BetMGM is a growing entity in the sports betting game. It may not quite have the reach of the very top sportsbooks quite yet, but it also is a step above the secondary sportsbooks in the market. The states where BetMGM is live are also increasing as sports betting expands its reach across the United States, but before you get in on the action, you may be wondering: Is BetMGM legit?
Here we will break them down as a sportsbook and determine if BetMGM is reliable, a safe, and, most of all, fun sports betting operator.
BetMGM Sportsbook: Is it Legit?
These are three big things to look for when they are choosing a sportsbook:
- Reliability and Safety
- Competitive Odds
- Bonuses and Promotions
So we will cover how BetMGM grades in those three categories to determine if it is a legitimate option for sports betting.
Is BetMGM Reliable and Safe?
The strongest evidence for BetMGM being a legit sportsbook is its place in the sports betting market. As of 2024, it ranks behind only DraftKings and FanDuel in that regard, holding roughly a 10% market share. Now, we can quibble about how much that really says about BetMGM’s product, but it undeniably shows that BetMGM has a strong following — which it would not have if it were not widely respected.
But what safeguards are actually in place with BetMGM?
Well, first of all, BetMGM is fully licensed to operate online in 21 states and Washington D.C., and it also has a number of retail locations across the United States. Check out a full list of BetMGM states HERE. Gaming commissions in each of those states have determined BetMGM to be a safe and secure sportsbook.
Additionally, BetMGM uses firewall protections to ensure your data and accounts are 100% safe when you use the sportsbook.
How Does BetMGM Determine Odds?
BetMGM determines odds in a number of ways, combining data-driven analysis and expert insights. Like most sportsbooks, its team looks at historical performance data, team and player records, and head-to-head matchups, with the goal being to get bets to come in as evenly on both sides as possible.
This involves examining team dynamics, coaching strategies and current form to fine-tune the odds, as well as keeping a close eye on market conditions, taking into account the betting patterns and preferences of the public. If a particular team or player attracts an overwhelming number of bets, BetMGM adjusts the line to mitigate risk as much as possible. This approach allows BetMGM to offer competitive and responsive odds across a wide range of sports and events.
This is what helps BetMGM’s legitimacy the most, as it ensures it keeps odds fair for all users. That does not mean bettors can’t find edges in the odds — that’s the whole purpose of OddsShopper’s Positive EV Bets Tool, finding market edges that create +EV opportunities — but BetMGM has a diligent process that ensures as clean a betting environment as possible.
What Bonuses and Promotions Does BetMGM Offer?
BetMGM offers generous bonuses all the time, particularly for new customers. Right now, the BetMGM bonus is $1,500 first-bet forgiveness. To claim, you only need to sign up (with OddsShopper’s BetMGM bonus code), deposit $10 and make a bet of at least $5 on anything. If your bet loses, you will get it paid back in bonus bets up to $1,500.
Conclusion: Is BetMGM Legit?
Bottom line: Yes, BetMGM is a legitimate sportsbook, both in terms of user experience and its place in the market. It sets odds to keep itself competitive with the top books like DraftKings and FanDuel, and it has all the necessary licenses safeguards to operate in 21 states — so you don’t have to worry about your money when you use BetMGM. And if you’re still unsure about it, sign up with BetMGM’s bonus code and get some bonus bets in your account!
