BetMGM

What Makes the BetMGM Sportsbook Stand Out?

BetMGM History and Financial Backers

BetMGM is a prominent name in the sports betting and online gaming industry, born from a partnership between MGM Resorts International and Entain Holdings. This joint venture, established on July 30, 2018, aimed to revolutionize sports betting in the United States. The company quickly positioned itself as a leader, with Adam Greenblatt appointed as CEO on October 23, 2018, to spearhead its growth. 

BetMGM stands out due to its extensive range of betting options and user-friendly mobile app. The platform offers betting on major sports events like football, basketball, and baseball, as well as niche markets such as snooker and Formula 1 racing. The sportsbook is known for its generous promotions, including promos up to $1,000 for new users and parlay boosters that increase potential winnings.

The company has also made significant technological investments to enhance user experience, including in-play betting and live streaming features. BetMGM’s commitment to responsible gaming is evident through its incorporation of GameSense, providing tools and advice for setting gaming limits. With operations in 16 states and partnerships with major sports teams, BetMGM continues to expand its footprint in the competitive sports betting market.

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.

BetMGM Sportsbook Sign-Up Steps

Registering for a BetMGM Sportsbook account is a straightforward process, but it is important to follow each step to ensure your account is set up correctly. Start by visiting the BetMGM sign up page or downloading the BetMGM app from the App Store or Google Play Store. Click the “Register” button to begin. You will need to provide your email address, create a secure password, and enter personal details such as your full name, date of birth, home address, and the last four digits of your Social Security Number. This information is required for identity verification and to confirm you are at least 21 years old, which is a legal requirement for online sports betting in the United States.

After entering your information, agree to the terms and conditions and submit your registration. Most users are verified instantly, but if there are any issues, you may be asked to upload documents like a driver’s license or state ID. Once your account is approved, make your first deposit of at least $10 using a supported payment method such as debit card, PayPal, or online banking. You can then explore the sportsbook, claim welcome offers, and start placing bets on your favorite sports. If you encounter any problems, customer support is available 24/7 through live chat, email, or phone.

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?

When deciding if you can trust BetMGM Sportsbook, it is important to consider its licensing, security, and reputation. BetMGM is fully licensed and regulated in over 20 states, including major markets like Michigan, Pennsylvania, and Nevada. This means that state gaming authorities oversee its operations, ensuring fair play and secure transactions for all users. The platform uses strong security features such as SSL encryption and HTTPS connections to protect your personal and financial information. Independent tests confirm that payout percentages are fair and align with industry standards, which supports the claim of reliable payouts.

The sportsbook is owned by reputable companies and is associated with MGM Resorts, a well-known name in the gaming industry. BetMGM offers a wide range of sports and betting markets, competitive odds, and a user-friendly app that is highly rated on both iOS and Android. The MGM Rewards program adds extra value for frequent bettors, allowing you to earn points for both online and in-person rewards. While some customer reviews mention issues with withdrawals and customer service, most expert reviews and regulatory oversight suggest that BetMGM Sportsbook is a trustworthy and secure choice for sports betting.

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 guided by a skilled management team that is central to the company’s growth and daily operations. The current Chief Executive Officer is Adam Greenblatt, who brings a wealth of experience from his previous roles at Coral, Ladbrokes Coral Group, Rothschild & Co, and Arthur Andersen. Adam Greenblatt’s leadership is a driving force behind BetMGM’s strategy and helps the company stay at the forefront of the online sports betting industry. The management team at BetMGM is made up of eight executives, each responsible for important areas such as operations, technology, and compliance. This strong executive team ensures that BetMGM maintains high standards in user experience and regulatory compliance, which are both vital for a leading sportsbook. While the specific names and roles of the other executives are not provided, their combined expertise supports BetMGM’s focus on responsible gaming and customer satisfaction. Information about the board of directors is not detailed in the available sources, but the company’s leadership structure is designed to support its top-ranked status in the industry. The emphasis on experienced management and a clear leadership structure is a key reason for BetMGM’s ongoing success and strong reputation.

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

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

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

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.

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.