BetMGM

Online Sports Book Review

Overall Rating: 4.3/5

The BetMGM sports app is associated with the Atlantic City Borgata which is owned by MGM. Originally introduced in Nevada as PlayMGM, the BetMGM app opened in New Jersey in 2018. BetMGM has one of the most extensive menus of sports betting options of any sportsbook in the country, and it is available to iOS and Android users. There is not currently a desktop or mobile browser version of the app.

Pros:
  • Extensive menu of sports to bet on
  • In-game live betting
  • Various depositing options
Cons:
  • Inflated betting odds
  • No desktop or mobile browser version
  • Limited withdrawal options

FAQs

How can I withdraw my winnings? And how long does the withdrawal process take?

To withdraw money from the app, users can choose either NetTeller or a check in the mail. NetTeller takes two to five days to deposit money into a user’s account, and a check in the mail can take up to three weeks.

Are my winnings taxable?

All online casino winnings must be reported to the IRS when you complete your annual federal tax return. This is done on Form 1044. You will tally up your total winnings and report them under the “other income” section. The winnings must also be added to your state tax return and are taxed according to your tax bracket.

How do I get started?

New users to BetMGM will be required to download the app and create a free account. The account will ask for basic information as well as the user’s last four digits of their Social Security number. The app will also run a geolocation search to ensure that the user is located in Indiana, New Jersey, Nevada, or West Virginia.

How do I deposit and is there a minimum?

Deposits can be made with PayPal, Skrill, direct bank transfer, PayNearMe located at 7-Eleven stores, Visa or Mastercard, MGM prepaid card, Casino Cash Cage at the Borgata, or an ACH/eCheck. There is a $10 minimum on all deposits.

Is there a deposit bonus?

The first deposit has a first bet, free play bonus up to $500.

Pros

BetMGM has one of the most extensive selections of sports on which to wager online. They currently have 15 different sports featured and multiple leagues for most of those sports. They also accept multiple different forms of bets. All users will be satisfied with the amount of options they have to place wagers on each day. BetMGM supports in-game live betting, which is a huge pro for this site. Live betting odds are updated constantly, and users can follow along with the scores of the games on the app to decide what wagers they would like to place. The app is very simple to use and has a standard layout compared to most other sites. One of the most common reviews of the app is that it does not have any extra frills to distract the user and have a clean and crisp feel. For both novice and experienced online sports bettors, it should be easy to start using the BetMGM app. There are also a lot of options for deposits, so users should never have any difficulty with putting money onto the app.

Cons

One of the biggest cons affecting the BetMGM app is its betting odds, which can tend to be all over the place compared to some other sites. Sometimes the odds will be a lot higher than other sites while other times they can tend to be a lot lower for favorites. This can be frustrating because users will often end up feeling that they are never sure if they are getting fair odds from the app. The BetMGM app does not currently have a version supported by a desktop or mobile browser. This can be very frustrating for users that like to place bets through their computer or who do not want to download the app on their mobile phone. Despite all of the depositing options offered by BetMGM, there are only two withdrawal methods.

How To Place a Bet

In order to place a bet, the bettor must determine what they want to gamble on. If the bettor decides to place a bet on the Las Vegas Raiders moneyline against the San Francisco 49ers, they simply have to click the moneyline option for that game. Once clicked, the bet will appear on the betslip on the right side of the page. The betslip can hold multiple bets, so a player can choose up to 10 different betting options and place money on them individually or in a parlay, round robin, or teaser bet. Once the bets are placed, the betslip is cleared and the player can place more wagers if they choose to.

How To Deposit and Withdraw

New users to BetMGM will be required to download the app and create a free account. The account will ask for basic information as well as the user’s last four digits of their Social Security number. The app will also run a geolocation search to ensure that the user is located in Indiana, New Jersey, Nevada, or West Virginia. After signing up for the account, the user must then also make their first deposit on the app. Deposits can be made with PayPal, Skrill, direct bank transfer, PayNearMe located at 7-Eleven stores, Visa or Mastercard, MGM prepaid card, Casino Cash Cage at the Borgata, or an ACH/eCheck. There is a $10 minimum on all deposits, and the first deposit has a first bet, free play bonus up to $500. There are other bonuses and rewards that will happen weekly and monthly, so it is encouraged to pay attention to the rewards listed on the app because they are constantly changing. To withdraw money from the app, users can choose either NetTeller or a check in the mail. NetTeller takes two to five days to deposit money into a user’s account, and a check in the mail can take up to three weeks.

Conclusion

BetMGM has one of the most extensive sports betting menus on the internet. They have in-game live betting and sports that are not seen on many other sites. They have a large number of depositing methods and one of the easiest online interfaces, but the site does have its drawbacks as well. Inflated odds, no desktop or mobile browser, and only two withdrawal methods can cause hesitation for some users. Overall, this is a good app despite its flaws that is worth downloading.

  • Reputation and Licensing: 4.5/5
  • Game Variety: 5/5
  • Game Quality: 4.5/5
  • Bonuses and Promotions: 4/5
  • Deposits and Withdrawals: 3/5
  • User Experience: 4.5/5
Overall Rating: 4.3/5