BetMGM Sportsbook Review NY

If you’ve heard of BetMGM and are wondering if it should be the new destination for your sports betting needs, then wonder no more as we cover the good, the bad and the ugly of BetMGM in our New York review. Our research team tested out the product on both desktop and mobile, playing around with the various features on offer. We also did all of the background checks on the legality and regulations of online sports betting in New York. So without further ado, here is our BetMGM New York review.

What we like about BetMGM NY sportsbook

• Easy navigation on website and app
• Wide range of sports to bet on
• Several deposit and withdrawal methods
• Several deposit and withdrawal methods
• Tremendous value with boosted parlays
• Excellent promos and bonuses

What could improve about BetMGM NY sportsbook

• nLive chat feature to become more prominet
• Faster withdrawals

Our Rating: 4.6/5

BetMGM NY Launch

BetMGM NY launch date: January 17, 2022. The MGM brand’s roaring golden lion is probably a universally recognized symbol by this point, and a behemoth in the resort and entertainment industry. Following the removal of all the legal roadblocks, they announced in January 2022 that they would be going through with the New York launch of their online sports betting property – that, of course, is the BetMGM New York sportsbook.

In their formal announcement, BetMGM New York pointed out that they were the official sports betting partners of the Knicks, Rangers, and Madison Square Garden Arena. They promised the following things:

• Unique experiences for New York customers that they can’t find on any other platform
• A user-friendly app experience
• The ability to customize all types of bets – in-game, futures, parlays, and the like
• Perks integrated with their traditional rewards programs, which means the ability to “redeem gameplay for world-class experiences at MGM resorts”
• VIP experiences at Knicks and Rangers games by virtue of their existing relationships with those teams and Madison Square Garden
• Resources for responsible gambling

In our deeply researched BetMGM NY review, our team has shone a light on some of these features, as well as others, and you will find them below.

Can I Place Bets On BetMGM In New York? 

Yes it is. BetMGM is among the early online sportsbooks to emerge in New York, a wave that began early in 2022 following the legalization of in-person as well as online sports betting in 2019. It is a fully licensed sportsbook.

The origins of online sports betting becoming legal in New York can be traced back to 2018, when the Supreme Court struck down the federal law that stopped online sports betting. While in-person sports betting had been legal at various US-based casinos since 2013, sportsbooks themselves weren’t allowed to have physical outlets until the 2018 ruling.

Since that point in US betting history, many states have begun legalizing online sports gambling and New York and a lot of in-person sportsbooks sprung up across the country. In November 2021, BetMGM New York was among the nine sportsbooks that were approved by the New York State Gaming Commission to set uponline sports betting sites, and launched with a few of those companies in January 2022.

Prior to these NYSGC approvals, the state of New York had also pushed through mobile sports wagering into law. As of March, several exciting moves have happened. The New York senate’s sports betting bill has opened up the possibility of a larger number of legal mobile operators, a decrease in tax rates for sportsbooks, and the opening of in-person sports betting kiosks at various professional sports stadiums.

In Which States Is BetMGM legal?

As of March 2022, BetMGM’s online sportsbook is legal in the following states:

Arizona, Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Michigan, Mississippi, Nevada, New Jersey, New York, Ohio, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming.

BetMGM New York Features

Cash-Out

Among the most rudimentary features that our researchers look out for is the cash-out option. This feature is simple to explain: it is the option to close out a bet that you think is on the verge of losing as the end of play approaches. The reason you would do this, of course, is if the game has suddenly swung out of favor for whomever you’re backing, or if you feel like your initial bet was too ambitious. BetMGM New York’s cash-out option offers a kind exit from any losing bets you’ve placed and helps you cut down your losses. But sports bettors must be careful when exercising this option – last-minute twists can go against you as well.

Live Streaming

Live streaming is not easy to crack in the best of circumstances, given all the legal battles required, and the bureaucracy involved in jousting for the rights to various sports across the world. In this regard, the BetMGM New York app, in particular, offers a sensational live streaming experience with coverage that reaches even the most obscure leagues in the world. During our BetMGM sportsbook review, we also saw that in the absence of live streaming, BetMGM provides play-by-play updates to keep New York bettors up to speed with the games they’re betting on.

Boosted odds

During the course of our review, we came across several examples of BetMGM offering boosts on odds. The odds boosts on regular events are pretty rare, but will sometimes show up when you’re testing out various combinations in your bet slip. If you want to keep an eye out for that, look towards the top right section of your screens, or on top of your bet slip if you’re using the BetMGM New York app.

Their most distinct boost offering is the parlay boost, where on 4-7 leg parlays, you will sometimes get a bonus of 40 percent, which is not a small amount.

Customer Service

BetMGM’s promise of providing resources for responsible gambling is still one to look out for as far as we’re concerned, as we think that it is far too peripheral in the current layout. We hope that they will improve on this quickly in the near future.

Apart from that, the customer service ticks all the boxes: there is email, phone, and chat support. The process begins with hitting the ‘Help & Support’ button which is available on pretty much every screen that we came across, and you can reach them by various methods using that button.

BetMGM Sportsbook Website Experience

Among the most important things we do when we review a sportsbook is rate the usability and the ease of finding your sports bet. While reviewing BetMGM New York, we noticed several things that made us rate them a full five stars in terms of ease of finding bets.

The top bar of the website alone offers two methods of finding sports – one is an elegantly designed row of icons depicting each sport, which changes depending on the relevance of the sport. So if it’s the NBA season one day, and a UFC fight night the other, the sport that appears first, or left-most, will change.

The other method is also found in the same row of icons, called the A-Z sports option, which gives you a simple dropdown where sports are arranged alphabetically. In the middle river, once again, the most relevant bets or matches are placed up top and require very minimal scrolling. The highlight of this content river down the middle is that any matches with promos or boosts are marked with a little golden tag. This could be a parlay boost, for instance, and it points you to the best offers with ease this way.

It is not easy to fit in a lot of information on desktop websites without breaking some rules of design at the very least, but BetMGM have done a good job in fitting all of this, and also a little media player box on the right. Our verdict is that BetMGM’s website is simple, elegant, and extremely functional. This puts it in line with the top betting sites in New York.

What we liked about the BetMGM NY website:

• Ease of navigation
• Offers and boosts discoverability

What could be better about the BetMGM NY website:

• Live streams take some effort to find
• Help & Contact button not prominent enough

BetMGM Sportsbook Mobile App Experience

Our team’s research of the BetMGM online sportsbook felt like an extension of reviewing some of the other top sportsbooks in the world. This was because the app, as you would expect from a company like MGM, was sleek and light on our devices and a much simpler version of the website, with unnecessary information removed where necessary.

The BetMGM mobile app is available to download on all major app stores – namely Google’s Play Store and Apple’s App Store – but was also available with a simple visit to the mobile website.

Much like the website experience, the BetMGM app put the main events front and center. The login process was easy enough, the contact support button was surprisingly easier to find on the app than on the website, and all the featured bets for the day were easily visible. The same applied to parlay boosts, which is one of their big draws.

Overall, the number of clicks required to place a bet was low, which is the sign of a platform that has invested time in enhancing user experience. This can especially come in handy when you’ve lost control of your day and haven’t had a chance to cash in on the odds hours before a game – the necessity of getting good odds for a game you are certain about is vital, and the BetMGM New York app delivered on that front.

What we liked about the BetMGM sportsbook app:

• Ease of navigation
• Offers and boosts discoverability
• The prominence of the support button

What could improve about the BetMGM sportsbook app:

• Finding prop and futures needs a little bit of extra effort

BetMGM New York Bonuses And Promotions

BetMGM New York has had several enticing bonuses and promotions right off the bat since its launch. Here is a list of some of the best bonuses and promotions that you can avail:

Welcome Bonus – $1,000 risk bonus bet

This is, by far, one of the best welcome bonuses we’ve seen across a vast array of sportsbooks available in the US. The beauty of this bonus is its simplicity.

You merely have to sign up with BetMGM, download either their Android or iOS app, and make a deposit into your account. As soon as you’ve done that and placed a minimum bet of $10 on a real-world sporting event as your first bet, you are insured up to $1000.

Does that sound a bit unreal? It did to us, and it’s one of the strongest indicators of BetMGM NY sportsbook making big leaps in the near future. In short, your first bet between $10 and $1000 is classified as a bonus bet – which means that if your first bet loses, BetMGM will pay you back the entire amount, essentially making it a bonus bet as advertised.

You will be paid in bonus Bets, which are classified as house credits that cannot be withdrawn, but can be used to place bonus bets on other sports. As long as you use the received credits on a loss within 7 days, you’re good to go.

You do not need a BetMGM NY bonus code to avail your $1,000 first bet bonus – it is as simple as signing up and placing a bet.

Pro tip: If you have a $1,000 bonus bet, there are no circumstances under which your first bet should be anywhere below $1000!

Money Monday Club – $10 Bonus Bets Every Week In 2022

Another thing we discovered during our BetMGM online sportsbook review was the Money Monday Club – a promotional program that you can find within BetMGM’s app once you’ve created an account.

It’s simple – you opt-in to the program, place wagers totaling $50 for sporting events that are happening during that week, and BetMGM gives you $10 in bonus bets. That’s it! You can use these $10 bonus bets to place wagers, but it will not be part of your winnings when you are withdrawing them. In short, it is an extra, free shot at rewards without staking any of your actual cash.

Parlay Plus 40 Percent Boost 

At various points during the year, BetMGM New York sportsbook will offer you the Parlay Plus, a reward system that boosts your gains up to 40 percent. This comes up in various forms throughout the year, either for specific leagues, specific sports, or sometimes across multiple sports.

It typically works in this manner: you opt-in and place a 4-7 leg parlay bet on any combination of outcomes, or across multiple sports. Winning parlays will be boosted by upto 40 percent by BetMGM NY sportsbook, no questions asked.

Exclusive MGM Resorts Discounts & M Life Rewards System

Due to its significant relationship with MGM Resorts in Las Vegas, BetMGM offers its players access to exclusive discounts to a dozen hotels, the MGM Borgata casino, and MGM resorts across the Las Vegas Trip. For a two-night minimum stay, bettors can get upto 20 percent off to any of the listed properties, plus food and beverage credits. These offers are inclusive of MGM’s various betting and gambling venues.

All of this is facilitated with MGM’s award-winning loyalty program M Life. Just like you would accrue loyalty points in this system while engaging with any of MGM’s products, you will now be eligible to earn credits, move up tiers, and get exclusive discounts and comped rooms through your M Life Rewards System membership.

Casino Perks

When you sign up with BetMGM New York, you get automatic access to all of its casino and poker offerings across the USA. Some of these come up with first-time usage bonuses too, so make sure to explore a whole new side to wagering if you’ve, so far, only been a sports nut.

BetMGM Referral Program: $50 Bonus For Each Friend

Another perk of using BetMGM NY sportsbook is that, like many of the top sportsbooks we’ve seen across the world, they offer a generous referral bonus. If you get friends to sign up with your invite link, you receive $50 when they sign up and place $50 worth of wagers within 30 days of signing up. You can do this with upto 20 friends, so that is a potential $1000 worth of cash you could receive through just getting people on board.

The caveat at the moment is that this only works with players who reside in the same state as you. So if you’re a player based in New York, you will only be eligible for this referral bonus if the people you invite reside in and register from New York. We think this is a little bit of a downer in comparison to other offerings in the sports betting industry, but given the gray area with respect to sports betting laws across state lines, we see why it was necessary.

What Kind Of Bets Are Available At BetMGM?

One of the things our researchers look for when scoping out a sportsbook is how many different types of bets it offers to online bettors. This is another area in which BetMGM New York competes with the world’s best. Here’s a quick summary of all the different types of bets available on BetMGM sportsbook. Most important to note is that almost all of them are available for all sports.

Straight Bets

The most commonly placed bets – especially for new online bettors – are the straightforward result oriented ones: moneylines, point spreads, totals, over/under, and futures. If you don’t want to get into the nitty-gritties of deep analysis and research, and simply want to back your hunch for, say, the winner of the NFL season, or the finalist of the UEFA Champions League, the straight bets are always front and center and the easiest types of bets to place.

Live Sports Betting Markets

BetMGM offers an extremely streamlined, simple interface when it comes to live sports betting. If you aren’t familiar with the concept, the clue is in the game; these bets are placed during the course of the match, for example the number of touchdowns to come in the remaining period of play, or the number of goals that either team will score before the end of play. The odds fluctuations were well-oiled and placing a bet was generally a matter of two clicks.

Prop bets

Whether you’re an experienced online bettor or a new one, you are always on the hunt for longer odds on outcomes you believe in. A popular way of achieving this is finding a prop bet, which is based on specific players, statistics, or periods of play going a certain way – for example, the quarter in which a player might pick up most points.

Boosted Parlays

As mentioned in this review, BetMGM goes really big on parlay bets. Parlay bets are nothing but bets that are strung together, either across a single match or multiple matches, that must ALL come true for you to pocket your gains. This is a strategy used by experienced bettors to increase the proportion of rewards from a singular stake, and perhaps the closest example to compounding interest in the betting world. BetMGM offers significant boosts on such bets – up to 40% bonuses on 4-7 leg parlays!

BetMGM New York Sportsbook: List Of Sports

The BetMGM NY sportsbook has several major sports, as well as a lot of minor league and college sports available. Some of these are subject to whether the season is on or off, of course, but it is an extensive list.

Which Sports Are Available On BetMGM New York?

• NFL Football
• NCAA Football
• NBA Basketball
• NCAA Basketball
• NHL Hockey
• NCAA Hockey
• MLB Baseball
• NCAA Baseball
• Boxing
• Formula 1
• Golf
• MMA
• Nascar
• Rugby
• Soccer – English Premier League, UEFA Champions League, FIFA World Cup
• Tennis
• Entertainment and novelty bets – Oscar winners, Elections

BetMGM New York Deposit And Withdrawal Methods

BetMGM New York is a fully regulated and secure sportsbook, since it is operating directly under the ambit of the NYSGC. As a result, you will find all the traditional and numerous deposit and withdrawal methods on it.

Deposit Methods

The highlights of BetMGM New York’s deposit methods is the availability of both PayPal and Skrill. This is generally not a common feature in the world of sportsbooks and online betting, so it is a massive plus in our BetMGM New York review. All deposits are instant and free.The following traditional deposit methods are available, with the minimum deposit amount being $10:

• Wire transfer through customer service
• Visa
• Mastercard
• American Express
• Discover credit card
• Neteller
• Play+
• Paypal
• Skrill
• Cash deposits at physical MGM properties
• PayNearMe
• E-checks

Withdrawal Methods

Once again, a massive plus for BetMGM New York is that their withdrawal banking methods include both PayPal and Skrill, which is not an option with a majority of the sportsbooks that we have reviewed in the past. The one downside is that withdrawal processing times take anywhere between one to five business days to be processed with a majority of the methods. Only Play+ card withdrawals are instant. Here is the full list of withdrawal methods available on BetMGM New York:

• Wire transfer through customer service
• Play+
• Paypal
• Skrill
• Cash withdrawal at MGM properties
• Checks via inland mail

BetMGM New York Sportsbook: How To Play

We found that the onboarding process for a BetMGM sportsbook account was simple and involved little-to-nothing in terms of a learning curve. The interface and the flow were simple and in line with user experiences that you’ll have had through many years of being on the internet.

Since the various bonuses are automatically initiated and don’t really require any BetMGM bonus codes, there are a few avenues of registration when trying to get onto the platform. You either head over to their website directly, or click on the referral link you’ve received. The third alternative is to download the BetMGM app on either your Android or iOS mobile.

Upon getting past that first barrier, you will have less than 4 steps to begin playing:

1. Click on the ‘Register’ button, which is easy to find no matter which platform you’re on. The first step involves basic details like your name, email, and date of birth; the legal minimum age to use BetMGM sportsbook is 21 years old.
2. With the initial screening step out of the way, you will then be asked to provide further, more in-depth details, to both make and prove your identity on the platform. This involves creating a unique username and password, and giving BetMGM sportsbook your mobile number and the last four digits of your SSN.
3. In the penultimate step, you will be asked to provide your permanent address. Remember that BetMGM’s online platforms are legal in only the states that we’ve mentioned above, you need to be residing in one of those states to be able to play legally.
4. The final step of the process is formalities like giving your consent for the privacy policy and accepting the terms and conditions. At this step, you may also be asked to set upto two security questions to add an extra layer of protection to your account. This is a rudimentary step that you will be familiar with, but if you’re not, remember the golden rules: keep the questions and answers unique to your life and identity, and NEVER reveal important personal info about your life on the internet.

BetMGM New York FAQs