The three things that you look for when attempting to grade a sportsbook are as follows.
First, overall betting options in terms of both types of sports and betting types. Second, would be the user experience of the application and ease of betting when using it. And lastly, a sign-up bonus that draws the consumer into the market. BetMGM grades highly on this scale making BetMGM Sportsbook one of the best online sportsbooks in the industry.
BetMGM’s strength in the industry, backed by the reputation of MGM, means they are able to partner with sports leagues across the country. In 2020, BetMGM partnered with the National Lacrosse League to bring fans the option to bet on Lacrosse! MGM also partnered with Yahoo!. In Michigan, BetMGM announced a partnership with the Detroit Lions.
BetMGM Sportsbook is able to compete with other popular sportsbooks, including DraftKings, FanDuel, and FOX Bet. Although it’s still finding its own with respect to odds, being backed by MGM means where there is room for improvement, a strong publicly-traded company backs the app.
Overall, BetMGM is strong across the board in the three most important aspects of a sports gambling app. The rating of this sportsbook is high and will be difficult to beat, especially as they continue to take market share.
Key Features Of BetMGM Sportsbook
Types of bets offered: Spreads, Moneylines, Futures, Totals, In-play, Prop Bets.
Does BetMGM Online Sportsbook Have a Rewards Program? Yes, betters will accrue M-Life rewards allowing them to earn personalized offers and perks at MGM resort casinos.
What Sports Leagues are Covered? NFL, NBA, MLB, NHL, NCAA, EP, MMA, and many more.
Mobile apps: Android and iOS. Web-version is available.
Deposit methods: Credit/Debit Cards, PayPal, Play+ prepaid card, Skrill, PayNearMe, cash at land-based casino,
Minimum deposit: $10.
Betting limits: Players are responsible for their own limits.
Other products available from sportsbook account:
- Full online sportsbook
- Online casino
- Physical Casino locations across the country
License Information: BetMGM is licensed and regulated in each state jurisdiction it serves. For instance, in New Jersey, BetMGM is licensed and regulated by the New Jersey Division of Gaming Enforcement.
Deposits And Cashouts At BetMGM Sportsbook
How Can I Deposit At BetMGM Sportsbook?
|Deposit Method||Minimum Deposit||How long for funds to appear in my account?|
|Online Banking||$10||Generally instant|
|Visa, Mastercard, American Express Credit Card||$10||Generally instant|
|ACH (eCheck)||$10||Up to 48 hours|
|PayNearMe with 7Eleven/MGM Casino & Resort Cash||$10||Cash – Instant|
The most commonly used methods are credit/debit cards and PayPal. However, BetMGM does have the BetMGM Paid+ Prepaid Card. You can apply for this card on the BetMGM website. The card automatically attaches itself to the Sportsbook account. The card can be funded with Visa, Mastercard, or ACH, and then funds the Sportsbook account in turn with the card.
My Credit Card Was Declined At BetMGM Sportsbook. What Do I Do?
A consistent issue that betters run into is their credit card companies will not recognize the transaction and reject it. This happens when sportsbooks open up initially, which is a very common initial issue to run into. In this case, try one of the following options:
- Using the BetMGM Play+ prepaid card
- Using a different credit card
- Using eCheck / ACH
How Can I Cash Out From BetMGM Sportsbook?
|Withdrawal Method||Minimum Cashout||How long for funds to appear in my account?|
|Online Banking/Play+ Prepaid Card||$10||Generally Instant|
|Check By Mail||$500||Up to 14 business days|
BetMGM deposit and withdrawal options are some of the best in the industry. Adding PayPal and Skrill for instant transactions as well as online banking gives players instant transactions with no fees.
In some cases, there are limits on how a bettor can withdraw or cashout depending on the method of deposit. For example, if you use PayPal or Skrill to deposit, you cannot request a cashout via credit or bank transfer to withdraw.
How Can You Play At BetMGM Online Sportsbook?
|Android App. BetMGM online sportsbook is available as an Android app. It’s available for download in the Google Play store for players in NJ, WV, CO, IN, TN, PA, and IA. However, those located in MI or VA will need to download the app directly from the BetMGM website.|
|iOS App. BetMGM’s iOS app is very well-regarded and is available for download from within the App Store for iPhone and iPad.|
|Browser. BetMGM online sportsbook can also be played from any major browser, including Chrome, IE, and Firefox.|
Common Geolocation Issues With BetMGM Sportsbook
In order to bet with BetMGM, you must be in the state that the app mandates. Once you are inside state borders you will be able to place a bet.
BetMGM has had issues with this in the past with one IOS reviewer saying, “The app tells me I am not in NJ every time I try to place a bet. There is no check location feature on this app.”
This is definitely something BetMGM should invest in because constantly having to open and close the app for location checks definitely grows tiresome.
What You’ll Probably Like About BetMGM Sportsbook
Arguably the best weekly promotion in the industry. Fans who bet $50 in a given week are given $10 free the following week! There are no odds restrictions and single bets are included in this promotion. Not to be confused with FOX Bet who offers a similar promotion but only on parlay action. You can qualify for this every week on BetMGM!!
User Experience Is Near The Top In The Industry
Taking application layout seriously is important and something BetMGM clearly invested lots of money and time into. The panels on the left side and bottom give bettors ease of access when choosing between different categories and sections.
Backed By MGM Reputation
MGM is one of the top companies in the gaming industry. This means bettors can feel confident when betting with the BetMGM Sportsbook.
Why You Might Choose A Different Online Sportsbook
BetMGM Sportsbook’s “No-deposit” Option Is A Casino-only Bet
You will see many “free $25 no deposit required” throughout the ad campaigns for BetMGM. This is only for casino bettors, not the sportsbook. This is important to differentiate. When you sign up for the sportsbook, there is no free bet without a deposit.
Higher Vig Than Other Sportsbooks
Vigs are tough to work around because sportsbooks are not exactly the most profitable business. Vigs are basically a commission on bets that are placed through their app. Many people claim that FanDuel and FOX Bet offer significantly better odds, which does not come as a surprise.
BetMGM has an extremely high overhead cost with its casinos. In some cases, be sure to check the odds on other websites before placing your wager.
BetMGM Sportsbook: License Information
Below is a list of states where BetMGM operates an online sportsbook and their license partner in each state.
|Colorado||Midnight Rose Hotel and Casino|
|Indiana||Belterra Casino Resort & Boyd Gaming|
|Iowa||Diamond Jo Casino|
|Michigan||MGM Grand Detroit|
|Nevada||MGM Las Vegas Properties|
|New Jersey||The Borgata Casino and Resort|
|Pennsylvania||No local partner|
|Tennessee||Licensed by TN Lottery with no local casino partner|
|West Virginia||Greenbrier Resort|
Sports betting regulation works differently in each state. What is consistent is that each state has a regulatory agency responsible for overseeing all gaming activity, including online sports betting. For example, all legal online sports betting in New Jersey is regulated by the New Jersey Division of Gaming Enforcement. The NJ DGE regulates all retail casinos and online gaming sites to ensure fair play for bettors.
In states where MGM has a casino operation, like in New Jersey, Nevada, and Michigan, the license comes under the MGM license. In states where MGM doesn’t already operate a retail casino, they must partner with a local casino. This is the case in West Virginia, where BetMGM operates in partnership with The Greenbrier. In Tennessee, BetMGM operates under an online-only license as there are no retail casinos in the state.