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 risk-free bets 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.

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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.

Signing up for a BetMGM Sportsbook account is a straightforward process. First, visit the BetMGM sign up page or download the BetMGM app from the App Store or Google Play Store. Once there, tap the “Register” button to begin creating your account. You can register using your email address, PayPal account, or Yahoo! Sports account. Make sure to choose a secure password that includes uppercase and lowercase letters, as well as a number.

Next, you will need to verify your identity. Provide your first and last name, the last four digits of your Social Security Number (SSN), and your date of birth to confirm you are at least 21 years old. You will also need to enter your phone number and home address. For added security, you can enter the exclusive promo code ATSBETGET to claim a welcome offer.

After verifying your identity, the next step is to make your first deposit. Tap the “Deposit” button in the top right corner of the screen and choose your preferred payment method, such as debit/credit cards, online banking, Apple Pay, or PayPal. Enter the deposit amount (minimum $10) and confirm the transaction.

Finally, you can start placing bets. Browse the betting markets by sport or league using the search bar at the top of the page. Add your selections to the bet slip, choose your wager type, enter the bet amount, and tap “Place Bet.” With these simple steps, you can easily sign up and start betting on BetMGM Sportsbook.

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?

 

When considering whether you can trust BetMGM Sportsbook, it’s important to look at both user reviews and the company’s background. BetMGM has a strong reputation in the sports betting industry, backed by MGM Resorts International, a major player in hospitality and gaming since 1987. The sportsbook is legal and licensed in multiple states, ensuring compliance with relevant laws and regulations.

However, user reviews on platforms like Trustpilot show mixed experiences. While some users praise the app’s ease of use and quick withdrawals, others report issues with customer service and account management. Despite these complaints, BetMGM offers a wide range of sports and betting markets, along with attractive promotions and bonuses.

The company also emphasizes responsible gaming, providing tools to set limits on deposits and wagers. With a highly rated mobile app and extensive customer support options, BetMGM aims to offer a reliable and secure betting experience. Overall, while there are some negative reviews, the strong backing and legal compliance make BetMGM a trustworthy option 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 boasts a strong management team led by Adam Greenblatt, the Chief Executive Officer. Adam brings extensive knowledge in omnichannel gaming and sports betting from both sides of the Atlantic. His experience includes significant roles at Entain Holdings and Ladbrokes Coral, where he led key transactions and strategic partnerships. Adam’s determination and vision are expected to help BetMGM establish a prime position in the evolving U.S. gaming market.

Matt Prevost, the Chief Revenue Officer, is responsible for driving revenue across all business channels. He combines brand leadership experience with expertise in Europe’s competitive betting environment and a deep understanding of the U.S. consumer landscape. Matt’s role is crucial in acquiring and retaining customers while providing superior customer experiences.

Karen Baumwoll, the Chief Human Resources Officer, focuses on the success of BetMGM through its people. She is known for her high energy levels and emotional intelligence, bringing extensive HR experience from high-growth businesses. Karen’s expertise includes strategy execution, change management, and leadership coaching.

Gary Deutsch, the Chief Financial Officer, joins BetMGM from LiveIntent. He has a background with large companies like Disney and Lucent Technologies and understands early-stage venture capital and private equity-backed startups. Gary’s role involves managing financial operations and supporting the company’s growth.

Witek Wacinski, the VP of Strategy & Development, monitors market trends and advises the CEO and executive committee on strategic developments. He is responsible for business and corporate development, including securing market access and strategic partnerships. Witek’s insights help BetMGM stay ahead in the competitive gaming industry.

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.