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What is the BetMGM Sportsbook New Jersey promo?

The promo for BetMGM Sportsbook New Jersey is a $1500 second chance bet. Sign up with BetMGM, make a deposit, and place your first wager on any game. If that bet loses, you'll get your original stake paid back in Bonus Bets, up to $1,500. Example: Visit betmgm.com, sign up and deposit at least $10. Place your first wager. If it loses, receive up to $1,500 back in Bonus Bets after your initial wager is settled.

BetMGM NJ bonus

Sign-up bonus: Second Chance Bet Up To $1500
Promo code: No code needed
Minimum deposit: $10
Last updated: July 2024

Sportsbook overview

Sportsbook: BetMGM
Legal in New Jersey: Yes
Partner in New Jersey: Borgata Hotel Casino & Spa
Payment methods:
(+7)

Founded in 2017, BetMGM Sportsbook has been a mainstay in the sports betting world for some time now. The following year, BetMGM launched their sportsbook in New Jersey and it’s been a top choice among sports bettors in the state ever since.

In this review, we’ll go over everything you need to know before signing up for BetMGM Sportsbook, the variety of sports you’ll be able to bet on, along with the numerous promotions they offer for NJ players. So without further ado, let’s get into it.

How to sign up for BetMGM Sportsbook in New Jersey and get the promo

Screenshot of BetMGM New Jersey homepage

Signing up for BetMGM Sportsbook is a straightforward process that won’t take most users more than 10 minutes. All you need is a laptop or mobile device with internet access and you’re ready to sign-up.

  1. Navigate to the BetMGM Sportsbook New Jersey website by clicking the 'GET BONUS' button located at the top of our page.
  2. Complete the registration process to create a new BetMGM Sportsbook account.
  3. Deposit a minimum of $10 into your BetMGM Sportsbook account.
  4. Place your first wager on any game available in the sportsbook.
  5. If your first wager does not win, you will receive your original stake back in Bonus Bets, up to a maximum of $1,500.
  6. The Bonus Bets will be credited to your account once your initial wager is settled and confirmed as lost.

Terms and conditions of the BetMGM bonus in NJ

  • Participants must deposit a minimum of ten dollars ($10.00) to be eligible for the promo.
  • The Sports Promotion includes receiving up to $1,500 back in Bonus Bets if your first bet loses.
  • Only the first $1,500 of a participant's first real money bet qualifies for this promotion.
  • Bonus Bets cannot be withdrawn, cashed-out, and are forfeited when used to place another bet. They are lost if the bet(s) placed with such credits do not win.
  • Qualifying Bets using “Bonus Bets,” “Odds Boost Tokens”, “Parlay Boost Tokens”, “Same Game Parlay Boost Tokens”, “Bet Insurance Tokens” or “Bet & Get Tokens” will not be considered as a Qualifying Bet for this promotion.
  • Participants will receive Bonus Bet credits only if their first bet loses, up to a maximum of $1,500.
  • If the Qualifying Bet loses and is more than fifty dollars ($50.00), the participant will receive five (5) Bonus Bets back in equal denominations of 20% of the total amount of the Qualifying Bet.
  • If the Qualifying Bet loses and it is less than fifty dollars ($50.00), the participant will receive a single Bonus Bet back in a single denomination equaling the total amount of such Qualifying Bet.
  • Bonus Bets will be credited once the initial wager is settled.
  • This Sports Promotion is available from March 15, 2024, to December 31, 2024 to new BetMGM Sportsbook account users who are at least 21 years old, located in NJ.

Upsides of the BetMGM NJ promo

The BetMGM New Jersey sportsbook promo offers significant benefits. First, it provides a generous safety net for new users by offering up to $1,500 back in Bonus Bets if their first wager loses. This “Second Chance Bet” effectively reduces the risk associated with the initial bet, allowing players to bet more confidently. The process to claim this offer is straightforward: sign up, deposit at least $10, place your first wager, and if that wager loses, receive up to $1,500 back in Bonus Bets. 

This promotion is available to all new BetMGM Sportsbook account users who are at least 21 years old, not on any exclusion list, and are located in New Jersey. The Bonus Bets awarded can be used to place additional bets, providing an opportunity to explore the wide range of betting options available on BetMGM without the need to dip further into personal funds. This promotion is an excellent way for new users to get started with BetMGM while minimizing initial risks.

Other promos offered by BetMGM Sportsbook New Jersey

As one of the premier sportsbooks on the market, BetMGM offers plenty of promotions for their users. Their welcome bonus will get you off and running, but there are plenty of other promos worth looking into.

Before rushing into the NJ betting app to utilize these promotions, it’s important to remember that BetMGM requires all of their users to opt-in to each betting promo for NJ. Just click on the “Promotions” tab on their website or mobile app and you’ll be able to opt-in to whichever promo suits you. As long as there’s a gold “Active” button in the top-right corner of the promo, that means you’ve opted-in.

Here are the most common BetMGM offers in New Jersey.

  • Same game parlay insurance: There’s nothing worse than losing out on a parlay just because one of the legs failed to deliver. With BetMGM’s Same Game Parlay Insurance promo, this concern evaporates. Eligible parlays must be at least four legs in length (maximum of 10 legs) with minimum odds of +400. This promotion typically applies to whichever major sport is currently in season.
  • Parlay booster tokens: From time to time, BetMGM will offer booster tokens for parlays. Typically, the operator will only roll this promo out for a special sporting event (Super Bowl, NBA Finals, etc.). Applying one booster token to one of the parlays provided will add an additional 10 percent odds boost.

Yes, BetMGM Sportsbook is legal in New Jersey. It was just the second online sportsbook to go live in the state, opening up shop in 2018.

BetMGM betting app in New Jersey

Oftentimes, the most convenient way to place bets through BetMGM NJ is with their New Jersey mobile betting app.

BetMGM’s app is available for download on both Apple and Android devices. It holds one of the best ratings among applications in the Apple Store, earning a 4.8 out of 5 rating from users. On the Google Play Store, the betting app has a respectable 4.2 out of 5 rating.

The BetMGM betting app is free to download for Apple and Android devices.

How to download the BetMGM app on Apple devices

  1. Log in to the App Store via your iOS device with your Apple ID and password.
  2. Search for “BetMGM Sportsbook” in the search bar.
  3. Press “Get,” then “Install” and wait for the download to complete.
  4. Open the app, turn on your location services, and log in with your BetMGM username and password.
  5. Make a deposit with a method of your choosing and start betting.

How to download the BetMGM app on Android devices

  1. Log in to the Google Play Store on your Android device with your username and password.
  2. Search for “BetMGM Sportsbook” in the search bar.
  3. Press “Install” and wait for the download to complete.
  4. Open the app, turn on your location services, and log in with your BetMGM username and password.
  5. Make a deposit with a method of your choosing and start betting.

Deposit and withdrawal methods on BetMGM Sportsbook

BetMGM NJ offers a wide selection of payment methods to choose from. They accept 10 different deposit methods, along with four withdrawal methods. New Jersey’s deposit/withdrawal systems are similar to those found in other states.

Deposit methods for BetMGM Sportsbook include:

  • Mastercard, Visa, Discover credit, and debit cards
  • PayPal
  • Online banking
  • Apple Pay
  • MGM Rewards Mastercard
  • ACH (e-check)
  • PayNearMe
  • Bank Wire Transfer
  • BetMGM Play+
  • GAMEON Card

Withdrawal methods include:

  • PayPal
  • Online bank transfer
  • ACH (e-check)
  • BetMGM Play+

How to make a deposit

To make a deposit on BetMGM Sportsbook, click or tap the “Deposit” button in the top-right corner of your screen. Next, you’ll be able to select which payment method you’d like to utilize and how much money you’d like to put into your account.

BetMGM allows you to add $25, $50, $100, $250, or a custom amount. After selecting how much you’d like to deposit, head toward the bottom of the screen and hit “Deposit [amount].” All transactions made through the BetMGM website or app (deposit/withdrawal) must be at least $10.

How to make a withdrawal

Withdrawing money from your BetMGM account is similar to the depositing process, with just a few key differences. First, click your account icon in the top-right corner of the screen. You’ll then be given the option to deposit or withdraw money; click “Withdraw.”

After reaching the withdrawal page, you’ll enter the amount of money you’d like to take out and the payment method you’d like to use. Then, hit the “Withdraw” button at the bottom of the screen and your winnings are all yours.

Sports you can bet on with BetMGM Sportsbook New Jersey

Screenshot of BetMGM New Jersey Sport section

BetMGM Sportsbook offers 21 sports for users to place bets on, making it one of the largest selections on the market.

Under New Jersey state law, betting on college sports for in-state teams is not permitted. Rutgers, Princeton, St. Mary’s, and Fairleigh Dickinson are all off-limits, unfortunately. However, NJ residents are still allowed to bet on college sports out of state.

Here are the top options for players in New Jersey.

  • Football: The NFL is the king of the sports betting world in the United States; in New Jersey, it’s no different. The New York Giants and New York Jets both play their home games in East Rutherford, NJ, despite their New York origin. As the official betting partner of the Jets, BetMGM frequently offers Jets-specific promotions throughout the NFL season.
  • Basketball: Although New Jersey does not have any NBA teams in their state, there’s still a loyal Brooklyn Nets following in the state. The franchise played in NJ from 1977-2012 as the New Jersey Nets.
  • Hockey: The New Jersey Devils have had a devout following ever since their inception in 1982 when the Colorado Rockies moved to NJ and became the Devils. New Jersey has played in the Stanley Cup five times, winning it in 1995, 2000, and 2003.
  • Baseball: While New Jersey doesn’t have an MLB team, you’ll typically find plenty of fans of betting on the New York Yankees in The Garden State. The Yankees are one of the biggest brands in all of sports, having won 27 World Series titles throughout their storied history.

Does BetMGM have a retail location in New Jersey?

Yes, BetMGM Sportsbook does have a retail location in New Jersey. The BetMGM Sportsbook & Bar is located in the Borgata Hotel Casino & Spa at 1 Borgata Way in Atlantic City, NJ.

Our expert opinion on BetMGM Sportsbook New Jersey

BetMGM Sportsbook has established itself as one of the premier sportsbooks in New Jersey and the reasons are quite obvious. Their easy-to-use app is accessible to newcomers and betting veterans alike, and their unmatched variety of sports to bet on provides something for every bettor’s interests.

The operator stands out among their competitors with their promotions, and the parlay insurance is especially appealing. Parlays are a great way to get started in your New Jersey sports betting venture, but they can be daunting, especially when upwards of five different bets are involved.

BetMGM’s parlay insurance gives bettors some leeway by refunding their parlay wager if one of the legs fails to win. It’s great for new users and it adds new strategies to consider for long-time players.

It can be a bit of a hassle opting in for each promotion. Most sportsbooks automatically apply promos for users. Nevertheless, the quality of the promos offered by BetMGM, along with their wide variety of offers to choose from, more than makes up for the extra step users must take.

BetMGM is one of the most recognizable sportsbook brands on the market and their New Jersey operation absolutely meets their lofty standards.

Our rating of BetMGM Sportsbook New Jersey

(4.5)

Welcome bonus
(4)
Payment options
(5)
Sportsbook app
(4)
Variety & features
(5)
Customer support
(5)

Betting NJ has given BetMGM New Jersey an overall rating of 4.5 out of 5. This rating is based on the following criteria.

  • Welcome Bonus: Rating 4/5. The BetMGM New Jersey promo offers a generous $1,500 second chance bet, providing a robust safety net. However, its Bonus Bets limits and eligibility criteria restrict broader appeal.
  • Payment Options: Rating 5/5. There’s no shortage of payment options when using BetMGM. They allow users to choose from a wide variety of payment methods, for both depositing and withdrawing money.
  • Sportsbook App: Rating 4/5. BetMGM’s mobile app is simple in design, with enough depth to satisfy even the most experienced users. Its only downfall is how common the look of their app is; it doesn’t provide much nuance from what other sportsbooks provide with their apps.
  • Variety and Features: Rating 5/5. BetMGM offers everything you’d expect from a top-of-the-line sportsbook, and then some. With over 20 sports to bet on and plenty of promotions to choose from, there’s something for everyone here.
  • Customer Support: Rating 5/5. BetMGM’s around-the-clock customer support alleviates any stress newcomers may have when using the sportsbook. They have a vast FAQ section as well, where you find answers to nearly any question that may pop up during your time with the operator.

FAQ

How old do you have to be to use BetMGM Sportsbook in New Jersey?

You must be at least 21 years old or older to use BetMGM Sportsbook NJ.

Can I bet on any type of sport using BetMGM Sportsbook NJ?

Yes, you can bet on nearly any type of sport through BetMGM Sportsbook NJ. With 21 sports to choose from, their variety is truly unmatched. However, it’s important to note that NJ residents are prohibited from betting on college sports if it involves in-state teams.

Where can I find the latest BetMGM Sportsbook NJ promotions?

You can get the latest BetMGM promotions by frequently visiting this page or by checking the promotions tab on their mobile app or website.

Second Chance Bet Up To $1500
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