What Makes the BetMGM Sportsbook Stand Out?

BetMGM History and Financial Backers

BetMGM Sportsbook is a leading name in the online sports betting industry, established through a partnership between MGM Resorts International and Entain Holdings. This collaboration began on July 30, 2018, with the aim of transforming sports betting and online gaming in the United States. BetMGM quickly became a prominent player, offering a wide range of betting options and innovative features. The company’s commitment to excellence is evident in its continuous evolution and adaptation to industry changes, such as the integration of mobile technology and personalized experiences.

Operating in numerous states, including major markets like New Jersey and Nevada, BetMGM has formed strategic partnerships with local casinos and sports teams. The sportsbook stands out for its user-friendly mobile app, which offers features like live streaming and in-play betting. The platform also provides generous promotions, such as risk-free bets and parlay boosters, enhancing the betting experience for users. With a focus on creating unforgettable moments in sports and gaming, BetMGM continues to push boundaries and set new standards in the industry.

VISIT BETMGM

BetMGM’s offers and promotions

Your mileage may vary from market to market, but the BetMGM sportsbook has a reputation for high-quality offers and promotions. Both in terms of regular deals for their current customers and sign-up bonuses.

Because of the company’s relationship with MGM Resorts, BetMGM also provides promotions that tie in with the MGM integrated resorts in Vegas and across the U.S.

At the time of writing, BetMGM offers a $1,000 bonus bet in many states and a $10 bet at 20-1 on NBA 3-pointers.

The $1,000 bonus bet does not require clearance requirements. (However, if the player loses, their rebate is in free bets that the player must place within 7 days of receipt.)

These deals can stretch a recreational gambler’s budget nicely and pad out the profits of a pro.

Related:

Strong gambling verticals

Unlike some sportsbooks, the BetMGM app has an online casino and online poker app where those services are legal and regulated.

Having an account with BetMGM is a good option for customers who want to play table games, slots, or poker online and can easily move between those spaces. The integration with land-based properties also shines here, with BetMGM users able to easily move between online and retail.

How Do I Sign Up At BetMGM?

VISIT BETMGM

Signing up for a BetMGM Sportsbook account is a straightforward process that allows you to access a wide range of betting options. To begin, visit the BetMGM website or download the mobile app from the App Store or Google Play Store. Once there, click on the “Register” button to start creating your account. You can choose to sign up using your email, PayPal, or Yahoo! Sports account. Make sure to set a secure password to protect your account.

Next, you will need to verify your identity by providing personal information such as your name, the last four digits of your SSN, date of birth, phone number, and home address. This step is crucial for ensuring the security of your account. After verification, you can make your first deposit using various payment methods like debit/credit cards, online banking, or PayPal. The minimum deposit is $10.

Once your account is set up and funded, you can start placing bets by exploring the available markets and selecting your preferred bet types. For more information or to begin the registration process, visit the BetMGM sign up page.

Why Should I Trust The BetMGM Sportsbook?

Who regulates BetMGM?

BetMGM is regulated separately by each state in which it operates. For example, the Pennsylvania Gaming Control Board in P.A., the New York State Gaming Commission in N.Y., and the Iowa Racing and Gaming Commission in I.A.

You can check the specific regulator in your state in the small print at the bottom of the BetMGM website.

Where players have complaints that they cannot resolve with BetMGM’s customer service departments, they can contact the relevant regulating body to take things further.

In many of the states in which BetMGM operates (for example, Ontario), independent labs test the app to ensure fairness.

Why should I trust BetMGM?

BetMGM Sportsbook is a prominent platform in the United States, known for its extensive betting options and features. It is fully licensed and regulated in multiple states, ensuring it operates within legal frameworks. This licensing provides a level of trust and security for users. The sportsbook is frequently audited and employs strong security measures, such as SSL encryption and two-step authentication, to protect user data. These features demonstrate BetMGM’s commitment to maintaining a secure betting environment.

The platform offers a variety of promotions and bonuses, including a generous welcome bonus for new users. This shows that BetMGM values its customers and aims to provide a rewarding experience. Additionally, the sportsbook has a user-friendly interface, both on its website and mobile apps, making it accessible and easy to navigate for bettors. The availability of live betting and streaming options further enhances the user experience.

Customer support is available 24/7 through live chat, email, and phone, ensuring that users can get help whenever needed. BetMGM also encourages responsible gambling by providing resources for users who may need assistance. Overall, BetMGM Sportsbook’s licensing, security measures, and customer-focused features make it a trustworthy choice for sports betting enthusiasts.

How do I get paid if I win on BetMGM?

To cash out, head to “My Account” in the upper right corner of the page and then go to the Cashier page, where you select the Withdrawal tab and click your preferred method of withdrawal. 

The allowed methods may vary a little from state to state, but they include debit and credit cards, prepaid cards, e-wallets (like Paypal and Venmo), bank transfers, and even checks in some states.

What Company Is Behind the BetMGM Sportsbook?

Company facts

The BetMGM Sportsbook is the flagship sportsbook product for BetMGM, a U.S.-based joint venture between MGM Resorts and Entain Holdings. While BetMGM only operates in the U.S. at the moment, both of its parent companies are international corporations.

BetMGM is an LLC owned 50/50 by its parents. As such, it is not publicly traded.

Entain Holdings operates several brands, including the Ladbrokes and Coral sportsbooks and casinos in Europe and the International market. The company also owns partypoker, one of the biggest online poker sites in the world.

MGM Resorts operates 30 casinos and integrated resorts across the U.S., including the iconic Bellagio, ARIA, and Mirage in Vegas.

The expectation is that BetMGM may use Entain’s overseas expertise to expand beyond the U.S.

For regulatory reasons, BetMGM operates in partnership with numerous other companies for a state to license an online gambling operator. For example, in providing sportsbook services to Pennsylvania, BetMGM operates the site “on behalf of” the Mountainview Thoroughbred Racing Association.

BetMGM has only been in the U.S. online sportsbook market since 2018, but after a slow start, the company is one of the biggest operators in the market. In Q3 of 2021, it surpassed its goal of 25% market share, hitting a little over $200 million (26% market share) in revenue.

It was surpassed only by FanDuel and only by a small margin (about $30 million in revenue).

BetMGM Management and Board

BetMGM is led by a dynamic management team, with Adam Greenblatt serving as the Chief Executive Officer. Adam’s extensive experience in omnichannel gaming and sports betting, gained from his roles at Ladbrokes Coral and Entain Holdings, is pivotal in establishing BetMGM’s strong presence in the U.S. gaming market. As the Chief Revenue Officer, Matt Prevost is responsible for driving revenue by acquiring and retaining customers, leveraging his brand leadership experience in Europe’s competitive betting environment.

Kevin Allan, the Chief Architect, oversees all online and retail technology services. With over 25 years of experience, Kevin is recognized as a leading technology expert in the U.S. online gaming industry. Karen Baumwoll, the Chief Human Resources Officer, focuses on BetMGM’s success through its people, utilizing her extensive HR experience. Gary Deutsch, the Chief Financial Officer, brings financial expertise from large companies like Disney and Lucent Technologies. Lastly, Witek Wacinski, the VP of Strategy & Development, advises the CEO on strategic developments and is responsible for business development, including securing market access and strategic partnerships.

BetMGM Legal and Regulated Online Sports Betting Markets

These are the states and territories of the U.S. in which BetMGM’s online sportsbook is available, regulated, and operates legally.

BetMGM also operates retail locations in most of these states and several other states where retail sports betting is legal but online sports betting is not.

BetMGM FAQ

How old do you have to be to bet online at BetMGM?

In all states with regulated online gambling, you must be at least 21 years old to place a bet with BetMGM.

Can I bet on college sports on BetMGM?

Yes. If college sports are legal in the state from which you plan on making your bet, then BetMGM will probably run a line on them. This is of course dependent on the specifics of the event, but BetMGM do not have a company policy against taking bets on college sports.

Is there a mobile BetMGM app?

Yes. BetMGM has a mobile sports betting app in all of the states in which it operates that also allows online sports betting.

How do I report a problem with BetMGM to regulators?

Before going to the regulator, it is best to contact BetMGM directly. If BetMGM’s customer service representatives are unable to help you, you can contact the regulators directly.

Does BetMGM allow me to bet on credit?

No. However, while BetMGM does not provide its standard customers with lines of credit the company does allow players to deposit using credit cards in most states.

VISIT BETMGM