BetMGM Promo Code BUSABONUS — $1,500 Bonus Bets Reviewed
Enter promo code BUSABONUS at BetMGM and you're looking at up to $1,500 in bonus bets if your first cash wager loses — by advertised dollar amount, it's one of the largest first-bet offers on the market right now. Here's what the fine print actually says.
What Does the BetMGM BUSABONUS Offer Get You?
BetMGM's welcome promotion is a First Bet Reset: place your first real-money wager, and if it loses, the sportsbook refunds the stake in bonus bets up to $1,500. If your bet wins, great — you keep the cash and the bonus never activates. Either way, you only get one shot at it as a new account holder.
Per the operator's terms, bonus bets are non-withdrawable. Only the net profit generated from a winning bonus-bet wager hits your withdrawable balance — the original bonus-bet stake does not come back. That's standard across the industry, but it trips up a lot of new bettors who expect to see the full $1,500 sitting in their account ready to cash out.
Where Is BUSABONUS Not Valid?
This matters. BetMGM's promo code BUSABONUS is not available in DC, Mississippi, New York, Nevada, Ontario, or Puerto Rico. If you're in New York, for example, you'll need to look elsewhere — our top sportsbook welcome offers ranked for 2026 covers which operators do have active New York promos.
You must be 21+ to claim this offer. Sports betting must also be legal and licensed in your state — check our state-by-state sports betting legality guide if you're unsure about your market. Must be 21+. Gambling problem? Call 1-800-GAMBLER.
Minimum Odds Rule — The Catch Most People Miss
Bonus bets at BetMGM must be placed at odds of -200 or longer. That means the implied probability of your selection can't exceed roughly 66.7%. Heavy favorites — your -400 chalk, your -500 moneylines — don't qualify. Plan your first wager accordingly or you may burn the bonus on an ineligible bet without realizing it.
For a deeper breakdown of how rollover math works across different offer types, see our guide to wagering requirements and how to calculate your rollover.
BetMGM BUSABONUS vs. Other Big Welcome Offers
| Operator | Offer Type | Max Value | Promo Code | Key Restriction |
|---|---|---|---|---|
| BetMGM | First Bet Reset | $1,500 in bonus bets | BUSABONUS | Not valid in NY, NV, DC, MS, PR, Ontario; odds -200 or longer |
| theScore Bet | First Bet Reset | $1,000 in bonus bets | GOAL | 21+ (18+ in KY); eligible new users only |
| DraftKings | Bet $5, Get $300 | $300 in bonus bets | — | $5 qualifying wager required; Missouri launch promo |
| FanDuel | Bet Reset (daily) | $200/day × 5 days | — | $5 wager on 5 consecutive days; tokens expire 7 days |
BetMGM wins on raw headline value. Whether $1,500 beats theScore Bet's $1,000 in practice depends on your state, your betting style, and how quickly you can realistically place qualifying wagers. We dig into exactly that in our BetMGM vs theScore Bet bonus comparison.
Should You Claim the BUSABONUS Offer?
If you're in an eligible state, plan to make a single large first wager, and are comfortable with the -200 minimum odds rule, BetMGM's offer is genuinely competitive. The $1,500 ceiling is the highest we've tracked among licensed US sportsbooks right now.
If you'd rather spread risk across multiple smaller bets over several days, FanDuel's structure — reviewed in our FanDuel Bet Reset welcome offer breakdown — may suit you better. And if you want to compare every major offer side by side before committing, start at our ranked list of top sportsbook welcome offers.
One last thing: you can claim welcome bonuses from multiple sportsbooks at the same time — each operator tracks eligibility separately. Just don't try to stack BetMGM's sportsbook offer with its own casino welcome promotion; per standard industry practice, you typically can't claim both from the same operator simultaneously. Watch for that detail in the fine print, and flag any vague language about "eligible markets" — our sportsbook bonus red flags guide explains why that clause costs bettors real money.