BetMGM Louisiana is fully licensed by the Louisiana Gaming Control Board and available to bettors 21+ in the 55 parishes that approved sports wagering. The headline offer — promo code BETMGMBONUS — refunds your first bet up to $1,500 in bonus bets if it loses. Here's exactly what that means and whether BetMGM is the right pick for you.
How Does the BetMGM $1,500 First Bet Offer Work?
Enter promo code BETMGMBONUS at registration. Place your first real-money wager. If it wins, you keep the cash. If it loses, BetMGM refunds the stake in bonus bets up to $1,500. Bonus bets are non-withdrawable — only the cash winnings they generate can be withdrawn.
This is a high-ceiling offer. A $1,500 max refund beats the dollar amount available from most competitors. It suits bettors planning a meaningful first wager, not a $5 test bet.
Must be 21+. Physically located in an approved Louisiana parish at sign-up and time of bet. One offer per household, SSN, and device.
BetMGM Louisiana: Key Stats at a Glance
| Feature | BetMGM Louisiana | Caesars Louisiana | BetRivers Louisiana |
|---|---|---|---|
| Welcome offer | $1,500 First Bet refund (code BETMGMBONUS) | 10× 100% profit boosts (code GODYW) | $500 Second Chance Bet |
| Minimum deposit | Not specified in research | Not specified in research | $10 |
| Minimum withdrawal | $10 | $20 | Not specified in research |
| ACH withdrawal speed | 1–3 business days | 1–2 business days | Varies |
| College player props | Banned (LGCB rule, Aug 1, 2024) | Banned | Banned |
Deposits and Withdrawals: What to Expect
BetMGM accepts Visa/Mastercard debit, ACH, PayPal, Venmo, Apple Pay, Play+, and PayNearMe. Credit card deposits may be declined by Louisiana banks — use a debit card or e-wallet to avoid issues.
The $10 minimum withdrawal is one of the lowest in the market. Debit card and ACH withdrawals take 1–3 business days after internal review. PayPal and Venmo are faster — typically within 24 hours of approval.
Complete your KYC verification at sign-up. BetMGM may request ID, proof of address, or SSN confirmation before releasing a first withdrawal. Doing it early prevents delays. For a full payout comparison across all licensed apps, see our guide to fastest Louisiana sportsbook payouts.
Bet Types Available in Louisiana
BetMGM offers moneylines, point spreads, totals, parlays, same-game parlays, futures, and live in-game betting. You can bet on the Saints, Pelicans, LSU Tigers, and Tulane on spreads and moneylines.
Individual college player prop bets are prohibited statewide under LGCB rules effective August 1, 2024. No licensed Louisiana sportsbook offers them. Any offshore site still listing them gives you zero regulatory protection.
Who Should Choose BetMGM Louisiana?
BetMGM suits bettors who plan a first wager of $500 or more. The refund ceiling of $1,500 is the main draw. If you are placing a smaller bet, a flat bonus-bet offer like FanDuel's may yield more guaranteed value. Check our Louisiana sportsbook bonuses ranking to run the numbers side by side.
For a direct head-to-head on the two biggest refund-style offers in Louisiana, read our BetMGM vs Caesars Louisiana comparison. For app usability scores across all eight operators, see the Louisiana sportsbook apps rankings.
Prefer a smaller guaranteed stake? The BetRivers $500 Second Chance Bet carries a 1× playthrough — simpler terms than most. Or compare the full field at our best Louisiana sportsbooks hub.
Taxes on BetMGM Winnings in Louisiana
All net winnings are taxable income at both the federal and Louisiana state level. BetMGM issues an IRS Form W-2G on wins over $600 or 300× your stake, triggering 24% federal withholding. State withholding applies at the same threshold per Louisiana law. Even wins below that threshold must be self-reported. Keep records of every deposit and withdrawal.
Responsible Gambling
Must be 21+. Gambling problem? Call 1-800-GAMBLER or the Louisiana-specific line at 1-877-770-STOP. BetMGM offers deposit limits, wager limits, session timers, and voluntary cool-off periods in-app. Louisiana's self-exclusion program requires in-person enrollment and carries a minimum five-year ban.
Bottom Line on BetMGM Louisiana
The $1,500 First Bet Offer with promo code BETMGMBONUS is the highest-ceiling refund available in Louisiana right now. The $10 minimum withdrawal is a genuine edge. Bonus bets expire, are non-withdrawable, and depend on geolocation working correctly in your parish — cover those bases and BetMGM is a strong pick for high-stakes first bets.