BetMGM Minimum Deposit Limit

Not only do they have the same low BetMGM minimum deposit threshold, but new and experienced bettors can take advantage of their first bet promotion.

The first bet promotion allows you to deposit, make your first bet, and if that first bet is a loser, you’ll receive first bet credits to the same amount as your losing bet, up to a maximum of $1,500. This is a little like a first-bet insurance policy.

But before you sign up for a BetMGM account, we’ll explain all of the BetMGM minimum deposit and withdrawal options you have available, so you can decide on the best one for you.

All sportsbooks and online casinos have a minimum deposit limit. When registering for an account at a betting app like BetMGM, the first question that usually pops to mind relates to the minimum deposit.

Continue reading for the full scoop on the BetMGM minimum deposit, what is the lowest amount you can deposit, and how they stack up against other sportsbooks.

BetMGM Payments Overview

In the two tables below we have covered all the details relating to deposits and withdrawals on the BetMGM Sportsbook.

In each table, you’ll see the main deposit/withdrawal methods available to you, details about the BetMGM minimum deposit, any fees payable, plus processing times for each type of transaction.

BetMGM Deposits Overview

BetMGM Cash Outs Overview*

*NB – Please note that BetMGM has an internal withdrawal review process on all methods which can be as long as five days before funds are released.

What is the Lowest Minimum Deposit at BetMGM

The minimum deposit threshold on the BetMGM sportsbook is ten dollars, but other betting sites may set minimum deposit limits of $20, and $30 with some up to $100. This is what makes BetMGM one of the better options for players and sports handicappers, as well as the competitive odds offered on many sports.

The $10 BetMGM minimum deposit is the same right across the board for all payment methods bar bank wire transfer, which has a minimum deposit of $1,000.

If you need more info then click here and you’ll be taken to the page below.

The following list shows the various minimum BetMGM deposit methods.

What Does Minimum Deposit Mean?

When a sportsbook has a minimum deposit, it means that this is the lowest amount you can deposit.

Many major sportsbooks including BetMGM have a $10 minimum deposit which makes it within reach for a large portion of sports bettors. You’ll find some sportsbooks offer a $5 minimum, but check that these are not offshore sportsbooks, which are not legal in the USA.

Is The BetMGM Minimum Deposit Limit Low?

We wanted to cover BetMGM in this review for that exact reason. BetMGM offers a $10 minimum deposit amount so you can start to place bets on all of the sports action on their site.

They offer one of the most attractive minimum deposit options of all of the major gambling sites.

This is the same for online casino gaming where they have a wide selection of slot games and casino games at BetMGM online casinos.

Why Are Minimum Deposit Limits Important For Betting?

Online sportsbooks that offer low minimum deposits are great for the players and the book.

For those who are betting on sports for the first time, having this low minimum deposit option limits your risk. You can set up your account and deposit your first ten bucks and get involved in the action.

BetMGM wants to attract new players, so for them, having a low barrier of entry is good from their perspective, and this can be done on the main BetMGM website, or your mobile device by downloading the BetMGM mobile app.

A lot of sportsbooks have implemented responsible gambling guidelines as set out by state licensing authorities.

Setting this low minimum of $10 allows players like you to set their deposit limits at a manageable level, which is part of the wider initiative for major sportsbooks to promote safe and responsible gambling for players who want to bet online.

Best Low Deposit Banking Methods at BetMGM

Pros and Cons of Using the BetMGM Deposit Minimum

Even before looking at the pros and cons, it is important to point out that BetMGM is one of the most reputable online betting sites in the US, licensed in 25 states.

It doesn’t matter which sportsbook you use. Make sure they offer legal online sports betting in the state you are betting in.

Let’s look at a few key points.

Pros

• You can use $10 as a deposit on every payment method listed on the BetMGM website and app.
• There are zero fees when you deposit to your BetMGM online sportsbook account.
• You’ll only need to add a maximum $10 deposit to take advantage of the BetMGM first bet offer.
• Signing up for sports betting or an online casino account and making your initial cash deposit on BetMGM requires a very simple registration process that takes a couple of minutes.
• You can find a BetMGM retail sportsbook at various locations including in Arizona at Gila River properties, The MGM National Harbor in Maryland, the MGM Springfield in Springfield, MA as well as in Michigan, Mississippi, Nevada, New Jersey, Ohio, Oregon, South Dakota, Washington, and Washington DC.

Cons

• The BetMGM sportsbook has a five day review window for any withdrawal requests.
• It can take up to 48 hours to have your BetMGM sportsbook account setup after registration.