BetMGM

BetMGM Sportsbook Sign-Up Steps

Signing up for BetMGM Sportsbook is a straightforward process that allows you to enjoy 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 register using your email, PayPal, or Yahoo! Sports account. Make sure to set a secure password to protect your account. Next, 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, make your first deposit using various payment methods like debit/credit cards, online banking, or PayPal. Once your account is funded, you can start placing bets by browsing the available markets and selecting your wagers. For more details, visit the BetMGM sign up page. Remember, you must be at least 21 years old and located in a state where sports betting is legal to register and place bets.

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 reliable platform for sports betting, offering a secure and comprehensive experience. It is affiliated with MGM Resorts International and holds licenses from reputable bodies like the New Jersey DGE and Pennsylvania Gaming Control Board. This ensures that BetMGM operates legally and ethically across multiple states. The platform employs advanced security measures, including two-step authentication and SSL encryption, to protect user data, making it a safe choice for bettors. Frequent audits further enhance its trustworthiness.

BetMGM provides a wide range of betting markets, from mainstream sports to niche events, with competitive odds. The user-friendly interface and dedicated mobile apps improve the betting experience, while the BetMGM Rewards program offers additional incentives. Despite some negative reviews about customer service, the overall sentiment is positive, with many users praising its reliability and extensive features. With its robust security, legal compliance, and diverse offerings, BetMGM Sportsbook stands out as a trustworthy option 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 a leading force in the sports betting and iGaming industry, guided by a team of eight executives. At the forefront is Adam Greenblatt, the Chief Executive Officer, who has a rich background from his roles at Coral, Ladbrokes Coral Group, Rothschild & Co, and Arthur Andersen. Under his leadership, BetMGM has experienced notable growth, especially in the online sports and iGaming sectors. The company is co-owned by MGM Resorts International and Entain plc, providing a solid foundation for its operations.

The management team is dedicated to sustaining momentum from past achievements and aims to achieve positive EBITDA for the entire year of 2025. This goal is supported by a strong iGaming strategy that allows for faster growth than the market average. BetMGM’s board and management are committed to enhancing the brand’s presence and improving performance, even in tough market conditions. Their efforts are evident in the company’s financial confidence and the significant year-over-year revenue increases in both iGaming and online sports.

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.

• Arizona
• Colorado
• Illinois 
• Indiana
• Iowa
• Louisiana
• Michigan
• Nevada
• New Jersey
• New York
• Pennsylvania
• Puerto Rico
• Tennessee
• Virginia
• West Virginia
• Wyoming

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