and Caesars Sportsbook.
BetMGM has introduced a substantial welcome promotion for new customers in the United States, utilising the promo code FOXSPORTS. The offer provides a refund of up to $1,500 in bonus bets if a user's first wager loses, accompanied by a $50 BetMGM Reward Points bonus. This launch is positioned as one of the larger welcome bonuses currently available in the market, specifically targeting medium-to-high-stakes bettors.
To qualify for the offer, eligible customers in approved states must register with the promo code, which automatically applies a token to their account. A minimum deposit of $10 is required to activate the promotion. The $1,500 refund is provided in the form of bonus bets rather than cash and is only applicable if the first wager placed with the token loses.
The timing of the promotion coincides with a period of high betting activity, including NFL preseason games such as the Raiders against Houston and the Chargers against the 49ers, as well as MLB series like the Braves against the White Sox. BetMGM leverages the trust and tradition of the MGM brand to appeal to users seeking a premium app experience alongside these financial incentives.
Competitors in the US sports betting market are simultaneously running their own promotional campaigns during this August period. DraftKings is offering a low-barrier entry point with $150 in bonus bets for a first wager of $5 or more, while Caesars Sportsbook is featuring a "Bet $1, Double Your Winnings" offer. These concurrent efforts highlight the competitive nature of the market as operators seek to expand their user bases in eligible jurisdictions.
For existing customers, BetMGM continues to offer "Lion's Boost" promotions, which provide enhanced odds on pre-selected bets or parlays. These boosts typically spotlight major matchups across the NFL, NBA, and Premier League, raising payout odds on curated selections. This strategy aims to keep the betting experience engaging for users who have already registered with the platform.
The source material notes that the specific list of approved states where the offer is legal is not detailed, only that it is available to eligible customers in those jurisdictions. Additionally, the source indicates that Fox Sports may be compensated if users sign up or place wagers through the provided affiliate links.
