BetMGM Bonus Code PARLAYS: Score Up to $1,500 Back in Bonus Bets

By: Devin Erickson-Sheehy Published 10/20/2025, 12:26 PM ET

New customers who sign up and make their first wager can get up to $1,500 back in Bonus Bets if that first bet doesn’t win. Whether you’re betting on the NFL, NBA, MLB Playoffs, or any market you choose, BetMGM delivers an elite experience backed by one of the most trusted names around.

Min. Deposit $5

Cashable No

Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) 877-8-HOPENY or text HOPENY (467369) (NY) 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. Promotional offers not available in Mississippi, New York, Ontario, or Puerto Rico.

Details on BetMGM Bonus Code

BetMGM Bonus Code	PARLAYS
New User Promo Description	🎁 Get up to $1500 back in bonus bets if your first wager loses
BetMGM Legal States	🗺️ AZ, CO, DC, IL, IN, IA, KS, KY, LA, MA, MD, MI, MO, MS, NV, NJ, NY, NC, OH, PA, TN, VA, WV, WY
Eligibility	21+ and located in one of above states

How to use BetMGM Bonus Code PARLAYS

The BetMGM bonus code PARLAYS gives new players a second chance to win, even if their first wager loses. Here’s how to claim it:

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Terms & Conditions

Sign up at BetMGM Sportsbook Create a verified account using promo code PARLAYS at registration.
Deposit and place your first wager Make a minimum deposit ($10+) and place your first real-money sports bet.
Get up to $1,500 back in Bonus Bets If your first wager loses, BetMGM will refund the amount (up to $1,500) in Bonus Bets within 24 hours.

You can use your BetMGM bonus bets on any major market including spreads, totals, parlays, or player props. Winning wagers pay out in cash (minus stake), giving you a real chance to build your bankroll from jump street.

Why Choose this BetMGM Bonus

The BetMGM new user offer stands out because it gives flexibility and protection. Many sportsbooks limit their welcome promos to smaller fixed amounts, but BetMGM scales up to $1,500 based on your first wager size.

Other benefits of BetMGM Sportsbook include:

Trusted National Brand: Backed by MGM Resorts, BetMGM is licensed in more than 20 U.S. states
Wide Market Selection: NFL, NBA, MLB, NHL, College Football, Soccer, UFC, and more.
Top-Tier App Experience: Seamless mobile interface, live betting, and same-game parlays. Check out our BetMGM review for more information on the sportsbook.
Exclusive Promotions: Ongoing BetMGM bonuses for existing users, including odds boosts and parlay insurance in addition to this BetMGM promo code offer.

If you’re already exploring odds on your favorite team, this BetMGM promo gives you a safety net to get started.

Who Can Use This BetMGM Promotion?

This welcome offer is only available for new customers, and terms and conditions apply. You must be located in a state that permits BetMGM sportsbook. These states are: AZ, CO, DC, IL, IN, IA, KS, KY, LA, MA, MD, MI, MS, NV, NJ, NY, NC, OH, PA, TN, VA, WV, WY. Not all areas where you can play on BetMGM will include bonus offers. DC, Mississippi, New York, Nevada, Ontario, and Puerto Rico do not allow for these bonus offers.

If you quality, join BetMGM Sportsbook now and enter bonus code PARLAYS at registration. Start betting today and get up to $1,500 back in Bonus Bets if your first bet doesn’t hit.

Disclaimer: 21+. New customers only. Terms and conditions apply. Bonus Bets are non-withdrawable and expire after seven days. Always gamble responsibly.

Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA) 21+ only. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). Rewards are non-withdrawable bonus bets that expire in 7 days. In partnership with Kansas Crossing Casino and Hotel. See BetMGM.com for Terms.

Min. Deposit $5

Cashable No

Requirement New Users – Bet $5 Get $200 in Bet Reset Tokens for 5 Days. (Up to $1,000 Bet Reset Tokens)

Cashable No

Gambling Problem? Call 1-800-GAMBLER or 1-800-MY-RESET. Call 1-888-789-7777 or visit ccpg.org/chat (CT). Hope is here. GamblingHelplineMA.org or call (800) 327-5050 for 24/7 support (MA). Visit www.mdgamblinghelp.org (MD). Call 1-877-HOPENY or text HOPENY (467369) (NY). 21+ (18+ DC, IA, KY, WV) only. New users only or text HOPENY (467369) (NY). Casino, First online real money wager only. $5 first deposit required. Min $5 wager required for 5 consecutive days. Bonus issued as non-withdrawable Bet Reset tokens. Refund from token issued as nonwithdrawable bonus bet that expire 7 days after receipt. Max refund $200 per day. Restrictions apply, including token expiration. See full terms at fanduel.com/sportsbook. Call 1-877-770-7867 (LA).

Min. Deposit $5

Odds Requirements -500

Cashable No

GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR). 21+ and present in most states. (18+ DC/NH/PR/WY). Void in CAN. Eligibility restrictions apply. On behalf of Boot Hill Casino (KS). Pass-thru of per wager tax may apply in IL. 1 per new DraftKings customer. $5+ first-time bet req. Max. $200 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. Terms: sportsbook.draftkings.com/promos. Ends 7/19/26 at 11:59 PM ET. Sponsored by DK.