A Review of the BetMGM Welcome Offer for Iowa Sports Bettors

While Iowa might not be home to any major professional sports franchises, the people of Iowa are still great sports fans. They have also been known to enjoy placing a sports bet now and then. While there are plenty of Iowa online sports betting operators from which to choose, BetMGM Sportsbook is offering what is arguably the best "Welcome Bonus" in the state. A review of the following terms and conditions will help point that out.

The current BetMGM Sportsbook Welcome Bonus offer in Iowa first became available at the start of the U.S. football season on August 29, 2023. At this time, the promotion will remain available until the end of the NFL season on February 11, 2023. Without the need to go through an opt-in process, taking part in this bonus offer is simple. All a new customer needs to do is complete the BetMGM registration process, make an initial cash deposit of $10 or more, and place their very first sports bet.

That first sports bet can be on any available sports market at any odds. If that first sports bet ends up being a losing bet, the new customer will earn the right to receive a full 100% bet rebate up to a maximum of $1,500.

Bonus recipients can expect to get their rebate bonuses in the form of bonus bet vouchers within 24 hours after that first sports bet has been settled. If the qualifying losing bet is for $50 or less, the bonus recipient will get one (1) voucher with a betting value of the bet amount. If the qualifying losing bet amount exceeds $50, five (5) bonus bet vouchers of equal value (20% of the losing bet amount) will be issued.

After bonus recipients get their vouchers, BetMGM will give them seven (7) days to place their bonus bets. If for any reason a bonus bet voucher is not wagered within the deadline, that voucher will expire with no value. If bonus bet vouchers are wagered within the deadline and result in a winning bet, the net winnings will be converted to cash that is immediately withdrawable.