BetMGM NY Bonus Code: SHARP for May 2022

$1,000
Risk-Free Bet - T&C's Apply
4.5
Overall
Bonuses and Promotions
4.0
Odds VS. The Competition
5.0
Market Depth & Variety
5.0
Deposit & Cash Out
5.0
Mobile App
3.5

BetMGM New York

🏆 Best ForMarket Depth
💰 NY PromoSHARP
💍 Sign-Up Offer$1,000 Risk-Free Bet
🏀 NBA Playoffs OfferBet $10, Get $200 in Free Bets
(Code: SHARP)
📱 iOS App4.8 Stars w/ 87K Ratings
📱 Android App4.2 Stars w/ 5K Ratings
💸 NY Market Share~9% - 4th (Revenue Info)
🏢 Parent CompanyMGM Resorts International & Entain plc
Risk-Free Bet
Banking Options
Strong App

 

BetMGM NY Sportsbook Bonus Code May 2022

You can register using our BetMGM NY sportsbook bonus code: SHARP while you’re in New York State or any other location that legally allows BetMGM. The welcome offer is up to a $1,000 risk-free bet bonus. Any wagers $50 or over that lose will receive site credit split four equal ways.

You’ll need to provide your email, address, phone number, and other information so they can verify your identity if needed. Regulations require the apps to collect this information to ensure others are not falsely using your identity to play the sportsbooks.

💰 BetMGM NY Bonus CodeSHARP
💍 Promotional Offer$1,000 Risk-Free Bet
💵 Deposit Minimum$10
🔬T&C'sIf $1K first bet loses, you will get five (5) $200 free bets.

Additional terms & conditions apply.

Click to claim your Bet MGM New York Sportsbook Special Bonus Offer

Why Choose BetMGM New York Sportsbook?

BetMGM does not have the market share in comparison to the top three mobile sports betting apps. However, it’s certainly worth checking out what the platform offers. The website and mobile app have a very organized layout that matches the screen ratio. Many gaming desktop websites do not take advantage of widescreen use.

The Android app has seen stability improvements. That is reflected in score updates on the Google Play store, boosted to a 4.2-star average with over 5,700 ratings. During our recent testing on an Android device, we still noticed slower loading times than we see on its website and when compared to other competitors.

In terms of special features and promotions, BetMGM has very reliable promotions. Bettors that place at least $50 in wagers in a given week will receive a $10 Free Bet on Monday morning. A “Parlay Plus” features increases payout depending on the number of legs added to the first eligible parlay of the day.

What we’d like to see improve is customer service support. The Android mobile app lacks any direct communication with a CS representative. Quality of help can be inconsistent as well with mixed results during our testing with general betting and sign-up questions.

Pros and Cons of BetMGM New York

Why We Like ItWhat Should Improve
➕ Multiple layout formats for various display sizes➖ Android app suffers from slow loading times
➕ Unique betting markets in popular sports➖ Niche sports don't have as many unique markets
➕ Advanced single-game parlay builder➖ Customer service is very limited on the app
➕ Live betting is offered on numerous niche sports➖ Qualify of customer service lacking compared to the competition

See BetMGM in Action

4.0
Promos

The current BetMGM welcome bonus for New York is up to a $1,000 risk-free bet. Claim this offer using BetMGM NY bonus code SHARP. In order to receive the free bet, a deposit must be made into the account. By far the most common offer among online sports betting apps and sites in the US is a risk-free bet. And that’s exactly what the MGM sportsbook is offering across all states where they’re available. Here are other similar welcome offers from the competition:

A risk-free bet is a pretty sweet deal. You can place up to $1,000 on your first sports bet without worrying about whether it wins or loses. If it wins, you win. If it loses, you receive your money back as bonus cash with which you can do what you will.

There are two caveats. One, the bet is refunded as bonus money – it can’t be withdrawn immediately. Two, you must place the risk-free bet on odds that are -200 or longer. That means if the moneyline or prop bet is a heavy favorite, it likely won’t be eligible. Teams favored by a touchdown or more in the NFL will often carry a moneyline beyond -200 odds.

On the other hand, at the DraftKings and BetRivers sportsbook apps, they’ll match your deposit by a certain percentage up to a minimum amount. So instead of one risk-free bet, you can place as many bets as you want with free bonus money. To us, that’s a better offer as the money is given directly to your funds instead of limited site credit.

At DraftKings, they match your first deposit by 20%, and bettors can receive up to $1,000. At BetRivers, they match your first deposit by 100% up to $250.

Current Promotions

 

All the following promotions are for current bettors after completing the welcome bonus. The general rule is any free bets, bonus money, or site credit cannot be used toward promotions. That holds true with BetMGM.

Money Monday Club (Bet $50 to Get $10)

One of the easiest promotions to take advantage of is the Money Monday Club. Place at least $50 in bets during an entire week (from Monday to Sunday) to receive a free $10 bet on the following Monday morning. This long-running bonus is scheduled for another full year, so New York bettors can take full advantage when BetMGM goes live.

Referral Program

BetMGM New York also features a referral program. It’s a more traditional system where both users will get $50, but there are stipulations. The new user that receives a referral must register and make a deposit into their account. Then, they must play through their $50 bonus in order for the user that sent the referral to get their $50 bonus. These tasks must be accomplished within a 30-day window.

5
Odds

That’s a tough question to answer because odds vary from one sportsbook to the next. However, it is easy to compare BetMGM to other sportsbooks and draw some general conclusions. Fortunately, most major brands offer competitive odds, and BetMGM is among them. Here’s an overview of the sportsbook’s odds.

BetMGM Point Spreads And Totals

Point spreads and over/unders don’t vary too much between sportsbooks. There are, however, small differences that can have a big impact on your betting experience. For example, a higher point spread is better if you’re betting the underdog (e.g. +1.5 is better than +1). The opposite is true if you’re betting the favorite: -1 is better than -1.5.

Totals work in similar fashion. If you’re betting the over, a line of 117.5 is better than 119. On the other hand, betting the under favors a higher number, so 119 would be more favorable than 117.5.

Here’s how BetMGM’s point spreads and totals compare to a major competitor: DraftKings.

Point Spread/Totals ComparisonBetMGM Point SpreadDraftKings Point SpreadBetMGM TotalsDraftKings Totals
Milwaukee Bucks+4.5 (-110)+4.5 (-110)O 214.5 (-115)O 215.5 (-110)
Boston Celtics-4.5 (-110)-4.5 (-110)U 214.5 (-105)U 215.5 (-110)

The point spreads are exactly the same in terms of the line and the odds, so that’s just a matter of sportsbook preference. If you had a bonus at BetMGM, you could use it on that bet since DraftKings doesn’t offer a better line. The totals bets are where things get interesting. BetMGM’s line for the over is better, as it’s a full point lover than DraftKings’. However, that comes at the cost of worse-paying odds. A $110 bet at DraftKings on the over would pay $100, while BetMGM would require a $115 bet for the same win, but with a slightly better line. It’s a give and take, and you have to decide whether the additional point is advantageous enough to make it worth a few extra dollars.

This is why it’s important to shop for the best lines whenever you can. You may find hidden gams that make it easier to get a higher payout, should your bet win.

Does BetMGM Have The Best Moneyline Odds?

It might have the best odds from time to time, and it might not. It depends on many factors. Moneyline bettors tend to gravitate toward baseball for its strategic play and potential for even matchups. Let’s look at one game, comparing the lines at BetMGM and DraftKings.

Moneyline ComparisonBetMGMDraftKings
Atlanta Braves-105+100
New York Mets-115-120

In this case, BetMGm is the clear choice if you’re betting on the Mets to win. A $115 bet would pay $100. At DraftKings, you’d need to bet $120 to earn the same amount. $5 may seem small, but over time those little bits add up. On the opposite end of things, DraftKings offers even money on the Braves. A $100 bet would pay $100. At BetMGM you’d need to shell out $105 for a $100 win with the BRaves moneyline. Yet again, neither sportsbook outdoes the other from top to bottom. instead, they each favor one choice, emphasizing the impact of shopping for ideal odds.

How To Shop For The Best Futures Odds

When you’re betting on futures markets, it helps to understand theoretical hold, or the profit a sportsbook expects to make on a particular futures market. The higher the theoretical hold, the more a sportsbook expects to make. Small differences of 1-2% usually don’t impact the odds too much. But a bigger difference of, say, 6% may start to show in the odds listed, with the higher theoretical hold resulting in worse odds for the bettor. Here’s a look at DraftKings and BetMGM’s NBA finals futures, including theoretical hold. Remember, theoretical hold is a helpful measure, but you should always bet with the best odds, regardless of the hold percentage.

Futures ComparisonBetMGMDraftKings
Golden State Warriors Odds+260+255
Phoenix Suns Odds+320+290
Theoretical Hold12.87%10.46%

This example, as it turns out, is a perfect one for understanding why odds should be your primary measure of whether or not to place a certain bet. BetMGM’s theoretical hold is a bit higher, but it offers better odds on both the Warriors and the Suns than DraftKings does. BetMGM is the obvious choice for a bet on either team thanks to the higher-paying odds. Yet again, comparing odds at different sportsbooks showcases the advantage of odds shopping.

 

5.0
Depth

For New Yorkers looking for the most options for sports and events, the Bet MGM app may be the best choice among US-based companies. From professional and college sports to international competitions and even esports, BetMGM New York consistently offers the longest list of betting options than any other choice.

If it’s not number one, we can confidently say it’s in the top few. The layout tends to be one of the most appealing as well, with related player props conveniently accessed within boxes. It is easy to transition to various prop options. Things can be a little convoluted on competitors like DraftKings and FanDuel, where the latter simply lists numerous props that users have to scroll up and down constantly to view.

As an example, one NFL game can have over 120 different types of bets to consider. Some of the more uncommon markets include “Losecast,” which is where a bettor picks a player to score a touchdown and the other team to win the game, last touchdown scorer of the first half, how many yards will the shortest touchdown in the game be, and will either team record three unanswered scores?

Note that some of these markets are not completely different. Some differentiation is altered point totals when it comes to combining spread and total points, and moneyline and total points.

Lesser-known international brands such as Bet365 and Unibet will offer more sports. These apps, however, are not available in nearly as many US states as BetMGM, and they’re not as trusted by American bettors as the more familiar MGM brand name.

BetMGM is also the ultimate place to bet on college sports. While retail sportsbooks in New York will satisfy sports bettors in almost every way, they can’t offer wagers on in-state schools. This also is true with any college events that take place in New York. Outside of those limitations, when using the MGM sportsbook app, you’ll likely have some of the best odds available.

BetMGM also announced a partnership with NYRA Bets, a popular horse racing betting app.

5.0
Cashout

BetMGM is expected to launch sometime in early 2022. when that happens, New Yorkers can deposit and cash out from anywhere, including New York State. To deposit at BetMGM New York, you can use the following options:

  • Credit or Debit Card (Visa, MasterCard, AmEx, Discover)
  • PayPal
  • Skrill
  • VIP Preferred (ACH/e-check service)
  • BetMGM Play+ Card
  • Electronic Bank Transfer
  • PayNearMe locations (CVS, Walgreens, 7Eleven)

To cash out from the Bet MGM sportsbook NY app, you can transfer your funds from the sportsbook to a personal account using one of the following methods. When withdrawing, BetMGM will show the amount that’s available to withdraw.

Putting money back on a VISA debit card is one of the quickest options for withdrawal where available. Bettors can receive their money in hours after requesting a withdrawal.

  • Debit card (VISA)
  • PayPal
  • Skrill
  • VIP Preferred (ACH/e-check service)
  • BetMGM Play+ Card
  • Electronic Bank Transfer

If you’re going to withdraw in Skrill or PayPal, make sure to deposit with it too. It may not be a cashout option if you don’t use it as a deposit option.

You can also deposit and cash out in person at the Borgata Hotel Casino & Spa in Atlantic City, New Jersey.

3.5
App

BetMGM Sportsbook finally merged all of its individual state apps into one sports betting app, which is extremely convenient. You now don’t need to search by specific states or risk downloading the one for Colorado when you’re trying to bet in New York. It is not the first brand to do that, but it’s nice to see.

Click here to take advantage of the BetMGM NY bonus code and download the app on your specific device.

The desktop version of the MGM sportsbook is very comprehensive. It fills the entirety of a 1920-by-1080 resolution and features multiple lists to select sports to bet on, a scrolling promotional banner, bet slip, media and statistics window, and a parlay generator.

BetMGM New York is certainly tailored to experienced bettors. They will likely take advantage of some of the shortcuts available and how to access certain markets. New bettors may be overwhelmed at the options available. But the presentation is solid despite being a little cluttered.

What really sets BetMGM apart is the awesome rating on Apple’s App Store, which is no small feat. With a 4.8 out of 5.0, BetMGM is tied for the best overall score of any sports betting app in the US.

BetMGM Sportsbook App for Android

However, the experience seems to be a little different on Android. Google Play reviews show a 2.3 rating average with over 1,500 reviews. Common issues that seem to pop up are technical glitches, lack of customer support, and bettors getting locked out of their accounts.

During our testing of the Android app on a budget-level device, we experienced fairly slow navigation. It takes a few seconds to switch over to different sports and betting markets. That can be an issue for live bettors jumping around to different games. The app never ended up hanging or having us force restart it, but it certainly needs better optimization.

There is access to frequently asked questions, but live customer support doesn’t seem to be available on the app. That’s a significant problem when bettors are looking for immediate answers and there’s a live chat available on the desktop version. We did not run into any other technical glitches or get locked out of the account.

Overall, the MGM sportsbook app has a clean, stable app that features all the bets that are also available on the desktop version. Both versions are also very similar, so it makes it easy to switch over to each format. The score gets a little dinged due to various issues with the Android app. There’s plenty of room for improvement on that version.

4.5
Overall

When we grade each section of a sportsbook, we’re not just saying whether it’s high-quality or not, we’re comparing them to the market as a whole. BetMGM’s welcome bonus compares well to the competition with a strong risk-free bet option. However, we prefer a deposit match bonus instead of what’s essentially a second-chance opportunity.

There are also issues we have with the Android app, and the platform overall may be a little complex for beginners. On the flip side, it has some of the best market variety, promotions, and live-streaming video sections when compared to other platforms. There’s a lot to like across the board.

With just a small tweak, BetMGM would have a near-perfect score, which should tell you the kind of quality we’re dealing with here. It’s a top-tier sportsbook platform to gamble on, no matter what sport you’re going for.

BetMGM One Game Parlay

Like other popular sportsbooks, BetMGM offers single-event parlays and calls them “One Game Parlay.” This feature is available on most games in popular North American leagues (NFL, NBA, etc.) and has recently been added to the NHL. It’s also on select college football and basketball matchups, and soccer events across the world.

The single-event parlay builder is unique in comparison to other sportsbooks. A box with a different layout pops up, dividing everything into main options and subcategories. Simply select the legs of the one-game parlay and the odds will instantly update. Some sports will offer more options than others.

What Is “Edit My Bet” At BetMGM?

Another unique feature at BetMGM is editing an existing bet that’s already placed. This is eligible for wagers that can be cashed out and have selections that are not settled. When possible, bettors can increase their current stakes during the game. For example, a team could look great early and poised to finish well above their pregame spread. Bettors could ramp up that spread margin for a higher payout.

With parlays, bettors can add, swap, or remove legs during the action. Perhaps there’s something they’d like to add after placing the wager, or they may no longer like an option they selected. It is possible to remove a selection from a parlay bet if a team doesn’t look good early on, but be prepared for a significant reduction in potential earnings.

MGM Rewards

BetMGM has changed its loyalty program from M Life Rewards to MGM Rewards. Users can now gain rewards points and other credits for MGM casinos based on how much they play online. These points are earned for placing sports bets or playing at online casinos where available.

Rewards points can be converted to bonus credit for sports wagering, casino, and poker activity. They can also be transferred over to MGM Resorts bonuses when visiting one of their properties. Options include credit on hotel stay, dining, entertainment, and more. The new name provides better bonuses for online players and keeps it all under a simple rewards title.

BetMGM Casino Online App

At some point, BetMGM New York may offer gambling all under one roof: sports betting, casino games, and multiplayer poker. In Pennsylvania, the BetMGM app offers only casino gaming, which means sports betting and poker are likely around the corner.

The same rules apply. You must be at least 21 and physically within the states of New York or Pennsylvania to play at the BetMGM Casino.

The BetMGM Casino App is unsurprisingly one of the best options in the industry. The app features all the slot titles you would find at an MGM Resort anywhere in the US, plus hundreds of additional slots that they could never fit in a brick-and-mortar casino.

Up to a $1 million progressive jackpot can be won through the BetMGM Casino App, and that’s just the tip of the iceberg. You can play a range of table games, including over a dozen different variations of blackjack, roulette, casino poker, and video poker.

The BetMGM Live Dealer rooms also feature real-life dealers live-streamed directly to your mobile device. Play at physical tables, all through the app, and even interact with other players and tip the dealers.

The BetMGM Casino app, much like the MGM Resorts and the BetMGM Sportsbook, truly has it all. We’ll let you know the latest updates on if and when this option becomes available in New York.

Is BetMGM Legit?

Yes, it is.

BetMGM is a legally licensed online sports betting app and site. As such, it is regularly audited for fairness and transparency, and all the money in a player’s account is guaranteed if, for some unusual reason, BetMGM goes out of business. BetMGM’s sportsbook is overseen and regulated by the New York State Gaming Commission.

Those are big advantages over illegal betting sites that often operate outside of the U.S. On those sites, there is often no recourse for disputes, which means there is no way to recover your money if the site withholds your winnings for any reason.

BetMGM New York Sportsbook FAQ

Is sports betting legal in New York?

Yes. Overall, sportsbooks have launched both in-person and online in New York. The MGM sportsbook has been available online since the middle of January 2022. Within the market, it has been the fourth-most used online sportsbook among those available in the Empire State.

What is the minimum age for sports betting in New York?

In New York, the legal age for sports betting is set at 21. This is true for online platforms and retail sportsbook locations. Some tribal-owned casinos will allow those that are between 18-21 to enter their premises. However, sports betting options will not be available to them.

Can New Yorkers bet on the Super Bowl using Bet MGM?

Yes, bettors in New York are able to place wagers on the upcoming Super Bowl with the BetMGM sportsbook app. During the offseason, these odds can be accessed in the “2022-23 NFL – Futures” category on BetMGM. Within the “Outright Winner” section, Super Bowl odds are listed. The Buffalo Bills are the highest-favored team, but the Tampa Bay Buccaneers are close second now that Tom Brady is expected to return.

Is the BetMGM sportsbook app legal in New York?

Yes, New York residents now have access to BetMGM’s website and mobile app. They can easily download and install the app on their phones and sign-up now. Users can deposit, wager, and cash out winnings at the BetMGM sportsbook app while in New York State.

Does the BetMGM sportsbook app in NY offer in-game or live betting?

Yes, New Yorkers who want to use the BetMGM sportsbook app have access to live, in-game betting. This can now be completed in the comfort of your own home or at a local sports bar with online access. It’s easy to open up the mobile app on your phone and make bets on a game that you’re currently watching.

How do I claim a bonus offer at the Bet MGM NY sportsbook?

BetMGM provides a number of bonus offers like other sportsbooks have for new users. Just create an account, provide the application promo code (SHARP for BetMGM), and make a deposit. Up to $1,000 can be deposited and used on a first bet. If that loses, it will return as site credit. The amount of free bets is determined by how big the initial wager is.

What is the BetMGM NY Sportsbook bonus code?

Use our exclusive BetMGM NY bonus code SHARP to claim the new bettor bonus offer. In the registration process, ensure that this code is used in the proper location when registering in order to get this offer. At some point, BetMGM will ask about a promotional code on the same screen where payment is completed.

About the Author

Mike Epifani

Mike Epifani (shown here at Caesars Palace Las Vegas) is an experienced online gambling writer who specializes in online casinos and sports betting sites. From the nuances of bonus offers to winning strategies and beyond, his insights have helped countless remote bettors keep more of their money while having fun and staying safe.

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