BetMGM bonus code TRIBUNEMGM unlocks $1K first bet offer for any game this week

The current BetMGM bonus code TRIBUNEMGM triggers a generous first bet offer where new users can get up to $1,000 in bonus bets.

This welcome offer is structured as first bet insurance so players will get their complete stake — capped at $1,000 — returned in bonus bets in the event of a losing first wager. This promotion can be deployed for an MLB regular season game, an NFL preseason matchup or the WNBA.

We’ll go into detail about the nature of this promotion and highlight the key conditions in the ensuing paragraphs.

BetMGM bonus code offer, explained

With sports betting getting legalized in an increasing number of states each year, the big-name books often have some kind of welcome offer for new customers. In this instance, the new customer promotion is structured as first bet insurance.

So players can get their initial stake returned in bonus bets — limited at $1,000 — if that first wager goes south. Critically though, players will only get bonus bets if that first wager loses.

Users can click the module below and use the bonus code TRIBUNEMGM to sign up for an account.

From there, they’ll need to make a deposit of at least $10 to register their account. Then they’ll need to place a real-money wager to trigger this promotion.

Critically, only cash deposits and wagers will be accepted so any wagers placed using credits or bonus bets will not register the account nor will it trigger the welcome promotion.

If a player’s first wager is successful, they’ll keep their stake and collect the profits but will not get any bonus bets. Conversely, if that first wager doesn’t hit, they’ll get their entire stake back in bonus bets — capped at $1,000 — that can be used for any additional wager on the platform.

For example, if a bettor places a $100 cash wager on the White Sox at +140 against the Mets and Chicago wins, they’d collect $140 in profit and keep their $100 stake.

However, if that same wager was unsuccessful, they’d get $100 in bonus bets that can be used for any other wager. If that initial wager was $250, they’d get $250 and so on, up to $1,000.

Critically, bonus bets earned from this promotion are only valid for one wager a piece and cannot be cashed out or withdrawn without being wagered first.

BetMGM sign-up details

Before signing up with BetMGM, users should review the conditions outlined below to extract the most value out of this promotion.

Critically, this promotion is limited to new customers who are at least 21 years old and present in a legal BetMGM state. Players do not need to be a resident of that state to take advantage of this offer but they must be within state limits, which BetMGM will verify using geolocation data.

If users meet all of those criteria, they can click the module displayed above and use the bonus code TRIBUNEMGM to sign up for an account. That bonus code will also unlock the new customer offer.

From there, players will need to make a small cash deposit of at least $10 and place a real-money wager to initiate this offer. Notably, only cash deposits and wagers will be accepted so any deposits or bets placed with credits will not qualify.

If that first wager wins, players will keep their stake and collect the profits.

However, if that initial wager goes south, players can get their complete stake — up to $1,000 — back in bonus bets.

Any bonus bets earned from this promotion are valid for one wager a piece and cannot be cashed out or withdrawn without being wagered first. Additionally, bonus bets from this offer will typically be distributed between 24 and 48 hours after the qualifying wager settles and will remain valid for up to seven days after distribution.