BetMGM Sportsbook is live in Illinois.
With in-person registration out and the Big Dance about to begin, it’s an ideal time for BetMGM to launch in the Land of Lincoln. BetMGM may have a chance to catch up with Illinois top dogs DraftKings and FanDuel.
Besides the aforementioned Illinois online sportsbooks, BetMGM joins BetRivers, Caesars, Barstool and PointsBet as operators in the Prairie State. There is no official word on when or where BetMGM will open a retail sportsbook; however, it earned market access via Par-A-Dice Casino in East Peoria.
Here’s the information you need to know about BetMGM’s launch.
BetMGM Illinois new sign-up promo
New users in Illinois can look forward to a bonus welcome bet of up to $1,000. Using the BetMGM Illinois bonus code PLAYBONUS, new users can take advantage right away, especially since you can sign up 100% online in Illinois.
So, if you win the bet, the profit is yours. If you lose, you get a mulligan.
There is also another BetMGM Illinois sportsbook promo to note. There is currently an NBA promo where new users can bet $10 to win $200 in bonus bets if either team makes a three-pointer in the game. The Bulls, who are in the thick of the postseason race, have three games this week.
Note that you can’t use both of these promos.
BetMGM could be a top dog in Illinois, too
Much like Illinois, DraftKings and FanDuel are top dogs in New Jersey.
Each led the state in revenue in 2021 and in January 2022. However, the margin between the top two sportsbooks and BetMGM is quite wide. Across NJ, FanDuel made $877 million in 2021, DraftKings brought in $387 million, while BetMGM landed in third at $137 million.
Betting in Indiana is no different with DraftKings and FanDuel leading the pack.
Since October 2019, DraftKings has taken over $2 billion in handle, FanDuel has taken over $1 billion, and BetMGM has taken $649 million in handle the Hoosier state.
There is a decent chance that BetMGM lands in third for the most popular sportsbook in Illinois if this trend continues. However, that could take a while, as it will be playing catchup against long-established competitors.
More Illinois sportsbooks are good for Illinois
Illinois is one of the largest markets for sports betting in the United States. In 2021, Illinois narrowly beat out Pennsylvania for the third-highest total handle when combining mobile and retail bets.
With a new competitor entering the arena, sportsbooks are incentivized to run promotions and deposit bonuses to attract users to their sportsbooks over others. Keep your eyes out for can’t miss promotions and new user sign-up deals.
Illinois bettors can also sign up online or via sports betting apps for new accounts with sportsbooks on March 5. Previously, new users had to register in person at retail locations.