Welcome to our in-depth review of the safety measures that BetMGM provides. Security should one of your top priorities when seeking a reliable sports betting site or mobile app.
- Betting on lots of niche sports
- Bet editor and cash out tools
- High-quality betting app
- Loads of props
- Live streaming
- Odds are often below average
- Payout times should be quicker
You should go for a licensed sportsbook that is tightly regulated and holds a reputation for paying bettors out in full on a long-term basis. This BetMGM review will highlight the safety and security the site features, assess its reputation in the betting community and provide a guide to the betting options and bonuses available.
What is BetMGM?
BetMGM is an online casino and sportsbook brand that operates in the USA. It has two joint owners: MGM Resorts International, a company that owns properties including Bellagio, Mandalay Bay, MGM Grand and Borgata; and Entain, a British company that owns Ladbrokes, Bwin, Coral, Sportingbet and PartyPoker, among other online gambling brands.
It has the top performing online casino in various states. The sportsbook uses Entain’s in-house tech, which also powers sites like Ladbrokes and Coral. There is a BetMGM racebook in some states too, and some states have BetMGM Poker, so it covers all the online gambling bases. However, it is not available in every state. You can find BetMGM in:
- New Jersey
- New York
- West Virginia
BetMGM was founded in 2018. It was called PlayMGM when it first launched, but it has been known as BetMGM for a few years now. It has lots of famous brand ambassadors, including Wayne Gretzky, and it has invested in commercials starring Jamie Foxx.
Is BetMGM a Legit Betting Site?
BetMGM is legit as they come. It is co-owned by two of the world’s largest gambling companies. MGM Resorts is a member of the S&P 500, and Entain is a constituent of the FTSE 100 in London.
Both companies can trace their roots back for many decades, and they hold trustworthy reputations for paying customers out on time. BetMGM holds sports betting licenses in all of the states mentioned above, so you’ll be covered by local consumer protection laws.
Is BetMGM a Safe Betting Site?
You are guaranteed a safe, reliable and fully protected online gambling experience at BetMGM. The personal details collected via the BetMGM mobile app and online sportsbook is stored on secure server in the USA.
The servers are protected by firewalls and other strong security measures. The site is encrypted using the latest SSL technology. No site is impenetrable, but BetMGM has never suffered a security lapse and it has a 100% track record of keeping players’ details safe.
You should, of course, follow the steps we advise all readers to take: choose a strong, unique password that does not pertain to key personal details, such as your date of birth, and change it every few months. Do not duplicate passwords on different sites. Try not to login on a public computer, and if you do, make sure you logout before leaving the computer.
What Deposit Options Does BetMGM Provide?
BetMGM has a wide array of traditional deposit options for its customers. It does not accept crypto – you will have to use a site like BetUS or BetOnline for that – but it accepts most other common payment methods.
American Express, Discover, Mastercard and Visa are all available as BetMGM deposit methods. You can send an e-check or an online bank transfer too. There is a BetMGM Sportsbook Play+ card, which you can sign up for on the site. That allows you to make instant deposits.
Additional options include PayPal, Skrill, PayNearMe at a nearby store or cash at the casino cage or retail sportsbook kiosk. That is a good option if you happen to live near one of its properties, such as Borgata in Atlantic City, MGM Grand Detroit or its various casino resorts on the Las Vegas Strip.
How Are Withdrawals Processed at BetMGM?
BetMGM does not charge for deposits or withdrawals. You can visit the cashier area of the BetMGM website or app and request a payout. It will take the team 3-5 days to consider and approve your request.
That makes BetMGM a slow sportsbook to process withdrawals. By contrast, the likes of BetOnline will often get your funds to you on the same day you request them, so a BetMGM account is not quite as liquid as other sports betting accounts.
You can get paid out using your Play+ account or via a PayPal or Skrill e-wallet. BetMGM can also send you a bank transfer or an e-check, but that is slower. An alternative is to go to the casino cage for a cash payout.
What Welcome Bonuses Does BetMGM Offer?
BetMGM runs a standard $1,000 risk-free bet offer for all new customers. This is identical to the sign-up bonuses at FanDuel and WynnBET.
As we explained in our FanDuel review, it is not exactly free of risk. You need to deposit your own money and then risk it by placing a bet in order to qualify. If your bet loses, you will receive a 100% refund up to $1,000. However, if it were a genuine risk-free bet, you would be refunded in cash, allowing you to walk away. That is not the case.
Instead, you are refunded in site credit. You then have to roll the site credit over once, and you can keep any winnings you earn, but your bet tokens are not included in the return. That means you will need to place successful bets at odds of +100 just to break even. Nailing a winning bet at +100 is not necessarily easy, so this is not a real risk-free bet.
Having said that, it is still a strong offer from BetMGM. It’s also worth us pointing out that BetMGM runs short-term sign-up offers too, such as “Bet $10, Get $200” deals. For example, you could bet $10 on a football game and get $200 in free bet credits if a touchdown was scored in the game. That was a very appealing offer, and BetMGM is expected to launch more bonuses of that nature in future.
What Loyalty Bonuses Do BetMGM Customers Receive?
You will join the MGM Rewards loyalty program when you sign up with BetMGM. The program is not just for BetMGM customers, as you can accumulate points when visiting MGM Resorts venues and at hotels owned by the Hyatt chain.
You will earn points for placing bets, along with tier credits. When you earn enough points, you can trade them for free bets or other rewards. When you earn enough tier credits, you will move up to a higher loyalty level, resulting in better bonuses and a superior points redemption rate.
BetMGM also provides a huge collection of bonuses for all customers. When we wrote up this BetMGM review, it was offering:
- A $10 free bet for wagering $25 on an NBA game.
- A $25 risk-free bet for the Daytona 500.
- A $50 cash refer a friend deal.
- $10 in blackjack credit for betting $25 on an NGL game.
- A $10 free casino bet for wagering $20 on any sport.
- A $10 free bet each week for wagering $50 in the previous seven days.
- Same game parlay insurance on football, basketball and soccer.
- A boost of up to 40% on successful 4-7 leg parlays.
- Daily odds boosts on sports events.
No other online sportsbook provides more bonuses.
What Sports Does BetMGM Feature?
BetMGM features a comprehensive list of sports. It covers football, basketball, baseball, hockey and soccer in remarkable depth. You will find all the most popular leagues in the USA and Europe, along with a variety of unheralded tournaments. The sheer volume of sports events to bet on each day is dazzling.
Its tennis, golf, motorsports, MMA and boxing sections are also very thorough. BetMGM accepts bets on lots of additional sports too, including athletics, Aussie Rules, cricket, cycling, darts, handball, lacrosse, rugby league, rugby union, snooker, table tennis, water polo and winter sports like curling, skiing and figure skating.
What Wagering Options are Available at BetMGM?
BetMGM provides more markets than most other sportsbooks in the world. There are hundreds of different bets you can place on a single game, all neatly divided into easy-to-read sections.
You can browse dozens of props and alternative lines, and a “One Game Parlay” builder lets you roll multiple predictions on the same game into one bet. It has loads iof futures betting markets too, so you will find almost any wager imaginable.
Does BetMGM Provide Live Betting?
BetMGM has a wide-ranging live betting section. You can wager on more than a dozen sports in-play most days. Live streaming is available on NBA games and various other sporting events.
The live betting section is full of wagering options too. The only downside is that pages can be slow to load at times, so you may miss the opportunity to seize particular lines before they change.
Does BetMGM Have a Casino?
BetMGM has the most popular online casino in the USA right now. It is only available in four states – Pennsylvania, New Jersey, Michigan and West Virginia – so it you are in another state, you will have to use a site like BetOnline, BetUS, MYB Casino or Bovada.
If you are lucky enough to live in Pennsylvania, New Jersey or Michigan, you will be able to play hundreds of great casino games at BetMGM. The range is much smaller in West Virginia, and the Mountain State does not have live dealer studios.
BetMGM has an in-house progressive jackpot network, which sometimes offers seven-figure payouts, and it is an exceptional all-round casino. There is a BetMGM poker room in some states too.
What Special Features Does the BetMGM Site Include?
BetMGM has a unique feature called Edit My Bet. It allows you to edit an open wager, so you can change your stake, add or remove a team from a parlay, or swap a specific part of a bet. You can also cash out open bets before the game has finished.
The live streaming service is very good. There is also a “One Game Parlay” builder tool, and you can browse pre-game stats on basketball and soccer to help you with your picks. It has a blog too.
What are the Key Strengths of BetMGM?
BetMGM’s key strengths include the extensiveness of its sporting coverage. This sportsbook accepts bets on more events than most of its challengers, and it provides more wagering markets on individual games.
It has more features than almost any other sportsbook on the market, and Entain’s in-house tech is impressive. BetMGM is a safe, legit site that offers a secure connection and dependable payouts. The customer service is great, the bonuses are huge, it has a strong loyalty program and it has a world-class online casino, racebook and poker room.
What are the Weaknesses of BetMGM?
The main weakness of BetMGM is that it is only available in around a dozen states. If you are not in one of the states listed above, we recommend BetOnline, BetUS or MyBookie.
Another downside is that the website and app can sometimes buckle under the sheer weight of information contained on each page. That means pages are sometimes slow to load, which can be frustrating when betting on live events.
It is slower than many online sportsbooks to process payouts. They are secure, but it can be frustrating to wait for days on end to receive your money when other sportsbooks pay out instantly. Sometimes the odds could be better too.
Is BetMGM a Reliable Online Sportsbook?
BetMGM is a reliable online sportsbook. It passed our security tests with flying colors, and we were able to receive withdrawals without any problems. The brand is owned by industry titans, and it has cover any winnings its customers earn.
It is one of the best online sportsbooks we have reviewed at BetMGM. There are a few drawbacks mentioned above, but it is a very trustworthy and reliable sports betting and iGaming site.