Reviewed by: Ben Miles
One of the first Colorado online sportsbooks to launch, BetMGM caters for all kinds of sports fans in the Centennial State. There’s a big range of sports to dive into alongside serious depth when it comes to betting markets. Add to that the attractive design and sleek mobile app, and you have an an online bookie that deserves to be on your radar.
Want to know more about what you can expect at BetMGM? You’re on the right page because we’re about to break down the essential details on the sportsbook, from its welcome bonus to the banking methods supported at the site.
It’s no surprise BetMGM ticks so many of the right boxes as a sportsbook. After all, it’s co-owned by land-based entertainment colossus MGM Resorts, and online gambling giant Entain. All this combined expertise is channeled into BetMGM Colorado, which provides not only a vast array of ways to wager, but also a rich selection of ongoing promotions and betting tools. We’ll look into specific features below, so get set to be impressed.
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BetMGM launches in May. Along with other big names such as FanDuel and DraftKings, it’s part of the first wave of online sportsbooks to start taking bets in the Centennial State.
The same year sees BetMGM become an official betting partner of the Denver Broncos.
A piece of legislation called Proposition DD is approved by Colorado voters, giving the legal green light for sportsbooks like BetMGM to set up shop in the state.
BetMGM welcomes new members in Colorado with a risk-free first bet offer worth up to $1,000. It’s simple to access: you just need to create an account, make a deposit and place your bet. If luck isn’t on your side, you’ll have the losing stake refunded in the form of a free sportsbook bet, up to a $1,000 cap. If your stake was less than $50, you’ll get the full amount in one free bet. If your stake was $50 or more, the value is split into denominations of 20% of the total value. So, if you make a first bet of $1,000 and lose, you’ll be reimbursed with five $200 free bets.
Go To BetMGM ColoradoWhile BetMGM’s risk-free welcome bonus can certainly help ease you into the site, there are plenty more deals available if you stick around. Head to the promotions page and you’ll see a regularly updated menu of offers. Among them is the Money Monday Club, which gifts you a $10 free bet every Monday, providing you place at least $50 in wagers the week before.
Event-specific promotions are frequently offered at BetMGM, such as for the Daytona 500, for example. This is why it’s worth regularly checking the promotions page to see what’s currently available.
You can currently bet on 30 different sports at this sportsbook. That’s a hefty number, giving BetMGM the edge over many rival sites. You can, of course, place bets on headliner events like NFL games and heavyweight boxing bouts. But you can also mix things up by seeking out lower-profile sporting categories like curling and water polo. The sheer variety available at BetMGM means there’s plenty to explore.
Being able to place bets while an event is underway is pretty much essential at top sportsbooks these days. BetMGM doesn’t disappoint on this front, with a tab that helpfully takes you through to all the in-play markets available at a given moment. From soccer and baseball to table tennis and volleyball, there’s usually plenty of action on offer. You’ll be able to drill down into the finer details of events as they unfold. For example, you might want to bet on who’ll win the next set in a tennis match, or even on how many points will feature in a particular set’s tie break.
Free live streams are also available on certain events, so you can watch all the action through BetMGM’s interface. You can quickly see what’s available to stream thanks to a specific tab within the ‘Live’ section.
On top of all this, BetMGM provides the cash out tool for many in-play selections. This means you’ll be able to close an eligible bet before the outcome is known, collecting whatever return is offered at that moment. Say your team is doing badly: you may want to cut your losses and cash out at least a small return rather than risk losing the whole stake. Alternatively, if your team is winning by a narrow margin, you may decide to play things safe and cash out. While you may get a lower return this way, it removes the risk of losing your stake in the event that the other team eventually wins.
BetMGM offers odds in line with the market average, as you might expect from one of Colorado’s leading sportsbooks. However, it’s worth looking out for occasional odds boosts that can provide better-than-usual returns on certain selections. These are often provided for big ticket events like the Super Bowl or World Cup Final.
At the time of writing, the site is also running a Parlay Plus promotion, which provides up to 40% greater returns on winning 4-7 leg parlays. What’s more, you may be able to maximize potential returns using the ‘Edit My Bet’ tool. This lets you change any straight and parlay bets that happen to be eligible for cash outs. You’ll be able to increase your stakes, swap out selections for those with better odds, and more.
While you can comfortably place bets through BetMGM’s website on your mobile browser, it’s well worth downloading the native betting app. It has the same, distinctively glossy look as the desktop site, with a plethora of tabs to make it easy to browse the various categories. Everything from in-play markets to live streams to bet boosts can be accessed with ease, wherever you are. Signing up is also simple. Once you’ve followed our link to create your BetMGM account, you can just download the app from Google Play or the App Store, for Android and iOS respectively. Then just log in using your details to get started.
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If you like an online sportsbook with a swanky feel, BetMGM may be the site for you. From the gold logo featuring the iconic MGM lion, through to the glossy sports imagery, it’s a site with real visual flair. Even more importantly, it’s very user friendly. You can browse sports categories across the top of the page and down the left hand side, with tabs directing you to special sections like live betting and promotions. All of this means you can get stuck into betting with the minimum of fuss.
We’ve already touched on BetMGM’s helpful ‘Edit My Bet’ tool. But you may also want to check out another special feature: ‘One Game Parlay’. This lets you rack up multiple same-game selections for eligible events.This allows you to back a team to win a particular game, and add on different player props for the same event if you feel like it.
We particularly like that BetMGM offers tie-in promotions for this feature. At the moment, you can access insurance for NBA and English Premier League one game parlays, allowing you to get up to $25 of your stake back in free bets if you combine at least four legs and one of them doesn’t go your way.
Go To BetMGM ColoradoBetMGM provides a variety of ways to deposit money into your account. These include using your debit/credit card or BetMGM Play+ card, using online banking, ACH/eCheck or PayPal, or paying by cash using PayNearMe. On top of this pretty standard spread of options, you can also fund your account using the BetMGM Gift Card.
The fastest withdrawal options, once you factor in BetMGM’s internal processing times, are Play+ card and PayPal. These should deliver your payout within six and 24 hours, respectively.
| Min deposit | Minimum Withdrawal Limit | Withdrawal Processing Time | |
| PayNearMe | $10 | N/A | N/A |
| BetMGM Play+ card | $10 | $20 | Within 6 hours |
| Credit/debit card | $10 | N/A | N/A |
| PayPal | $10 | $20 | Within 24 hours |
| Online banking | $10 | $20 | 1-3 business days |
| VIP Preferred (ACH) | $10 | $20 | 3-7 business days |
| BetMGM Gift Card | $10 | N/A | N/A |
| Check by mail | N/A | 7-20 business days |
Here’s hoping you won’t ever encounter problems while using the BetMGM site. But, should you ever need help resolving issues, it’s good to know that customer support staff are on hand 24 hours a day via live chat. You can also get in touch by email or BetMGM’s dedicated customer support Twitter account.
It does indeed, and it’s called BetMGM Rewards. As you bet, you can collect Rewards Points which can be used to obtain bonus credits and perks like hotel stays and free food and drinks at MGM Resorts. Placing wagers also lets you rack up Tier Credits, allowing you to rise up the rankings of the loyalty program and unlock more benefits.
Online casino gaming hasn’t been legalized in Colorado. So, while BetMGM does have an online casino offering, you’ll have to go to an eligible state like New Jersey in order to hit the virtual roulette wheels and blackjack tables.
Live streaming can be enjoyed through BetMGM’s desktop site and mobile app with no extra software required. All you have to do is create your account and make an initial deposit into your account to gain access to live-streamed sports.
