If you reside in a state that provides access to BetMGM and Caesars Sportsbook, you have the opportunity to access a substantial bonus package valued at up to $1,750. These offers cater to new users only and present various benefits.
The nice benefit is that they’re two different style offers — one is a “bet/get” which means you’ll get bonus bets regardless of your first bet’s outcome. The other, the BetMGM offer, is a first bet on the house, meaning you’ll get bonus bets equal to whatever you lost should your first wager on the platform lose.
Caesars Offer
Again, the Caesars offer is what we call a “bet/get” offer. That means you need to place a $50 wager, and regardless of what happens to that bet, you’ll get $250 in bonus bets. Here are the details:
- Available in your state with promo code LABSNEWSGET.
- This offer grants you $250 in bonus bets when you place a $50 wager.
- Bonus bets are released in increments of $50 every Monday until the full $250 is earned.
- Like BetMGM, only the profits from bonus bets are withdrawable.
- FanDuel: Bet $5, Get $200 in Bonus Bets + $100 off NFL Sunday Ticket!
BetMGM Offer
BetMGM’s offer stands out as it refunds your first bet in bonus bets up to $1,500. For example, if you deposit $300 and wager it on a game, you’ll either profit from your bet or receive a bonus bet refund if your bet loses.
Bonus bets are not withdrawable as cash, but you can use them for further wagers.
So let’s say you bet $500 on Penn State -15 as your first bet at BetMGM.
- If PSU covers, you’ll keep your $500 stake, and profit about $450 from the winning wager.
- If PSU doesn’t cover, you’ll be refunded $500 in bonus bets.
BetMGM will split those bonus bets into five, $100 bonus bets.
