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How to make a deposit on BetMGM Sportsbook & Casino

Author:

Alex W

Updated:

09-06-22

Huge sports fan. Football & MLS fanatic. Lover of all things gambling - Sports betting, Casino, Poker and of course, Las Vegas.

If the BetMGM online sportsbook has recently gone live in your state, you might want to get involved and start placing sports wagers with the book. If you have no experience of using the BetMGM sportsbook, you are probably wondering how to make a deposit to BetMGM. Well, wonder no more as we have got you covered!

Legal online sports betting continues to snowball across the United States. One of the operators that have taken advantage of this growth of online gaming is BetMGM. BetMGM is an exclusive sports division of the gambling giant MGM and has grown to become one of the most popular sports betting apps in the United States. The BetMGM sportsbook app launched in 2019 via a joint venture between MGM Resorts and GVC Holdings called Roar Digital. With the power of MGM behind it, it quickly became a go-to destination for bettors. It has provided significant competition for other brands such as DraftKings and FanDuel as it continues to expand in the online betting world.

Anybody who signs up for an account at the BetMGM NY sportsbook or BetMGM online casino can benefit from the BetMGM rewards scheme. The M Life Rewards program is one of the best loyalty schemes available as you can earn fantastic prizes the more you bet on sport or wager on the BetMGM Casino. MGM Rewards works on a tier credits system whereby you move up in tiers the more you wager. It encourages people to keep using the betting app.

Whether you are signed into the BetMGM Arizona site, BetMGM Illinois, BetMGM New York, BetMGM New Jersey or BetMGM Virginia, the BetMGM payment methods are the same. If you have ever stayed at an MGM Resort before you know the brand are experts in gambling, and that expertise carries over into the BetMGM app.

This guide provides all of the vital information surrounding BetMGM deposit methods. We will cover how to deposit on the BetMGM sports app, the BetMGM minimum deposit amount, the various BetMGM banking methods, and more. However, before you can get into the online banking side of things, you must first create a BetMGM sportsbook account.

Create a BetMGM Sportsbook Account

Before you begin playing BetMGM poker if you are playing on the online casino or you want to bet on the Super Bowl, there are some steps to go through first. You must sign up for a new player account before you can deposit funds and place some bets on the BetMGM platform. Go to betmgm.com and then select which state you are in on the homepage, then clicking the gold ‘register’ button in the top right corner of the main page or app home screen. This will generate the registration fields where you must enter some personal information such as full name, email address, location, and date of birth. Once you have provided all of the necessary details, your account will need to be verified.

Once the verification steps have been completed, our betting account is ready to go, and you can use all of the features and range of betting options on the BetMGM website. Please note that you will be required to verify your age and identity before gaining total access to the site’s features. You can upload the required documents by clicking on your account management tab.

New players can benefit from a risk-free bet for up to $1,000 when signing up using the BetMGM promo code GAMBLEUSA.  You can use this risk free bet to wager on any NBA playoff game or other popular sports. This bonus offer is available for all new users of the book. Just sign up on the above link to sign up today and get your hands on some free bets.

How to make a BetMGM deposit online

Once your account has been created, and you are ready to make your risk-free first bet, there is just one thing left to do before you can place a wager on your favorite team. Before you can place a bet, you must deposit money, and the good news is you have several great BetMGM deposit options to choose from. Tap the “Deposit” option, choose your preferred payment method and deposit amount, then follow the instructions. If you choose the instant deposit methods, your betting account will be credited as soon as you confirm the transaction.

BetMGM deposit

You can choose from the following options:

Credit/debit card (Visa, Mastercard, Discover): Deposits can be made instantly by using one of these payment cards. You must have all of the card information, including the CVV code on the back. Credit and debit cards remain one of the most popular BetMGM payment methods as people are used to using these in everyday life.

Online Banking: If you have online banking set up through your preferred bank beforehand, this is a good option. You can log in to your online banking account after selecting this option on the BetMGM website or mobile app, and there are no limits on the amount you can transfer.

ACH/e-check:  Checking, savings, or money market account. You must provide your bank account information and routing numbers to use this method. Additionally, you must enroll your banking account information before choosing this as your deposit method.

PayPal: Most people nowadays have a PayPal account. E-wallets are one of the most prominent payment systems worldwide, and you can use this e-wallet option to fund your BetMGM account. Like the ACH option, you will need your PayPal account to be linked to your bank account before adding funds to your BetMGM account. Please note that only one PayPal account can be linked to any wagering account when you use this method. BetMGM is one of the best sportsbooks that accept PayPal.

Play+ Prepaid Card: BetMGM’s preferred deposit method is the prepaid card. The card links to BetMGM for safe deposits. To choose this option, enroll your card through BetMGM to make a deposit. You must do this because registered Play+ accounts for other online bookmakers won’t work with this operator.

Instant Bank Transfer: You can select the “Bill Pay” function using an online bank account.

Although you don’t need to live in a state where BetMGM is licensed to register, you must reside within a legal state’s lines and be at least 21 years old for a bet to be processed and accepted. Creating a BetMGM player account is simple and can be done in minutes. Once you are up and running, you can make your first deposit in seconds using one of the choices listed above. The BetMGM sportsbook is legit and keeps players protected by using the latest SSL encryption to ensure all financial transactions are secure. BetMGM is among the best legal online sportsbooks in the US, and all players should feel safe using this platform.

You can make a deposit or a BetMGM withdrawal from anywhere in the US. However, you won’t be able to place any bets until you are physically located in jurisdiction borders where BetMGM is legal and available. As with most online sportsbooks, BetMGM deposit and withdrawal options are the same.

BetMGM Deposit Methods

As you can see above, making a deposit is straightforward with this sportsbook. In even more good news, BetMGM has a wide choice of banking and cashier options. There is typically an option available no matter how you want to deposit to the book. The full list of options are:

Deposit methodDeposit FeeMinimum DepositProcessing Time
Debit CardFree$10Instant
Credit CardFree$10Instant
PayPalFree$10Instant
Bank Transfer (ACH)Free$10Instant
PayNearMeFree$1060 mins or less
Wire TransferFree$10Instant
CashFree$10Instant
Pre-Paid Play+Free$10Instant
SkrillFree$10Up to 24 hours

BetMGM also accepts Amex as a deposit option which makes it one of the few US sportsbooks to do so. After you have made your deposit, you can then proceed to place a wager. If you are new to the sportsbook, you may want to read our guide to see how to place a bet on BetMGM. If you make the right picks and land your bets, you can then proceed to withdraw your winnings, or leave them in the account for future best.

Making BetMGM deposit

BetMGM Deposit Problems

Because online betting is still a relatively new concept to most people in the United States, many people remain unsure of how using an online sportsbook works. You may struggle with the cash out feature, wonder how live betting works or how to use a sportsbook promo code. You may be wondering how do I deposit money into BetMGM? Other common issues and topics surrounding the sportsbook revolve around timings. We regularly see users asking how long does BetMGM take to deposit? Suppose you have never experienced using online payment methods before and don’t know how to claim a deposit bonus. If that is the case, you may not know what to do if you have any problems trying to add funds.

While we would love everything to run smoothly all the time, unfortunately, that is not the reality. If you are having issues making a BetMGM deposit, it could be for several reasons.

Most of the time, if a deposit is blocked, the problem is with your bank. Always make sure you are entering your name, card number, expiration date, security code, and state/zip code accurately and that all of the information matches the account details associated with your card. If your details have been entered correctly and you have funds in your account, but the transaction still declines, you need to contact your bank directly.

If you have opened a BetMGM account in the past but closed it yourself or had your BetMGM account suspended, this could be one of the reasons you can’t deposit. If you think this applies to you, please contact BetMGM directly.

If you are trying to use PayPal to deposit and it gets declined, you will need to contact PayPal to see what the problem is. You might be trying to use n old or expired card registered on your account, which is normally the case.

We should also state that if you have a gambling problem, you can set deposit and withdrawal limits whether using the online casino or online sports betting site. Deposit limits can bet set when you first sign up.

FAQs

Can I add a deposit limit to my BetMGM account?

Yes, you can set your own limits at BetMGM. These can be daily, weekly, or monthly.

Can you use PayPal for BetMGM?

Yes, BetMGM does accept PayPal as a deposit (and withdrawal) method. It is one of the fastest ways to make a deposit to the book.

Does BetMGM accept American Express?

Yes, you can use your American Express card to add funds to your BetMGM player account. Once done, you can then use your free bets on the BetMGM sportsbook app.

How long does it take to deposit on BetMGM?

Most payment options process the transaction instantly; however, bank transfers can take a couple of days to process. If you sign up today with your BetMGM bonus code, you can add funds and be betting within minutes.

How long does BetMGM to settle a bet?

Bets with BetMGM are usually settled instantly. In-game or live bets are usually settled during the game. Pre-match wagers are always settled after the game has ended and usually within 60 minutes. If after an hour your bet hasn’t settled, reach out to support who can help.