Parlay the Tournament Promo Arrives at BetMGM Sportsbook

March Madness is finally here. The 2024 NCAA BB tournament is underway, something that is going to pull sports bettors to the Internet. To commemorate the March Madness Tournament, BetMGM Sportsbook has created a very exciting bonus promo called "Parlay the Tournament." If any BetMGM customer in West Virginia would like to participate in the promo, they should invest a moment reading these terms and conditions.

The BetMGM Sportsbook Parlay the Tournament promotion will run for the duration of March Madness. It started on March on March 18, 2024, and will continue until the day of the National Championship game on April 8, 2024. During the promotion period, BetMGM customers in West Virginia can opt in and start placing their qualifying bets.

For this promotion, bets will be considered qualifying bets if they are parlays, super parlays, or same-game parlays of at least $5 on any available NCAA BB tournament games. Each bet represents an entry into the promo. Each customer will be allowed to accumulate 2,500 qualifying bets with only the first 2,500 counting regardless of how many other bets are made.

After the promo period ends, the 10 participants who received the highest odds on their winning bets will be declared winners of this promo. The bonus bet prizes will be distributed to the top 10 as follows:

• 1st place will get 10 bonus bets at $5,000 each


• 2nd place will get 5 bonus bets at $5,000 each


• 3rd place will get 2 bonus bets at $5,000 each


• 4th place will get 1 bonus bet at $5,000


• 5th place will get 1 bonus bet at $2,500


• 6th-10th place will get 1 bonus bet at $1,000
  

In each case, the bonus bet amount exceeds the IRS threshold for reporting gambling winnings. Therefore, BetMGM will be issuing Form W-2G to each winner. Winners will need to use that form to report their gambling winnings on the 2024 tax returns.

Winners can expect to get access to their bonus bets within 24 hours after the final announcement. Once those bonus bets are in their wagering accounts, they will only have seven (7) days to use them before they expire. If a bonus bet wins, the bettor will receive the Net Winnings only as cash that can be withdrawn at any time.