BetMGM promo code: New sign-ups can score up to $1,500 in bonus bets

Discover how new customers can get up to $1,500 paid back in bonus bets for the Michigan vs. Indiana Big Ten matchup with the latest BetMGM promo.

Finally, the NBA, NFL, college football, and college basketball are all back in action, meaning it is one of the best times of the year for sports betting in Pennsylvania !

And because of this, BetMGM has launched one of the most competitive first-time user promotions in the industry. New users can bet and get back up to $1,500 if their first, promotion-qualifying wager loses. However, if they win, they get to keep the winnings.

If you're curious to learn more about this BetMGM new user promo , keep reading below to find out how to access it and other pertinent details.

What is the BetMGM promo? As mentioned above, this BetMGM promo is one of the most generous promos in the industry, as no other sportsbook is currently offering that much (up to $1,500) in no-sweat bonus bets.

The promo is very straightforward: new customers can wager between $10 and $1,500 on any sport or market that BetMGM offers.

If their bet wins, the promo is voided, and you get to keep the stake and winnings. If the promotion-qualifying wager loses, BetMGM will credit your account with the amount of the stake up to $1,500 in bonus bets.

The bonus bets will be divided into increments of five (5). For example, if you wager $1,500 on the Michigan Wolverines to win on the moneyline , but they lose, BetMGM will credit your account with five (5) bonus bets of $300 apiece.

This helps new users not have to sweat as much with their bonus bets, as some sportsbooks only give back one giant bonus bet.

BetMGM Sportsbook promo terms and conditions Now, you are probably wondering if you are eligible for this BetMGM promo.

Let's go through the terms and conditions and the bonus bet details.

Most importantly, you have to use our promo code "" when signing up to access the promotion. There's more on that later.

Additionally, a potential BetMGM customer must be a first-time user to the sportsbook, and while that seems fairly self-explanatory, it never hurts to reiterate this point.

Further, they have to be 21 years or older and physically located in a state that has already legalized online sports betting when they place their promotion-qualifying wager as well as any other subsequent bets.

We have detailed a list of those states in which BetMGM has a license to operate below.

Other important terms and conditions include a betting odds minimum (-200 or longer) on the promotion-qualifying bet and an initial deposit minimum (at least $10).

Regarding the bonus bets, they will expire after seven (7) calendar days from issuance to your account, so use them quickly.

They are also non-withdrawable and have a playthrough requirement, meaning you can't pull it out as cash once they are credited to your account. It only becomes cash after (if) you have won a bet with your bonus bet.

Lastly, the bonus bets are credits to your account, meaning if you win, you will only be paid out the winnings and not the stake.

Here are the aforementioned states in which BetMGM Sportsbook operates:

Arizona, Colorado, Washington DC, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming

How to access BetMGM Sportsbook promotions If you are overwhelmed by all of this information, don't worry. We have broken down how to access this BetMGM Sportsbook promotion below into four simple steps. Check them out:

Find our BetMGM promo code () and copy it. Then, click on the huge "Get Bonus" button on the BetMGM banner at the top of this page.

There will be a sign-up button to click on once you are redirected to the BetMGM main page. Click on that and go through the registration process, which will require you to input some basic information.

After you set up your account, deposit at least $10 into it so that you meet that particular eligibility requirement of the BetMGM promotion.

Lastly, simply place a bet between $10 and $1,500 on any sport, player, or team that BetMGM offers. If your bet wins, you keep the stake and winnings! If you lose, BetMGM credits your account with the amount of the stake up to $1,500 in five separate bonus bets (20% of the stake each).

Now, let's move on to our best bet of the week, featuring a Big Ten college football showdown between the Michigan Wolverines and the Indiana Hoosiers.

Michigan vs. Indiana betting at BetMGM And the Hoosiers keep on rolling. After being down 10-0 at the end of the first quarter, the Hoosiers rattled off 47 unanswered points. 47. Indiana has improved to a 9-0 record and hosts a very average Michigan Wolverines (5-4) team at "The Rock" on Saturday.

Despite being ranked as the No. 9 team in the nation in the preseason, the Wolverines have floundered this season. The Wolverines have had inconsistent quarterback play all season, which has allowed opponents to stack the box and force either Jack Tuttle, who has now retired from football, and Davis Warren to make plays in the air. The results have not been good, even with a sensational receiving option in Colston Loveland.

Now, Michigan travels to Indiana to take on a Hoosier team that just dismantled Michigan State (47-10), a team that the Wolverines barely squeaked by on their home field (24-17). Indiana is -14.5 on the point spread against Michigan.

What's worse is this is a matchup nightmare for Michigan. The Wolverines have the 13th-worst passing grade alongside a very mediocre pass blocking unit.

The Wolverines have a terrific running back room but the Hoosiers will stack the box, lean on their secondary to lock down Michigan's receivers, and focus on stopping the run.

Indiana has the sixth-best run defense grade (PFF) and ranks second in the country in opponent rushing yards per game overall and first in the nation over the past three games.

Further, Michigan's secondary has been incredibly suspect, ranking 78th in opponent passing yards per game and boasting the 90th-best coverage grade, per PFF.

Indiana has been the best team in the country at covering the spread with an 8-1 record. I still believe the Hoosiers are undervalued, especially since this game could be the determinant factor on whether or not they make the CFP.

Best bet: Indiana Hoosiers -14.5 (-110, BetMGM)

Summary of BetMGM Sportsbook promotions While most of this promotion has been pumping up BetMGM's first-time user promotion, and rightfully so, there is a lot more to like about the highly acclaimed sportsbook.

BetMGM has created a rewards points system on its sportsbook that offers customers the ability to get points back through betting. Those points can be used at any MGM resort, which is an added bonus to being a BetMGM customer.

Further, BetMGM does a phenomenal job of offering ongoing boosts and promos for new and existing users to help drive engagement and customer retention. Not all of the Pennsylvania betting apps put a huge focus on this, but BetMGM certainly does.

Find a list below that features some of those promos and boosts that are currently available: